Secondary Paper & Paperboard Luxury Packaging Market Size, Share & Trends Analysis Report By Grade (Solid Bleached Sulfate, Coated Unbleached Kraft Paperboard), By End Use, By Region, And Segment Forecasts, 2024 - 2030

Secondary Paper & Paperboard Luxury Packaging Market Size, Share & Trends Analysis Report By Grade (Solid Bleached Sulfate, Coated Unbleached Kraft Paperboard), By End Use, By Region, And Segment Forecasts, 2024 - 2030

Market Size & Trends

The global secondary paper & paperboard luxury packaging market size was estimated at USD 5.87 billion in 2023 and is projected to grow at a CAGR of 4.8% from 2024 to 2030. The global market is witnessing significant growth driven by several factors, primarily increased consumer demand for sustainable and high-quality packaging solutions. As environmental consciousness rises among consumers, brands are increasingly opting for eco-friendly packaging to enhance their appeal and meet regulatory requirements. For instance, materials like recycled paperboard and biodegradable coatings are gaining popularity due to their lower environmental impact compared to traditional plastics.

One of the primary drivers is the growing emphasis on sustainability. Consumers are becoming more eco-conscious, pushing brands to adopt sustainable packaging solutions. This trend is bolstered by government regulations aimed at reducing plastic waste. Companies like Nestlé have launched initiatives to replace plastic packaging with paper-based alternatives. The introduction of recyclable and biodegradable materials in luxury packaging aligns with consumer preferences and regulatory mandates, creating a significant opportunity for market growth. The demand for visually appealing and innovative packaging is another key driver. Luxury brands are increasingly investing in distinctive packaging designs to differentiate their products and enhance brand value. For example, premium cosmetics brands are launching new products with elaborate and aesthetically pleasing packaging to attract discerning customers. This trend extends to custom packaging solutions that offer a unique unboxing experience, further driving the market growth.

Economic growth in emerging markets is leading to higher disposable incomes, increasing demand for luxury goods and, consequently, luxury packaging. Consumers in regions like Asia-Pacific and Latin America are showing a growing preference for high-quality, premium products, creating a surge in demand for secondary paper and paperboard luxury packaging. Innovations in materials and production technologies are creating new opportunities for market growth. For instance, advancements in printing technologies are enabling high-quality, intricate designs on paperboard packaging, enhancing the aesthetic appeal and functionality of the packaging.

Global Secondary Paper & Paperboard Luxury Packaging Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global secondary paper & paperboard luxury packaging market report based on grade, end use, and region:

• Grade Outlook (Revenue, USD Million, Volume, Kilotons; 2018 - 2030)
• Solid Bleached Sulfate (SBS)
• Coated unbleached Kraft Paperboard (CUK)
• White Lined Chipboard (WLC)
• Kraft Paper
• Glassine & Greaseproof Paper
• Others
• End Use Outlook (Revenue, USD Million, Volume, Kilotons; 2018 - 2030)
• Cosmetics & Fragrances
• Confectionery
• Watches & Jewellery
• Premium Beverages
• Others
• Regional Outlook (Revenue, USD Million, Volume, Kilotons; 2018 - 2030)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Central & South America
• Brazil
• Argentina
• Middle East & Africa
• Saudi Arabia
• UAE
• South Africa

Please note The report will be delivered in 4-8 business days upon order notification.