The paper and paperboard packaging market has witnessed significant growth due to increasing environmental concerns and the shift towards sustainable packaging solutions. The rising demand for recyclable and biodegradable materials, coupled with stringent regulations against plastic packaging, has fueled industry expansion. Key applications include food & beverage packaging, consumer goods, and e-commerce. However, challenges such as deforestation and fluctuating raw material costs may impact the industry. Investments in recycled paper solutions and advanced packaging technologies are shaping future growth.
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 Trends & Drivers
- Growing Demand for Sustainable Packaging – Rising environmental concerns and bans on plastic packaging are driving demand.
- E-commerce Boom – The rapid growth of online shopping is increasing the need for durable and lightweight packaging.
- Advancements in Recycling Technologies – Innovations in recycling and biodegradable packaging solutions are shaping market trends.
- Stringent Government Regulations – Policies promoting eco-friendly packaging solutions are accelerating market expansion.
- Increasing Demand in Food & Beverage Industry – Rising preference for biodegradable and food-safe packaging materials boosts market growth.
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
Growth Factors:
• Market dynamics:All the key factors and major developments anticipated to boost the growth of the market are covered in the study.
• Technological evolution:The report offers a thorough understanding of the emerging technologies that can influence the Paper And Paperboard Packaging market demand.
• Innovation pathways: The study covers where innovations can take the market in the mid to long term.
Browse Full Insights:
https://www.polarismarketresearch.com/industry-analysis/paper-and-paperboard-packaging-market
The Geographical Analysis Covers Following Key Regions:
• North America (United States, Canada, and Mexico)
• Europe (Germany, France, United Kingdom, Russia, Italy, and the Rest of Europe)
• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• South America (Brazil, Argentina, Colombia, and the rest of South America)
• The Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa, and the Rest of the Middle East and Africa)
Paper And Paperboard Packaging Market Segmentation:
Paper and paperboard packaging is segmented by product type, grade, application, and region. By product type, it includes boxes, cartons, and wraps. By grade, the market is divided into coated and uncoated paperboard. By application, key sectors include food & beverages, personal care, and healthcare. By region, North America and Europe dominate, with Asia-Pacific experiencing rapid growth.
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, to enhance its product offerings and market presence.
- September 2023: Greif Inc. acquired a 51% stake in ColePak LLC, a packaging paperboard manufacturing company, to strengthen its brand presence in North America.
- July 2023: Pringles Crisps, in collaboration with Fost Plus (LDC), Kellogg’s Belgian Engineering, and R&D teams, developed a 90% recyclable paper fiber tube. With a USD 109 million investment, this innovation aims to produce over a billion sealed Pringles annually.
More Trending Latest Reports By Polaris Market Research: