Paper Packaging Materials Market Trends Cheap Wojciech Szczesny Jersey , Company Share To 2022: Grand View Research, Inc. Business Articles | November 18, 2015
New Market Research Reports Title “Paper Packaging Materials Market Analysis Size and Segment Forecasts to 2022” Has Been Added to Report Database
The global paper packaging materials market is expected to reach USD 391.17 billion by 2022, according to a new report by Grand View Research Cheap Tomas Rincon Jersey , Inc. Rapid development of fast food and frozen food industries particularly in emerging markets of Asia Pacific and Middle East & Africa is expected to remain a key driving factor for global paper packaging materials market over the forecast period. Environmental concerns associated with plastics packaging for food & beverages are also expected prompt demand for paper packaging materials over the next seven years. Governments across various regions have been implementing stringent regulations. Novel technologies related to paper recycling and extensive R&D to develop superior quality products are expected to create new avenues for market participants.?
Liquid packaging cartons were the leading product segment and accounted for over 40% of total market volume in 2014. Positive outlook on global beverages industry is expected to drive this segment over the forecast period. Corrugated cases are projected to witness the highest growth rate over the forecast period owing to novel retail packaging developments.?
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Further key findings from the report suggest:
Global paper packaging materials market demand was 195.72 million tons in 2014 and is expected to reach at 273.31 million tons by 2022, growing at a CAGR of 4.3% from 2015 to 2022. Beverages were the leading application segment with demand share estimated at 42.3% in 2014. Growth of organic beverages industry in developed economies of North America and Europe are expected to steer growth of this segment. Frozen foods are expected to witness the highest growth of 4.6% from 2015 to 2022. Rise in convenience food and fast food demand particularly in emerging markets China and India on account of rising disposable income and rapid urbanization are expected to assist the regional market in the near future. Asia Pacific was the leading regional market with demand share exceeding 35% in 2014. Growth of food & beverages industry coupled with government support in the form of tax holidays and financial incentives to develop manufacturing sector particularly in China, India, Thailand Cheap Stephan Lichtsteiner Jersey , Indonesia and Vietnam are expected to drive the regional growth Asia Pacific is also expected to witness the highest growth of 4.8% from 2015 to 2022. Paper packaging materials market is highly fragmented and characterized by a large number of players. Key industry participants include Hood Packaging Corporation, International Paper Company, OJI Holding Corporation, Georgia Pacific Corporation Cheap Stefano Sturaro Jersey , DS Smith Plc., Smurfit Kappa Group Plc. And MeadWestvaco.
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Grand View Research has segmented the paper packaging materials market on the basis of product, application and region:
Paper Packaging Materials Product Outlook (Volume, Million Tons; Revenue Cheap Sami Khedira Jersey , USD Billion, 2012 - 2022)
Global Ascorbic Acid Market to represent a significant expansion at ~5.1% CAGR by 2028
by parthkale · October 14, 2019
Persistence Market Research has published a new research study titled 鈥淎scorbic Acid: Global Industry Analysis 2013-2017 and Forecast 2018-2028鈥? According to PMR analysis, the global聽Ascorbic Acid market聽that was valued at US$ 997.3 Mn at the end of 2017 will reach beyond US$ 1 Cheap Paulo Dybala Jersey ,700 Mn by the end of 2028, at a healthy CAGR of 5.1% over 2018-2028.
Rampant population growth has been leading to global increase in the demand for food. It has thus become increasingly important for food industry participants to supplement food products with minerals and vitamins that cater to daily requirements of nutrient intake. To meet this increasing demand for inclusion of vitamins and minerals in food supplements, manufacturers have started using Ascorbic Acid as an important ingredient and thus, the global Ascorbic Acid market is estimated to grow with healthy CAGR during the forecast period.
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to drive the concerned market during the forecast period.