Paper And Paperboard Packaging Market Overview:
Global Paper and Paperboard Packaging Market size and share is currently valued at USD 229.80 Billion in 2024 and is anticipated to generate an estimated revenue of USD 337.41 Billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 4.9% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 – 2032
Paper and Paperboard Packaging – Key Market Drivers
- Rising consumer preference for sustainable and recyclable packaging solutions.
- Increasing demand in e-commerce and food delivery sectors.
- Growing awareness of the environmental impact of plastic waste.
- Government policies encouraging the use of biodegradable and renewable materials.
- Advancements in lightweight and durable paperboard packaging designs.
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Paper and Paperboard Packaging – Market Scope
The paper and paperboard packaging market caters to industries like food & beverages, healthcare, consumer goods, and e-commerce. Segmentation includes product type (corrugated boxes, cartons, wrapping paper), application (food packaging, retail, industrial), and geography. The market is driven by the global shift towards sustainable packaging alternatives to plastic. Its scope extends from lightweight, recyclable solutions for retail and e-commerce to durable industrial packaging. Technological advancements in paper-based solutions are further broadening its application areas.
Key Companies in Paper And Paperboard Packaging Market:
- Amcor Ltd.
- Cascades Inc.
- Clearwater Paper Corporation
- Colbert Packaging
- DS Smith Plc.
- Georgia-Pacific LLC
- ITC Ltd.
- Metsa Group
- Mondi Group
- Nippon Paper Industries Co., Ltd.
- Packaging Corporation of America
- RockTenn Company
- Sonoco Products Company
- Spartan Paperboard Company
- Stora Enso
Paper and Paperboard Packaging – Market Segmentation
The paper and paperboard packaging market is segmented by product type into corrugated boxes, cartons, wrapping paper, and others. Applications include food packaging, consumer goods, healthcare, and e-commerce. Regions covered are North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Paper and Paperboard Packaging Market, Grade Outlook (Revenue – USD Billion, 2019-2032)
- Solid Bleached Sulfate (SBS)
- Coated Unbleached Kraft Paperboard (CUK)
- Folding Boxboard (FBB)
- White Lined Chipboard (WLC)
- Glassine & Greaseproof Paper
- Label Paper
- Others
Paper and Paperboard Packaging Market, Type Outlook (Revenue – USD Billion, 2019-2032)
- Corrugated Box
- Boxboard
- Flexible Paper
Paper and Paperboard Packaging Market, Application Outlook (Revenue – USD Billion, 2019-2032)
- Food
- Beverage
- Healthcare
- Personal & Homecare
- Others
Paper And Paperboard Packaging Industry Developments:
- June 2024: Green Bay Packaging acquired SMC Packaging, a supplier of packaging materials, corrugated boxes, equipment, and displays. This acquisition aims to enhance Green Bay Packaging’s product portfolio and strengthen its market position.
- September 2023: Greif Inc. acquired a 51% stake in ColePak LLC, a paperboard packaging manufacturing company, to bolster its brand presence and expand its footprint across North America.
- July 2023: Pringles Crisps introduced a 90% recyclable paper fiber tube developed in collaboration with Fost Plus (LDC), Kellogg’s Belgian Engineering, and R&D teams. Backed by a USD 109 million investment, the innovative packaging technology is designed to produce over a billion sealed Pringles annually.
The paper & paperboard packaging market growth is mainly attributed to the growing efforts and measures taken by organizations and governments to control waste generation and magnify the circular economy. The drastic shift in climate patterns, driven by a significant uptick in greenhouse gas emissions from global industrialization and urbanization activities, is propelling the requirement for sustainable packaging solutions.