With a global recession negatively affecting many industries there are some industries experiencing phenomenal growth. One example is the paper packaging market which according to recent research, is expected to hit $236 billion dollars globally before the end of 2011. Further, in emerging markets such as China, Brazil, and India, the growth is expected to persist. The consumer demand in North America and Europe is also on the rise.
So why the growth in this market? Various factors such as the ability to recycle, convenience, and cost-effectiveness can be attributed. The main advantage the paper packaging industry has through is its environmentally friendliness. Combined with quality, paper packaging is a viable packaging option in our modern world that is concerned about sustainability. As technologies and innovations continue to evolve, the paper packaging market only gets stronger providing manufacturers with more customized solutions.
This report comes as no surprise to anyone who has observed packaging in a retail setting over the past handful of years. Paper packaging is replacing many types of plastics packaging. Consumer behavior is changing, demanding less packaging that is recyclable and marketers and packaging manufacturers are capitalizing on the opportunities.