With the increase demand from the pharmaceuticals and food and beverages sector globally, there has been a significant rise in the adoption of micro flute papers. Manufacturers are currently concentrating on reducing thickness and increasing strength to let the micro flute papers find employment in heavyweight packaging industries, and the food and beverage industry is anticipated to remain a key end-user of micro flute paper and see an expansion of about 1.7x of its current market value over the next few years. Consequently, the market is projected to gain significant traction over the forecast period.
Global micro flute paper market was valued at USD 4.39 billion in 2021 and is expected to reach USD 6.34 billion by 2029, registering a CAGR of 4.70% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
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Some of the major players operating in the micro flute paper market are
- 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)
Global Micro Flute Paper Market Scope
The micro flute paper market is segmented on the basis of product, type, basic weight, material, and end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- E Flute
- F Flute
- N Flute
- D Flute
Type
- Corrugated Tray
- Corrugated Folding Carton
- Corrugated Pot
- Others
Basic Weight
- Upto 100 GSM
- 100 TO 175 GSM
- 175 TO 250 GSM
- Above 250 GSM
Material
- Virgin
- Recycled
End-Use
- Food and Beverages
- Medical and Pharmaceuticals
- Personal Care
- Consumer Durable Electronics Goods (CDEG)
- Others
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Micro Flute Paper Market Regional Analysis/Insights
The micro flute paper market is analyzed and market size insights and trends are provided by country, product, type, basic weight, material, and end-use as referenced above.
The countries covered in the micro flute paper market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the micro flute paper market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the product's rising usages as it offers corrosion resistance property and increases the product's shelf life within the region.
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