According to the study “Asia Fiber Based Packaging
Industry Situation and Prospects Research report”,
the fiber based packaging industry is segmented into various types such as
corrugated boxes, cartons, partitions, inserts, bottles carriers, cup carriers,
trays, plates, clamshells, display packaging, bags, sacks and others. The materials used in the manufacture of
fiber based packagings are corrugated, boxboard/carton board,
moulded pulp, and kraft paper. Various
end-users of fiber based packagings are food packaging,
beverages packaging, tobacco packaging, healthcare packaging, personal care
& cosmetics, homecare & toiletries, electrical & electronics, other
industrial packaging, e-commerce packaging, chemical and fertilizers. Corrugated
boxes are used for various packaging needs and are mainly used in transit
packaging across several industry sectors. Asian fiber based packaging market
is segmented into virgin and recycled by material source. Recycled fiber
segment is likely to dominate the Asian markets accounting for a major share.
Within the fiber based packaging market, cartons hold significant share in the
market as they are widely preferred for primary packaging in food and
beverages, cosmetics and personal care, pharmaceuticals, etc.
Evolution is a continuing process within the
packaging industry. Packaging serves multiple functions such as physical
protection, product marketing, tamper evidence, theft protection, durability,
and portion control. From the past few years sustainability was made essential
in packaging solutions driving for more growth in the Asian markets. Environmental
impact of non-recyclable materials has led to a demand for eco-friendly
packagings adhering to the environmental protection guidelines. Fiber based
packaging utilizes renewable, reusable or biodegradable materials in the
process of product packaging. Millennials prefer packaging to be sustainable
due to awareness of environmental degradation. Fiber based packaging is
attractive and consumers are willing to invest and pay more for the same.
Geographically, Asia fiber based
packaging market is spread across China, Japan, India, Korea, Saudi Arabia and
other region. The leading players in Asia fiber based packaging market are
International Paper Company, DS Smith Plc, Huhtamaki Oyj, Smurfit Kappa Group
PLC, Sonoco Products Company, WestRock Company, Georgia-Pacific LLC, Pratt
Industries Inc., Reynolds Group Holdings Ltd., U.S. Corrugated, Inc., UFP
Technologies, Inc., ESCO Technologies Inc., Brodrene Hartmann A/S, KapStone
Paper and Packaging, Mayr-Melnhof Karton AG, Rengo Co., Ltd., Mondi Group,
Stora Enso and AR Packaging Group AB. Leading players are investing heavily in
research and development for more innovative products to meet the increasing
demands. The fiber based packaging market has witnessed extraordinary growth in
the recent years due to increasing applications across several end-use
industries. Corrugated boxes account for more than 50% of the fiber based
packaging market amongst all type of fiber based packaging materials. Food
packaging accounts for a major share because Asia is anticipated to emerge as
the most lucrative market in terms of both value and volume over the next few
years.
A shift in consumer preferences for light
weight, cost effective materials and easy availability of raw materials has
resulted in the impressive growth of Asian fiber based packaging market. Fiber based packagings employ highly
automated machines for the design of paperboard products which substantially
reduces labour and packaging costs. The growing concerns of global warming are
also having a positive impact on the growth of global fiber based packaging
market. Almost all manufacturers and consumers are focussing on eco-friendly
packaging solutions. Fiber based packagings are utilizes biodegradable material
obtained from natural sources that are sustainable in the long run.
Additionally, emerging economies are strictly monitor plastic packaging
solutions and encouraging the use of bio-degradable packaging solutions.
To
know more, click on the link below:
Related
Reports
+91-9015378249
