Global paper packaging market to grow at around 4% through 2019

ALBANY (Scrap Monster): The latest research report published by NY-based Transparency Market Research (TMR) forecasts around 4% growth to global paper packaging materials market from 2013 to 2019. The report titled “Paper Packaging Materials Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019” also provides insight into the growing market trends on a global and regional level.

According to the report, the overall volume demand for paper packaging totaled 181.48 billion tons in 2012. The global paper packaging market was valued at $254.80 billion during the year. Further, the market is predicted to register around 4% growth from 2013 through 2019. The value of the market is expected to touch $344.43 billion by 2019.

The study finds that paper continues to be the largest used material in packaging market. It also forecasts significant rise in consumption of paper packaging materials especially on account of ban imposed on use of plastic bags by several authorities across the world. Rising awareness among general public with respect to preservation of environment and the necessity of responsible recycling is also expected to boost demand for paper packaging materials.

The study report analyzes the paper packaging materials market through segmentation based on product types, application and geography. The report covers entire product types. Application types have been analyzed based on current market trends. The geographical segmentation focuses on North America, Europe, Asia Pacific and Rest of the World.

The report also includes detailed profiles of leading manufacturers such as DS Smith Plc, International Paper Company, MeadWestvaco, OJI Holding Corporation and Smurfit Kappa Group Plc., among others.

TMR is a U.S.-based market research, analysis, and intelligence firm headquartered in Albany, New York. It offers global business research reports and consulting services.