Paper and Paperboard Packaging Market Outlook 2024-2033: Trends and Projections
Paper and Paperboard Packaging Market Expansion 2024-2033: Growth Drivers and Dynamics
Global Paper and Paperboard Packaging Market Analysis 2024: Size Forecast and Growth Prospects
Paper and Paperboard Packaging Market 2024-2033: Technological Advancements, Competitive Landscape and Strategies
Global Paper and Paperboard Packaging Market Overview 2024: Size, Growth Rate, and Segments
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The paper and paperboard packaging global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Paper and Paperboard Packaging Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The paper and paperboard packaging market size has grown strongly in recent years. It will grow from $397.73 billion in 2023 to $422.32 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to traditional packaging demand, cost-effectiveness, regulatory compliance, brand image and marketing, product protection and preservation.
The paper and paperboard packaging market size is expected to see steady growth in the next few years. It will grow to $512.32 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to globalization and trade, continued emphasis on sustainability, circular economy initiatives, rising middle-class population, health and safety concerns. Major trends in the forecast period include evolving design and printing technologies, customization and personalization, integration of smart packaging, eco-friendly product branding, rise of packaging automation.
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Scope Of Paper and Paperboard Packaging Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Paper and Paperboard Packaging Market Overview
Market Drivers –
The rapid growth of e-commerce is expected to propel the growth of the paper and paperboard packaging market going forward. E-commerce, or electronic commerce, refers to the buying and selling of goods and services over the Internet. Paper and paperboard packaging are commonly used in e-commerce due to their affordability, versatility, and lightweight yet relatively strong natures to help with product protection, customization, branding, and consumer preferences. For instance, in November 2023, according to the United States Census Bureau, a US-based government agency, e-commerce increased and reached the 3rd quarter of 2023 at 7.6%, compared to the 4th quarter of 2022 by 6.9%. Further, around 15.4% of all sales in the second quarter of 2023 were made through online stores. Therefore, the rapid growth of e-commerce is driving the growth of the paper and paperboard packaging market.
Market Trends –
Major companies operating in the paper and paperboard packaging market are adopting innovative recyclable solutions, such as Tambrite Aqua+, a recyclable food packaging solution, to meet the growing demand for packaging. Recyclable food packaging refers to packaging materials that can be easily recycled after use, thereby reducing environmental impact. These materials are often made from sustainable and renewable sources, such as plant-based materials, and are designed to be either curbside recyclable or compostable. For instance, in May 2023, Stora Enso, a Finland-based packaging materials provider, launched the Tambrite Aqua+ folding box board solution. It is designed for frozen, chilled, and dry food packaging, aiming to reduce the need for fossil-based plastics. It utilizes a water-based dispersion coating that helps minimize the use of plastic and is fluorochemical-free and resistant to grease and moisture. It is made using dispersion coating technology. This technology provides a water-based solution that can be integrated with paperboard surfaces for effective protection. Additionally, this innovative solution exhibits resilience against external moisture and grease, ensuring the safety and integrity of the enclosed product.
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
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Regional Insights –
Asia-Pacific was the largest region in the paper and paperboard packaging market in 2023. 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.
Key Companies –
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
Table of Contents
1. Executive Summary
2. Paper and Paperboard Packaging Market Report Structure
3. Paper and Paperboard Packaging Market Trends And Strategies
4. Paper and Paperboard Packaging Market – Macro Economic Scenario
5. Paper and Paperboard Packaging Market Size And Growth
…..
27. Paper and Paperboard Packaging Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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