Paper and Paperboard Packaging Market Forecast Influenced by Rapid Urbanization and Increasing Consumer Demand in Asia Pacific and Europe

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Paper and Paperboard Packaging Market Size, Share & Trends Analysis Report By Grade (Solid Breached Sulfate, Coated Unbleached Kraft Paperboard, Folding Boxboard, White Lined Chipboard, Glassine & Greaseproof Paper, Label Paper), Type (Corrugated Box, Boxboard, Flexible Paper) Application (Food, Beverage, Healthcare, Personal & Homecare)- Market Outlook And Industry Analysis 2034"

The Global Paper and Paperboard Packaging Market Size is valued at 213.47 billion in 2024 and is predicted to reach 347.35 billion by the year 2034 at a 5.1% CAGR during the forecast period for 2025-2034.

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Paper and paperboard packaging has established itself as a key segment within the packaging industry, with applications spanning a diverse range of product categories, including small-scale uses. The production process for paper-based packaging is relatively straightforward and requires modest capital investment, making it accessible to a broad spectrum of market participants. Serving primarily as an outer protective layer, this packaging format ensures the safe storage, handling, and transportation of goods.

Market growth is largely driven by increasing demand from sectors such as healthcare, where paperboard boxes are extensively employed. Heightened environmental awareness and a growing consumer preference for sustainable packaging solutions are further fueling expansion. The food and beverage industry, in particular, is increasingly adopting paper-based alternatives due to their recyclability and lower environmental impact.

Moreover, concerns regarding the ecological consequences of plastic packaging have prompted e-commerce companies to transition to paper-based materials in place of conventional plastics. This shift is expected to accelerate the adoption of paper and paperboard packaging, reinforcing its role as a preferred solution within sustainable packaging strategies.

List of Prominent Players in the Paper and Paperboard Packaging Market:
• Amcor Plc
• Atlantic Packaging
• Cascades Inc.
• Clearwater Paper Corporation
• DS Smith Plc.
• Fedrigoni S.P.A.
• Georgia-Pacific
• International Paper Company
• ITC Limited
• Mayr-Melnhof Karton AG
• Metsa Group
• Mondi Group
• Nippon Paper Industries Co. Ltd.
• Oji Holdings Corporation
• Packaging Corporation of America
• Rengo Co., Ltd.
• Shandong Bohui Paper Company Ltd.
• Smurfit Kappa Group Plc.
• Sonoco
• South Africa Pulp and Paper Industries Ltd.
• Stora enso Oyj
• Svenska Cellulosa Aktibolaget
• UPM
• Westrock Company

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Market Dynamics
Drivers:
The expansion of the paper and paperboard packaging market is primarily driven by the increasing emphasis on environmentally sustainable packaging solutions. Growing consumer preference for recycled and biodegradable products has reinforced the development of the recovered paper sector. As sustainability becomes a central consideration across industries, paper and paperboard packaging is being recognized as a viable alternative to conventional plastics. Its eco-friendly characteristics, including recyclability and biodegradability, are encouraging adoption across sectors such as retail, wholesale, and food services, thereby accelerating global market growth.

Challenges:
Despite its environmental advantages, paper and paperboard packaging faces notable competition from flexible plastic packaging, which remains widely utilized by manufacturers and retailers. This preference is largely due to the lightweight nature of flexible plastics, which contributes to reduced shipping, storage, and warehousing costs. Additionally, flexible packaging offers value-added functionalities such as resealability, single-serve convenience, and enhanced shelf appeal. In the food industry, products packaged in flexible pouches often maintain freshness and flavor more effectively than traditional containers, further reinforcing the appeal of plastic alternatives among consumers seeking convenience and cost efficiency.

Regional Trends:
The Asia-Pacific region is expected to capture a significant share of the global paper and paperboard packaging market, with robust growth projected throughout the forecast period. This expansion is largely driven by the rapid growth of the food and beverage industry in high-population countries such as India and China. Rising consumer demand, coupled with increased foreign direct investment by multinational corporations seeking regional opportunities, is further supporting market development.

In Europe, Germany has emerged as a key contributor to market growth, underpinned by strong consumer awareness of recycling practices and initiatives aimed at reducing plastic usage. The region's commitment to sustainable packaging is fostering steady adoption of paper and paperboard solutions, reinforcing market presence across major European economies.

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Recent Developments:
• In November 2021, Nippon Paper Industries Co., Ltd. announced price increases in the domestic market for printing, communication, and industrial paper to all of its agencies. As a result, the company's revenue has increased in the long run.

Segmentation of Paper and Paperboard Packaging Market-
By Grade-
• Solid breached sulfate
• Coated unbleached kraft paperboard
• Folding boxboard
• White lined chipboard
• Glassine & greaseproof paper
• Label paper
• Others
By Type-
• Corrugated box
• Box board
• Flexible paper
By Application-
• Food
• Beverage
• Healthcare
• Personal & Healthcare
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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This release was published on openPR.