Fiber Based Packaging Market
Fiber Based Packaging Market Forecasts to 2030 - Global Analysis By Product (Boxes, Cartons, Trays, Clamshells, Tubes, Drums, Pallets and Other Products), Fiber Type (Kraft Paperboard, Corrugated Board, Molded Pulp, Recycled Fiber and Other Fiber Types), Packaging Form, End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $335.59 BN |
|
Projected Year Value (2030) |
US $478.55 BN |
|
CAGR (2023 - 2030) |
5.2% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Fiber Based Packaging Market is accounted for $335.59 billion in 2023 and is expected to reach $478.55 billion by 2030 growing at a CAGR of 5.2% during the forecast period. Fiber-based packaging is a sustainable and eco-friendly solution derived from renewable resources like paper and cardboard. It is well known for its recyclability and biodegradability. Its lightweight yet durable nature makes it an excellent choice for reducing environmental impact. Fiber-based packaging aligns with growing global efforts to minimize plastic waste and promote environmentally responsible alternatives in the packaging industry.
According to the Packaging Federation of the United Kingdom, corrugated board suppliers in the UK have announced a USD 60-70 per ton price increase for containerboard grades in the first quarter of 2022.
Market Dynamics:
Driver:
Growing environmental concerns
With growing concerns over plastic pollution and a heightened focus on sustainable practices, consumers and industries alike are embracing eco-friendly alternatives. Fiber-based packaging, derived from renewable resources like paper and cardboard, aligns with these environmental priorities. This trend reflects a collective commitment towards a more sustainable future, emphasizing the pivotal role of fiber-based packaging in addressing pressing environmental challenges. Governments and businesses are increasingly adopting these solutions to reduce their carbon footprint, driving the market's growth.
Restraint:
Limited performance in certain applications
Fiber-based packaging, while environmentally friendly, faces limitations in moisture resistance, strength, and barrier properties compared to alternatives like plastic. These shortcomings hamper its performance in applications requiring high durability, water resistance, or extended shelf life. In markets where such attributes are crucial, like in some food and electronic packaging, the constraints of fiber-based materials can hinder their widespread adoption, limiting their market share and competitiveness in certain industries.
Opportunity:
Innovations in packaging technology
Innovations in fiber-based packaging technology, such as advanced barrier coatings and sustainable materials, are transforming the industry. These developments enhance product protection, extend shelf life, and reduce environmental impact. Additionally, advancements in printing technologies enable vibrant and informative designs, enhancing brand visibility. The combination of functionality, sustainability, and aesthetics propels fiber-based packaging to the forefront of the market, meeting the demand for both environmentally conscious and visually appealing packaging solutions.
Threat:
Cost considerations
Cost considerations in fiber-based packaging include raw material costs, manufacturing expenses, and environmental impact. Rising energy costs also impact production expenses. Additionally, stringent regulations on sustainable practices can increase compliance costs. These factors collectively can hinder market growth as companies face challenges in maintaining affordability, competitiveness, and meeting evolving environmental standards, potentially limiting market expansion for fiber-based packaging.
Covid-19 Impact
The covid-19 pandemic significantly impacted the market as supply chain disruptions, reduced consumer spending, and logistical challenges led to a decline in demand. While increased awareness of sustainable packaging favoured fiber-based solutions, overall market growth was tempered by economic uncertainties. Despite challenges, the industry exhibited resilience with an emphasis on eco-friendly alternatives, driving innovation. The pandemic highlighted the importance of adaptability and sustainability in the market, prompting companies to reassess and enhance their strategies.
The recycled fiber segment is expected to be the largest during the forecast period
The recycled fiber segment is estimated to have a lucrative growth. Recycled fiber plays a pivotal role in fiber-based packaging, contributing to sustainability and environmental conservation. Derived from post-consumer or post-industrial sources, recycled fiber reduces the demand for virgin materials, conserving natural resources and energy. This eco-friendly approach enhances the overall environmental performance of fiber-based packaging, making it a preferred choice for environmentally conscious consumers and businesses committed to reducing their ecological impact.
The personal care & cosmetics packaging segment is expected to have the highest CAGR during the forecast period
The personal care & cosmetics packaging segment is anticipated to witness the highest CAGR growth during the forecast period, due to its sustainable and eco-friendly solutions. Beyond reducing environmental impact, fiber-based packaging maintains product integrity, ensuring protection against external factors. Its versatility allows for creative and attractive designs, enhancing brand aesthetics. As the beauty industry increasingly prioritizes sustainability, fiber-based packaging emerges as a key player in promoting both eco-friendliness and product appeal.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the mounting environmental awareness and sustainable packaging trends. The demand for eco-friendly packaging materials, coupled with regulatory initiatives promoting recyclability, is driving market expansion. Key players including Smurfit Kappa Group and Mondi Group are focusing on developing innovative and sustainable fiber-based packaging solutions. In addition, rising consumer preferences for green packaging options, along with a surge in e-commerce activities, further contribute to the market's growth in the Asia-Pacific region.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to its stringent regulations on plastic usage. European countries have been active in implementing regulations and initiatives aimed at reducing the environmental impact of packaging. The region has the presence of major companies namely DS Smith PLC, Mayr-Melnhof Karton AG and Sappi Limited. Europe is witnessing the rapid demand in the personal care & cosmetic industry will enhance the growth of this segment. The European market showcases a robust trend towards sustainable packaging solutions, fostering a positive outlook for the fiber-based packaging sector.
Key players in the market
Some of the key players profiled in the Fiber Based Packaging Market include Smurfit Kappa Group PLC, Knoll Packaging, Graphic Packaging International, Orora Packaging Australia Pvt Limited, Stora Enso Oyj, Huhtamaki, OJI FIBRE SOLUTIONS (NZ) Limited, WestRock Company, Ahlstrom, McKinley Packaging, Omni-Pac Group, Pactiv Evergreen Inc., Sonoco Products Company, Georgia-Pacific LLC, Mondi Group, AR Packaging Group AB and BillerudKorsnas AB.
Key Developments:
In August 2023, Graphic Packaging International, a leader in fiber-based consumer packaging announced the product launch of a Coated Recycled Paperboard (CRB) innovation, PaceSetter Rainier. It can compete directly with SBS and Folding Box Board (FBB) owing to brightness and whiteness that are superior to those of conventional CRB.
In May 2023, Omni-Pac Group UK, a manufacturer of molded fiber packaging solutions, announced the opening of a new site of EUR 8 Million (USD 8.5 Million) and 60,000 square feet, located in the town of Scunthorpe, which will enable the company to increase its production capacity and create more than 100 new employment opportunities over a period of five years.
In January 2023, Knoll Packaging, a global customized packaging provider, launched a series of make-up compacts made from 100% molded pulp. The molded pulp is a plant material made from bamboo, sugarcane, and wood fiber, the best alternative to thermoformed plastic. These designs are magnet free and have a removable mirror.
Products Covered:
• Boxes
• Cartons
• Trays
• Clamshells
• Tubes
• Drums
• Pallets
• Other Products
Fiber Types Covered:
• Kraft Paperboard
• Corrugated Board
• Molded Pulp
• Recycled Fiber
• Other Fiber Types
Packaging Forms Covered:
• Rigid Packaging
• Flexible Packaging
End Users Covered:
• Healthcare
• Food & Beverage
• Personal Care & Cosmetics
• Electronics
• Retail
• E-commerce
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Fiber Based Packaging Market, By Product
5.1 Introduction
5.2 Boxes
5.3 Cartons
5.4 Trays
5.5 Clamshells
5.6 Tubes
5.7 Drums
5.8 Pallets
5.9 Other Products
6 Global Fiber Based Packaging Market, By Fiber Type
6.1 Introduction
6.2 Kraft Paperboard
6.3 Corrugated Board
6.4 Molded Pulp
6.5 Recycled Fiber
6.6 Other Fiber Types
7 Global Fiber Based Packaging Market, By Packaging Form
7.1 Introduction
7.2 Rigid Packaging
7.3 Flexible Packaging
8 Global Fiber Based Packaging Market, By End User
8.1 Introduction
8.2 Healthcare
8.3 Food & Beverage
8.4 Personal Care & Cosmetics
8.5 Electronics
8.6 Retail
8.7 E-commerce
8.8 Other End Users
9 Global Fiber Based Packaging Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Smurfit Kappa Group PLC
11.2 Knoll Packaging
11.3 Graphic Packaging International
11.4 Orora Packaging Australia Pvt Limited
11.5 Stora Enso Oyj
11.6 Huhtamaki
11.7 OJI FIBRE SOLUTIONS (NZ) Limited
11.8 WestRock Company
11.9 Ahlstrom
11.10 McKinley Packaging
11.11 Omni-Pac Group
11.12 Pactiv Evergreen Inc.
11.13 Sonoco Products Company
11.14 Georgia-Pacific LLC
11.15 Mondi Group
11.16 AR Packaging Group AB
11.17 BillerudKorsnas AB
List of Tables
1 Global Fiber Based Packaging Market Outlook, By Region (2021-2030) ($MN)
2 Global Fiber Based Packaging Market Outlook, By Product (2021-2030) ($MN)
3 Global Fiber Based Packaging Market Outlook, By Boxes (2021-2030) ($MN)
4 Global Fiber Based Packaging Market Outlook, By Cartons (2021-2030) ($MN)
5 Global Fiber Based Packaging Market Outlook, By Trays (2021-2030) ($MN)
6 Global Fiber Based Packaging Market Outlook, By Clamshells (2021-2030) ($MN)
7 Global Fiber Based Packaging Market Outlook, By Tubes (2021-2030) ($MN)
8 Global Fiber Based Packaging Market Outlook, By Drums (2021-2030) ($MN)
9 Global Fiber Based Packaging Market Outlook, By Pallets (2021-2030) ($MN)
10 Global Fiber Based Packaging Market Outlook, By Other Products (2021-2030) ($MN)
11 Global Fiber Based Packaging Market Outlook, By Fiber Type (2021-2030) ($MN)
12 Global Fiber Based Packaging Market Outlook, By Kraft Paperboard (2021-2030) ($MN)
13 Global Fiber Based Packaging Market Outlook, By Corrugated Board (2021-2030) ($MN)
14 Global Fiber Based Packaging Market Outlook, By Molded Pulp (2021-2030) ($MN)
15 Global Fiber Based Packaging Market Outlook, By Recycled Fiber (2021-2030) ($MN)
16 Global Fiber Based Packaging Market Outlook, By Other Fiber Types (2021-2030) ($MN)
17 Global Fiber Based Packaging Market Outlook, By Packaging Form (2021-2030) ($MN)
18 Global Fiber Based Packaging Market Outlook, By Rigid Packaging (2021-2030) ($MN)
19 Global Fiber Based Packaging Market Outlook, By Flexible Packaging (2021-2030) ($MN)
20 Global Fiber Based Packaging Market Outlook, By End User (2021-2030) ($MN)
21 Global Fiber Based Packaging Market Outlook, By Healthcare (2021-2030) ($MN)
22 Global Fiber Based Packaging Market Outlook, By Food & Beverage (2021-2030) ($MN)
23 Global Fiber Based Packaging Market Outlook, By Personal Care & Cosmetics (2021-2030) ($MN)
24 Global Fiber Based Packaging Market Outlook, By Electronics (2021-2030) ($MN)
25 Global Fiber Based Packaging Market Outlook, By Retail (2021-2030) ($MN)
26 Global Fiber Based Packaging Market Outlook, By E-commerce (2021-2030) ($MN)
27 Global Fiber Based Packaging Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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