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In 2022, the total value of the global micro flute paper market was estimated at $66.87 billion. The market is expected to increase at a CAGR of 6.8% from USD 70.56 billion in 2022 to USD 104.35 billion by 2030. Demand for micro flute paper is lower than expected across all regions because to the unprecedented and overwhelming global COVID-19 outbreak.
Micro flute sheets' widespread use can be attributed to their increasing popularity in the pharmaceutical and food and beverage industries. Micro flute paper is expected to continue to grow at a rate of about 1.7x its current market value over the next few years, with manufacturers focusing on reducing thickness and increasing strength to allow the papers to find employment in heavyweight packaging industries. As a result, the market is expected to grow substantially in the next years.
Major players in the international micro flute paper industry are constantly working to improve recycling initiatives and cut down on wasteful carbon emissions. In addition to helping packaging makers achieve their environmental goals, micro flute paper provides a viable alternative to non-recyclable packaging materials. As people become more aware of their impact on the environment, there has been an increase in the need for eco-friendly packaging. Because of its low weight, biodegradability, and recyclable nature, micro flute paper is a good choice for enterprises concerned with their environmental impact. Manufacturing waste is minimised because of the material's composition, which includes both recycled paper and virgin fibre. Companies that are concerned with environmental impact can benefit greatly from using micro flute paper because it is a renewable resource.
Wrapping food in containers with micro flute paper, also called plastic wrap, food wrap, saran wrap, and stretch film, creates a watertight barrier while keeping in moisture and odours. Micro flute sheets are high-quality food wrap films that prevent food from going bad, shield it from pests and bacteria, and lengthen its shelf life, thus reducing food waste.
People have shown an interest in making online purchases. The demand for eco-friendly packaging is projected to be affected by the rise in sales of this type of packaging. Consumers value packaging that includes clear directions. BillerudKorsnäs conducted a study on corrugated packaging and found that shoppers' demands for more information on packaging and recycling had led to significant shifts in consumer behaviour in the United Kingdom. In addition, logistics service providers are interested in fit-to-product because it allows them to produce customised secondary packaging based on product size, so making better use of the available area for warehousing and shipping containers. However, the prohibition on plastic packaging in a number of nations has opened up a significant market for both established and nascent players in the packing sector. End-users will be encouraged to use micro flute products due to environmental concerns, government limits on the use of plastic packaging, and the eco-friendliness of flute sheets. As a result, the future holds great promise for this market's growth.
Some elements that operate as obstacles to the growth of the micro flute market include government laws, the exploitation of natural resources, and the durability of micro flute paper. Furthermore, many trees are used in the creation of virgin micro flute paper. Carbon dioxide, methane, and water vapour are only some of the greenhouse and hazardous gases released during production. As a result, governments have put strict rules on the harvesting of trees and the making of paper. As a result, the concerns mentioned above have the potential to slow down the micro flute paper market.
Report Coverage
Global Micro Flute Paper research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Micro Flute Paper report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Micro Flute Paper competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Micro Flute Paper market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Micro Flute Paper market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Micro Flute Paper market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
DS Smith (U.K.), Smurfit Kappa (Ireland), MM Packaging GmbH (Austria), Robert Bosch GmbH (Germany), Stora Enso Oyj (Finland), WestRock Company. (U.S.), Novolex (U.S.), Acme Box Co. Inc. (U.S.), CASCADES SONOCO (U.S.), Braepac Packaging (U.K.), Netpak (Canada), KRPA Holding (Czechia), AlKifah Paper Products (Saudi Arabia), Huhtamaki Oyj (Finland), Berry Plastic Corporation (U.S.), Ball Corporation (U.S.), Genpak, LLC (U.S.), Union packaging (U.S.), Tetra Pak International S.A. (Switzerland), Coesia S.p.A. (Italy)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Micro Flute Paper market based on the below-mentioned segments:
Global Micro Flute Paper Market, By Type
Corrugated Tray
Corrugated Folding Carton
Corrugated Pot
Other
Global Micro Flute Paper market, By Application
Transportation and Logistics
Food and Drinks
Pharmaceuticals
Electronics
Agriculture
Household and Personal Care
Other
Global Micro Flute Paper Market, By Flute Size
N Flute
F Flute
G Flute
E Flute
Global Micro Flute Paper market, Regional Analysis
Micro flute sheets' widespread use can be attributed to their increasing popularity in the pharmaceutical and food and beverage industries. Micro flute paper is expected to continue to grow at a rate of about 1.7x its current market value over the next few years, with manufacturers focusing on reducing thickness and increasing strength to allow the papers to find employment in heavyweight packaging industries. As a result, the market is expected to grow substantially in the next years.
Major players in the international micro flute paper industry are constantly working to improve recycling initiatives and cut down on wasteful carbon emissions. In addition to helping packaging makers achieve their environmental goals, micro flute paper provides a viable alternative to non-recyclable packaging materials. As people become more aware of their impact on the environment, there has been an increase in the need for eco-friendly packaging. Because of its low weight, biodegradability, and recyclable nature, micro flute paper is a good choice for enterprises concerned with their environmental impact. Manufacturing waste is minimised because of the material's composition, which includes both recycled paper and virgin fibre. Companies that are concerned with environmental impact can benefit greatly from using micro flute paper because it is a renewable resource.
Wrapping food in containers with micro flute paper, also called plastic wrap, food wrap, saran wrap, and stretch film, creates a watertight barrier while keeping in moisture and odours. Micro flute sheets are high-quality food wrap films that prevent food from going bad, shield it from pests and bacteria, and lengthen its shelf life, thus reducing food waste.
People have shown an interest in making online purchases. The demand for eco-friendly packaging is projected to be affected by the rise in sales of this type of packaging. Consumers value packaging that includes clear directions. BillerudKorsnäs conducted a study on corrugated packaging and found that shoppers' demands for more information on packaging and recycling had led to significant shifts in consumer behaviour in the United Kingdom. In addition, logistics service providers are interested in fit-to-product because it allows them to produce customised secondary packaging based on product size, so making better use of the available area for warehousing and shipping containers. However, the prohibition on plastic packaging in a number of nations has opened up a significant market for both established and nascent players in the packing sector. End-users will be encouraged to use micro flute products due to environmental concerns, government limits on the use of plastic packaging, and the eco-friendliness of flute sheets. As a result, the future holds great promise for this market's growth.
Some elements that operate as obstacles to the growth of the micro flute market include government laws, the exploitation of natural resources, and the durability of micro flute paper. Furthermore, many trees are used in the creation of virgin micro flute paper. Carbon dioxide, methane, and water vapour are only some of the greenhouse and hazardous gases released during production. As a result, governments have put strict rules on the harvesting of trees and the making of paper. As a result, the concerns mentioned above have the potential to slow down the micro flute paper market.
Report Coverage
Global Micro Flute Paper research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Micro Flute Paper report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Micro Flute Paper competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Micro Flute Paper market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | DS Smith (U.K.), Smurfit Kappa (Ireland), MM Packaging GmbH (Austria), Robert Bosch GmbH (Germany), Stora Enso Oyj (Finland), WestRock Company. (U.S.), Novolex (U.S.), Acme Box Co. Inc. (U.S.), CASCADES SONOCO (U.S.), Braepac Packaging (U.K.), Netpak (Canada), KRPA Holding (Czechia), AlKifah Paper Products (Saudi Arabia), Huhtamaki Oyj (Finland), Berry Plastic Corporation (U.S.), Ball Corporation (U.S.), Genpak, LLC (U.S.), Union packaging (U.S.), Tetra Pak International S.A. (Switzerland), Coesia S.p.A. (Italy) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Micro Flute Paper Market from 2021 to 2030.
- Market Forecast for Micro Flute Paper Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Micro Flute Paper competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Micro Flute Paper
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Micro Flute Paper market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Micro Flute Paper market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
DS Smith (U.K.), Smurfit Kappa (Ireland), MM Packaging GmbH (Austria), Robert Bosch GmbH (Germany), Stora Enso Oyj (Finland), WestRock Company. (U.S.), Novolex (U.S.), Acme Box Co. Inc. (U.S.), CASCADES SONOCO (U.S.), Braepac Packaging (U.K.), Netpak (Canada), KRPA Holding (Czechia), AlKifah Paper Products (Saudi Arabia), Huhtamaki Oyj (Finland), Berry Plastic Corporation (U.S.), Ball Corporation (U.S.), Genpak, LLC (U.S.), Union packaging (U.S.), Tetra Pak International S.A. (Switzerland), Coesia S.p.A. (Italy)
Primary Target Market
- Market Players of Micro Flute Paper
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Micro Flute Paper market based on the below-mentioned segments:
Global Micro Flute Paper Market, By Type
Corrugated Tray
Corrugated Folding Carton
Corrugated Pot
Other
Global Micro Flute Paper market, By Application
Transportation and Logistics
Food and Drinks
Pharmaceuticals
Electronics
Agriculture
Household and Personal Care
Other
Global Micro Flute Paper Market, By Flute Size
N Flute
F Flute
G Flute
E Flute
Global Micro Flute Paper market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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