Paper Packaging Market, by Product Type (Liquid packaging cartons, Corrugated cases, Carton & folding boxes, Others), by Application (Beverages, Fast foods, Fresh foods, Dairy & bakery, Frozen foods, Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Paper-based packaging is a lightweight and cost-efficient packaging solution that provides proper protection to a wide range of products. Containerboard, paperboard, paper bags, and shipping sacks are type of paper-based packaging. Containerboard is produced by using cardboard, paperboard is thick and paper-based packaging bag comes in various grades that possess unique properties that are ideal for packaging of cereals, cosmetic boxes, and medicine. Paper bag is produced by using Kraft paper and available in different shapes and sizes. Shipping sacks are multi-wall paper sacks and mostly used to ship bulk products.
Market Dynamics:
Increasing adoption of paper recycling technologies and rising R&D activities by the government and manufacturers are expected to present lucrative opportunities to the market. The growing demand for paper packaging to provide an aesthetic look to the packaged product is also expected to augment the market growth of paper-based packaging. Rising demand for corrugated cases for shipping of material in bulk amount is further projected to augment the market growth of the paper-based packaging.
The growing government regulations and ban on the single use plastic items is driving market for the paper packaging market. For instance, according to an Indian government’s Ministry of Environment, Forest and Climate Change on June 22, 2022, India will ban manufacture, import, stocking, distribution, sale and use of identified single use plastic items, which have low utility and high littering potential, all across the country from July 1, 2022. India generates 3.5 million tonnes of single use plastic per day, the ban on the single use plastic will stop the usage of single use plastic.
Paper packaging can be easily recycled and does not pose any threat to the environment. The global push for recyclability in the paper packaging market will create enormous opportunities for recycling companies globally. With the growing demand for packaging in the key end-use sectors such as food & beverages, electrical & electronics, and e-commerce industries, the demand for corrugated boxes and cartons is expected to witness significant growth in paper packaging during the forecast period.
Key features of the study:
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