How Has the Paper and Paperboard Packaging Market Evolved Historically and What is its Current Size?
The paper and paperboard packaging market has seen considerable growth due to a variety of factors.
• In recent times, the paper and paperboard packaging market has witnessed robust growth. Expectations project an expansion from $422.32 billion in 2024 to $447.11 billion in 2025, corresponding to a compound annual growth rate (CAGR) of 5.9%.
Factors contributing to this growth in the past include the need for conventional packaging, affordability, adherence to regulations, enhancement of brand image and marketing, as well as protection and preservation of products.
What Does Future Hold for The Paper and Paperboard Packaging Market By 2029?
The paper and paperboard packaging market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for paper and paperboard packaging is projected to consistently expand in the forthcoming years. By 2029, it's anticipated to reach $535.65 billion, with a compound annual growth rate (CAGR) of 4.6%.
Factors contributing to this growth during the predicted period include globalization and commerce, ongoing commitment to sustainability, initiatives for a circular economy, a growing middle-class demographic, as well as health and safety issues. Foreseeable trends during this period encompass advancements in design and printing technologies, increased focus on customization and personalization, the merging of smart packaging, eco-conscious product branding, and the development of packaging automation.
What Are The Primary Growth Drivers In The Paper and Paperboard Packaging Market?
The burgeoning of e-commerce is projected to spur the advancement of the paper and paperboard packaging industry in the future. E-commerce, essentially the online purchase and sale of goods and services, often employs paper and paperboard packaging due to its cost-efficiency, adaptability, featherweight yet comparatively robust characteristics which aid in safeguarding products, personalization, marketing, and consumer preferences. For instance, data from November 2023 from the United States Census Bureau, an agency of the US government, revealed that e-commerce experienced a surge, finishing the 3rd quarter of 2023 at 7.6%, a considerable increase from the 4th quarter of 2022's 6.9%. Moreover, about 15.4% of all transactions in 2023's second quarter were carried out through virtual stores. Thus, the swift progression of e-commerce is propelling the expansion of the paper and paperboard packaging industry.
What Is The Segmentation Of The Global Paper and Paperboard Packaging Market?
The paper and paperboard packaging market covered in this report is segmented –
1) By Product Type: Folding Cartons, Corrugated Boxes, Other Product Types
2) By Grade: Solid Bleached Sulfate, Coated Unbleached Kraft Paperboard, Folding Boxboard, White Lined Chipboard, Glassine And Greaseproof Paper, Label Paper, Other Grades
3) By End Users: Food, Beverage, Healthcare, Personal Care, Electrical, Other End Users
Subsegments:
1) By Folding Cartons: Straight Tuck Folding Cartons, Reverse Tuck Folding Cartons, Auto Bottom Cartons, Seal End Cartons, Window Cartons
2) By Corrugated Boxes: Single-Wall Corrugated Boxes, Double-Wall Corrugated Boxes, Triple-Wall Corrugated Boxes, Die-Cut Corrugated Boxes, Printed Corrugated Boxes
3) By Other Product Types: Paper Bags, Paper Wraps, Trays, Boxes For Retail, Specialty Paperboard Products
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What Trends Are Reshaping The Future Of The Paper and Paperboard Packaging Market?
Leading firms in the paper and paperboard packaging sector are turning to innovative recyclable solutions, such as Tambrite Aqua+, to cater to the rising need for packaging. This form of packaging can be easily recycled post-use, thus lessening the detrimental effect on the environment. The materials are usually derived from sustainable and renewable plant-based materials and are engineered to be either curbside recyclable or compostable. For example, Stora Enso, the Finland-based packaging provider, introduced the Tambrite Aqua+ folding box board solution in May 2023. This solution is intended for frozen, chilled, and dry food packaging with an aim to decrease dependence on fossil-based plastics. The product features a water-based dispersion coating for reducing plastic use. It is fluorochemical-free and has resistance to grease and moisture. The solution is developed using dispersion coating technology that can be merged with paperboard surfaces for enhanced protection. Moreover, this novel solution demonstrates resilience to external moisture and grease, safeguarding the product contained within.
Who Are the Key Players In The Paper and Paperboard Packaging Market?
Major companies operating in the paper and paperboard packaging market report are:
• WestRock Company
• International Paper Company
• Amcor Ltd.
• Tetra Pak
• UPM-Kymmene Corporation
• Smurfit Kappa Group Plc
• Stora enso Oyj
• Oji Holdings Corporation
• Graphic Packaging International
• DS Smith Plc
• Packaging Corporation of America
• India Tobacco Company Limited
• Metsa Group
• South Africa Pulp and Paper Industries Ltd
• Valmet Oyj
• Domtar Corporation
• Cascades Inc.
• Nippon Paper Industries Co. Ltd
• Infor Inc.
• Shandong Bohui Paper Company Ltd
• Visy Industries Australia Pty Ltd
• BillerudKorsnäs AB
• Svenska Cellulosa Aktiebolaget SCA
• Mondi Group
• Weyerhaeuser
• Sonoco Products Company
What Are The Regional Insights Into The Paper and Paperboard Packaging Market?
Asia-Pacific was the largest region in the paper and paperboard packaging market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the paper and paperboard packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
