According to the latest report by IMARC Group, titled “Paper Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global paper packaging market size reached US$ 402.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 493.5 Billion by 2027, exhibiting at a CAGR of 3.5% during 2022-2027.
Paper packaging refers to numerous rigid and flexible packaging materials, including corrugated boxes, liquid paperboard cartons, paper bags & sacks, folding boxes & cases, inserts & dividers, etc. They are manufactured by bleaching fibrous compounds obtained from wood and recycled wastepaper pulp. Paper packaging materials are usually highly versatile, customizable, lightweight, durable, and recyclable. They are present in a wide variety of colors, shapes, and sizes to meet the requirement of the customers. On account of this, paper packaging find extensive applications across retail, cosmetic, and healthcare sectors.
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Global Paper Packaging Market Trends:
The increasing demand for environment-friendly packaging products is primarily augmenting the paper packaging market. Furthermore, the rising number of online shopping platforms is inflating the need for secondary and tertiary paper packaging products, which is positively influencing the global market. Apart from this, the growing consciousness among consumers regarding sustainable packaging and the implementation of favorable government policies are acting as significant growth-inducing factors. Moreover, the increasing promotions by government bodies of several developed and emerging nations to use paper-based products as an alternative to plastic for minimizing pollution and toxin levels in the environment are also bolstering the market growth. Besides this, the widespread adoption of food-grade paper packaging products by food manufacturing organizations to retain the nutrient content and maintain the quality of the food contents is further catalyzing the global market. Additionally, numerous product innovations to enhance the efficiency of the product and to produce visually appealing variants are expected to drive the paper packaging market in the coming years.
Paper Packaging Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the paper packaging market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Amcor Limited
- DS Smith Plc
- Evergreen Packaging, LLC
- Holmen Group
- Hood Packaging Corporation
- Huhtamäki Oyj
- International Paper
- Kapstone LLC
- Mayr-Melnhof Karton AG
- Mondi plc
- Pratt Industries
- WestRock Group
Key Market Segmentation:
The report has segmented the global paper packaging market on the basis of product type, grade, packaging level, end-use industry and region.
Breakup by Product Type:
- Corrugated Boxes
- Folding Boxes and Cases
- Liquid Paperboard Cartons
- Paper Bags and Sacks
Breakup by Grade:
- Solid Bleached
- Coated Recycled
- Uncoated Recycled
Breakup by Packaging Level:
- Primary Packaging
- Secondary Packaging
- Tertiary Packaging
Breakup by End-Use Industry:
- Personal Care and Home Care
Breakup by Region:
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
- Middle East and Africa ( Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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