Paper packaging is an adaptable and economical way to ship, shop, and guard diverse items. It can also be changed to satisfy the purchaser's requirements or a specific product. Paper packaging has many benefits, along with being light-weight, biodegradable, and recyclable, which makes it a vital component. Consumers, the government, and the media stress producers to offer more green products, packaging, and manufacturing methods.
The market share of paper packaging is growing because of the rise in online food deliveries, which prioritize green packaging alternatives. Paper based packaging solutions are increasingly in demand as companies and purchasers place a top priority on recyclable, biodegradable, and renewable packaging substances. The food and beverage industry have witnessed an exquisite transition from single-use plastics to paper-based alternatives because of the increased consciousness of plastic pollution and its environmental consequences. This move is riding the marketplace's growth.
The growth of E-trade sales and the growing demand for folded carton packaging are driving the marketplace. However, the supply of high-performance substitutes is likely to restrain its growth. Paperboard packaging is an environmentally pleasant alternative that can be synthetic in numerous sizes with a small footprint, making it appropriate for almost all give-up-consumer sectors. The Indian e-commerce industry is anticipated to reach $200 billion by 2026, up from $38.5 billion in 2017.
The recyclability of pulp utilized in paper packaging is an enormous benefit. Recycling reduces the need for strong waste disposal and minimizes the quantity of packaging waste in landfills. This practice is crucial for the marketplace's growth because it promotes sustainability and saves valuable landfill space, contributing to a more fit environment.
Asia Pacific Paper Packaging Market
The Asia-Pacific marketplace, set to expand extensively, is propelled by the transit packaging area, extended customer spending, and burgeoning manufacturing centers. The speedy growth of Asian international locations, along with India and China, which rely increasingly more on paper pulp, is an essential driving force behind this trajectory. The Indian Paper Manufacturers Association projects that through the financial year 2026-2027, India's paper consumption can have multiplied by 6-7% annually to 30 million tons. It is predicted that the upward push in prepared retail commerce and the increased cognizance of literacy and schooling might be the number-one drivers of this growth.Due to its diverse economies, China offers numerous packaging possibilities across unique industries, including meals, beverages, healthcare, and consumer items. Data from the National Bureau of Statistics of China suggests that processed paper and cardboard manufacturing has accelerated in response to the growing demand. The cumulative production extent of processed paper and cardboard in China reached about 22.42 million metric tons in January and February 2024, up from 12.25 million in August 2023.
Paper Packaging Market Company Overview:
Some of the market leaders within the Global Paper Packaging Market include Amcor, DS Smith PLC, Pactiv Evergreen Inc., WestRock Company, Mondi Group Plc, Smurfit Kappa, Mayr-Melnhof Karton AG, Billerud, Stora Enso Oyj, and Rengo Co. Ltd.Paper Packaging Market News:
- March 2024 - Sealed Air has advanced a brand-new paper backside web to meet the demand for paper packaging. The barrier-formable paper includes 90% FSC-licensed fibers and can reduce plastic usage by 77% compared to PET/PE bottom web packaging.
- January 2024: ITC Sunfeast Farmlite added the Sunfeast Farmlite Digestive Biscuit Family with 100% outer paper packaging, making it the primary of its type. The paper packaging is both cute and person-friendly.
- In September 2023, ProAmpac delivered the patent-pending ProAactive Recyclable RP-1000 High Barrier Paper based generation. This era is ideal for dry food objects like sweets, dehydrated fruit, and flavored oatmeal due to its robust moisture barrier and grease resistance.
- September 2023: In the United Kingdom, Mondi and Veetee delivered the primary dry rice bundle made from recyclable functional barrier paper, replacing plastic packaging.
- May 2023: Mars launched a recycled paper packaging initiative inside the UK, with Tesco wearing the brand new paper-wrapped Mars bars for a constrained time. This pass will considerably lessen plastic waste related to Mars bars, marking a promising development in sustainable packaging.
- April 2023: M&S introduced a new recyclable rice and grain packing solution with paper box and bag designs. Customers can recycle each style at home. The paper based bags have a thin layer of plastic to keep meals quantity.
Product Type - Global Paper Packaging Market breakup in 5 viewpoints:
1. Corrugated Boxes2. Folding Boxes and Cases
3. Liquid Paperboard Cartons
4. Paper Bags and Sacks
5. Others
End Use - Global Paper Packaging Market breakup in 8 viewpoints:
1. Food & Beverage2. E-Commerce
3. Electrical & Electronic
4. Home Care
5. Personal Care & Cosmetic
6. Automotive & Industrial
7. Healthcare
8. Others
Country - Global Paper Packaging Market breakup in 25 viewpoints:
1. North America1.1 United States
1.2 Canada
2. Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherlands
2.8 Turkey
3. Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand
4. Latin America
4.1 Brazil
4.2 Mexico
4.3 Argentina
5. Middle East & Africa
5.1 Saudi Arabia
5.2 UAE
5.3 South Africa
All the Key players have been covered from 4 Viewpoints:
- Overview
- Recent Development
- Product Portfolio & Product Launch in Last 1 Year
- Revenue
Company Analysis:
1. Amcor2. DS Smith PLC
3. Pactiv Evergreen Inc.
4. WestRock Company
5. Mondi Group Plc
6. Smurfit Kappa
7. Mayr-Melnhof Karton AG
8. Billerud
9. Stora Enso Oyj
10. Rengo Co. Ltd.
Table of Contents
Companies Mentioned
- Amcor
- DS Smith PLC
- Pactiv Evergreen Inc.
- WestRock Company
- Mondi Group Plc
- Smurfit Kappa
- Mayr-Melnhof Karton AG
- Billerud
- Stora Enso Oyj
- Rengo Co. Ltd.
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 220 |
| Published | June 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 367.8 Billion |
| Forecasted Market Value ( USD | $ 541 Billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
