Fiber Based Packaging Market Size, Share, Growth, Trends, and Forecast 2032

Fiber Based Packaging Market Insights

According to the report published by Zion Market Research, the global Fiber Based Packaging Market size was valued at USD 395.43 Billion in 2023 and is predicted to reach USD 534.26 Billion by the end of 2032. The market is expected to grow with a CAGR of 3.4% during the forecast period. The report analyzes the global Fiber Based Packaging Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Fiber Based Packaging industry.

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Global Fiber Based Packaging Market: Overview

Fiber-based packaging helps in lowering the hazard of littered items to wildlife and associated amenity issues. The fiber-based packaging is biodegradable in nature. This packaging is potentially compostable depending upon the formats and materials, which in turn makes it more compatible with food waste in recovery processes. It can be molded into different shapes. There is very little risk of discharge of chemicals from packaging into the food products and also possess a low risk of contamination.

Global Fiber Based Packaging Market: Growth Factors

The strong demand for processed food, packaged merchandise, and other goods in developing markets will steer the growth of the global fiber-based packaging market. The rapidly growing population, particularly the middle class, is further complementing the growth in demand. Such a vigorous growth rate is likely to expand the intensively managed replantation all around the world. The fiber-based packaging business comprises majorly paper-based converting business operations. The spike in the collection and global demand for recovered fiber will encourage the adoption of fiber-based packaging. Reinventing and reusing corrugated paper and cardboard materials have become the need of the hour in the market globally.

Furthermore, the manufacturers are also working towards achieving improved product functionality with fiber-based packaging. Also, they are concentrating on adding tactile appeal with soft-touch pack products and innovative designs. For instance, different carton packets are manufactured with the feature of opening and closing with one button click, thereby creating customer appeal by adding a unique feature. Furthermore, the growing stringent regulations being levied on the packaging sector is likely to boost the growth of the global fiber-based packaging market during the forecast period. Packaging plays a vital role in the personal care and cosmetic sector. Therefore, the growing demand for cosmetic products among consumers is further propelling the demand for the fiber-based packaging market.

Global Fiber Based Packaging Market: Segmentation

The global fiber-based packaging market can be segmented into the level of packaging, end-user, discarding method, product type, and region.

By level of packaging, the market can be segmented into primary, secondary, and tertiary packaging.

By end-user, the market can be segmented into construction, consumer electronics, food & beverages, chemicals, and others. The food & beverage segment dominates the global fiber-based packaging market. The growth can be attributed to the growing demand for processed food all across the globe.

By discarding method, the market can be segmented into degradable, reusable, and recyclable.

By product type, the market can be segmented into release liners, extrusion coating, supports, cushioning, displays, industrial bags, corrugated packaging, paper boards, and others.

The corrugated packaging segment accounts for the largest share in the global market.

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Fiber Based Packaging Market: Report Scope

Global Fiber Based Packaging Market: Regional analysis

North America accounts for the largest share in the global fiber-based packaging market due to the high demand for processed food in the region. Moreover, there is a significant spike in demand from the electrical and electronics sector in the region due to the presence of a large number of original equipment manufacturers (OEMs), which in turn will further accelerate the growth of the regional market. The growing awareness among consumers regarding the importance of sustainable packaging is also likely to encourage the growth of the regional market in the forthcoming years.

Asia Pacific is expected to witness a significant growth rate in the forthcoming years due to the growing regulatory norms from the government to reduce the burden of plastic waste in the region. Moreover, the presence of prominent market leaders in the region will further promulgate the growth of the regional market.

Global Fiber Based Packaging Market: Competitive Players

Some of the significant players in the global fiber-based packaging market are

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

The Global Fiber Based Packaging Market segments are as follows:

By Level of Packaging

• primary
• secondary
• tertiary packaging.

By End-User

• construction
• consumer electronics
• food & beverages
• chemicals
• others.

By Discarding Method

• degradable
• reusable
• recyclable.

By Product Type

• release liners
• extrusion coating
• supports
• cushioning
• displays
• industrial bags
• corrugated packaging
• paper boards
• others.

Global Fiber Based Packaging Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.