Paper Packaging Market Size
With a value of around USD 379 billion in 2022 and expected to reach USD 565.1 billion by 2032, paper packaging market size Sustainable and environmentally friendly packaging options are in increasing demand as environmental issues keep becoming more important. For customers and companies trying to lower their environmental impact, paper packaging is renewable, recyclable, and biodegradable. Rising knowledge of plastic pollution and its effects on the environment fuels a worldwide campaign for less plastic use.
Because paper packaging offers safe and hygienic storage for both perishable and non-perishable goods, the food and beverage sector is a major consumer of it. Food companies make extensive use of paper-based packaging materials including cups, bags, and paperboard boxes.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Paper Packaging Market Size in 2022 | USD 379.0 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 4.1% |
| 2032 Value Projection | USD 565.1 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 150 |
| Tables, Charts & Figures | 191 |
| Segments covered | Raw Material, Product, Application, Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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In terms of moisture and water protection, paper packaging comes naturally short. This can be difficult, particularly in the food and beverage sector where goods must be kept dry and free from various outside contaminants. Paper has somewhat low barrier qualities against gasses, oils, and other chemicals when compared to several alternative packaging materials including metal and some polymers. Unlike more stiff packing materials, paper packaging can be more delicate and prone to damage during handling and shipping. Consequently, the hazards related to paper packaging could lower the acceptance rate, so undermining the development of the paper packaging industry.
COVID-19 Impact
Lockdowns and physical retail limitations during the epidemic caused e-commerce activity to rise. Increased demand for paper packaging used in shipping boxes, corrugated cartons, and protective packaging materials for online delivery followed from this. Paper packaging used in food containers, bags, and wraps became more in demand when cafes and restaurants switched to take-out and meal delivery systems. Therefore, it is expected that the lower COVID-19 cases and application of later policies by government and non-governmental groups will propel the rise of the industry.
Paper Packaging Market Trends
The growing attention on sustainable and environmentally friendly packaging solutions is one of the most important developments in the industry. Rising demand for paper-based packaging products results from consumers and companies both looking for renewable, recyclable, biodegradable packaging materials. Single-use plastics to paper-based substitutes show a clear change in view as knowledge of plastic pollution and its effects on the environment rises. Governments and companies are putting policies in place to cut plastic consumption, thereby generating chances for paper packaging to take part in several uses instead of plastic. Consequently, the increasing frequency should speed up the market share.
Paper Packaging Market Analysis
Product-based analysis of the paper packaging market divides it as new sources from recycled waste aper. By 2022 fresh sources will have a majority market value of USD 184.8 billion. The need for fresh sources as the main raw material for paper manufacturing is driven by the need for paper-based packaging solutions like cartons, bags, and corrugated boxes. Growing e-commerce has increased demand for corrugated boxes and packaging materials, which calls for large volumes of new materials. Moreover, growing use will speed the category revenue even more.
Application drives the paper packaging market to be divided as Folding Boxboard, Solid Unbleached Board, Solid Bleached Board, White Lined Chipboard, Containerboard. With a leading market share of around 40% in 2022 and predicted to rise at a profitable rate by 2032, folding board boxes hold Food, beverages, cosmetics, drugs, and personal care products are among the several consumer products packaged using folding boardbox extensively. Folding cartons maximize area for branding and appealing graphics, therefore improving customer appeal and product visibility.
Application-based segmentation of the paper packaging market yields Food & Beverages, Non-Durable Goods, Durable Goods, Medical. With a dominating market share in 2022, food and beverages are expected to rise at 3.8% CAGR by 2032. For food and beverage products, paper packaging provides a wide spectrum of solutions including cartons, bags, wraps, and boxes, therefore giving consumers ease for storage and on-the-go consumption. Thus, it is expected that the high-quality services and increasing use of paper packaging at food outlets will hasten the corporate environment.
U.S. paper packaging market exceeded USD 107.2 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032. The rapid expansion of the e-commerce sector in North America has driven a significant increase in demand for paper-based packaging materials, including corrugated boxes, mailers, and protective packaging, to support the shipping and delivery of products ordered online. Thus, the above-mentioned variables would augment the business growth in the North America positively.
Paper Packaging Market Share
Some of the major market players operating in the paper packaging market are
- Nippon Paper Industries Co
- Stora Enso
- South African Pulp & Paper Industries
- Mondi plc
- ITC Limited
- Smurfit Kappa Group
- Oji Holding Corporation
- International Paper Group
- Svenska
- Cellulosa Aktiebolaget.
These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
Paper Packaging Industry News
- In May 2021, Ortho Clinical Diagnostics announced the launch of ORTHO VISION Swift and ORTHO VISION Max Swift Analysers. These analysers provide enhanced Paper packaging and offers labs with more processing power, enhanced responsiveness, and advanced data security to ensure fast, accurate, and reliable test results. This innovative product launch helped the company to increase their product portfolio and enhance their business revenue.
- In March 2021, Bio-Rad Laboratories, Inc. announced a strategic partnership with Roche for providing InteliQ products Unity QC data management solutions to customers worldwide. These products and solutions offer a wide range of blood screening capabilities including immunoassay, chemistry, cardiac assessment, immunology, diabetes, coagulation, etc. This strategic partnership helped the company to increase their customer base and gain a competitive edge over its peers.
Paper packaging market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units from 2018 to 2032, for the following segments
Market, By Raw Material
- Fresh sources
- Recycled waste paper
Market, By Product
- Folding Boxboard
- Solid Unbleached Board
- Solid Bleached Board
- White Lined Chipboard
- Containerboard
Market, By Application
- Food & Beverages
- Non-Durable Goods
- Durable Goods
- Medical
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Indonesia
- Malaysia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Egypt
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