Paper & Paperboard Packaging Market to Reach $347B by 2034

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 emerged as a critical segment within the broader packaging industry, encompassing applications across a wide array of product categories, including small-scale uses. The manufacturing process for paper-based packaging is relatively uncomplicated and requires moderate capital investment, making it accessible to a diverse range of market participants. Primarily functioning as an external protective layer, this packaging format ensures the secure storage, handling, and transportation of goods.

Market expansion is being driven by growing demand from sectors such as healthcare, where paperboard packaging is widely utilized. Increasing environmental awareness and a rising consumer preference for sustainable packaging solutions are further supporting growth. The food and beverage industry, in particular, is adopting paper-based alternatives due to their recyclability and reduced ecological footprint.

Additionally, mounting concerns regarding the environmental impact of plastic packaging have prompted e-commerce companies to adopt paper-based materials over conventional plastics. This trend is anticipated to accelerate the uptake of paper and paperboard packaging, solidifying its position as a key 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 growth of the paper and paperboard packaging market is being primarily fueled by an increasing focus on environmentally sustainable packaging solutions. Rising consumer preference for recycled and biodegradable products has strengthened the recovered paper sector. As sustainability becomes a core consideration across industries, paper and paperboard packaging is increasingly viewed as a viable alternative to conventional plastics. Its eco-friendly attributes, including recyclability and biodegradability, are driving adoption across sectors such as retail, wholesale, and food services, thereby supporting global market expansion.

Challenges:
Despite its environmental benefits, paper and paperboard packaging faces significant competition from flexible plastic packaging, which continues to be widely used by manufacturers and retailers. Flexible plastics are favored due to their lightweight nature, which reduces shipping, storage, and warehousing costs.

Furthermore, they offer value-added features such as resealability, single-serve convenience, and enhanced shelf appeal. In the food industry, products packaged in flexible pouches often retain freshness and flavor more effectively than traditional containers, reinforcing the preference for plastic solutions among consumers prioritizing convenience and cost efficiency.

Regional Trends:
The Asia-Pacific region is anticipated to secure a substantial share of the global paper and paperboard packaging market, with strong growth projected over the forecast period. This expansion is primarily driven by the rapid development of the food and beverage sector in populous countries such as India and China. Increasing consumer demand, coupled with higher foreign direct investment by multinational corporations seeking regional opportunities, is further supporting market growth.

In Europe, Germany has emerged as a key market contributor, supported by strong consumer awareness of recycling practices and initiatives aimed at reducing plastic usage. The region's focus on sustainable packaging solutions is fostering steady adoption of paper and paperboard packaging, strengthening its 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.