Paperboard Packaging Market on Track for Strong Growth, Estimated to Grow at 7.6% CAGR Through 2029

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What Is the Expected CAGR for the Paperboard Packaging Market Through 2025?
The paperboard packaging market has grown steadily in recent years. It will rise from $213.03 billion in 2024 to $221.76 billion in 2025, achieving a CAGR of 4.1%. Drivers included sustainability demand, shift from plastics, eco-friendly brand positioning, regulatory measures, and paperboard's cost efficiency.

What's the Projected Size of the Global Paperboard Packaging Market by 2029?
Anticipated to witness notable expansion in the upcoming years, the paperboard packaging market is predicted to reach a worth of $296.77 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.6%. The compelling growth in the projection period can be tied to enhanced demand for packaging convenience, evolving needs regarding product safety, health precautions, tailored and branded packaging, as well as cost-effectiveness. The forecast period is likely to observe major tendencies such as the escalating demand for environmentally-friendly packaging, brand dedication towards sustainability, advancements in design and printing techniques, flexibility, and mounting demands from the retail sector.

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Top Growth Drivers in the Paperboard Packaging Industry: What's Accelerating the Market?
The anticipated growth of the paperboard packaging market is significantly attributed to the escalated consumption of packaged food. This type of food is wrapped to ensure there's no direct exposure to the environment, and this wrapping can either be permeable or impermeable. The usual packaging for such foods is paperboard as it doesn't damage the food product. Items such as dry meals, milk products, and frozen foods are typically packaged in paperboard folding cartons. As stated in a Zawya report published in September 2022, a UAE-based media portal, the demand for packaged food is predicted to rise by 21%, amounting to 44 million tons by 2026. Specific regions are expected to see significant growth in the consumption of packaged food, with predictions stating a 28% increase in Iraq, 22% in Saudi Arabia, and 19% in the UAE. The escalation in the consumption of packaged food, therefore, propels the growth of the paperboard packaging market.

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What Trends Will Shape the Paperboard Packaging Market Through 2029 and Beyond?
Major companies in the paperboard packaging market, like Stagione Light, are concentrating on developing technologically sophisticated solutions in response to various imperative industry requirements. As an example, in September 2024, Colpac, a US-based packaging services company, stated that Stagione Light unveiled a new series of paperboard packaging specifically crafted for the foodservice and retail sectors. This pioneering packaging, built for hot and cold meals, boasts a grease-resistant barrier and a leakproof feature, providing trust-worthy solutions for damp foods. The packaging, manufactured from FSC-certified recyclable paperboard, adheres to UK and European recycling regulations and comes in three different sizes. With the aim of offering lighter, greener alternatives while preserving the distinctive design of Colpac's original Stagione range, it also enhances brand visibility with its adjustable printing features. This move highlights the dedication of Colpac towards backing the expanding food-to-go market with environmentally responsible solutions.

What Are the Main Segments in the Paperboard Packaging Market?
The paperboard packaging market covered in this report is segmented -

1) By Type: Corrugated Box, Boxboard, Flexible Paper
2) By Grade: Solid Bleached Sulfate (SBS), Coated unbleached kraft paperboard (CUK), White Lined Chipboard (WLC), Glassine & Greaseproof Paper, Label Paper, Other Grades
3) By Raw Material: Fresh source, Recycled waste paper
4) By End-User Industry: Food, Beverage, Healthcare, Personal Care, Household Care, Electrical Products, Other End-User Industries

Subsegments:
1) By Corrugated Box: Regular Slotted Container (RSC), Half Slotted Container (HSC), Full Overlap Flap Container (FOF), Die-Cut Boxes, Multi-Depth Boxes
2) By Boxboard: Folding Boxboard, Solid Bleached Sulfate (SBS), Coated Unbleached Kraft (CUK), Coated Recycled Board (CRB), Uncoated Recycled Board (URB)
3) By Flexible Paper: Paper Bags, Wrapping Paper, Pouches, Laminated Paper, Paper Sleeves

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Which Top Companies are Driving Growth in the Paperboard Packaging Market?
Major companies operating in the paperboard packaging market include WestRock Company, The International Paper Company, Smurfit Kappa Group plc, Georgia Pacific LLC, Amcor Ltd., Oji Holdings Corporation, Stora Enso Oyj, DS Smith plc, Mondi plc, Graphic Packaging International LLC, Packaging Corporation of America, Sappi Limited, Sonoco Products Company, Rengo Co Ltd., Evergreen Packaging Inc., Huhtamaki Oyj, BillerudKorsnas AB, Cascades Inc., Metsa Board Corporation, Clearwater Paper Corporation, Nippon Paper Industries Co Ltd.

Which Regions Will Dominate the Paperboard Packaging Market Through 2029?
Asia-Pacific was the largest region in the paperboard packaging market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the paperboard packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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