paper and paperboard packaging global marke
Overview and Scope
Paper and paperboard packaging refer to materials made from paper pulp that are used to create various types of packaging solutions. It is used to enclose, protect, and present various products for storage, transportation, and sale.
Sizing and Forecast
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.
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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
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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
The paper and paperboard packaging market report table of contents includes:
1. Executive Summary
2. Paper And Paperboard Packaging Market Characteristics
3. Paper And Paperboard Packaging Market Trends And Strategies
4. Paper And Paperboard Packaging Market – Macro Economic Scenario
5. Global Paper And Paperboard Packaging Market Size and Growth
………….
32. Global Paper And Paperboard Packaging Market Competitive Benchmarking
33. Global Paper And Paperboard Packaging Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Paper And Paperboard Packaging Market
35. Paper And Paperboard Packaging Market Future Outlook and Potential Analysis
36. Appendix
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