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Paper Packaging Market Trends

Report ID: GMI6372
Published Date: Aug 2023
Report Format: PDF

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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.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Paper packaging industry share was USD 379 billion in 2022 and is expected to reach USD 565.1 billion by the end of 2032, due to the rising demand for sustainable and eco-friendly packaging alternatives worldwide.

The fresh sources product segment held a market share of USD 184.8 billion in 2022 and is expected to witness significant growth through 2032, owing to increasing demand for corrugated boxes, cartons, and bags.

The folding board box application segment in the paper packaging market held market share of around 40% in 2022 and is expected to gain traction through 2032, due to increasing adoption of packaging materials for several consumer goods.

Some of the prominent paper packaging companies are Nippon Paper Industries Co., Ltd., Stora Enso, South African Pulp & Paper Industries, Mondi plc, ITC Limited, and Smurfit Kappa Group.