December 15, 2023
(press release)
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The global micro flute paper market size is expected to surge at a CAGR of 5.1% during the forecast period 2023 to 2033. The market value is projected to increase from
The total sales of micro flute paper were valued at
E flute micro flute papers, occupying around 2/3rd of the market, are anticipated to dominate the global micro flute paper industry based on product type. The segment is expected to rise at a CAGR of about 4.9% over the forecast period. The market for micro flute paper is expected to experience a lucrative growth outlook during the assessment period. A new estimation predicts that sales of the micro flute paper market will rise from 2023 to 2033 and are projected to create a total financial potential of
Micro Flute Paper Market Trends and Analysis Rising demand for lightweight and recyclable packaging solutions amid growing awareness of environmental pollution is a leading trend. The booming e-commerce industry is projected to augment demand as it requires affordable packaging materials with lightweight properties. The surging demand for customized and creative packaging designs among marketers and brand owners with advancements in printing technology would drive growth. Surging consumer spending, changing lifestyles, and rapid urbanization are anticipated to propel the packaging sector. Companies are expected to print high-quality graphics on micro flute paper to provide unique products, convey apt brand messages, and enhance visibility Key Dynamics of Micro Flute Paper Market Increasing Demand for
Retail-ready packaging (RRP), shelf-ready packaging (SRP), and point-of-purchase (POP) displays are increasingly being preferred in supermarkets, hypermarkets, and retail stores. Products that are packed in SRP or RRP can be easily placed without the need for additional packaging or repackaging, and hence, it proves to be cost-effective. Eye-catching product presentation through SRP enhances the visibility of the product. It helps to increase sales of the product by around 70%, as it is a complete approach for the replenishment of the shelf and improvement in supply chain efficiency. Retail-ready packaging is manufactured from micro fluted corrugated paper shipping boxes, which have less thickness but high rigidity. Most of the RRP packaging consists of E, F, or N-type flute, which has a good printing surface quality and caters to most end-users. Owing to several benefits, such as lightweight packaging and superior surface quality, the increasing demand for SRP or RRP is anticipated to drive growth in the global micro flute paper market. Country-wise Insights Food and Beverage Firms in
The growth of the micro flute paper market will likely increase at a CAGR of 5.1% during the forecast period in
The growth is mainly driven by the consistent packaging innovations in the food & beverage industry across
For instance, in a study conducted by the
Corrugated Paperboard Demand Surges in
The growth is mainly in conjecture with the flourishing food & beverage industry in
The government of
E-commerce Boom in
The demand for micro-corrugation paper in
As per the
Canada Shows High Demand for Eco-friendly Paper from Retail Sector The growth of the micro flute paper market will likely increase at a CAGR of 4.9% during the forecast period in
Ongoing expansion of the retail sector in
Recycling Infrastructure in
Consumers across
Competitive Landscape The global micro flute paper market is highly competitive, with the top players accounting for only 8 to 12% of the share. In order to maintain their position and gain a competitive edge in the market, key players are implementing several strategies. They are expanding their reach globally, diversifying their product portfolio, upgrading their supplier & distributor networks, and making rapid product developments. Their actions are not only helping the key players maintain their market share but are also creating a ripple effect that is shaping the entire industry. With a highly competitive paper market, the pressure is on manufacturers to constantly innovate and improve their products, which is driving advancements in the micro flute paper business. The implementation of growth strategies by key companies is resulting in a highly competitive and innovative industry. It is helping to deliver more advanced and sustainable packaging solutions for consumers worldwide. Paperboard Packaging Market Developments In
In
In
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