Latest News- Paper Packaging Market in Brazil: Corrugated boxes is expected to lead the Product segment during 2024-2028
The Paper Packaging Market in Brazil is being driven by Environmental benefits associated with paper and paperboard containers
The Paper Packaging Market in Brazil is expected to grow at a CAGR of 4.2% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 3728.3 million. The paper packaging market in Brazil has experienced robust growth since its inception in 2020, driven by technological advancements in the realm of smart packaging. Integrating sensor technology and the Internet of Things (IoT), smart packaging enhances product value and quality. In 2023, this innovation enables real-time monitoring of product freshness, quality, and safety for industries such as food and beverage, and healthcare. Key developments, including microsensors, printed electronics, authentication platforms, and IoT, have significantly contributed to this market expansion. Smart packaging empowers enterprises with valuable product-related information, enabling informed decisions regarding inventory management and consumer safety.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Product (Corrugated boxes, Paper bags and sacks, Folding boxes and cases, Liquid paperboard cartons, Others) End-user (Food, Beverages, Healthcare, Personal care and home care, Others) Geography (South America).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Paper Packaging Market in Brazil Research Report
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The Brazilian paper packaging market is witnessing significant growth due to the rise of online shopping and food deliveries. Secondary and tertiary packaging in paper-based materials, such as paperboard cartons, bags, and cups, are in high demand for eco-friendly and sustainable options. Recycled and virgin paper, as well as biodegradable and moisture-resistant materials, are popular choices. Customizable packaging is also gaining traction as a plastic alternative. The Single-Use Plastics Directive has increased the demand for recyclable and recycled paper, while transit packaging and food packaging also utilize paper-based materials. Folding Boxboard and Solid Unbleached Board are commonly used in this industry.
The Brazilian paper packaging market is a significant segment within the global paper and plastic packaging products and materials industry. Paper packaging offers numerous advantages, including lightweight, biodegradability, and recyclability, making it an ideal choice for protecting, preserving, and transporting various goods. This market encompasses a range of products such as packaging boards, kraft paper, and other packaging papers. In the context of online shopping and food deliveries, paper-based packaging solutions have gained traction due to their eco-friendliness using recyclable materials and biodegradable or sustainable alternatives. The food and beverage sector, in particular, benefits from paper packaging's ability to maintain product freshness and quality while reducing environmental impact.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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