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 develop at a compound annual growth rate (CAGR) of 4.5%.

Thick paper-based materials extracted from pulp derived from wood and non-wood sources, such as bamboo, straws, and others, are used to make paper and paperboard packaging. These materials are lightweight and multipurpose; they are used to create cardboard boxes, magazines, labels, and packaging cartons, as well as to wrap and pack things. Additionally, these are easily shaped, sliced, and molded.

 

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Growth Drivers:

The market is growing primarily due to the following factors: the burgeoning need for recycled and sustainable packaging across a range of end-user industries; the intensifying demand for environmentally friendly packaging; the growing number of strict regulations against plastic-based packaging products; the growing consumer awareness of the sustainability and recyclability of paper and paperboard packaging; the rapidly increasing environmental issues of landfills and packaging material degradation; the growing trend away from plastic paper & paperboard packaging due to its sustainable nature; the rapidly growing packaged food industry; and the high global dependence of consumers on convenient foods.

Additionally, because cardboard packaging is inexpensive and lightweight, e-commerce enterprises use it extensively for secondary and tertiary packing needs.  The world's e-commerce sector is expanding quickly, and in the next years, this will present the global paper and paperboard packaging market with a plethora of potential opportunities.

Additional factors that are anticipated to support the growth of the global paper & paperboard packaging market during the forecast period include the expanding market for waste or recovered paper, the world's growing industrialization, the growing consumer awareness of the negative effects of non-biodegradable materials, the rise in disposable income, particularly in developing nations, the expansion of supermarkets and hypermarkets, and the proliferation of online shopping, particularly because of its easier return policies, faster delivery, and free shipping.

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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