Ottawa, Aug. 14, 2024 (GLOBE NEWSWIRE) -- The global paper and paperboard packaging market size is predicted to cross around USD 452.74 billion by 2032 increasing from USD 310.49 billion in 2023, a study published by Towards Packaging a sister firm of Precedence Statistics.
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Paper and Paperboard Packaging Market at a Glance
Paper and paperboard packaging is widely utilized in transportation of products due to its cost-effective, sustainable and durable properties. Along with these qualities, preserving the freshness and providing easy opening manoeuvre of the product to the consumer are the leading objectives of the market. The awareness among the consumers has increased the environmental consciousness and the consequence demands sustainability, which is observed to support the expansion of the paper and paperboard packaging market.
With the advancements of technologies and changing consumer behaviour in the industry, the paper and paperboard market has experienced multiple innovations such as packaging solutions with aesthetic appearance, eco-friendly packaging and advanced materials. Along with it, the smart packaging solutions across the industry.
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Urbanization and Environmental awareness drive the paper and paperboard packaging market
Urbanization interconnects many factors together which are the food and beverage market, personal care market, pharmaceutical market and all these market use material for packaging their products which should be environmentally sustainable and should also follow the strict government regulations. All these sectors drive the paper packaging market which fulfils all the features mentioned by the market costumers. E-commerce is also another driving factor for the demand of shipping boxes and other paper-based packaging market. Here, e-commerce is the result of rising incomes of the middle class which heightens the consumption of packaged products.
Environmental Concerns to Create Restraint for the Market
The paper packaging material which is made from wood pulp is the product of trees and excessive reliance on this can lead to environmental hazards and deforestation. An additional factor, water, whose consumption is necessary for the energy source to produce the packaging material will lead to water problems, in general scarcity. Although the purchase of paper packaging material seems cost-effective to the common consumer, it is the opposite for the other sectors. Apart from this, opposite alternative packaging materials are the intense competitive hindrances for the paper packaging market. The materials like plastic and aluminium are the competitors where the price and profit margins are getting affected. Government regulations regarding can also maximize the costs and imply strict packaging policies.
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Rising Demand for E-friendly Packaging to Create Opportunity
Paper being a recycled and biodegradable-based material is a magnum opus for the paper packaging market. The eco-friendly and sustainability demand has paved away for the market to use materials like recycled paper, bagasse and bamboo as a resource to maintain and respect the initiative and awareness of consumers and the government. The e-commerce growth, food and beverage industry, personal care and cosmetics, and pharmaceutical and healthcare industry are the groundbreaking factors which presents multiple opportunities for the paper and paperboard packaging market. All these sectors use sustainable and aesthetic packaging to expand their brand and reputation. Although the factors are minor, other services which add value to the packaging include design, development and testing of the material also create opportunity for the market. The leading companies in the market leverage all the opportunities consequently rising the paper and paperboard packaging market.
Regional Insights
Asia-pacific is the leading region for the paper and paperboard packaging market. The market in this region is driven by food and beverages, sustainable packaging rapid urbanization, increasing incomes, and emerging e-commerce sector. Countries like Japan, China, and India are the major contributors, given the reason that they have large populations and growing economies.
In May 2024, Indian Paper Manufactures Association in a statement has said that increasing imports of printing paper, coated paper and paperboard are posing a threat to India’s Make in India initiative, ‘Atmanirbhar Bharat’, and also to the domestic industry. The imports have increased by 34% to 19.3 lakh tonnes in 2023-2024, driven by shipments from ASEAN countries. IPMA has requested the government to raise the basic customs duty on from 10% to 25% on the import of paper and paperboard.
North America has established itself as the mature market with its focus on sustainability, given the reason it has developed infrastructure as its support system. In addition, recycling and reuse system had given them the advantage to circular economy. Luxury brands and cosmetics are the highest contributors of the paper packaging market in the USA.
In March 2024, Aptar, a North American manufacturing company, had launched Halo pack’s paperboard tray which is produced with Forest Stewardship Council certified recycled cardboard and contains minimal amount of film, can be recycled in existing cardboard streams once the film is removed. The use of cardboard materials by Halo pack achieves 90% reduction in plastic. The tray is available in wide range such as skin pack, clamshell, freezable, microwave and oven able and also includes modified atmosphere packaging.
Europe is the remarked as the sustainability leader. The strict regulations related to environmental awareness is what drives the region to adapt and abide the eco-friendly packaging solution. The prioritization of waste management and a focus on recycling system is the goal for the region. Germany and Sweden are the leading contributors in paper and paperboard packaging market.
In June 2024, Sappi Europe launched Algro Volume as its latest addition, which is recyclable and made of 100% virgin fibres. It covers features likes Oder neutrality and suitability as per PFR, German Federal Institute for Risk Assessment, the US food and Drug administration and Austrian food legislation. The food and beverage, pharmaceutical and personal care sector are the leading consumers of the product.
Major Breakthroughs in the Paper and Paperboard Market
- In December 2023, McCormack Family Farms in collaboration with Smurfit Kappa produced a water-resisting coating cardboard trays which are resilient to the moisture, bio-degradable in nature and is a potential solution against the plastic bags. The company leans towards sustainable recycled packaging.
- In November 2023, Dutch Government launched a statement for Notpla, a seaweed-based packaging company, which had launched its product in regulations following the recyclable and plastic free drive. The government recognized the product as plastic free as per the EU Single-Use Plastic Drive and the company hopes to replace the plastic packaging units in Netherland.
The Folding Cartons Segment is Observed to Remain as a Widely Used
Folding cartons offer high versatility in terms of design, size, and shape, making them suitable for a wide range of products across various industries, including food and beverages, pharmaceuticals, cosmetics, and consumer electronics. With increasing consumer and regulatory demand for environmentally friendly packaging, folding cartons, which are recyclable and often made from recycled materials, are favored over plastic alternatives. This aligns with the global push towards sustainability and reducing plastic waste.
The Food and Beverage Industry to Sustain as a Leader in the Market
The food and beverages segment is observed to sustain as a leader in the paper and paperboard market in the upcoming years. The expansion of e-commerce, particularly in the food and beverage sector, has increased the demand for sturdy and reliable packaging solutions that can withstand the rigors of shipping. Paper and paperboard provide the necessary strength and protection for these products during transit. Paper and paperboard offer excellent printing and branding opportunities, allowing food and beverage companies to create visually appealing and distinctive packaging that enhances product visibility and brand recognition.
More Insights Towards Packaging
PCR Plastic Packaging Market Size, Share and Growth
The global PCR plastic packaging market size anticipated to rise from USD 39.78 billion in 2022 to secure a forecasted USD 72.93 billion by 2032 at a growing CAGR of 6.3% between 2023 and 2032.
Baby Food Packaging Market Size, Share and Companies
The baby food packaging market size envisaged to surge from USD 62.21 billion in 2022 to hit a presumed USD 128.80 billion by 2032, at a growing CAGR of 7.6% CAGR between 2023 and 2032.
Personal Care Packaging Market Size and Companies
The personal care packaging market size predicted to climb from USD 32.48 billion in 2022 attain a calculated USD 59.55 billion by 2032, growing at a CAGR of 6.3% from 2023 to 2032.
- The global food service packaging market size is anticipated to rise from USD 94.37 billion in 2022 to achieve an approximation USD 160.44 billion by 2032, growing at a 5.5% CAGR between 2023 and 2032.
- The global pharmaceutical plastic packaging market size to expand from USD 51,781.4 million in 2022 to obtain a projected USD 97,654.56 million by 2032, growing at a 6.6% CAGR between 2023 and 2032.
- The global single-use packaging market size predicted to climb from USD 37.48 billion in 2022 to hit a presumed USD 63.74 billion by 2032 at a growing CAGR of 5.46% CAGR between 2023 and 2032.
- The global alcoholic beverage packaging market size expected to increase from USD 66.68 billion in 2022 to obtain a projected USD 116.63 billion by 2032 at a growing CAGR of 5.8% CAGR between 2023 and 2032.
- The global form-fill-seal packaging market size anticipated to rise from USD 8.97 billion in 2022 to attain a calculated USD 14.96 billion by 2032 at a growing CAGR of 5.3% CAGR between 2023 and 2032.
- The global pet care packaging market size forecasted to expand from USD 11.2 billion in 2022 to reaching an estimated USD 17.52 billion by 2032 at a growing CAGR of 4.6% CAGR between 2023 and 2032.
- The worldwide refillable packaging market size forecasted to expand from USD 41.50 billion in 2022 to reaching an estimated USD 61.72 billion by 2032 at a growing CAGR of 4.1% CAGR between 2023 and 2032.
Top Companies in the Paper and Paperboard Packaging Market
- Smurfit Kappa
- WestRock
- International Paper
- Mondi
- DS Smith
- Tetra Pak
- Stora Enso
- UPM-Kymmene
- Pactiv Evergreen
- Amcor
- Oji Holdings
Paper and Paperboard Packaging Market TOC
Introduction
- Research Objective
- Scope of the Study
- Definition and Taxonomy
Research Methodology
- Research Approach
- Data Sources
- Assumptions
Executive Summary
- Synopsis
- Analyst Recommendations
Market Overview
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Value chain analysis
- Raw Material Sourcing
- Manufacturing Process
- Logistics & Transportation
- Buyer Preferences
- Trends
- Market Trends
- Technological Trends
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitute
- Threat of New Entrants
- Degree of Competition
- PESTLE Analysis for 5 Leading Countries
- Regulatory Framework for Leading Countries/Regions
- Supply Demand Analysis
- Production & Consumption Statistics
- Export Import Statistics
- Price Trend Analysis
Global Paper and Paperboard Packaging Market Assessment
- Overview
- Global Paper and Paperboard Packaging Market Size Value (US$) and Volume (Billion Tons), By Product Type (2021 – 2033)
- Folding Cartons
- Corrugated box
- Boxboard
- Others
- Global Paper and Paperboard Packaging Market Size Value (US$) and Volume (Billion Tons), By Packaging Type (2021 – 2033)
- Paper Bags
- Paper cups
- Pouches
- Containers
- Others
- Global Paper and Paperboard Packaging Market Size Value (US$) and Volume (Billion Tons), By End Use Type (2021 – 2033)
- Food & Beverage
- Healthcare
- Personal Care
- Industrial
- Global Paper and Paperboard Packaging Market Size Value (US$) and Volume (Billion Tons), By Region Type (2021 – 2033)
- Asia Pacific
- North America
- Europe
- LAMEA
Asia Pacific Paper and Paperboard Packaging Market Assessment
- Overview
- Asia Pacific Paper and Paperboard Packaging Market Size Value (US$) and Volume (Billion Tons), By Product Type (2021 – 2033)
- Folding Cartons
- Corrugated box
- Boxboard
- Others
- Asia Pacific Paper and Paperboard Packaging Market Size Value (US$) and Volume (Billion Tons), By Packaging Type (2021 – 2033)
- Paper Bags
- Paper cups
- Pouches
- Containers
- Others
- Asia Pacific Paper and Paperboard Packaging Market Size Value (US$) and Volume (Billion Tons), By End Use Type (2021 – 2033)
- Food & Beverage
- Healthcare
- Personal Care
- Industrial
North America Paper and Paperboard Packaging Market Assessment
- Overview
- North America Paper and Paperboard Packaging Market Size Value (US$) and Volume (Billion Tons), By Product Type (2021 – 2033)
- Folding Cartons
- Corrugated box
- Boxboard
- Others
- North America Paper and Paperboard Packaging Market Size Value (US$) and Volume (Billion Tons), By Packaging Type (2021 – 2033)
- Paper Bags
- Paper cups
- Pouches
- Containers
- Others
- North America Paper and Paperboard Packaging Market Size Value (US$) and Volume (Billion Tons), By End Use Type (2021 – 2033)
- Food & Beverage
- Healthcare
- Personal Care
- Industrial
Europe Paper and Paperboard Packaging Market Assessment
- Overview
- Europe Paper and Paperboard Packaging Market Size Value (US$) and Volume (Billion Tons), By Product Type (2021 – 2033)
- Folding Cartons
- Corrugated box
- Boxboard
- Others
- Europe Paper and Paperboard Packaging Market Size Value (US$) and Volume (Billion Tons), By Packaging Type (2021 – 2033)
- Paper Bags
- Paper cups
- Pouches
- Containers
- Others
- Europe Paper and Paperboard Packaging Market Size Value (US$) and Volume (Billion Tons), By End Use Type (2021 – 2033)
- Food & Beverage
- Healthcare
- Personal Care
- Industrial
LAMEA Paper and Paperboard Packaging Market Assessment
- Overview
- LAMEA Paper and Paperboard Packaging Market Size Value (US$) and Volume (Billion Tons), By Product Type (2021 – 2033)
- Folding Cartons
- Corrugated box
- Boxboard
- Others
- LAMEA Paper and Paperboard Packaging Market Size Value (US$) and Volume (Billion Tons), By Packaging Type (2021 – 2033)
- Paper Bags
- Paper cups
- Pouches
- Containers
- Others
- LAMEA Paper and Paperboard Packaging Market Size Value (US$) and Volume (Billion Tons), By End Use Type (2021 – 2033)
- Food & Beverage
- Healthcare
- Personal Care
- Industrial
Company Profile
- International Paper Company
- Company Overview
- Geographic Footprints
- Financial Performance
- Product Portfolio
- SWOT Analysis
- R&D Efforts
- Recent Developments & Strategic Collaborations
- Product Launch/M&A/Technical Collaboration
- Clearwater Paper Corporation
- Shandong Bohui Paper Company Ltd
- Mondi Group
- ITC Ltd
- DS Smith Plc
- Smurfit Kappa Group Plc
- WestRock Company
- Svenska Cellulosa Aktiebolaget
- Oji Holdings Corporation
- Nippon Paper Industries Co. Ltd
- South Africa Pulp and Paper Industries Ltd
Conclusion & Recommendations
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Towards Packaging is a leading global consulting firm specializing in providing comprehensive and strategic research solutions. With a highly skilled and experienced consultant team, we offer a wide range of services designed to empower businesses with valuable insights and actionable recommendations. We stay abreast of the latest industry trends and emerging markets to provide our clients with an unrivalled understanding of their respective sectors. We adhere to rigorous research methodologies, combining primary and secondary research to ensure accuracy and reliability. Our data-driven approach and advanced analytics enable us to unearth actionable insights and make informed recommendations. We are committed to delivering excellence in all our endeavours. Our dedication to quality and continuous improvement has earned us the trust and loyalty of clients worldwide.
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