The Paperboard Packaging Market size is estimated at USD 373.42 million in 2024, and is expected to reach USD 466.24 million by 2029, growing at a CAGR of 4.54% during the forecast period (2024-2029).
The market is expected to be driven by the expansion of e-commerce and the cosmetic and personal care packaging sectors during the forecast period. The demand for paper packaging is predicted to rise as a result of the expansion of the medical industry also, which accounts for a significant portion of non-durable products.
The global paperboard packaging market is highly fragmented. The major players operating in the market are focusing on innovating new products and entering into strategic acquisitions to strengthen their market presence. Some of the major players operating in the market include Nippon Paper Industries Co. Ltd, Mondi, Metsa Board, WestRock Company, and ITC Limited, among others.
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