Packaging serves multiple functions, namely physical protection, product marketing, tamper evidence, theft protection, durability, and portion control. A lot of innovation has taken place in the realm of packaging allowing the packaging of products to witness advanced functionality and design.

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Fiber based packaging utilizes renewable, reusable or biodegradable materials in the process of product packaging. Fiber based packaging is used in primary, secondary and tertiary packaging. Fiber based packaging is widely being used in the chemicals, food & beverages and constructions industry. Stringent regulations levied on the packaging industry also call for more sustainable forms of packaging.

Due to the evident concern of global warming, we have witnessed a shift in the way consumers and manufacturers approach buying & manufacturing/selling of products respectively. As the demand for sustainable products has risen, the supply has also kept up. Manufacturers have widened their product portfolio to include sustainable products. This has led to the development of sustainable packaging. Fiber based packaging forms a major chunk of sustainable packaging.

COVID-19 Impact Analysis on Fiber Based Packaging Market

The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Fiber Based Packaging market is no exception. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.

Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Fiber Based Packaging market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.

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The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Fiber Based Packaging market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.

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Fiber Based Packaging Market: Segmentation

Based on the Product type, the Fiber based packagingmarket is segmented into:

Paper boards

Corrugated packaging

Industrial bags

Displays

Cushioning

Supports

Extrusion coatings

Release liners

Based on end use, the Fiber based packagingmarket is segmented into:

Chemicals

Food & Beverages

Consumer electronics

Construction

Others

Based on the discard process, the Fiber based packagingmarket is segmented into:

Recyclable

Reusable

degradable

Fiber Based Packaging Market: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Fiber Based Packaging market. Competitive information detailed in the Fiber Based Packaging market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Fiber Based Packaging market report.

Key players covered in the report include:

Evergreen packaging, Omya AG, Orora Packaging Australia Pty Ltd, Stora Enso AB, Huthamaki Group, UFP Technologies, Inc., Bumaga BV, Oji Fibre solutions, Westrock Company, Ahlstrom Corporation.

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Important Questions Answered in the Fiber Based Packaging Market Report

Which end user remains the top revenue contributor in different regional markets?

At what rate has the global Fiber Based Packaging market been expanding during the forecast period?

How will the global Fiber Based Packaging market look like by the end of the forecast period?

What innovative strategies are adopted by Fiber Based Packaging market players to stay ahead of the pack?

What are the restraints affecting the growth of the global Fiber Based Packaging market?

Key Offerings of the Report

Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets

Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.

Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis

Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions

Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Fiber Based Packaging market

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