Press release
Next-Gen Paper-Based and Fiber-Based Packaging Market Estimated to Hit USD 503.60 Billion by 2034 | CAGR: 3.3%
The next-gen paper-based and fiber-based packaging market is anticipated to grow significantly, according to the newly published research report by Polaris Market Research. The market was valued at USD 363.15 billion in 2024 and is projected to grow to USD 503.60 billion by 2034. This growth signifies a robust compound annual growth rate (CAGR) of 3.3% over the forecast period 2025-2034.
Market Overview
Next-generation paper-based and fiber-based packaging refers to eco-friendly packaging solutions made from biodegradable, recyclable, or green materials designed to replace traditional plastic packaging. These innovative alternatives are gaining popularity as both brands and consumers increasingly demand sustainable options. Unlike conventional packaging, these materials offer a combination of environmental conservation, innovation, and business efficiency, helping companies reduce their ecological footprint while meeting the growing demand for environmentally conscious products.
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Market Drivers
Advancements in Packaging Materials:
Advancements in packaging materials enable the development of high-performance green options to traditional plastics. Inventions in material sciences have led to improved longevity, moisture resistance, barrier properties, and printability in fiber-based packaging, making it suitable for a broad gamut of applications. This, in turn, has a favourable impact on the next-gen paper-based and fiber-based packaging market sales.
Growth in E-commerce and Retail:
The need for efficient, protective, and green packaging solutions has escalated as online shopping continues to expand. Retailers and e-commerce platforms are looking for green options to plastic that can endure the rigors of shipping, while aligning with consumer sustainability expectations. Paper-based packaging provides an compelling solution, combining structural integrity with recyclability.
Next-gen paper-based and fiber-based packaging Market Report Highlights
• In terms of material source, the next-gen paper and fiber-based packaging market saw recycled fiber lead expansion, fueled by circular economy adoption and greater access to post-consumer recycled materials.
• Based on application, the personal care and cosmetics segment is poised for the fastest market growth, driven by rising demand for premium, sustainable packaging solutions in the beauty industry.
• North America held the largest revenue share in the next-gen paper and fiber-based packaging market in 2024, supported by stringent regulations, corporate sustainability efforts, and high consumer awareness.
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Market Key Players
The market has the presence of both established players and new entrants. Major companies are noted below:
• DS Smith
• Graphic Packaging International, LLC
• International Paper.
• Koehler Group
• Mondi
• Nexgen Packaging, LLC.
• Paptic Ltd
• Protega Global Ltd
• PulPac
• Ranpak
• Smurfit Kappa
• Stora Enso
• The Paper Bottle Company.
• UPM
• WestRock Company.
Segmental Perspective
The next-gen paper-based and fiber-based packaging market segmentation is primarily based on material source, application, and region.
By material source analysis, the recycled fiber segment dominated the market in 2024 due to growing focus on circular economy practices and escalated availability of post-consumer recycled substances.
By application analysis, the personal care & cosmetics segment is expected to witness the fastest market growth during the forecast period due to a shift towards premium, sustainable packaging within the beauty industry.
Next-gen Paper-based and Fiber-based Packaging Market, Material Source Outlook (Revenue - USD Billion, 2020-2034)
• Recycled Fiber
• Virgin Fiber
Next-gen Paper-based and Fiber-based Packaging Market, Application Outlook (Revenue - USD Billion, 2020-2034)
• Food & Beverages
• Retail & E-commerce
• Healthcare & Pharmaceuticals
• Personal Care & Cosmetics
• Others
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Regional Analysis
• North America
o US
o Canada
• Europe
o Germany
o France
o UK
o Italy
o Spain
o Netherlands
o Russia
o Rest of Europe
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About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
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