Paper Packaging Market Size, Share, Industry, Forecast and outlook (2023-2030)

Paper Packaging Market is segmented by product type (Corrugated, Paperboard, Cartons and Folding boxes, and Others), by Application (Food, Industrial, Pharmaceuticals, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023 - 2030

Paper Packaging Market Overview

Report on Global Paper Packaging by DataM Intelligence estimates the market to grow at a CAGR of 4.0% during the forecast period 2023 - 2030. Paper Packaging usage in eco-friendly packaging is on the rise. Demand from Industrial, Pharmaceuticals, Food in Asia Pacific is spiking. Competitive rivalry intensifies with Evergreen Packaging Inc, Oji Paper Company, DS Smith Plc and others operating in the market.

Paper packaging has been existence traditionally and offers lightweight and eco-friendly packaging features. Paper packaging contributes to environmental sustainability and is less expensive compared to other types of packaging.

Paper Packaging Market Scope and Summary

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Paper Packaging Market Trends and Dynamics

• The concerns about environmental changes and increasing demand for food packaging are driving market growth in recent years.

• Features such as cost-effectiveness, durability, non-toxicity, light-weightiness, and eco-friendly nature of paper packaging will further drive the market growth in the forecast period to 2025.

• Deforestation of paper resources is a critical restraint for market growth globally.

Paper Packaging Market Segmentation Analysis

• By product type, the market is segmented as corrugated, paperboard, cartons and folding boxes, and others. Paperboard type accounted for a significant share due to its high strength and increased use in bulk retail packaging.

• By application type, the market is segmented as food, industrial, pharmaceutical, and others. The food segment is accounted for a significant market share in recent years, mainly due to an increasing population with rising economies which drives the demand for packaged food products.

Global Paper Packaging Market Geographical Share

• By Geography the market is segmented into the Americas, Europe, Asia Pacific, and the Rest of the World. Asia Pacific region is the leading market for paper packaging in 2017 and is expected to have a dominant share over the forecast period to 2025.

• The growth is supported by increasing innovation in paper packaging products, especially from emerging countries in the Asia Pacific, besides environmental pressures.

Paper Packaging Companies and Competitive Landscape

• The competition in the industry is mainly due to the presence of various small and large-scale packaging companies globally. The key players in the Paper Packaging market are International Paper Company, Packaging Corporation of America, Evergreen Packaging Inc., and others.

• Companies are undergoing acquisitions and mergers to be competitive in the market. For instance, in November 2018, DS Smith acquired Europac, which enabled DS to be competitive and strengthened its presence in Europe.