Global Paper and Paperboard Packaging Market Comprehensive Study: Forecasted Market Size And Growth Rate | WestRock Company, International Paper Company, Amcor Ltd., Tetra Pak, UPM-Kymmene Corporation, Smurfit Kappa Group Plc, Stora enso Oyj, Oji Holdings

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2167

The Business Research Company offers in-depth market insights through Paper and Paperboard Packaging Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The paper and paperboard packaging market size has grown strongly in recent years. It will grow from $397.73 billion in 2023 to $422.32 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to traditional packaging demand, cost-effectiveness, regulatory compliance, brand image and marketing, product protection and preservation.The paper and paperboard packaging market size is expected to see steady growth in the next few years. It will grow to $512.32 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to globalization and trade, continued emphasis on sustainability, circular economy initiatives, rising middle-class population, health and safety concerns. Major trends in the forecast period include evolving design and printing technologies, customization and personalization, integration of smart packaging, eco-friendly product branding, rise of packaging automation.

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Market Segmentation:
The paper and paperboard packaging market covered in this report is segmented -

1) By Product Type : Folding Cartons , Corrugated Boxes, Other Product Types
2) By Grade: Solid Bleached Sulfate, Coated Unbleached Kraft Paperboard, Folding Boxboard, White Lined Chipboard, Glassine And Greaseproof Paper, Label Paper, Other Grades
3) By End Users: Food, Beverage, Healthcare, Personal Care, Electrical, Other End Users

Major Driver - E-commerce Expansion Fuels Growth of Paper and Paperboard Packaging Market
The rapid growth of e-commerce is expected to propel the growth of the paper and paperboard packaging market going forward. E-commerce, or electronic commerce, refers to the buying and selling of goods and services over the Internet. Paper and paperboard packaging are commonly used in e-commerce due to their affordability, versatility, and lightweight yet relatively strong natures to help with product protection, customization, branding, and consumer preferences. For instance, in November 2023, according to the United States Census Bureau, a US-based government agency, e-commerce increased and reached the 3rd quarter of 2023 at 7.6%, compared to the 4th quarter of 2022 by 6.9%. Further, around 15.4% of all sales in the second quarter of 2023 were made through online stores. Therefore, the rapid growth of e-commerce is driving the growth of the paper and paperboard packaging market.

Competitive Landscape:
Major companies operating in the paper and paperboard packaging market report are WestRock Company, International Paper Company, Amcor Ltd., Tetra Pak, UPM-Kymmene Corporation, Smurfit Kappa Group Plc, Stora enso Oyj, Oji Holdings Corporation, Graphic Packaging International, DS Smith Plc, Packaging Corporation of America, India Tobacco Company Limited, Metsa Group, South Africa Pulp and Paper Industries Ltd, Valmet Oyj, Domtar Corporation, Cascades Inc., Nippon Paper Industries Co. Ltd, Infor Inc., Shandong Bohui Paper Company Ltd, Visy Industries Australia Pty Ltd, BillerudKorsnäs AB, Svenska Cellulosa Aktiebolaget SCA, Mondi Group, Weyerhaeuser, Sonoco Products Company

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Top Trend - Innovative Recyclable Solutions Revolutionize Paper and Paperboard Packaging Market
Major companies operating in the paper and paperboard packaging market are adopting innovative recyclable solutions, such as Tambrite Aqua+, a recyclable food packaging solution, to meet the growing demand for packaging. Recyclable food packaging refers to packaging materials that can be easily recycled after use, thereby reducing environmental impact. These materials are often made from sustainable and renewable sources, such as plant-based materials, and are designed to be either curbside recyclable or compostable. For instance, in May 2023, Stora Enso, a Finland-based packaging materials provider, launched the Tambrite Aqua+ folding box board solution. It is designed for frozen, chilled, and dry food packaging, aiming to reduce the need for fossil-based plastics. It utilizes a water-based dispersion coating that helps minimize the use of plastic and is fluorochemical-free and resistant to grease and moisture. It is made using dispersion coating technology. This technology provides a water-based solution that can be integrated with paperboard surfaces for effective protection. Additionally, this innovative solution exhibits resilience against external moisture and grease, ensuring the safety and integrity of the enclosed product.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Paper and Paperboard Packaging Market Characteristics
3. Paper and Paperboard Packaging Market Trends And Strategies
4. Paper and Paperboard Packaging Market - Macro Economic Scenario
5. Paper and Paperboard Packaging Market Size And Growth
…..
27. Paper and Paperboard Packaging Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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