Innovation to Add New Value for $425 Billion Fibre-based Packaging Market Through to 2027

摘要

The sustainability agenda means corrugated board,folding cartons,molded pulp,flexible and specialty papers,are all receiving new interest from packaging buyers.Worth a total of $425.4 billion in 2022; each of these have their own established places in the world market,but the need to implement more sustainable packaging strategies is pushing innovation and opening new higher-value applications.A dedicated new study from Smithers-The Future of Fibre-based Packaging to 2027-examines how multiple factors will interact to push worldwide demand to a value of $503.4 billion in 2027,equivalent to a compound annual growth rate(CAGR)of 3.4.Across the same period total weight of fibre packaging will increase from 264.4 million tonnes(2022)to 316.3 million tonnes(2027),a CAGR of 3.7.