North America Paper Packaging Market: Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation by Grade, Product, End User Industry, and Region.

North America Paper Packaging Market Overview:

The North America paper packaging market is expected to grow at a rate of 5% CAGR during the forecast period, thanks to deployment of paper by host of players operating in the country.

 

The paper packaging sector is getting more attention and society tries to achieve a more circular economy. In the North America, Consumers are becoming more aware of available packaging choices, which is turning to influence packaging decisions by businesses mainly in retail sector. U.S. consumers are becoming increasingly aware of the environmental impacts of their packaging choices. consumers are concerned with the impacts of their packaging choices and prefer paper-based packaging is better for the environment.

 

 

To get more Insights: Request Free Sample Report

 

North America Paper Packaging Market Dynamics:

U.S. Consumers Are Preferring Paper-Based Packaging for The Environment Than Other Packaging Materials

In the pandemic period, when physical stores were closed, the boom in online shopping resulted in record numbers of paper packages on consumers’ doorsteps.  An increase in awareness of the materials used to package and ship products, and the impact those materials on the environment are expected to drive the growth of North America paper packaging market. In the North America, Consumers are preferring paper/cardboard packaging on other environmental attributes, which are home compostable and easier to recycle. Brands and retailers are playing vital role in driving innovation and the use of recyclable packaging. An increase in consumer pressure to operate more sustainably, retailers are shifting their packaging solution from plastic to paper packaging.

 

paper is the perfect packaging choice, which can save the planet from the adverse effects of plastic pollution. Am increase in awareness toward environmental hazards, which are related to the disposal and recycling of packaging, government initiatives and increasingly stringent regulations are some of the prominent driving factors behind the North America paper packaging market. on the other hand, environmental concerns associated to raw materials for packaging and price competition among key players operating in the market are expected to limit the North America paper packaging market growth.

 

North America Paper Packaging Market Segment Analysis:

Food service industry has a high demand for paper packaging.

The United States is expected to hold dominant position in folding carton packaging market in the North America. The food is expected to continue as the main end-user of folding cartons. The US food industry is expected to boom at a steady rate of 2.7% CAGR during the forecast period. High reliance of customers on packaged food products, adoption of eco-friendly packaging by food companies, changing regulatory scenario with an increased emphasis on environmental protection are some of the reasons, which are expected to drive the demand for North America paper packaging market.

 

 

North America Paper Packaging Market Regional Insights:

United States: Holding the dominant position in North America Paper Packaging Market

In the United States, more than 60% of all communities collect and recycle paperboard packaging. Key players operating in the market are focusing on introducing recyclable paper board products. For instance, Cascades company has launched a cardboard tray made from recyclable fibers. In the USA, more than 66% of paper-based packaging and nearly 89% of corrugated cardboard gets recycled into new products. The recycling rates are expected to increase because of the paper packaging market is increasing its investment in the recycling infrastructure.

 

North America Paper Packaging Market Competitive Landscape:

Key players operating in the market are forming footprint in the North America Paper Packaging Market by Mergers, Acquisitions and High investment in the packaging sector.

 

In 2021, WestRock company has introduced Evergrow Fiber-based packaging collection, which is used as alternative for single-use plastic packaging.

 

In 2021, Packaging Corporation of America has announced conversion of Jackson, AL Mill paper machine to a high-performance virgin linerboard to meet strong packaging demand and maintain appropriate inventory levels.

 

The objective of the report is to present a comprehensive analysis of the North America Paper Packaging Market to the stakeholders in the industry. The report provides trends that are most dominant in the North America Paper Packaging Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the North America Paper Packaging Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the North America Paper Packaging Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the North America Paper Packaging Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the North America Paper Packaging Market.

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the North America Paper Packaging Market. The report also analyses if the North America Paper Packaging Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the North America Paper Packaging Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the North America Paper Packaging Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the North America Paper Packaging Market is aided by legal factors.

 

North America Paper Packaging Market Scope:

North America Paper Packaging Market
Market Size in 2023	USD 48.14 Bn.
Market Size in 2030	USD 67.74 Bn.
CAGR (2024-2030)	5%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By   Product   Residential Commercial Industrial
	By End User Fixed Portable
Country Scope	United States Canada Mexico

 

North America Paper Packaging Market Players

•    International Paper Company
•    WestRock Company
•    Cascades Inc.
•    Packaging Corporation of America
•    Graphic Packaging International
•    Sonoco Productions Compnay
•    Canada Paper and Packaging Co. Ltd.
•    Paper Packaging Canada
•    Sealed Air Corp.
•    Proampac
•    Lancaster Packaging
•    Nichols Paper Co., Inc.
•    Papertec, Inc.
•    Thermal Products Company, Inc.