Paper and paperboard packaging plays a crucial role in modern society due to their versatility, sustainability, and cost-effectiveness. These materials are widely used for packaging various products, ranging from food to electronics. Their lightweight nature reduces transportation costs and environmental impact. Additionally, paper and paperboard are renewable and recyclable, aligning with growing environmental concerns. The versatility of these materials allows for diverse packaging designs, meeting both functional and aesthetic requirements.
According to Data Bridge Market Research analyses the Global Paper and Paperboard Packaging Market is expected to reach USD 2,14,492.80 million by 2030, which was USD 1,38,707.95 million in 2022, registering a CAGR of 5.60% during the forecast period of 2023 to 2030.
"Rise in packaged food consumption boosts the market growth"
The surge in packaged food consumption is driving growth in the paper and paperboard packaging market. Increased demand for pre-packaged, convenient food options, exemplified by a 23% rise in digital fast-food orders between June 2019 and June 2020 (tripling in 2021), underscores this trend. Paper and paperboard materials are favored for their versatility and eco-friendly attributes in packaging milk, frozen foods, and dry meals. The convenience of ordering packaged meals online reflects a broader shift in consumer behavior.
What restraints the growth of the global paper and paperboard packaging market?
“Fluctuation in raw material prices hampers with the market growth”
Fluctuating prices of crucial raw materials, such as cellulose fiber and wood pulp, due to demand-supply imbalances, present a significant restraint on the global paper and paperboard packaging market. These unpredictable price shifts negatively impact manufacturers' profit margins, posing financial challenges and limiting investment capabilities. The resulting instability in production costs hampers the overall growth of the industry during the forecast period. The market faces a heightened risk of reduced competitiveness and constrained development due to the ongoing challenges associated with raw material price fluctuations.
Segmentation: Global Paper and Paperboard Packaging Market
The global paper and paperboard packaging market is segmented on the basis of product, type, property, weight, grade, and end-user.
- On the basis of product, the global paper and paperboard packaging market is segmented into paper cups, kraft paper boards, boxboard, folding boxes and cases, paper and paperboard packaging, and others
- On the basis of type, the global paper and paperboard packaging market is segmented into stickers, shopper, coating, packaging, invitations / envelopes / notepaper, labels, covers, catalogues, and digital print
- On the basis of property, the global paper and paperboard packaging market is segmented into colored, natural, coated, pearlescent, texture, recycle, cotton, and others
- On the basis of weight, the global paper and paperboard packaging market is segmented into 70 G/M2 TO 100 G/M2, 101 G/M2 TO 150 G/M2, 151 G/M2 TO 200 G/M2, 201 G/M2 TO 250 G/M2, and more than 250 G/M2
- On the basis of grade, the global paper and paperboard packaging market is segmented into solid bleached sulfate, coated unbleached kraft paperboard, folding boxboard, white lined chipboard, glassine and greaseproof paper, label paper, and others
- On the basis of end-user, the global paper and paperboard packaging market is segmented into personal care and cosmetics, food and beverages, healthcare, consumer goods, education and stationary and others
Regional Insights: Asia-Pacific is expected to dominate the Global Paper and Paperboard Packaging Market
The Asia-Pacific region is expected to dominate the paper and paperboard packaging market due to a surge in demand driven by the increased use of consumer electronics and the growing popularity of ready-to-eat meals. Paperboard's sustainability appeals to the electronics industry, while its cost-effectiveness and practicality make it an ideal choice for the packaging of ready-to-eat meals.
North America is expected to be the fastest-growing region (2023-2030) in the market, driven by the presence of major players and a rising awareness of sustainability among end users. The influential market player’s foster innovation, while the growing demand for eco-friendly options, such as paper and paperboard, aligns with consumer preferences, propelling the region's market growth.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-paper-paperboard-packaging-market
Recent Developments in the Global Paper and Paperboard Packaging Market
- In a 2022 breakthrough, FRESH PACKING and Mondi join forces, unveiling a game-changing cooler bag with 2.5x enhanced cooling protection. Crafted exclusively from Mondi's kraft paper, it triumphs over non-recyclable alternatives
- In 2022 witnessed a strategic move as Smurfit Kappa acquires PaperBox, a Saquarema packaging facility near Rio de Janeiro. This expansion diversifies Smurfit Kappa's presence in Brazil, adding to its operations in Rio Grande do Sul, Minas Gerais, and Ceará
The Prominent Key Players Operating in the Global Paper and Paperboard Packaging Market Include:
- WestRock Company (U.S.)
- Smurfit Kappa (Ireland)
- International Paper (U.S.)
- Novolex (U.S.)
- NOVPLASTA CZ, s.r.o (Czechia)
- Burgass Carrier Bags (U.S.)
- Mondi (U.K.)
- CEE R.SCHISLER (France)
- Cascades Inc. (Canada)
- DS Smith (U.K.)
- Goodwin Robbins Packaging Company Inc. (U.S.)
- Oji Holdings Corporation (Japan)
- Georgia-Pacific LLC. (U.S.)
- Amcor plc (Switzerland)
- Sonoco Products Company (U.S.)
- Rengo Co. Ltd (Japan)
- Graphic Packaging International LLC (U.S.)
- Keystone Paper & Box Company, Inc (U.S.)
- Menasha Corporation (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global paper and paperboard packaging market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Paper and Paperboard Packaging Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
