- The key vendors in the Global Paper and Paperboard Container and Packaging Market 2015-2019 are Georgia Pacific LLC, Industrial Development Company SAL (INDEVCO), International Paper Co. and Tetra Pak International SA.
London, 28 January 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Paper and Paperboard Container and Packaging Market 2015-2019. One of the major trends in this market is the need for sustainability and technological innovations. Several companies have come up with many advanced packaging designs and patterns. Also, customers prefer to buy products that are esthetically packaged with premium labeling. The Global Paper and Paperboard Container and Packaging market is expected to witness a CAGR of 6.50 percent during the period 2014-2019.
The key consumers of paper and paperboard packaging are dispersed across various verticals such as the Chemicals, Food and Beverage, Pharmaceuticals and Healthcare, and Other industries. Paper and paperboard products are preferred because the non-reactive nature of paper and paperboard protects the products from spoilage. Moreover, increase in the demand for paperboard packaging from end-users such as the Food and Beverage, Pharmaceuticals, and Electronics industries is driving the Global Paper and Paperboard Container and Packaging market. These products are one of the easiest to recycle and are preferred for packaging.
“Vendors are investing in R&D to develop materials that have the ability to be recycled and have the traditional capability of friction, moisture, and heat resistance,” says Faisal Ghaus, Vice President of TechNavio Research.
“Paper and paperboard containers are considered to be environmentally friendly and a sustainable form of packaging compared to other forms of packaging such as plastics.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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