The Europe Paper Packaging Market size is estimated at USD 91.71 billion in 2024, and is expected to reach USD 114.12 billion by 2029, growing at a CAGR of 4.47% during the forecast period (2024-2029).
The Paper Packaging Market in Europe appears to be consolidated as a significant market share is generated by a few firms. This industry research report offers information about players' competitive environment in this market. Major players include Smurfit Kappa, DS Smith PLC, Mondi Group, and Hamburger Containerboard GmbH.
In April 2023, DS Smith announced the launch of a EUR 145 million multi-year upgrade program for its kraft paper mill in Viana, Portugal. The new investment package will equip the mill with the latest paper-making machinery and help rebuild the existing paper machine. This effort will help minimize factory carbon emissions while strengthening DS Smith's commitment to contributing to Portugal's circular economy. This investment will be used to install a recovery boiler, which will improve the overall environmental performance of the plant by increasing steam efficiency by approximately 25%.
In May 2022, Smurfit Kappa developed a sustainable and innovative water-resistant paper. AquaStop is part of Smurfit Kappa's new TechniPaper portfolio, Which brings a new era of sustainable packaging (Grease-proof, slip-resistant, moisture-resistant, flame-retardant, anti-static, and heat-sealable papers), which consists of an array of high-performance papers designed to bear even the most complex supply chains.
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