Paper Packaging Market Size - By Raw Material (Fresh Sources, Recycled Waste Paper), By Product (Folding Boxboard, Solid Unbleached Board, Solid Bleached Board, White Lined Chipboard, Containerboard), By Application (Food & Beverages) & Forecast, 2023 - 2

Paper Packaging Market Size - By Raw Material (Fresh Sources, Recycled Waste Paper), By Product (Folding Boxboard, Solid Unbleached Board, Solid Bleached Board, White Lined Chipboard, Containerboard), By Application (Food & Beverages) & Forecast, 2023 - 2032

Global Paper Packaging Market will witness 4.1% CAGR between 2023 and 2032. Increasing environmental consciousness has prompted a shift towards sustainable packaging materials, with paper being a renewable and biodegradable option. For instance, in October 2023, Sainsbury's transitioned to paper packaging for its toilet paper and kitchen towels, a move aimed at saving 55 million pieces of plastic annually. This initiative involves using recyclable paper packaging for their own-brand products in these categories.

Additionally, E-commerce expansion and a surge in online shopping have boosted the demand for paper-based packaging solutions, particularly for shipping boxes and corrugated packaging. Moreover, stringent regulations and consumer preferences for eco-friendly options are propelling the market. Innovations in paper packaging designs and printing techniques enhance its aesthetic appeal, further driving the paper packaging market outlook.

The overall Paper Packaging Market is classified based on product, application, and region.

The solid unbleached board segment will undergo significant development from 2023 to 2032. SUB, known for its strength and versatility, is in high demand for packaging applications requiring durability and rigidity. It finds extensive use in packaging consumer goods, cosmetics, and food products. Its eco-friendly characteristics and ability to withstand printing and finishing processes make SUB a preferred choice, further fueling its contribution to the paper packaging market demand.

The non-durable goods segment will register a commendable CAGR from 2023 to 2032. These include products with a shorter lifespan, such as fast-moving consumer goods (FMCG), disposable items, and perishables. Paper packaging is favored for its eco-friendliness and cost-effectiveness. As consumers become increasingly environmentally conscious, the market for sustainable, recyclable paper packaging for non-durable goods continues to expand, driven by both consumer preferences and regulatory pressures.

Europe paper packaging market will showcase an appreciable CAGR from 2023 to 2032. The region's strong emphasis on sustainability, driven by strict environmental regulations and consumer awareness, has made paper packaging a preferred choice. For instance, in September 2023, Mondi, a company specializing in sustainable packaging solutions, collaborated with rice supplier Veetee to launch paper-based packaging for dry rice products in the UK. With the shift toward eco-friendly solutions, the paper packaging market revenue in Europe continues to grow, reflecting the continent's commitment to environmental responsibility and circular economy principles.