Global Paper packaging
Market Report
2024
The Global Paper packaging market size is USD 385.5 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 5.0% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Paper packaging market size is USD 385.5 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 5.0% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Paper packaging Market Sales Revenue 2023 | $ 385.5 Billion |
Global Paper packaging Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5% |
Europe Paper packaging Market Sales Revenue 2023 | $ 100.23 Billion |
Europe Paper packaging Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.2% |
Asia Pacific Paper packaging Market Sales Revenue 2023 | $ 146.49 Billion |
Asia Pacific Paper packaging Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6% |
South America Paper packaging Market Sales Revenue 2023 | $ 19.28 Billion |
South America Paper packaging Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.2% |
Middle East and Africa Paper packaging Market Sales Revenue 2023 | $ 3.85 Billion |
Middle East and Africa Paper packaging Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.3% |
North America Paper packaging Market Sales Revenue 2023 | $ 115.65 Billion |
North America Paper packaging Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4% |
Market Split by Material Type |
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Market Split by End-Use |
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Market Split by Packaging Type |
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Market Split by Level of Packaging |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Paper packaging industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Paper packaging Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Paper packaging is a highly versatile and cost-effective solution for protecting, preserving, and transporting a wide range of products, and it can be tailored to meet specific customer or product needs. Its lightweight, biodegradable, and recyclable properties make it an indispensable component of modern packaging solutions. The demand for sustainable and environmentally friendly packaging solutions is a major factor driving the growth of the paper packaging market. Consumers are more conscious of the environmental impact of packaging materials, such as plastic, and are looking for alternatives that are biodegradable, recyclable, and made from renewable resources. This has led to a shift towards paper packaging, which is lightweight, biodegradable, and easily recyclable. As a result, the paper packaging industry has become an essential component of sustainable packaging solutions and is expected to experience significant growth in the future.
For instance, in 2020, Tetra Pak launched its first paper-based straws in Europe, offering a sustainable alternative to plastic straws.
Consumers are becoming aware of environmental impact of packaging materials, like plastic, and are looking for alternatives that are biodegradable, recyclable, and made from renewable resources. Paper packaging fits these criteria, as it is lightweight, biodegradable, and easily recycled. This has led to a shift towards paper packaging, making it an essential component of sustainable packaging solutions.
For instance, in 2019, BillerudKorsnäs launched a new paper-based packaging material called Pure Performance, which offers high strength and durability for heavy-duty packaging applications.
(Source: packagingsouthasia.com/type-of-packaging/corrugation/billerudkorsnas-performance/)
With rise of e-commerce and online retailing, there is a greater need for packaging that can protect products during shipping and handling. Corrugated boxes, paper bags, and other paper packaging products are lightweight and can be customized to meet specific product needs, making them a popular choice for e-commerce packaging. Additionally, e-commerce companies are often looking for cost-effective packaging solutions, and paper packaging can provide a cost-effective option.
For instance, in 2019, Mondi launched a new range of paper-based packaging products for the e-commerce industry, including a fully recyclable and biodegradable mailer bag.
While the paper packaging market has significant potential for growth, there are some key restraints that could limit its expansion. One of the primary challenges is competition from other materials that offer similar benefits, such as bioplastics and other bio-based materials. These materials are constantly being developed and improved, which could limit future paper packaging growth. In addition, fluctuations in raw material prices can impact the cost-effectiveness of paper packaging solutions and make them less competitive than other packaging materials. Recycling challenges can also limit the effectiveness of paper packaging as a sustainable and environmentally friendly packaging solution, as contaminated paper may not be suitable for recycling. Finally, technological limitations may also pose a challenge, as some product-specific packaging needs may require materials with specific properties that cannot be easily achieved with paper packaging. Despite these restraints, the growing demand for sustainable and eco-friendly packaging solutions is expected to continue driving growth in the paper packaging industry.
The COVID-19 pandemic has had a major impact on the paper packaging market, both in the short and long term. With consumers becoming more cautious about hygiene and safety, there has been a surge in demand for packaged goods, particularly in food and healthcare sectors. This has led to increased demand for paper packaging products, like corrugated boxes, paper bags, and cartons. At the same time, disruptions to global supply chains caused by the pandemic have led to raw material shortages and price fluctuations, which have affected the paper packaging industry. The closure of manufacturing plants, transportation restrictions and reduced workforce capacity have also impacted the production and distribution of paper packaging products. However, the pandemic has also highlighted the importance of sustainable and eco-friendly packaging solutions, as consumers seek safe, hygienic, and environmentally friendly products.
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The major players are focused on developing new and innovative paper-based packaging solutions that offer better protection, preservation, and convenience for products. They are also investing in research and development to improve the sustainability and eco-friendliness of their packaging solutions. In addition to these large players, there are also many smaller companies operating in the paper packaging market, particularly in emerging markets. These companies often focus on niche markets or specific product categories, such as food packaging or e-commerce packaging.
Top Companies Market Share in Paper packaging Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, Asia Pacific dominated the market in 2023 and accounted for around 38% of the global revenue. The region is a major producer and consumer of paper packaging products. The growing demand for sustainable and eco-friendly packaging solutions is driving the growth of the paper packaging market in the region. China is the largest market for paper packaging in the Asia Pacific region, followed by India, Japan, and Australia. The demand for paper packaging products in China is driven by the rapid growth of the e-commerce industry, which is creating a huge demand for paper-based packaging materials. The demand for paper packaging products in India is also growing rapidly due to the increasing awareness of environmental issues and the need for sustainable packaging solutions.
Europe is the fastest-growing category. The European paper packaging market is characterized by high levels of innovation and technological advancement. Companies in the region are focused on developing new and innovative paper-based packaging solutions that offer better protection, preservation, and convenience for products.
The current report Scope analyzes Paper packaging Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
According to Cognitive Market Research, Europe is anticipated to grow at a significant rate with a market value of USD 100.23 billion in 2023 and projected to expand at a CAGR of 4.2% from 2023 to 2030. The demand for eco-friendly & sustainable packaging solutions is increasing due to growing environmental concerns. Paper-based packaging is biodegradable, compostable, and recyclable, making it an attractive option for sustainable packaging solutions. According to Cognitive Market Research, growth of e-commerce sales is creating a huge demand for paper-based packaging materials. Paper-based e-commerce packaging is lightweight, durable, and cost-effective, making it popular for online retailers. In conclusion, these growth factors are driving the paper packaging market in Europe, and the market is expected to continue to grow at a moderate pace in the coming years. Companies are investing in research and development to improve the sustainability and eco-friendliness of their packaging solutions, and technological advancements are enabling paper-based packaging to offer better protection and preservation for products.
According to Cognitive Market Research, Asia Pacific held the major market share in 2023, accounting for more than 38% of the global revenue with a market size of USD 146.49 billion in 2023 and will grow at CAGR of 6.0% from 2023 to 2030 The region is a major producer and consumer of paper packaging products. The growing demand for sustainable & eco-friendly packaging solutions is driving the growth of the paper packaging market in the region. China is the largest market for paper packaging in Asia Pacific region, followed by India, Japan, and Australia. The demand for paper packaging products in China is driven by rapid growth of the e-commerce industry, which is creating a huge demand for paper-based packaging materials. The demand for paper packaging products in India is also growing rapidly due to increasing awareness of environmental issues and need for sustainable packaging solutions. According to Cognitive Market Research, the food and beverage industry is the largest end-user of paper packaging products in Asia. The demand for paper-based food packaging solutions is increasing due to the growing demand for eco-friendly and sustainable packaging options. The healthcare and personal care & cosmetics industries are also significant end-users of paper packaging products in the region. In conclusion, the Asia Pacific paper packaging market is expected to grow rapidly, driven by the increasing demand for sustainable & eco-friendly packaging solutions and the increasing adoption of e-commerce in the region.
According to Cognitive Market Research, Latin America accounted for more than 5% of the global paper packaging revenue in 2023 with a market size of USD 19.28 billion in 2023 and will rise at CAGR of 5.2% from 2023 to 2030. Technological advancements have enabled paper-based packaging to offer better product protection and preservation. Companies are developing new and innovative paper-based packaging solutions that offer better product protection, preservation, and convenience. According to Cognitive Market Research, the growth of e-commerce sales creates a huge demand for paper-based packaging materials. Paper-based e-commerce packaging is lightweight, durable, and cost-effective, making it popular for online retailers. In conclusion, these growth factors are driving the paper packaging market in Latin America, which is expected to grow at a moderate pace in the coming years. Companies are investing in research and development to improve the sustainability and eco-friendliness of their packaging solutions, and technological advancements are enabling paper-based packaging to offer better protection and preservation for products.
According to Cognitive Market Research, The Middle East and Africa accounted for more than 1% of the global revenue in 2023, with a market size of USD 3.85 billion in 2023, and will rise at a CAGR of 5.3% from 2023 to 2030. The increasing urbanization and economic development in the MEA region are driving the demand for paper-based packaging products, particularly in food and beverage sector. Additionally, the demand for eco-friendly and sustainable packaging solutions is increasing due to growing environmental concerns. Paper-based packaging is biodegradable, compostable, and recyclable, making it an attractive option for sustainable packaging solutions. According to Cognitive Market Research, the primary packaging segment is expected to be the fastest-growing segment in the paper packaging market in the MEA region. This is because primary packaging is first layer that comes into contact with the product and protects the product from contamination, damage, & spoilage. In conclusion, these growth factors drive the paper packaging market in the MEA region, and the market is expected to continue to grow at a moderate pace in the coming years. Companies are investing in research and development to improve the sustainability and eco-friendliness of their packaging solutions, and technological advancements are enabling paper-based packaging to offer better protection and preservation for products.
According to Cognitive Market Research, North America held a considerable market of more than 30% of the global revenue with a market size of USD 115.65 billion in 2023 and will grow at CAGR of 4.0% from 2023 to 2030. One of the main factors is growing demand for eco-friendly and sustainable packaging solutions. Consumers are becoming aware of environmental issues & are looking for environmentally friendly products. Paper-based packaging is biodegradable, compostable, and recyclable, making it popular for sustainable packaging solutions. According to Cognitive Market Research, the demand for paper-based food packaging solutions is increasing due to growing demand for eco-friendly & sustainable packaging options. In conclusion, these growth factors are driving the paper packaging market in North America, and the market is expected to continue to grow at a moderate pace in the coming years.
Global Paper packaging Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Paper packaging Industry growth. Paper packaging market has been segmented with the help of its Material Type, End-Use Packaging Type, and others. Paper packaging market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, corrugated boards held the major market share over the forecast period. Corrugated board is a popular choice for shipping and transport packaging due to its strength and durability. It comprises a fluted layer sandwiched between two flat layers of paperboard, which provides excellent protection for products during shipping and handling. Corrugated board is also lightweight, biodegradable, and recyclable, making it a popular choice for sustainable and environmentally friendly packaging solutions.
Molded pulp is the fastest-growing category over the forecast period. It is made from recycled paper and is biodegradable, making it a popular choice for sustainable and environmentally friendly packaging solutions. It is used for a wide range of products, including electronics, food, and beverage packaging, and is also commonly used for protective packaging. Molded pulp offers excellent cushioning and product protection, making it an ideal choice for fragile or delicate items. Additionally, molded pulp can be easily customized to fit specific product needs and can be produced in various shapes and sizes. As a result, the molded pulp segment is expected to continue to grow at a rapid pace in the coming years.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Paper packaging Industry. Request a Free Sample PDF!
According to Cognitive Market Research, food packaging holds a prominent market share. The demand for paper-based food packaging solutions is increasing due to the growing demand for eco-friendly and sustainable packaging options. Paper-based food packaging is biodegradable, compostable, and recyclable, making it a popular choice for environmentally friendly packaging solutions. Additionally, technological advancements have enabled paper-based food packaging to offer better protection and preservation, making it an increasingly popular choice for food packaging.
The e-commerce packaging is the fastest-growing category over the forecast period. With e-commerce sales growth worldwide, the demand for paper-based e-commerce packaging solutions is increasing rapidly. Paper-based e-commerce packaging is lightweight, durable, and eco-friendly, making it a popular choice for online retailers looking for sustainable, cost-effective packaging solutions. Additionally, technological advancements have enabled paper-based e-commerce packaging to offer better product protection during transport and handling, making it an increasingly popular choice for e-commerce packaging. As a result, the e-commerce packaging segment is expected to continue to grow at a rapid pace in the coming years.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Paper packaging market report 2024 Edition by contacting our team.
According to Cognitive Market Research, corrugated boxes hold a prominent market share. Corrugated boxes are popular for shipping and transport packaging due to their strength and durability. They comprise a fluted layer sandwiched between two flat layers of paperboard, providing excellent protection for products during shipping and handling. Corrugated boxes are also lightweight, biodegradable, and recyclable, making them popular for sustainable and environmentally friendly packaging solutions.
Bags & sacks is the fastest-growing category over the forecast period. These bags and sacks are made from high-quality, durable, and durable kraft paper, making them a reliable choice for packaging heavy products. Paper bags and sacks are also biodegradable and recyclable, making them a popular choice for sustainable and environmentally friendly packaging solutions. As consumers increasingly demand eco-friendly packaging options, the demand for paper bags and sacks is expected to grow rapidly in the coming years.
According to Cognitive Market Research, secondary packaging held a prominent market share. Secondary packaging refers to packaging materials used to group multiple products together for transport or storage, such as cartons or boxes used to pack multiple units of a product. Secondary packaging can also provide additional protection for products during transport and handling. Paper-based secondary packaging solutions, such as corrugated boxes or cartons, are a popular choice due to their strength and durability. They are also lightweight, biodegradable, and recyclable, making them a popular choice for sustainable and environmentally friendly packaging solutions.
Primary packaging is the fastest-growing category over the forecast period. The demand for paper-based primary packaging is increasing due to the growing awareness of environmental issues and the need for sustainable packaging solutions. Paper-based primary packaging is biodegradable, compostable, and recyclable, making it a popular choice for eco-friendly packaging solutions. Additionally, technological advancements have enabled paper-based primary packaging to offer better product protection and preservation, making it an increasingly popular choice for food and beverage packaging. As a result, the primary packaging segment is expected to continue to grow at a rapid pace in the coming years.
Senior Analyst at Cognitive Market Research
I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.
I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building. I fulfill data requirements with thorough research and analytics. ME and My research team provide intelligence on industry stats, market structure, company profiles/Competition Analysis, Forecast Mapping, and Recently started providing the COVID-19 Impact Analysis.
Specialties: Industry research, Company analysis, Location Strategy, Tech Research, Change Management, Process Improvement, Peer Group Benchmarking, Startup Ecosystem, Crypto Research, COVID19 Impact Analysis, etc.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Paper packaging Market is witnessing significant growth in the near future.
In 2023, the Corrugated Board segment accounted for noticeable share of global Paper packaging Market and is projected to experience significant growth in the near future.
The Food Packaging segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Smurfit Kappa Group Plc , Billerud and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
https://www.epa.gov/regulatory-information-sector/construction-sector-naics-23
https://www.usace.army.mil/Missions/Civil-Works/Engineering-and-Construction/
https://www.abs.gov.au/statistics/industry/building-and-construction
https://business.gov.au/planning/industry-information/construction-industry
https://www.usitc.gov/research_and_analysis/tradeshifts/2021/footwear
Disclaimer:
Material Type | Corrugated Board, Specialty Paper, Box-board/Carton Board, Kraft Papers, Molded Pulp |
End-Use | Food Packaging, Beverage Packaging, Tobacco Packaging, Healthcare Packaging, Personal Care & Cosmetics, Homecare & Toiletries, Electrical & Electronics, Industrial Packaging, E-Commerce Packaging, Chemical & Fertilizers |
Packaging Type | Corrugated Boxes, Cartons, Wrapping Paper, Inserts & Dividers, Bottle & Cup Carriers, Cups & Trays, Clamshell, Display Packaging, Bags & Sacks, Tapes & Labels |
Level of Packaging | Primary Packaging, Secondary Packaging, Tertiary Packaging |
List of Competitors | Smurfit Kappa Group Plc, Napco National Paper Products Company, Billerud, WestRock Company, Georgia Pacific LLC, Pratt Industries Inc., DS Smith Packaging Limited, Stora Enso Oyj, Mondi Group Plc, WestRock Company, Huhtamaki Oyj, Pactiv LLC, Sonoco Products Company, KapStone Paper and Packaging Corp, Rengo Co. Ltd., US Corrugated Inc., Reynolds Group Holdings, Stora Enso, UFP Technologies, ESCO Technologies Inc, Brodrene Hartmann, Mayr-Melnhof Karton AG |
This chapter will help you gain GLOBAL Market Analysis of Paper packaging. Further deep in this chapter, you will be able to review Global Paper packaging Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Paper packaging Market Trends North America Paper packaging Technological Road Map North America Paper packaging Market Drivers North America Paper packaging Market Restraints North America Paper packaging Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
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Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Material Type Analysis 2019 -2031, will provide market size split by Material Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Material Type Analysis 2019 -2031
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Chapter 11 Market Split by End-Use Analysis 2019 -2031
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Chapter 12 Market Split by Packaging Type Analysis 2019 -2031
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Chapter 13 Market Split by Level of Packaging Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Paper packaging market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Corrugated Board have a significant impact on Paper packaging market? |
What are the key factors affecting the Corrugated Board and Specialty Paper of Paper packaging Market? |
What is the CAGR/Growth Rate of Food Packaging during the forecast period? |
By type, which segment accounted for largest share of the global Paper packaging Market? |
Which region is expected to dominate the global Paper packaging Market within the forecast period? |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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