Paper & Paperboard Packaging Market - Industry Structure Evaluation, Demand Drivers Analysis, Regional Growth Analysis and Identification, Competitive Positioning Review & Global Market Size Forecast to 2029
Overview
Paper & Paperboard Packaging Market is expected to grow at a CAGR of 3.5% during the forecast period and is expected to reach US$ 241 Bn by 2029.
Paper & Paperboard Packaging Definition:
Paper and paperboard are sheet materials made up of an interlaced network of cellulose fibres. These materials are printable and have physical properties that enable them to be made into flexible and rigid packaging by cutting, creasing, folding, forming, gluing, etc. There are many different types of paper and paperboard. They vary in appearance, strength, and many other properties depending on the types and amount of fibre used and how the fibres are processed in paper and paperboard manufacture.
To know about the Research Methodology :- Request Free Sample Report
Paper & Paperboard Packaging Market Dynamics:
A wide range of paper and paperboard is used in packaging today from lightweight infusible tissues for tea and coffee bags to heavy-duty boards used in distribution. Paper and paperboard are found wherever products are produced, distributed, marketed and used, and account for about one-third of the total packaging market. Over 40% of all paper and paperboard consumption in Europe is used for packaging and over 50% of the paper and paperboard used for packaging is used by the food industry.
The manufacture of paper had progressed from a laborious manual operation, one sheet at a time, to continuous high-speed production with wood pulp replacing rags as the main raw material. There were also developments in the techniques for printing and converting these materials into packaging containers.
Today, the use of paper and paperboard packaging for food can be found in many places, such as supermarkets, traditional markets, and retail stores, mail order, fast food, dispensing machines, pharmacies, and in hospitals, catering, and leisure situations, which is expected to boost the growth of the Global Paper & Paperboard Packaging Market.
Packaging technologists play a pivotal role in defining packaging needs and cooperating with other specialists to meet those needs in a cost-effective and environmentally sound way. They work with suppliers to keep abreast of innovations in the manufacture of materials and innovations in printing, conversion, and use. They are aware of trends in distribution, retailing, point-of-sale/dispensing, consumer use, disposal options, and all the societal and environmental issues relevant to packaging in general, which is acting as a driving factor to the growth of the Global Paper & Paperboard Packaging Market.
Continuous development of plastic materials has resulted in various advanced plastic materials, which are lightweight, biodegradable, recyclable, and high strength having higher load-bearing capacity than the honeycomb paper boards. The superiority in the strength of plastics is expected to hamper the growth of the Global Paper & Paperboard Packaging Market.
Paper & Paperboard Packaging Market Segment Analysis:
The report groups the Global Paper & Paperboard Packaging Market in different segments by Type, End-Use, and region to forecast the revenues and analyze the market share of each segment over the forecast period.
Based on End Use, the Global Paper & Paperboard Packaging Market is segmented into Consumer Durables, Automotive, Chemicals, Construction, Pharmaceuticals, Food & Beverage, Transportation & Logistics, and Others. The Food & Beverage segment was dominant in 2022 and is expected to command a market share of 3.5% by 2029. The use of Paper Board is largely done for the packaging of the food and beverage materials. As the proper handling during
Transportation of these materials is very important after the use of Paper & Paperboard Packaging is done.
Based on Type, the Global Paper & Paperboard Packaging Market is segmented into corrugated box, Boxboard, and Flexible Box Board. According to the end-user requirement, the use of the various types is done. The use of corrugated for display/promotional packs, POPs, and dispensers is becoming popular. Increasing demand for safe and cushioned packaging of the product will augment the growth of the corrugated box market.
Paper & Paperboard Packaging Market Regional Insights:
The Asia Pacific is expected to command the largest market share of 3.5% by 2029
According to tradition, paper was first made in China around the year AD 105 using fibres such as cotton and flax. The increase in demand for paper board packaging in the region is due to rapid industrialization, environmental sustainability, and cost-benefit associated with corrugated packaging. The growth of E-commerce in China and India has boosted the demand for honeycomb paper board packaging materials in recent years.
Also, with various new international e-commerce players entering the developing markets, the demand from the e-commerce sector is expected to increase further during the forecast period. India is ranked 15th in the world for its paper and paperboard consumption and is expected to improve its rank in the forecast period.
The objective of the report is to present a comprehensive analysis of the Global Paper & Paperboard Packaging Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Paper & Paperboard Packaging Market dynamics, structure by analyzing the market segments and projects the Global Paper & Paperboard Packaging Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Paper & Paperboard Packaging Market make the report investor’s guide.
Paper & Paperboard Packaging Market Key Highlights:
Global Market analysis and forecast, in terms of value.
Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Market
Global Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
Global Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
Global Paper & Paperboard Packaging Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Market are also profiled.
Paper & Paperboard Packaging Market Scope: Inquire before buying
| Global Paper & Paperboard Packaging Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2022 | Forecast Period: | 2023-2029 |
| Historical Data: | 2018 to 2022 | Market Size in 2022: | US $ 189.42 Bn. |
| Forecast Period 2023 to 2029 CAGR: | 3.5% | Market Size in 2029: | US $ 241 Bn. |
| Segments Covered: | by Type | Corrugated box Boxboard Flexible paper packaging |
|
| by Product | Paper Cups Kraft Paper Boards Boxboard Folding Boxes and Cases Paper and paperboard packaging Others |
||
| by End Use | Consumer Durables Automotive Chemicals Construction Pharmaceuticals Food & Beverage Transportation & Logistics Others |
||
Paper & Paperboard Packaging Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Paper & Paperboard Packaging Market, Key Players are
1. Honicel (Netherlands)
2. Euro-Composites (Luxembourg)
3. Hexcel Corporation (US)
4.Argosy International (US),
5.Grigeo AB (Lithuania)
6.Plascore (US)
7. Tubus Baer GmbH (Germany)
8. Corinth. (Netherlands)
9. Axxion (Netherlands)
10. Ten Cate (Netherlands)
11. The Gill Corporation (US)
12. Samia Canada (US)
13. Corex Honeycomb (UK)
14. Lsquare Eco-Products Pvt. Ltd.
15. Safe Corrugated Containers Pvt. Ltd.
16. Yoj Pack Kraft
17. Grigeo
18. AB
19. Packaging Corporation of America
20. Honeycomb Cellpack A/S
21. Premier Packaging Products
22. Amcor Limited
23. Cascades inc.
24. Clearwater Paper Corporation
25. ProAmpac
26. DS Smith
27. International Paper
Frequently Asked Questions:
1. Which region has the largest share in Global Market?
Ans: Asia Pacific region held the highest share in 2022.
2. What is the growth rate of Global Market?
Ans: The Global Paper & Paperboard Packaging Market is growing at a CAGR of 3.5% during forecasting period 2023-2029.
3. What is scope of the Global Paper & Paperboard Packaging market report?
Ans: Global Paper & Paperboard Packaging Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Paper & Paperboard Packaging market?
Ans: The important key players in the Global Paper & Paperboard Packaging Market are – Honicel (Netherlands), Euro-Composites (Luxembourg), Hexcel Corporation (US), Argosy International (US),, Grigeo AB (Lithuania), Plascore (US), Tubus Baer GmbH (Germany), Corinth. (Netherlands), Axxion (Netherlands), Ten Cate (Netherlands), The Gill Corporation (US), Samia Canada (US), Corex Honeycomb (UK), Lsquare Eco-Products Pvt. Ltd., Safe Corrugated Containers Pvt. Ltd., Yoj Pack Kraft, Grigeo, AB, Packaging Corporation of America, Honeycomb Cellpack A/S, Premier Packaging Products, Amcor Limited, Cascades inc., Clearwater Paper Corporation, ProAmpac, DS Smith, and International Paper
5. What is the study period of this market?
Ans: The Global Market is studied from 2022 to 2029.