Paper and Paperboard Packaging Market Share, Demand, Growth, Size, Revenue Analysis, Top Players and Forecast 2030

Industry Analysis

Paper and paperboard packaging materials are made of wood pulp, derived from wood and non-wood sources such as bamboo and straw. Wood pulp is available extensively and is gradually generated by recycling paper. The wood pulp's low cost and sustainable nature make paper and paperboard packaging a perfect choice for end-use industries. Data Bridge Market Research analyses that the paper and paperboard packaging market is expected to reach USD 214,492.80 million by 2030, which was USD 138,707.95 million in 2022, registering a CAGR of 5.60% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Paper and Paperboard Packaging Market research report has put forth a bench-marking example for a vibrant market that explores several recommendations and practical growth strategies in relation to the market. The market report covers a wide spectrum of regions and also focuses on key regions that include North America, Europe, Asia Pacific, Middle East, South America, and the Middle East & Africa (MEA). The chapter of the competitive landscape is presented well in the market research report and is analysed based on the tools such as Porter's five forces analysis. The study throws light upon market attractiveness where all the segments are arranged based on the compound growth rate, size, and general attractiveness.

Paper and Paperboard Packaging Market Dynamics
Drivers
• The increasing emergence of the e-commerce sector
The growing emergence of the e-commerce sector has played a vital role in the growth and expansion of the paper and paperboard packaging market. E-commerce companies widely use corrugated packaging for secondary and tertiary packaging because of its low cost and lightweight nature. Additionally, increasing sustainability problems of plastic materials are compelling e-commerce companies to replace plastic packaging with paper packaging, which is expected to drive market growth during the forecast period.
• Rising consumption of packaged food
The increasing consumption of packaged food will likely drive the growth of the paper and paperboard packaging market during the forecast period. Paper and paperboard products are used for packaging milk products, frozen foods, dry meals, and other products. For instance, according to linchpin, an India-based mobile and software Development Company, digital fast-food orders increased by 23% between June 2019 and June 2020, which tripled in 2021. Therefore, the increasing consumption of packaged food is likely to drive market growth.
Opportunities
• Growth and expansion of the electrical and electronics sector
The electrical and electronics end-use sector is projected to grow significantly during the forecast period. Increasing technological advancement has been leading to the growth of various electronic products. Furthermore, the increasing expansion of compact-sized electrical products also provides lucrative opportunities for manufacturers in paper and paperboard packaging because paper and paperboard packaging is the perfect solution for compact-sized electrical products. Thus, the sturdy growth of the electrical and electronics industry is expected to impact the demand for paper and paperboard packaging in the upcoming few years.
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