| Metric | Details |
| Market Size in 2023 | USD 248.6 Billion |
| Market Size in 2030 | USD 377.4 Billion |
| Growth Rate (CAGR) | 6.1% |
| Market Segments | By Material Type, By End Use |
| Geographies Covered | North America, Europe, Asia-Pacific, Latin America, Middle East & Africa |
| Growth Drivers | Sustainability, Consumer Awareness, Technological Advancements |
| Opportunities | Emerging Markets, E-commerce Growth, Innovations in Sustainable Materials |
| Companies Covered | International Paper Company, WestRock Company, DS Smith Plc, Smurfit Kappa Group, Mondi Group, Stora Enso Oyj, Packaging Corporation of America, Sappi Limited, Oji Holdings Corporation, Nippon Paper Industries Co., Ltd. |
Key Market Developments:
- January 2024- According to ITC Foods, Sunfeast Farmlite Digestive Biscuits Family Pack with 100% outer paper packaging is a new launch from the brand in its range of healthy biscuits. The first brand of 100% outer paper packaging adoption with detail design that is the most expressive, user-friendly and visually striking feature of paper packaging in the Ergonomic aspect.
- March 2024-Sealed Air created a paper bottom web to address the plea of processors, as well as retailers and consumers who want fewer plastics with their packaging but have been buying from traditional coatings-only companies. New barrier formable paper under the Sealed Air brand using CRYOVAC technology is 90 % fibre from FSC-certified sources. SEE says that this paper bottom web can reduce plastic by 77% as opposed to packaging with PET/PE-based bottom webs.
Based on Material Type:
- Corrugated Boxes
- Paperboard
- Kraft Paper
- Others
Based on End Use:
- Food & Beverage
- Pharmaceuticals
- Personal Care
- Industrial
- Others
Based on Region:
- North America (U.S., Canada)
- Europe (Germany, France, UK, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of Asia-Pacific)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Middle East & Africa (South Africa, UAE, Rest of MEA)
Frequently Asked Questions:
Q. What is the current market size of the Global Paper Packaging Market? A. The global paper packaging market size was estimated at USD 248.6 billion in 2023 and is expected to reach USD 377.4 billion by 2030, registering a CAGR of 6.1% during the forecast period of 2023-2030.
Q. What are the major growth drivers of the Global Paper Packaging Market? A. The growth of the Global Paper Packaging Market is primarily driven by an increasing adoption rate for sustainable packaging solutions song the end-user industry, rising consumer awareness and technological advancements in paper packaging.
Q. Which region holds the largest market share in the Global Paper Packaging Market? A. Asia-Pacific accounted for more than 40% of the market share in 2023, driven by rapid industrialization, urbanization, and a growing consumer base.
Q. Which segment accounted for the largest market share in the Global Paper Packaging Market? A. Corrugated boxes controlled the major proportion of market share over 2023.Q. Who are the key market players in the Global Paper Packaging Market?A. Key players include International Paper Company, WestRock Company, DS Smith Plc, Smurfit Kappa Group, Mondi Group, Stora Enso Oyj, Packaging Corporation of America, Sappi Limited, Oji Holdings Corporation, and Nippon Paper Industries Co., Ltd.