According to the latest report by IMARC Group, titled “Paper Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the paper packaging market trends.
The global paper packaging market reached a value of US$ 402.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 493.5 Billion by 2027, exhibiting at a CAGR of 3.5% during 2022-2027. Paper packaging refers to the versatile and cost-efficient method of transporting, protecting and preserving a wide array of items by utilizing various rigid and flexible packaging materials, including corrugated boxes, liquid paperboard cartons, paper bags and sacks, folding boxes and cases. They are manufactured by bleaching fibrous compounds derived from wood or recycled wastewater pulp. Paper packaging is usually sturdy, durable and lightweight as well as customizable and includes paperboard cartons, paper bags, corrugated boxes and folding boxes. Paper packaging solutions are extensively utilized in the packaging of food products, beverages, glassware, electronics, medicines, toiletries and perishables.
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Global Paper Packaging Market Trends:
The global market is primarily driven by the growing demand for paper-based flexible packaging from numerous industries. Parchment and grease-proof papers are widely used in the production of flexible packaging in the form of bags, envelopes and pouches. The market is further driven by the rising requirement for affordable packaging solutions. Moreover, the growing preference for online shopping portals and the expansion of modern retail formats across the world has resulted in an increasing demand for secondary and tertiary paper packaging. This is further facilitated by an enhanced focus toward sustainable development among the masses. In line with this, governments of various countries have banned the usage of single-use plastics, which is expected to provide an impetus to the market growth, as paper packaging solutions are eco-friendly and act as a sustainable alternative to the plastic-based packaging solutions. Apart from this, several companies, food joints and cafes are increasingly using paper cartons for packing liquids and beverages, which is boosting the sales of paper packaging solutions. Other factors, such as rapid urbanization and the continual launch of aesthetically and visually appealing paper packaging designs by the manufacturers, are expected to create a positive outlook for the market.
Paper Packaging Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the paper packaging market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Amcor Limited
- DS Smith Plc
- Evergreen Packaging, LLC
- Holmen Group
- Hood Packaging Corporation
- Huhtamäki Oyj
- International Paper
- Kapstone LLC
- Mayr-Melnhof Karton AG
- Mondi plc
- Pratt Industries
- WestRock Group
Key Market Segmentation:
The report has segmented the global paper packaging market on the basis of product type, grade, packaging level, end-use industry and region.
Breakup by Product Type:
- Corrugated Boxes
- Folding Boxes and Cases
- Liquid Paperboard Cartons
- Paper Bags and Sacks
- Others
Breakup by Grade:
- Solid Bleached
- Coated Recycled
- Uncoated Recycled
- Others
Breakup by Packaging Level:
- Primary Packaging
- Secondary Packaging
- Tertiary Packaging
Breakup by End-Use Industry:
- Food
- Beverages
- Personal Care and Home Care
- Healthcare
- Others
Breakup by Region:
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
- Middle East and Africa ( Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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