Paper Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Paper Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global paper packaging market size reached US$ 416.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 503.1 Billion by 2028, exhibiting a growth rate (CAGR) of 2.8% during 2023-2028.

Paper packaging refers to various rigid and flexible packaging materials, including corrugated boxes, liquid paperboard cartons, paper bags & sacks, folding boxes & cases, inserts & dividers, etc. They are manufactured by bleaching fibrous compounds obtained from wood and recycled wastepaper pulp. Paper packaging materials are usually highly versatile, customizable, lightweight, durable and recyclable. They are available in a wide variety of colors, shapes and sizes to meet the individual requirement of the customers. Owing to this, they find extensive applications across retail, food and beverage, cosmetic and healthcare industries.

Paper Packaging Industry Drivers:

The growing retail and e-commerce industries, along with the growing demand for environment-friendly packaging products, currently represent as the key factors driving the growth of the market. With the rapid increase in the number of online shopping platforms, the requirement for secondary and tertiary paper packaging products has escalated significantly. Furthermore, increasing consciousness among consumers regarding sustainable packaging and the implementation of favourable government policies are providing a boost to the market growth. Governments of various developed and emerging nations are promoting the usage of paper-based products as an alternative to plastic for minimizing pollution and toxin levels in the environment. Additionally, the rapidly growing food and beverages industry across the globe is acting as another growth-inducing factor. Food manufacturing organizations are adopting food-grade paper packaging products to retain the nutrient content and maintain the quality of the food contents. Other factors, including various product innovations to enhance the efficiency of the product and to produce visually appealing variants are projected to drive the paper packaging market growth in the upcoming years. 

Key Market Segmentation: 

IMARC Group provides an analysis of the key trends in each sub-segment of the global paper packaging market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, grade, packaging level and end use industry.

Breakup by Product Type:

Corrugated Boxes
Folding Boxes and Cases
Liquid Paperboard Cartons
Paper Bags and Sacks
Others
 

Breakup by Grade:

Solid Bleached
Coated Recycled
Uncoated Recycled
Others
 

Breakup by Packaging Level:

Primary Packaging
Secondary Packaging
Tertiary Packaging
 

Breakup by End-Use Industry:

Food
Beverages
Personal Care and Home Care
Healthcare
Others
 

Breakup by Region:

North America

United States
Canada


Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others


Asia Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others


Latin America

Brazil
Mexico
Argentina
Colombia
Chile
Peru
Others


Middle East and Africa

Turkey
Saudi Arabia
Iran
United Arab Emirates
Others

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Amcor, DS Smith, Evergreen Group, Holmen, Hood Packaging Corporation, Huhtamäki, International Paper Company, Kapstone LLC, Mayr-Melnhof, Mondi Group, Pratt Industries, WestRock Inc., etc.

Key Questions Answered in This Report:

What was the size of the global paper packaging market in 2022?
What is the expected growth rate of the global paper packaging market during 2023-2028?
What has been the impact of COVID-19 on the global paper packaging market?
What are the key factors driving the global paper packaging market?
What is the breakup of the global paper packaging market based on the product type?
What is the breakup of the global paper packaging market based on grade?
What is the breakup of the global paper packaging market based on the packaging level?
What is the breakup of the global paper packaging market based on the end-use industry?
What are the key regions in the global paper packaging market?
Who are the key players/companies in the global paper packaging market?