Paper Packaging Market: Global Industry Analysis and Forecast (cs, Segmentation by Grade, Product 2024-2030) Trends, Statistics, Dynamic, End User Industry, and Region

Paper Packaging Market Overview:

Paper packaging is a cost-efficient method, which is used to protect, preserve, and transport a wide range of products. It offers benefit like lightweight, biodegradability, and recyclability that make it an essential solution for packaging. The Paper Packaging Market report by SMR helps with the segment anslysis based on the grade, product, end-use industry and region.

 

As product manufacturers are focusing on reduction of their impact on the environment, paper packaging has become a core focus for representing their innovative green corporate social conscience credentials. The multiple FMCG companies are expected to make their packaging more sustainable by 2025, which will form direct impetus to investigate and substitute away from polymer and into paperboard packaging. In the pandemic period, pulp manufacturers had forced to adjust their market strategies towards the packaging paper usage because of the pandemic-related shifts in downstream industries.

 

 

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Paper Packaging Market Dynamics:

In the current market scenario, acceleration of the ongoing structural changes in the packaging market has witnessed. The demand by evolving consumer relationship with packaging projects the Paper Packaging Market growth. Innovative technologies, customer demands are changing the shopping behaviours with an increased focus on areas such as e-commerce, health and wellbeing and a continued prioritisation on sustainable packaging. The consumer consciousness regarding sustainable packaging, strict regulations imposed by environmental protection agencies, awareness regarding the use of environment-friendly packaging products are some of the driving factors behind the global market growth.

 

Paper is an eco-friendly alternative to plastics in any packaging

 

A change in corporate standards, governmental policies regarding the environment-friendly packaging solutions, trade regulations are expected to led to a paradigm shift toward eco-friendly solutions in the packaging market.  Currently, paper containers are biodegradable and are sustainable over plastic usages. The demand for environment-friendly paper and paperboard containers are expected to increase in the near future because of their reusable, save energy, and conserve natural resources features with boost in Paper Packaging Market.

 

The ban for usage of single-use plastics drives the demand for paper packaging.

 

Ban for plastic usages drives the paper packaging market. The Bangladesh became the first country, who introduced a ban on plastic bags. Similarly, governments around the world have adopted a similar approach in efforts to protect the environment, wildlife and human health by banning usages of plastic bags. Now, more than 80 countries have a full or partial ban on single-use plastic bags, which include more than 30 African countries.

 

Paper packaging in the food-service industry

 

One of the fastest growing sector for Paper Packaging Market is the food-service. With the economy improving, the food service market is expected to see the exponential growth. Paper packaging offers benefits for consumers. In the market, there is significant competition among the players who provide quality products to the consumers.  Many packaging materials are available in the market, which fulfil the diverse packaging requirements. In recent years, there has been an increasing interest in packaging products, which are resistant to grease. Packaging for food seems to be in constant development. The materials, which is used to produce packaging that’s resistant to grease are shifting in an effort to remove fluorochemicals and replace it with a natural. Manufacturers are expected to introduce innovate solution and evolve in this area to accommodate regulations and meet the current industry demands.

 

 

Paper Packaging Market Regional Insights:

 

Paper Packaging –Key to Asia Pacific regional Growth

 

The Asia-Pacific region is one of the largest regional consumers for food products because of the presence of large-scale population. This trend is expected to continue in the near future as a result of rapid expansion of the end-user industries like food & beverage, healthcare, personal care, household care, electrical products sectors in the developing economies as China, India, South Korea, Taiwan, and other developing countries.  Many key players from different sector are focusing on the shifting their production unit to the Asia Pacific due to the availability of the cheap labor and drastically increasing economic growth rate and manufacturing industries. An increase in adoption of advanced technologies in the production of the sustainable packaging solutions are increasing the demand for paper packaging in the region during the forecast period (2024-2030). 7. Key players are forming robust footprints in the global Paper Packaging Market by mergers, acquisitions and high investment in the packaging sector.

 

The objective of the report is to present a comprehensive analysis of the Paper Packaging Market to the stakeholders in the industry. The report provides trends that are most dominant in the 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 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 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 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 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 Paper Packaging Market. The report also analyses if the 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 Paper Packaging Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Paper Packaging Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Paper Packaging Market is aided by legal factors.

 

Paper Packaging Market Scope:

Paper Packaging Market
Market Size in 2023	USD 164.04 Bn.
Market Size in 2030	USD259.99 Bn.
CAGR (2024-2030)	6.8%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Grade Carton board Containerboard Other Grade
	By Product Folding Cartons Corrugated Boxes Other Types
	By End User Industry Food & Beverage Healthcare Personal Care Household Care Electrical Products Other End User Industries
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Paper Packaging Market Key Players:

• Sonoco Products Company (US)
• Visy Industries (Australia)
• Seaboard Folding Box Company Inc. (US)
• Georgia-Pacific Corporation (US)
• MeadWestvaco (US),
• OJI Holding Corporation (Japan)
• Stora Enso Oyj (Finland)
• The Mayr-Melnhof Group (Austria)
• Paper Company (US)
• Mondi Group (UK)
• Smurfit Kappa Group (Ireland)
• DS Smith PLC (UK)
• WestRock Company (US)
• Packaging Corporation of America (US)
• Cascades Inc. (Canada)
• Nippon Paper Industries Ltd. (Japan)
• Rengo Co. Ltd. (Japan)
• Graphic Packaging International (US)
• METSÄ BOARD (Finland)

 

Regional Breakdown:

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

 

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

 

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