Paper and Paperboard Packaging Market expected to Witness Huge Revenue Growth to 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 is estimated to reach over USD 347.35 billion by 2034, exhibiting a CAGR of 5.1% during the forecast period.

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Paper and paperboard packaging has evolved into a standard and necessary component of items used on a daily basis, even for minor purposes. Paper packaging is relatively simple and does not require significant initial expenditure. Paper packaging is when the paper is used as an exterior layer on a product. It is used to safeguard, store, and transport goods.

The primary factors driving the growth of the paper and paperboard packaging market are the increasing demand for paperboard packaging boxes from the healthcare industry, increasing awareness pertaining to sustainable packaging material, adoption of eco-friendly packaging and growing adoption of paper-based packaging in the food industry.

Furthermore, rising plastic material sustainability difficulties are prompting e-commerce enterprises to replace flexible plastic packaging with paper packaging, which is likely to boost growth in the paper & paperboard packaging market.

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

Market Dynamics:
Drivers-
The Paperboard Packaging Market is being driven by environmentally conscious consumers who prefer paper and paperboard packaging over alternative solutions. The growing emphasis on sustainability, recycling, and biodegradable materials is increasing consumer demand for eco-friendly products. Paper and paperboard containers are more sustainable than plastic and are widely adopted across industries such as retail and wholesale, supporting the expansion of the global market.

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Challenges:
Flexible plastic packaging continues to offer significant advantages to manufacturers and retailers, including reduced weight, lower shipping and storage costs, and enhanced convenience for consumers through features like single-serve portions, easy-to-open designs, and superior food preservation in retort pouches compared to traditional tin cans. The growing consumer preference for convenience and portability is encouraging many packaging manufacturers to shift from rigid materials to flexible alternatives, which poses a challenge to the adoption of paperboard packaging.

Regional Trends:
The Asia-Pacific region is expected to capture a significant share of the paper and paperboard packaging market, driven by the rapid growth of the food and beverage sector in countries like India and China, fueled by increasing population and rising demand for packaged food products. The region is also witnessing substantial foreign investment and the entry of multinational brands seeking to leverage the market potential. In Europe, particularly Germany, the market is experiencing strong growth due to heightened awareness of recycling and a shift away from plastic packaging.

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.

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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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