Paper Packaging Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Paper Packaging Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Paper Packaging Market

The Paper Packaging market size was valued at USD 348 billion in 2023, and the market is now projected to grow from USD 362 billion in 2024 to USD 488 billion by 2032, exhibiting a CAGR of 4.38% during the forecast period of 2024-2032.

After the lift up of widespread, there was an increment in e-commerce exercises, which driven to an increment within the demand for items such as collapsing cartons, boxes, and defensive packaging for online conveyances. In addition, cafes and eateries exchanged toward takeout and nourishment conveyance models, and there was more request for paper utilized in sacks, wraps, and food holders. Furthermore, a critical rise within the request for certain items from the end-use businesses will proceed to drive the paper packaging market growth amid the estimate period.

The rising number of online food deliveries with a center on feasible bundling arrangements is expanding the paper bundling advertise share. Businesses and shoppers are emphasizing bundling materials that are recyclable, biodegradable, and renewable, expanding in request for paper-based packaging arrangements. With the rising mindfulness of plastic contamination and its natural suggestions, a critical move has been watched from single utilize plastics to paper-based options within the food & refreshments industry, which is fueling the development of the advertise.

Paper packaging is made of mash, which can be reused. Reusing helps in diminishing the requirement for strong waste transfer. Reusing item spares tons of waste created from packaging, subsequently sparing noteworthy landfill space and further supports the market development. Additionally, the expanding direction of non-biodegradable materials has driven to a crest in request for paper and paperboard packaging. In this way, reusing acts as a driving calculate for the development of the advertise as customers are progressively slanted toward utilizing reused and eco-friendly items.

Comprehensive Analysis of Paper Packaging Market

The market structure for paper packaging on the material analysis is further bifurcated into specialty paper, molded pulp, kraft paper, corrugated board and others. Among these materials, the corrugated board flourished a bit high in the market. The packaging type analysis is segmented as wraps, corrugated boxes, cups and trays, folding carton, bags and sacks. The corrugated boxes tamed the market arena for material type. The end-use industry analysis on the division is further stated as healthcare, personal care and cosmetics, electrical and electronic, home care, automotive and industrial, food and beverage. With the rise of paper packaging in the frozen food, packaged fast food and fresh foods the food and beverage segment were on the rise.

The ruling region in the nationwide the Asia Pacific region was valued at USD 129.97 billion impacting a leading paper packaging market share. The quick development of the nourishment and refreshments and e-commerce businesses drives the development of the market within the region. The developing nearness of producers and the expanding number of government activities for maintainable bundling arrangements assist contribute to territorial development.

The worldwide market is exceedingly divided and competitive. In terms of advertise share, the few major players rule the market by advertising imaginative packaging within the packaging industry. These major players are continually centering on advancement and growing their client base over the regions. An array of prominent players operating on the market pool are enlisted as DS Smith PLC (U.K.), Rengo Co. Ltd. (Japan), Georgia-Pacific Corporation (U.S.), Billerud (Sweden), WestRock Company (U.S.), Napco National (Saudi Arabia), Mondi Group Plc (U.K.), Hood Packaging Corporation (U.S.), and others.

In September 2023, the company Mondi and Veetee propelled the primary paper-based packaging for dry rice within the U.K. The bundling is made utilizing Mondi's recyclable useful boundary paper and was developed for Veetee's cost extend. This packaging could be a coordinate substitution for plastic.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Unit Value (USD Million)

Growth Rate CAGR of 10.64% from 2024-2032

Segmentation By Type

Pure Oil

Blend

By Application

Food & Beverages

Fragrances, Personal Care & Aromatherapy

Pharmaceuticals and Medicinal Formulations

Others

By Region

North America (By Type, Application, and Country)

U.S. (By Application)

Canada (By Application)

Mexico (By Application)

Europe (By Type, Application, and Country)

Germany (By Application)

France (By Application)

Italy (By Application)

Spain (By Application)

U.K. (By Application)

Rest of Europe (By Application)

Asia Pacific (By Type, Application, and Country)

China (By Application)

India (By Application)

Japan (By Application)

Australia (By Application)

Rest of Asia Pacific (By Application)

South America (By Type, Application, and Country)

Brazil (By Application)

Argentina (By Application)

Rest of South America (By Application)

Middle East and Africa (By Type, Application, and Country)

South Africa (By Application)

UAE (By Application)

Rest of ME&A (By Application)

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