The global Paper Packaging market is anticipated to increase at a 4.1% CAGR to reach value US$ 463.3 Bn in 2028
.jpg "The Global Paper Packaging Market 2022-2028 (USD Billion)")
Paper packaging is basically an adaptable way of packaging which uses paper for maintainable transportation and safety of goods. Paper packaging comprises materials that related to Kraft paper Kraft paper, recycled paper, cartridge paper, cardboards, etc. This Paper is 100% eco-friendly, compostable, and recyclable. The material used for paper packaging is easily customizable, strong, light in weight which adds an advantage to customer preference.
Advantages of paper packaging:
- Recyclable
- Easy to print on
- Cheap to produce
- Lightweight
- Can be coated
The rising demand for eco-friendly products, is a major factor that has been growing the progress of global paper packaging market. The increasing awareness among manufacturers regarding the aids of paper anticipated to have a positive effect on the growth of the global paper packaging market.
The global paper packaging market is basically segmented into seven major regions on the base of geography, such as Latin America, North America, Western Europe, Asia Pacific, Eastern Europe, Japan, and Middle East and Africa. North America is estimated to account for a key share of global paper packaging market in upcoming years. Asia Pacific is anticipated to be the fastest leading market in the global paper packaging market. On the basis of region, China is accounted to contribute a key share of the global paper packaging market share in upcoming years.
Likewise, By Application type, global paper packaging market is sub-segmented into Healthcare, Food, Personal & Homecare, Beverages and others. By Grade, paper packaging market is sub-segmented into Folding Box Board, Solid Bleached Sulfate, Coated Unbleached Kraft, ),Label Paper ,White Line Chipboard, Greaseproof Paper and Others.
Because of demand of high class paper types like fine paper, recycling of paper is not proper which intensifies the requirement for virgin paper. Growth in per capita revenue of individuals and vendors promoting the usage of Kraft paper bags and this factor also driven the global growth of the industry.
Global Paper Packaging Market: Current trends
- Increasing logistical efficiency
- Increasing recycling rate
Global Paper Packaging Market: Key players
- Packaging Corp. of America
- Westrock
- Amcor Ltd.
- DS Smith
- International paper company
- Tetra Pak.
- Sappi Ltd.
- Clearwater Inc.
- Kapstone
- Reynolds Groups holding ltd.
Paper Packaging Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2028 |
| Study Period | 2018-2028 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2028 | US$ 463.3 Bn |
| Growth Rate | CAGR of 4.1% during 2018-2028 |
| Segment Covered | By Product, By grade, By Application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Key Players Profiled | DS Smith PLC, Georgia-Pacific Corporation, Holmen AB, Hood Packaging Corporation, International Paper Company, MeadWestvaco Corporation, OJI Holding Corporation, Smurfit Kappa Group Plc, Stora Enso Oyj, The Mayr-Melnhof Group, Sonoco Products Company, Pratt Industries and WestRock Company. |
Global Paper Packaging Market: Segmentation
By Product:
- Dual-use grades
- Liner grades
- Corrugated containers
- Flexible
- Medium grades
- Others
By grade:
- Coated Recycled Board
- Solid Bleached Surface
- Uncoated Recycled Board
By Application:
- Food and beverages
- Construction
- Electronics
- Sports
- Healthcare
- Personal care products
- Other
By Region
- Latin America
- Brazil
- Mexico
- North America
- Canada
- U.S.
- Western Europe
- France
- Germany
- Italy
- U.K.
- Spain
- Eastern Europe
- Russia
- Poland
- Asia Pacific
- India
- China
- Australia
- New Zealand
- Japan
- Middle east and Africa (GCC Countries, Northern Africa)
Global Paper Packaging Market: Drivers and Constraints
- Consumer preference
- Deforestation
- Raw material availability
Frequently Asked Questions (FAQ) :
The application of the paper packaging market Healthcare, Food, Personal & Homecare, Beverages and other, Personal care products, Sports, Construction.
Adroit Market Research has segmented the paper packaging market by product, grade, application and Region.
The major players are Packaging Corp. of America, Westrock, Amcor Ltd., DS Smith, International paper company, Tetra Pak., Sappi Ltd., Clearwater Inc., Kapstone, Reynolds Groups holding ltd.