Paper Packaging Materials Market: Global Industry Analysis and Forecast (2024-2030)

Paper Packaging Materials Market is anticipated to reach USD 537.40 Bn by 2030 from USD 392.26 Bn in 2023 at a CAGR of 4.6% during a forecast period.

Paper Packaging Materials Market Overview

The market is expected to register growth of 4.6 % during the forecast period due to an increase in demand for eco-friendly packaging and the rapid development of frozen food industries. There have been severe problems in the packaging sector owing to the COVID-19 pandemic, including the impact of national lockdowns. The consequences of countrywide lockdown have a major effect on the materials used in packaging. Although there has been a major impact on the supply side of paper packaging, considerable growth in end-user demand has greatly increased the growth of the paper packaging materials market.Paper Packaging Materials MarketTo know about the Research Methodology :- Request Free Sample Report The government’s environmental concern regarding the use of eco-friendly solutions is the primary factor for the growth of the paper packaging materials market. Thus, various regulations are put by the regulatory bodies to promote recyclable paper-based options, which initiates paper recycling technologies. Also, the need for flexible packaging such as Kraft paper, greaseproof paper, and parchment paper is driving the growth of paper packaging materials. This flexible packaging holds the market share of US$ 42.65 Bn in 2022 and is expected to reach US$ 56.25 Bn by 2029. Thus, manufacturers across the globe are investing in research and development activities due to technological development in the paper recycling process. Rapid Development of Fast Food Industries The paper packaging provides primary and secondary packaging to the products that help to preserve fast food and its nutritional value. Thus, the retails stores use these paper packaging materials to preserve food that includes frozen and chilled foods due to the growing purchasing of these products. Asia and Latin America hold the maximum industries of fast food due to a rise in demand from millennials combined with an increase in demand for ready-to-eat foods. Also, an increase in the number of hypermarkets and supermarkets is expected to be one of the key factors driving the growth of the paper packaging materials market. However, several deforestation rules are exposed to the paper packaging materials market. Thus, growth and development are expected to be hampered by such an adverse regulatory environment.

Paper Packaging Materials Market Segment Analysis

By Product, the liquid packaging cartons segment dominated the market, with market size of US$ xx Mn. in 2023 and to reach US$ xx Mn. by 2030, with a CAGR of 4.2%. These packaging are light in weight, have more shelf life and biodegradable properties, and are used for applications such as beverages. However, the Corrugated Cases segment occupied the second largest market share of xx% in 2023 as they are mostly used in the transportation of goods. The growth of this segment is attributed to the growth in Retail packaging such as innovative designs. By Application, the Beverages segment was valued at US$ xx Mn. in 2023 and is projected to reach US$ xx Mn by 2030 at a CAGR of 43% during 2024-2030. This is mainly due to the increasing demand for liquid packaging, preference for functional foods, and its easy availability. Also, it increases the conservation of beverages, which drives the segment's growth. The growth in beverage industries across the developed countries like Europe and North America also drives the growth of the paper packaging material market. However, the frozen food segment occupied the second largest market share of xx% in 2023 due to rapid growth in the frozen food industries in developing countries. Similarly, the Fast food segment is expected to grow at a considerable rate due to growing techniques of marketing using paper packaging materials.

Paper Packaging Materials Market Regional Insights

North America held the largest market share of 41% in 2023 and is projected to grow at the highest CAGR of xx% over 2024-2030. The consumer’s preference for fast food and processed products are all driving the growth of the market in the region. According to data, in 2023, around 42 million tons of paper packaging were used in production, which is expected to increase by around 82% in 2023. In the North American region, the United States dominates the paper packaging materials market due to growing food industries. Asia Pacific region is expected to register the highest growth rate over the forecast period. Among the Asian countries, China is expected to lead the APAC market, generating revenue worth US$ xx Mn by 2030. This is mainly due to the increasing number of manufacturing and transit packaging units across the region. Also, factors like rising awareness regarding probiotics usage, rising standard of living, and increasing disposable income are expected to drive the growth of the market during the forecast period. Leading market key players are working to demonstrate the opportunity to Paper Packaging Materials Market. Major players are involved in adopting maintainable strategies to gain competitive edges such as new product launches, product up-gradation, and M&A, collaborative agreements. For example, KapStone Paper and Packaging Corporation was acquired by WestRock Company. KapStone's purchase broadens the company's distinct offering of paper and packaging products, such as folding cartons and paperboard, and is expected to improve customer service across the board. Smurfit Kappa announced a partnership with Wildlife Fund Combia on August 18, 2020, to improve forestry protection and expand the usage of recyclable papers. In June 2020, Amazon India stated that all single-use plastic in packaging coming from its 50 plus fulfillment centers in the country are going to be replaced with plastic-free and biodegradable paper. The objective of the report is to present a comprehensive analysis of the Paper Packaging Materials 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 includes 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 Paper Packaging Materials Market dynamics, structure by analyzing the market segments and project the Paper Packaging Materials Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Paper Packaging Materials Market make the report investor’s guide.

Paper Packaging Materials Market Scope: Inquire before buying

Global Paper Packaging Materials Market
Report Coverage Details
Base Year: 2023 Forecast Period: 2024-2030
Historical Data: 2018 to 2023 Market Size in 2023: USD 392.26 Bn.
Forecast Period 2024 to 2030 CAGR: 4.6% Market Size in 2030: USD 537.40 Bn.
Segments Covered: by Product Liquid Packaging Cartons Corrugated Cases Cartons & Folding Boxes
by Application Beverages Fast Food Frozen Food Diary and Bakery Products
by Level Of Packaging Primary Packaging Secondary Packaging Tertiary Packaging

Paper Packaging Materials 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 Packaging Materials Market, Key Players are

1. Koch Industries 2. International Paper Company 3. Holmen AB 4. DS Smith Plc 5. Smurfit Kappa Group Plc 6. Napco National Paper Products Company 7. Billerudkorsnas 8. WestRock Company, 9. Georgia Pacific LLC 10. Pratt Industries 11. DS Smith Packaging Limited 12. Stora Enso Oyj 13. Mondi Group Plc 14. The Mayr-Melnhof Group 15. OJI Holding Corporation Frequently Asked Questions: 1. Which region has the largest share in Global Paper Packaging Materials Market? Ans: North America region held the highest share in 2023. 2. What is the growth rate of Global Paper Packaging Materials Market? Ans: The Global Paper Packaging Materials Market is growing at a CAGR of 4.6% during forecasting period 2024-2030. 3. What is scope of the Global Paper Packaging Materials market report? Ans: Global Paper Packaging Materials 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 market? Ans: The important key players in the Global Market are – Koch Industries, International Paper Company, Holmen AB, DS Smith Plc, Smurfit Kappa Group Plc, Napco National Paper Products Company, Billerudkorsnas, WestRock Company,, Georgia Pacific LLC, Pratt Industries, DS Smith Packaging Limited, Stora Enso Oyj, Mondi Group Plc, The Mayr-Melnhof Group, and OJI Holding Corporation. 5. What is the study period of this market? Ans: The Global Market is studied from 2023 to 2030.
1. Global Paper Packaging Materials Market: Research Methodology 2. Global Paper Packaging Materials Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Paper Packaging Materials Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Paper Packaging Materials Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Paper Packaging Materials Market Segmentation 4.1 Global Paper Packaging Materials Market, by Product (2023-2030) • Liquid Packaging Cartons • Corrugated Cases • Cartons & Folding Boxes 4.2 Global Paper Packaging Materials Market, by Application (2023-2030) • Beverages • Fast Food • Frozen Food • Diary and Bakery Products 4.3 Global Paper Packaging Materials Market, by Level Of Packaging  (2023-2030) • Primary Packaging • Secondary Packaging • Tertiary Packaging 5. North America Paper Packaging Materials Market(2023-2030) 5.1 North America Paper Packaging Materials Market, by Product (2023-2030) • Liquid Packaging Cartons • Corrugated Cases • Cartons & Folding Boxes 5.2 North America Paper Packaging Materials Market, by Application (2023-2030) • Beverages • Fast Food • Frozen Food • Diary and Bakery Products 5.3 North America Paper Packaging Materials Market, by Level Of Packaging  (2023-2030) • Primary Packaging • Secondary Packaging • Tertiary Packaging 5.4 North America Paper Packaging Materials Market, by Country (2023-2030) • United States • Canada • Mexico 6. Europe Paper Packaging Materials Market (2023-2030) 6.1. European Paper Packaging Materials Market, by Product (2023-2030) 6.2. European Paper Packaging Materials Market, by Application (2023-2030) 6.3. European Paper Packaging Materials Market, by Level Of Packaging  (2023-2030) 6.4. European Paper Packaging Materials Market, by Country (2023-2030) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Paper Packaging Materials Market (2023-2030) 7.1. Asia Pacific Paper Packaging Materials Market, by Product (2023-2030) 7.2. Asia Pacific Paper Packaging Materials Market, by Application (2023-2030) 7.3. Asia Pacific Paper Packaging Materials Market, by Level Of Packaging  (2023-2030) 7.4. Asia Pacific Paper Packaging Materials Market, by Country (2023-2030) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Paper Packaging Materials Market (2023-2030) 8.1 Middle East and Africa Paper Packaging Materials Market, by Product (2023-2030) 8.2. Middle East and Africa Paper Packaging Materials Market, by Application (2023-2030) 8.3. Middle East and Africa Paper Packaging Materials Market, by Level Of Packaging  (2023-2030) 8.4. Middle East and Africa Paper Packaging Materials Market, by Country (2023-2030) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Paper Packaging Materials Market (2023-2030) 9.1. South America Paper Packaging Materials Market, by Product (2023-2030) 9.2. South America Paper Packaging Materials Market, by Application (2023-2030) 9.3. South America Paper Packaging Materials Market, by Level Of Packaging  (2023-2030) 9.4 South America Paper Packaging Materials Market, by Country (2023-2030) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Koch Industries 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 International Paper Company 10.3 Holmen AB 10.4 DS Smith Plc 10.5 Smurfit Kappa Group Plc 10.6 Napco National Paper Products Company 10.7 Billerudkorsnas 10.8 WestRock Company, 10.9 Georgia Pacific LLC 10.10 Pratt Industries 10.11 DS Smith Packaging Limited 10.12 Stora Enso Oyj 10.13 Mondi Group Plc 10.14 The Mayr-Melnhof Group 10.15 OJI Holding Corporation
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