Paper and Paperboard Packaging Market Size, Share, Growth, Forecast, Industry Key Players: ITC, DS Smith, International Paper, Cascades, Rocktenn, Metsa, Clearwater Paper | Valuates Reports

Paper and Paperboard Packaging Market Size

Due to the COVID-19 pandemic, the global Paper and Paperboard Packaging market size is estimated to be worth USD 189320 Million in 2022 and is forecast to a readjusted size of USD 224740 Million by 2028 with a CAGR of 2.9% during the review period. A packing board is the general name of the board used for packing. The global Paper and Paperboard Packaging market are primarily driven by rising landfill environmental issues and packaging material degradation. In the packaging industry, there has been a shift away from plastic and toward more paper and paperboard. The demand for sustainable and recycled packaging for Food, Beverage, Personal & Home Care, Healthcare, Stationary, and Construction applications will fuel the growth of the paper & paperboard packaging market even further.

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Trends Influencing the Growth of Paper and Paperboard Packaging Market

Because of their non-biodegradability, plastic-based packaging products are subject to stringent regulations around the world. Single-use plastic is being phased out in many countries, and paper-based packaging is increasingly being replaced due to its sustainability. Furthermore, rising consumer sustainability awareness and end-use industry demand for eco-friendly packaging are expected to drive the global paper & paperboard packaging market in the coming years.

The increasing use of Corrugated boxes in various applications is expected to drive the growth of the Paper and Paperboard Packaging market. Corrugated boxes are well-known for their structural rigidity and cushioning, making them ideal for packaging delicate items. When compared to other types of packaging, corrugated packaging offers unrivaled benefits because you can have custom corrugated boxes made to meet your specific business needs. They're adaptable enough to transport and cushion perishable and delicate goods. Corrugated boxes are made of kraft paper and can be re-used, re-pulped, and remade into recyclable components that help to protect the environment.

Growing demand for boxboard for making paper cups and plates, as well as packaging for high-print needs is expected to drive the growth of the Paper and Paperboard Packaging market. When the strength of a corrugated box is not required, a boxboard is used for smaller boxes in the food, cosmetics, and consumer goods industries.

The increasing use of Paper and Paperboard Packaging in the food and beverage sector is expected to drive the growth of the Paper and Paperboard Packaging market. Due to their eco-friendliness, paper and paperboard-based material are one of the earliest and most widely used packaging forms for food products such as milk and milk-based products, beverages, dry powders, confectionery, and bakery products.

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Paper and Paperboard Packaging Market Share Analysis

Based on type, Flexible Paper Packaging is expected to be the most lucrative segment during the forecast period. Flexible paper bags are becoming more popular as a substitute for single-use plastic bags.

Based on application, Food and beverage segment is expected to be the most lucrative segment, due to food manufacturers' widespread use of paper-based packaging. Furthermore, rising consumer preference for packaged food products due to an increasingly busy lifestyle is expected to favor the growth of the paper & paperboard packaging market over the forecast period.

Based on region, Asia-pacific is expected to hold the largest Paper and Paperboard Packaging market share during the forecast period, due to rising demand for Paper and Paperboard Packaging in the food and beverage and health and personal care sector.

By Type
• Corrugated Box
• Flexible Paper Packaging
• Boxboard

By Application
• Food
• Beverage
• Personal & Home Care
• Healthcare
• Stationary
• Construction

By Company
• ITC
• DS Smith
• International Paper
• Cascades
• Rocktenn
• Metsa
• Clearwater Paper
• Packaging

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