Market Research Future published a half coocked research report on the global paper packaging market that contains the information from 2022–2030.
The paper packaging industry is projected to grow from USD 345579.37 million in 2022 to USD 492785.58 million by 2030, exhibiting a compound annual growth rate (CAGR) of 5.20% during the forecast period (2022 - 2030).
In 2021, the corrugated boxes segment held a significant market share: MRFR
The global market for paper packaging has been segmented on the basis of type, level of packaging, end-user industry, and region. Corrugated boxes segment continues to capture a leading share in the global paper packaging paper market. The strength, cost-effectiveness, and eco-friendly attributes of corrugated boxes fuel the use of corrugated boxes in the global paper packaging market.
Based on end-user industry, the paper packaging market is segmented into food, beverage, healthcare, personal & home care. The food and beverage segment is anticipated to demonstrate the highest growth in the market due to the high demand of food products worldwide. Growing preference for packed and processed food contributed to the use of paper packaging.
On the basis of level of packaging, the paper packaging market is segmented into primary, secondary, tertiary. Primary packaging is considered to hold the major share of the global paper packaging market. The growing demand for primary packaging from food and beverages, pharmaceutical, personal care, and household care industries is expected to drive the global packaging market. Since single-use plastic damages, the environment and strict government guidelines keep plastic use under control.
Based on region, the paper packaging market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. North America accounts for the largest market for paper packaging worldwide, followed by Europe, given these regions' flourishing food & beverage and healthcare industries.
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Key industry participants in the paper packaging industry include International Paper International Paper Company (US), Mondi Group (UK), Smurfit Kappa Group (Ireland), DS Smith PLC (UK), WestRock Company (US), Packaging Corporation of America (US). Cascades Inc. (Canada), Nippon Paper Industries Ltd. (Japan), Rengo Co. Ltd. (Japan), Graphic Packaging International (US), METSÄ BOARD (Finland), Sonoco Products Company (US), Visy Industries (Australia), Seaboard Folding Box Company Inc. (US), Georgia-Pacific Corporation (US), MeadWestvaco (US), OJI Holding Corporation (Japan), Stora Enso Oyj (Finland), and The Mayr-Melnhof Group (Austria).
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging and high-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global paper packaging market, including high-growth regions and/or countries and political and economic environments. The project report further provides both – historical market values and pricing and cost analysis.
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