Fiber-based Packaging Market Size and Companies
The global fiber-based packaging market size reached US$ 377.12 billion in 2023 and is projected to hit around US$ 566.88 billion by 2034, expanding at a CAGR of 3.85% during the forecast period from 2024 to 2034.
Fiber-based Packaging Trends in Asian Countries
- In July 2024, China Consumers Association (CCA), China's e-commerce industry had strong growth, which fueled a rebound in consumption. According to official data, H1 online retail sales increased 9.8% year over year to 7.1 trillion yuan (-~US$996 billion), with retail sales of goods reaching 5.96 trillion yuan, an 8.8% YoY increase.
- Chinese e-commerce platforms teamed up to provide recycling services for over 300 product categories and trade-in services for over 400,000 products. Sales of TVs, refrigerators, washing machines, and cell phones increased by 82.1 percent, 70.4 percent, 63.9 percent, and 54.3 percent, respectively, because of trade-in services on popular e-commerce sites.
- Furthermore, for instance, in November 2024, In order to promote bamboo as an environmentally friendly alternative to plastics, China's National Development and Reform Commission, state agency, and three central government agencies created a three-year action plan. Priority actions, action objectives, and supporting measures are all outlined in the action plan. By creating an industrial system based on bamboo substitutes and encouraging collaborative development along the whole supply chain—including deep processing bamboo materials, designing and producing bamboo products, and increasing market use—it also aims to lessen plastic pollution.
Global Fiber-based Packaging Market Companies
- UFP Technologies Inc.
- Bumaga BV
- Oji Fibre Solutions
- WestRock Company
- Ahlstrom Corporation
- Sonoco Products Company
- Pratt Industries Inc.
- KapStone Paper and Packaging Corp.
- Mayr-Melnhof Karton AG
- Rengo Co. Ltd.
- Mondi Group
- AR Packaging Group AB
- BillerudKorsnäs AB
- USA Corrugated Inc.
- ESCO Technologies Inc.
- Brodrene Hartmann A/S
- International Paper Company
- Smurfit Kappa Group PLC
- Georgia-Pacific LLC
Latest Announcements by Fiber-based Packaging Industry Leaders:
According to VTT Vice President of Biomaterial Processing and Products Atte Virtanen, it was states that with the support of over 50 industry partners, to initiate new project for sustainable packaging solutions which is a crucial step towards more competitive and sustainable fiber-based goods and has the potential to have a significant impact. The idea of one-on-one commercial projects with businesses and packaging industries that spur innovation in the manufacturing of energy-efficient paper boards was the aim of the project.
VTT's mission is to bridge the gap between science, technology, business, and people in order to create a sustainable future.
The sustainability program will create a new, cutting-edge open-access pilot line in Jyväskylä, Finland, and has a budget of about 20 million euros (US$ 21 million) up till 2028. The goal of the cooperative study is to create and evaluate sustainable, economically feasible substitutes for non-woven textiles, hygiene products, and fiber packaging.
New Advancements in Fiber-based Packaging Industry
- In November 2024, Ranpak Holdings Corp., packaging company, revealed the introduction of the recyclable fiber manufactured from grass and recycled paper fibres.
- In September 2024, Nefab India Private Ltd., packaging company, revealed the introduction of its new range of fiber-based packaging solutions and digital services at FACHPACK 2024, European trade fair for packaging.
- In June 2024, Yangi, packaging company has unveiled a novel fiber-based container lid for dry and ambient food goods. It is composed entirely of renewable materials and was created to satisfy consumers' increasing demand for eco-friendly products.
- In August 2024, Versuni, consumer electronics company and DS Smith, packaging company signed collaborated to develop a novel fiber-based packaging solution using recycled materials for the Philips Baristina coffee maker. In order to avoid external flaws, the packaging additionally includes corrugated buffers coated with a cutting-edge anti-scratch material. Versuni's Philips Baristina coffee maker's packaging solution was evaluated for overall performance and environmental effects using DS Smith's Circular Design Metrics (CM) tool.
