The global micro flute paper market is anticipated to reach a valuation of US$ 2,658 million in 2023. It is projected to exhibit a CAGR of around 5.1% during the estimated period 2023 to 2033. The market is set to attain a valuation of about US$ 4,370 million by 2033.
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Consumer Preference for Lightweight and Biodegradable Packaging Drives Sales
Micro flute paper packaging is replacing traditional packaging made from metal and plastic. Packaging that contains metal or plastic imposes extra costs on manufacturers and end-users. Additionally, such packaging materials have a high carbon impact. Compared to this, micro flute paper is the ideal packaging material as it is produced from a biodegradable material that has negligible carbon footprints.
Several manufacturers and end-users are increasingly demanding sustainable, easy-to-reuse, and lightweight packaging. Owing to its several benefits, lightweight micro flute paper packaging is capturing the attention of manufacturers from several industries.
The demand for lightweight micro flute paper packaging among end-users is also increasing as it saves energy and the overall cost during production, and it is easy to recycle. Micro flute paper packaging continues to perform well in a handful of packaging applications, such as bakery, dairy products, ready-to-eat, and on-the-go food packaging. The food & beverage industry strives to rack up the shelves with products that weigh less by using micro flute packaging materials.
Key Takeaways from the Micro Flute Paper Market Report-
- Sales of the micro flute paper will rise from 2023 to 2033 and are projected to create a total financial potential of US$ 1,844.3 million.
- E flute micro flute papers, occupying around 2/3rd of the market, are anticipated to dominate the global micro flute paper industry based on product type.
- The growth of the micro flute paper market will likely increase at a CAGR of 5.1% during the forecast period in the United States.
- India’s micro flute paper industry is estimated to showcase a CAGR of 6.9% in the assessment period.
- China’s micro flute paper industry is expected to witness a CAGR of around 6.6% from 2023 to 2033.
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Micro Flute Paper Industry Outlook by Category
By Product:
- D Flute
- E Flute
- F Flute
- N Flute
By Basis Weight:
- Up to 100 GSM
- 100 to 175 GSM
- 175 GSM to 250 GSM
- Above 250 GSM
By Material:
- Virgin
- Recycled
By End-use:
- Food & Beverages
- Medical & Pharmaceuticals
- Personal Care
- Consumer Durable Electronic Goods
- Others
By Region:
- North America
- Latin America
- East Asia
- South Asia
- Europe
- Oceania
- Middle East & Africa