Fiber based Packaging

Fiber based Packaging

Global Fiber-Based Packaging Market to Reach $415.2 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Fiber-Based Packaging estimated at US$314.7 Billion in the year 2020, is projected to reach a revised size of US$415.2 Billion by 2027, growing at a CAGR of 4% over the analysis period 2020-2027. Corrugated Boxes, one of the segments analyzed in the report, is projected to record a 4.1% CAGR and reach US$114.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Cartons segment is readjusted to a revised 4.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $86.4 Billion, While China is Forecast to Grow at 6.7% CAGR

The Fiber-Based Packaging market in the U.S. is estimated at US$86.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$81.4 Billion by the year 2027 trailing a CAGR of 6.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.2% and 3.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$53.4 Billion by the year 2027.

Partitions & Inserts Segment to Record 5.2% CAGR

In the global Partitions & Inserts segment, USA, Canada, Japan, China and Europe will drive the 5.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$32.9 Billion in the year 2020 will reach a projected size of US$46 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 5.7% CAGR through the analysis period.

Select Competitors (Total 46 Featured) -

• AR Packaging Group AB
• BillerudKorsnas AB
• Brodrene Hartmann A/S
• DS Smith PLC
• ESCO Technologies, Inc.
• Georgia-Pacific LLC
• Huhtamaki Oyj
• International Paper Company
• KapStone Paper and Packaging Corporation
• Mayr-Melnhof Karton AG
• Mondi Ltd.
• Pratt Industries, Inc.
• Rengo Co., Ltd.
• Reynolds Group Holdings Limited
• Smurfit Kappa Group PLC
• Sonoco Products Company
• Stora Enso Oyj
• U.S. Corrugated
• UFP Technologies, Inc.
• WestRock Company

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