Paper Packaging Market Size - By Raw Material (Fresh Sources, Recycled Waste Paper), By Product (Folding Boxboard, Solid Unbleached Board, Solid Bleached Board, White Lined Chipboard, Containerboard), By Application (Food & Beverages) & Forecast, 2023 – 2032

Paper Packaging Market Size

Paper Packaging Market size was valued at around USD 379 billion in 2022 and is estimated to reach USD 565.1 billion by 2032. As environmental concerns continue to grow, there is a rising demand for sustainable and eco-friendly packaging alternatives. Paper packaging is biodegradable, recyclable, and renewable, making it an attractive choice for consumers and businesses aiming to reduce their environmental footprint. With increasing awareness of plastic pollution and its environmental impact, there is a global movement towards reducing plastic usage.
 

The food and beverage industry is a significant consumer of paper packaging due to its ability to provide safe and hygienic storage for perishable and non-perishable items. Paper-based packaging materials, such as paperboard cartons, bags, and cups, are widely used in the food industry.
 

Paper packaging has inherent limitations in terms of moisture and water resistance. This can be a challenge, especially in the food and beverage industry, where products need protection from moisture and other external elements. Compared to some other packaging materials like metal and certain plastics, paper has relatively limited barrier properties against gases, oils, and other substances. Paper packaging can be more fragile and susceptible to damage during transportation and handling compared to more rigid packaging materials. Thus, the risks associated with Paper packaging may drive down the acceptance rate, further hampering the paper packaging market progress.
 

COVID-19 Impact

With lockdowns and restrictions on physical retail during the pandemic, there was a surge in e-commerce activities. This led to increased demand for paper packaging used in shipping boxes, corrugated cartons, and protective packaging materials for online deliveries. As restaurants and cafes shifted to takeout and food delivery models, there was a higher demand for paper packaging used in food containers, bags, and wraps. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations is anticipated to drive the market expansion.
 

Paper Packaging Market Trends

One of the most significant trends in the market is the increasing focus on sustainability and eco-friendly packaging solutions. Consumers and businesses alike are seeking packaging materials that are renewable, recyclable, and biodegradable, leading to a rise in demand for paper-based packaging products. With growing awareness of plastic pollution and its impact on the environment, there is a notable shift from single-use plastics to paper-based alternatives. Governments and businesses are implementing measures to reduce plastic usage, creating opportunities for paper packaging to replace plastic in various applications. Thus, the growing prevalence is expected to expedite the market share.
 

Paper Packaging Market Analysis

Based on product, the paper packaging market is segmented as fresh sources, recycled waste aper. Fresh sources held a majority market value of USD 184.8 billion in 2022. The increasing demand for paper-based packaging solutions, including corrugated boxes, cartons, and bags, drives the demand for fresh sources as the primary raw material for paper production. The rise of e-commerce has boosted the demand for corrugated boxes and packaging materials, requiring substantial amounts of fresh material. Moreover, an increasing usage will further accelerate the segment revenue.
 

Based on application, the paper packaging market is segmented as Folding Boxboard, Solid Unbleached Board, Solid Bleached Board, White Lined Chipboard, Containerboard. Folding board box held a dominant market share of around 40% in 2022 and is expected to grow at a lucrative pace by 2032. Folding boardbox are extensively used for packaging various consumer goods, including food, beverages, cosmetics, pharmaceuticals, and personal care products. Folding cartons offer ample space for branding and attractive graphics, enhancing product visibility and consumer appeal.
 

Based on application the paper packaging market is segmented as Food & Beverages, Non-Durable Goods, Durable Goods, Medical. Food & beverages held a dominant market share in 2022 and is anticipated to grow at 3.8% CAGR by 2032. Paper packaging offers a wide range of solutions for food and beverage products, including cartons, bags, wraps, and boxes, providing convenience to consumers for on-the-go consumption and storage. Thus, the high-quality services and growing usage of Paper packaging at food centres are anticipated to expedite the business landscape.
 

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:

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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