Paper & Paperboard Segment is Projected to Witness Significant Growth in Eco-friendly Food Packaging Market

The Eco-friendly Food Packaging Market is projected to reach $249.5 billion by 2025, at a CAGR of 7.4%.

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The shift in consumer preferences toward recyclable and eco-friendly materials is driving the market for eco-friendly food packaging globally.

By material, the paper & paperboard market is segmented into corrugated box, boxboard, rigid box, folded boxes, trays, flexible packaging, paper bags, shipping bags, and sachet/pouches. The packaging of products differs for the type of foods and beverages served.

Paper & paperboards are the most preferred packaging in the food & beverage industry due to its degradable nature and recyclable property. Ready-to-eat, on-the-go, and frozen & fresh foods are nowadays served and transported in the paperboard packaging, which is due to the rise in environmental hazards. Rigid boxes are preferred for transportation. However, fresh products are served inflexible and molded paper & paperboards.

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Some key players are Amcor (Australia), Mondi Group (Austria), Sealed Air Corporation (US), Ball Corporation (US), Tetra Pak (Sweden), Crown Holding Inc. (US), BASF (Germany).