Paper and Paperboard Packaging Market Size worth $213.4 Billion by 2020

"Paper Packaging & Paperboard Packaging Market by Grade (SBS, CUK, FBB, WLC, Glassine & Greaseproof , Label Paper), Application (Food, Beverages, Healthcare, Personal & Homecare), & by Type (Corrugated Box, Boxboard, Flexible Paper) - Trends & Forecast to 2020" published by MarketsandMarkets, The Paper & Paperboard Packaging Market is projected to reach $213.4 billion by 2020, at a CAGR of 3.5% from 2015 to 2020.

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This report estimates the market size of the global paper & paperboard packaging market in terms of both value and volume of the industry. In this report, the market is broadly segmented based on grade, application, type and region. Market drivers, restraints, opportunities and challenges, and raw material price trends are discussed in detail. Market share, by participant, for the overall market is discussed in detail. The global paper & paperboard packaging market has grown moderately in the last few years and this growth is expected to continue. Increasing awareness amongst consumers towards eco-friendly packaging solutions, that would be more inclusive with the ecosystem and animal habitat have been one of the main reasons that is driving the packaging industry to come up with innovative packaging solutions that are convenient for the consumers.

The major key players operated in the market are Amcor Ltd. (Australia), ITC Ltd. (India), Cascades Inc. (Canada),RockTenn Company (U.S.), Clearwater Paper Corporation (U.S.), Packaging Corporation of America (U.S.), DS Smith Plc. (U.K.), Mondi Group (South Africa), and Metsa Group (Finland).

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