Global Paper and Paperboard Packaging Market Share Is Expected To Grow At A CAGR Of 2.25% By 2030

19-Jan-2023 | Facts and Factors

According to Facts and Factors, the global paper and paperboard packaging market size was worth around USD 203 billion in 2021 and is predicted to grow to around USD 243 billion by 2030 with a compound annual growth rate (CAGR) of roughly 2.25% between 2022 and 2030.

Paper and paperboard packaging has become a common part and an essential component of things used every day even for small purposes. Paper packaging is extremely easy and does not require a lot of investment, to begin with. When paper is applied as an outer coating on a product, it is called paper packaging. It is used for protecting, storing, and transporting goods.

Browse the full “Paper and Paperboard Packaging Market Size, Share, Growth Analysis Report By Type (Stickers, Coating, Packaging, Labels, Digital Print, Catalogs, and Covers), By Product (Kraft Paper Boards, Paper Cups, Paper Bags, Folding Boxes & Cases, Boxboard, and Others), By End-User (Healthcare, Personal Care & Cosmetics, Food & Beverages, Education & Stationery, Consumer Goods, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2030" report at https://www.fnfresearch.com/paper-and-paperboard-packaging-market

In current times, market players are investing heavily in conducting more research to develop new methods of incorporating paper packaging for different purposes. There are a few types of papers used in the process. The first kind is known as premium packaging and is used in the dairy industry. The paper used in this segment has to be of exclusive and high quality as milk, an expensive product that can easily ferment.

Thus apart from providing a pleasing appearance, the paper used to package it should exhibit a high-performance index. Premium packaging has to meet the standards set by regulatory authorities to qualify in this category. The next time is paper carton packaging which dominated with the highest market share amongst all types. Paper carton packaging is used across industries including agriculture. The highest application for this type is in the food & beverages sector. Paper packaging is the most special line of packaging in this segment. In this section, decorative packaging is of utmost importance.

The global paper and paperboard packaging market is projected to grow owing to increasing strictness adopted by government and international environmental bodies against the use of single-use plastic in the packaging industry compelling market players to opt for more sustainable forms of material to use.

The growing demand for paperboard packaging in the healthcare segment is expected to help the global market generate high revenue. Some of the most commonly used materials in the pharmaceutical and healthcare sectors are metals and plastics. Since there are growing concerns about using plastics for packaging medicines, providers of paper and paperboard packaging solutions have increased investment in research to develop better solutions using less harmful materials.

Other factors like the reusability of paper packaging may help generate more consumers as the general population has become aware of the direct consequences consumer shopping patterns have on the environment. There is a growing set of people who prefer to shop or purchase products only from companies that support environmental sustainability. Such moves are projected to drive the demand for paper packaging solutions. The food & beverages industry is one of the highest consumers of paper and paperboard for packaging and as the industry grows, the demand will increase.

One of the key challenges the global market players are expected to face is the growing concerns about toxic material present in papers used for packaging. Although paper is made of cellulose which is a harmless compound, humans lack the necessary enzymes to digest the content of the paper that is eaten by mistake. Many countries have banned the use of everyday paper used to packet and sell edible items since the content may be toxic to the human body.

The growing e-commerce industry may provide growth opportunities while managing paper quality is expected to act as a challenge for the market players.

Segmental Overview

The global paper and paperboard packaging market is segmented based on type, product, end-user, and region

Based on type, the global market divisions are stickers, coating, packaging, labels, digital print, catalogs, and covers. The global market was led by the packaging segment in 2021 owing to the increasing use of paperboard to package and transport food & beverage products. Paperboards have found wide applications in the healthcare sector, one of the fastest-growing and crucial industries. The healthcare packaging industry is projected to cross USD 190 billion by 2030.

Based on product, the global market divisions are kraft paper boards, paper cups, paper bags, folding boxes & cases, boxboard, and others. The global market may witness the highest growth in the kraft paper board segments owing to the growing demand for decorative coatings as a marketing strategy to attract more consumers. In 2021, the Indian Kraft paper stood at 8.4 million tons.

Regional Overview 

Asia-Pacific is projected to grow owing to the increasing food & beverages sector in India and China directly propelled by the growing population and demand for food products. The regional industry is witnessing a high influx of foreign investments and the entry of international brands into the economy to benefit from the lucrative opportunities the economies have to offer.

As per a January 2022 report, India recorded an increase of 85.9% in the country's foreign direct investment in the food processing sector. Growth In North America is projected to be driven by the growing displeasure against plastic used in the packaging industry and the increasing rate of developments for making the paper packaging industry more versatile.

Report Scope

Competitive Landscape

The global paper and paperboard packaging market is home to players like Clearwater Paper Corporation, Amcor Ltd, Metsa Group, RockTenn Company, Mondi Group, and Packaging Corporation of America.

Recent Developments:

• In September 2020, BIOhof Kirchweidach, a Bavaria-based organic farm, entered a partnership with Mondi PLC.
• In January 2020, Mukta Polytech Pvt. Ltd., an Indian service provider for flexible packaging was acquired by Huhtamaki

The global paper and paperboard packaging market is segmented  as follows:

By Type

• Stickers
• Coating
• Packaging
• Labels
• Digital Print
• Catalogs
• Covers

By Product

• Kraft Paper Boards
• Paper Cups
• Paper Bags
• Folding Boxes And Cases
• Boxboard
• Others

By End-User

• Healthcare
• Personal Care & Cosmetics
• Food And Beverages
• Education & Stationery
• Consumer Goods
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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