Paper & Paperboard Packaging Market Size is estimated to grow at a CAGR of 4.5% during the forecast period

 

During the projected period of 2022–2030, the global paper & paperboard packaging market is anticipated to expand at a compound annual growth rate (CAGR) of 4.5%.

Packaging made of thick paper-based materials such as bamboo, straws, and other non-wood sources are included in the category of paper and paperboard. The packaging labels, boxes, packaging cartons, magazines, and cardboard boxes are all made from these lightweight, adaptable materials that are also used to wrap and pack goods. These are also easily moldable, cuttable, and formable.

 

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Healthcare, food and beverage, electronics, construction, education, freight & carrier personal care, and home care are just a few of the industries where paper and paperboard packaging solutions are used.

Growth Drivers:

The market is being driven primarily by the following factors: the increasing demand for environmentally friendly packaging across a variety of end-user industries; the increasing number of strict regulations against plastic-based packaging products; the growing consumer awareness of the sustainability and recyclability of paper and paperboard packaging; and the rapidly escalating environmental problems of landfills and deforestation.

Due to their affordability and portability, cardboard packaging is also often used by e-commerce businesses for secondary and tertiary packing.  In the coming years, the worldwide paper & paperboard packaging market will have tremendous growth potential due to the e-commerce industry's explosive rise.

However, it is projected that over the forecast period, the expansion of the worldwide paper & paperboard packaging market would be somewhat constrained by the rising competition from flexible plastic packaging and the rising number of small and medium scale producers and converters.

Paper & Paperboard Packaging Market Segmentation:

By Grade:

·         Solid Bleached Sulfate (SBS)

·         Coated Unbleached Kraft Paperboard (CUK)

·         Folding Boxboard (FBB)

·         White Lined Chipboard (WLC)

·         Glassine & Greaseproof Paper

·         Label Paper

·         Others

 

By Type:

·         Corrugated Box

·         Boxboard

·         Flexible Paper

 

By Application:

·         Food & Beverage

·         Healthcare

·         Personal & Homecare

·         Others

 

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

 

Key Companies in Paper & Paperboard Packaging Market:

·         ITC Ltd.

·         Cascades Inc.

·         International Paper

·         WestRock Company

·         Mondi Group

·         Nippon Paper Industries Co. Ltd.

·         Georgia-Pacific LLC

·         Spartan Paperboard Company

·         Stora Enso Oyj

·         Sonoco Products Company

·         Colbert Packaging

·         DS Smith

·         Amcor Ltd.

·         RockTenn Compan

·         Clearwater Paper Corporation

·         Packaging Corporation of America

·         DS Smith Plc.

·         Mondi Group

·         Metsa Group

·         Other Players

 

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xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

                                   

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