Technavio Announces the Publication of its Research Report Global Paper and Paperboard Container and Packaging Market 2016 2020
Technavio recognizes the following companies as the key players in the Global Paper and Paperboard Container and Packaging Market: Georgia Pacific, INDEVCO, International Paper, Tetra Pak, and WestRock.
Other Prominent Vendors in the market are: All Packaging, Smurfit Kappa, Bio PAPPEL SAB de CV, Cascades Inc., Colbert Packaging, Davpack, Diamond Packaging, DS Smith, Europac Group, Evergreen Packaging, Howell Packaging, MOD PAC, Mondi Group, Nampak, Pratt Industries, Rossmann Group, Sonoco Products, and Winston Packaging.
Commenting on the report, an analyst from Technavios team said: A trend to watch is the need for sustainability and technological innovation in the packaging market. The trend of using sustainable or eco friendly material for packaging of products is influencing the growth of the market. Many consumer product manufacturers prefer using eco friendly packaging material as it provides an opportunity to promote environmental sustainability. It is possible to recycle paper up to seven times, which gives an advantage to paper and paperboard container and packaging manufacturers over other packaging products manufacturers. Hence, many manufacturers have started focusing on the production of 100% recyclable products made of recyclable fibers
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According to the report, a key driver that is positively impacting market growth is the increased demand from the e commerce industry. The growing e commerce market, which is primarily made up of online shopping, has witnessed an increase in demand for corrugated boxes for shipment of the products sold through them. The ease of online shopping has made many customers switch from the traditional method of shopping. Online...