Pragma Market Research

Paper Packaging & Paperboard Packaging Materials Market 2023: Rising Demand for Eco-Friendly Packaging to Drive Growth | Size, Share, Trends, Competitive Analysis

Posted on 23-June-2023

The global packaging industry is undergoing a transformative shift towards sustainable and eco-friendly solutions. As a result, the demand for paper packaging and paperboard packaging materials has witnessed significant growth in recent years. Pragma Market Research, a market research company, has released an in-depth report that provides valuable insights into the current state and future prospects of the Paper Packaging & Paperboard Packaging Materials Market.

The global paper packaging & paperboard packaging materials market is projected to reach $478.68 billion by 2028, according to a new report by Pragma Market Research. The market is expected to grow at a CAGR of XX% from 2023 to 2028.

The growth of the market is being driven by the increasing demand for eco-friendly packaging materials. Paper packaging materials are made from wood pulp, which is a renewable resource. They are also recyclable and biodegradable, making them a more sustainable choice than other packaging materials such as plastic.

The rising demand for convenience food products is also driving the growth of the market. Paper packaging materials are lightweight and easy to transport, making them ideal for e-commerce businesses.

The global paper packaging & paperboard packaging materials market is segmented by type, application, and region:

By type, the market is segmented into Corrugated boxes, Containerboard, Paperboard, Paper Bags, Shipping Sacks, and others. Corrugated boxes are the most widely used type of paper packaging material. They are used for a variety of products, including food, beverages, electronics, and home goods. Folding cartons are also a popular type of paper packaging material. They are used for a variety of products, including food, beverages, and personal care products.

By application, the market is segmented into food & beverage, personal care & cosmetics, electronics, and others. The food & beverage industry is the largest consumer of paper packaging materials. The increasing demand for convenience food products is driving the growth of the market. The personal care & cosmetics industry is also a major consumer of paper packaging materials. The growing demand for sustainable packaging is driving the growth of the market.

By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is the largest market for paper packaging & paperboard packaging materials. The growth of the market in Asia Pacific is being driven by the increasing demand from the food & beverage industry and the growing e-commerce sector.

The key players in the paper packaging & paperboard packaging materials market are Amcor Ltd., Sonoco Corporation, Tetra PaK, International Paper Company, Evergreen, Sappi Ltd., Packaging Corporation of America, Clearwater Inc., WestRock, Carauster Industries Inc., DS Smith, Mondi Group, Westrock. These companies are focusing on innovation and product development to maintain their market share. They are also expanding their production capacities to meet the growing demand for paper packaging materials.

The growth of the market is being driven by several trends, including:

  • The increasing demand for eco-friendly packaging materials: Paper packaging materials are made from wood pulp, which is a renewable resource. They are also recyclable and biodegradable, making them a more sustainable choice than other packaging materials such as plastic.
  • The rising demand for convenience food products: Paper packaging materials are lightweight and easy to transport, making them ideal for e-commerce businesses.
  • The growing popularity of online shopping: The rise of online shopping is driving the demand for paper packaging materials. Online retailers need to ensure that their products are packaged securely and efficiently, and that paper packaging materials are well-suited for this purpose.
  • The increasing focus on sustainability: Governments and consumers are increasingly focused on sustainability, and this is driving the demand for paper packaging materials. Paper packaging materials are a more sustainable choice than other packaging materials, and this is a trend that is likely to continue in the years to come.

Key Objectives of this Market Report:

  • The global paper packaging & paperboard packaging materials market is projected to reach $XX billion by 2028.
  • The market is expected to grow at a CAGR of XX% from 2023 to 2028.
  • The growth of the market is being driven by the increasing demand for eco-friendly packaging materials.
  • The rising demand for convenience food products is also driving the growth of the market.
  • The key players in the market are Amcor Ltd., Sonoco Corporation, Tetra PaK, International Paper Company, WestRock, Carauster Industries Inc., DS Smith, Mondi Group, Westrock, and Others.

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