Global Paper Packaging Materials Market: Ban on Lightweight Plastic Bags to Propel Market at 4.4% CAGR 2013-2019
According to a recent market research report published by Transparency Market Research, the global paper packaging materials market is expected to expand at a CAGR of 4.4% during the period between 2013 and 2019. The report, titled “ Paper Packaging Materials Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 ,” projects the global paper packaging materials market to reach a valuation of US$344.4 bn by 2019. The overall market was worth US$254.8 bn in 2012. In terms of volume, the demand for paper packaging stood at 181.48 bn tons in 2012. Paper packaging materials are witnessing high demand across the pharmaceutical, food and beverages, and cosmetics industries. Several materials such as cardboard, Kraft paper, recycled paper, and cartridge paper are used as paper packaging materials. The report points out that the growing demand for flexible packaging across the emerging BRIC markets will propel the growth of the global paper pac...