Paper Packaging Industry: A Global Outlook
San Jose, California (PRWEB) September 8, 2008
Paper, the only form of packaging to be developed from renewable resources, will continue to be used across myriad industries based on its environmental compatibility, low cost and lamination applications. Worldwide economic growth, merchandise trade, industrial production, retail trade, electronic shopping and product development and nature of end-user industries and consumers are key demand determinants for paper packaging materials.
The maturity of the paper packaging market is attributable to slow growth in overall paper industry, although advances in manufacturing techniques and technology have spurred innovation in areas such as paper composite packaging. Paper packaging demand in food and nonfood applications will climb at a slower pace yet be stimulated by product innovation, waste minimization efforts and enhanced marketability with the use of more esthetic but functional packaging. Global paper packaging market has been understated due to the fluctuating economic conditions, over-capacity, dominance of substitute packaging materials in major markets including the US, Japan and Western European countries. Growth in consumption of paper packaging materials is stemming mostly from Asia Pacific region, especially China, and to some extent in East European and Latin American regions.
Buoyed by consistent technological changes such as product insulation, improved microwavability, specialty laminations and high-screen coatings, paper-packaging materials retained its popularity in food/beverage as well as cosmetic industries. Emerging trend towards packaging minimization and optimization of supply-chain efficiency through e-commerce initiatives across the world will provide new avenues to the paperboard packaging market. Growing environmental concerns and introduction of stringent regulations such as Packaging Directive, 94/62/EC and its revisions, has also stimulated demand for paper packaging materials.
Carry-out and prepared foods, beverage cartons and shipping sacks represent potential high growth areas for paper packaging. Containerboard and cartonboard constitute major part of the paper packaging materials. Demand for containerboard, used primarily to produce corrugated boxes, follows the track of economic cycle. New flute structures are likely to play a major role in enhancing the competitiveness of containerboard and corrugated boards, as against folding cartons. Consumer packaging applications, especially, food packaging, represent major end-use market for cartonboard. Demand will expand in line with performance improvements and higher moisture barrier properties in boxes for fresh produce, frozen specialty processed foods, meat, seafood, poultry, as well as frozen fruit and vegetables.
The report titled "Paper Packaging Industry: A Global Outlook" published by Global Industry Analysts Inc, provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The research paper provides unbiased commentaries on select segments of the market, and summarizes key trends and issues. The research paper also offers sound coverage of the paper packaging landscape in the US. This section discusses trends in paper, and paperboard packaging in the industrial market, and is buttressed with 29 information-rich market data tables, and accompanying charts, and graphs. Other regional markets briefly abstracted include the UK, China, India, Vietnam, Latin America and South Africa. Also included is a directory listing of addresses, and contact details of 667 companies worldwide.
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