Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Request Free Sample
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.
Speak to Analyst

Paper Packaging Market Research Report Information, By Type (Corrugated Boxes, Boxboard or Paperboard Cartons, Paper Bags and Sacks, and Paper Pouches), By Level of Packaging (Primary, Secondary, and Tertiary), By End User Industry (Food, Beverage, Healthcare, and Personal & Home Care), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030

ID: MRFR/PNT/9257-HCR | 188 Pages | Author: Snehal Singh| April 2024

Global Paper Packaging Market Overview

Paper Packaging Market Size was valued at USD 328497.5 million in 2021. 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 (2024 - 2030). The rising inclination towards sustainable packaging driven by stringent regulations imposed by governments for environmental protection is the key market drivers enhancing the market growth.Paper Packaging Market OverviewSource: Secondary Research, Primary Research, MRFR Database and Analyst Review

Paper Packaging Market Trends

  • Growing Adoption of Containerboard to boost market growth

Due to its function in manufacturing and delivering necessary goods and the increased emphasis on e-commerce, containerboard had the strongest paper packaging market in 2020. The significant decrease in services spending had a detrimental effect on many other paper packaging grades, even if certain carton board grades related to packaged goods did well. In 2021, strong demand recovery stretched across all grades, fueled by the sustained positive containerboard market dynamics and an improving service outlook. The significance of this dynamic sector's involvement in boosting the growth of containerboard demand has grown as a result of the remarkable e-commerce success of 2020–21 which in return the demand for paper packaging.

Figure 1: Growth of paper packaging in tonesGrowth of paper packaging in tonesSource: Secondary Research, Primary Research, MRFR Database and Analyst Review

Additionally, a cross-commodity price rating agency, before a decline in 2019 due to sluggish  manufacturing, the demand for paper packaging increased ly by an average of 5.8 million tonnes annually from 2014 to 2018. As a result, the market continues to follow or lag behind its long-term trend. Demand was unchanged in 2020 before increasing by 12.7 million tonnes in 2021. Therefore, such factors have recently enhanced the market CAGR across the globe in the recent years.

Paper-based alternatives will continue to benefit from increased opposition to single-use plastics in 2022, with the trend starting to take off in Europe. This will expand the paper packaging industry to expand and act as another factor driving the growth of the paper packaging market revenue.

Paper Packaging Market Segment Insights

Paper Packaging Type Insights

The  paper packaging market segmentation, based on type, includes corrugated boxes, boxboard or paperboard cartons, paper bags and sacks, and paper pouches. The corrugated paper packaging segment held the majority share in 2021 contribution to around ~50-55% in respect to the  market revenue.  Compared to standard cardboard boxes, corrugated boxes are more robust. They serve as a sturdy cushion for any goods they are transporting throughout shipping and handling. The size of corrugated cardboard can vary depending on its thickness and size.

November 2022: JK Paper has agreed to acquire HPPL and SPPL, corrugated packaging manufacturers for around Rs. 578 crores through a shareholder’s agreement.

February 2022: WestRock announced its plans to set up a new plant in Longview, Washington for manufacturing of corrugated boxes.

Figure 2:  Paper Packaging Market, by Type, 2021 & 2030 (USD Million)Paper Packaging Market, by Type, 2021 & 2030Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Boxboard or Paperboard Cartons is the second fastest-growing segment, which accounts for a considerable share of the paper packaging market share. A single item like breakfast cereal, shoes, crackers, or a toy is sometimes transported in a boxboard, a thin, lighter-weight carton. It lacks the corrugating medium, an intermediate layer with waves that give boxes strength.  

Paper Packaging Level of Packaging Insights

The  paper packaging market segmentation, based on the level of packaging, includes primary, secondary, and tertiary. The primary packaging segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. The pharmaceutical, personal care, household care, and food and beverage industries' rising demand for primary packaging are anticipated to boost the worldwide packaging industry. Hence, rising primary packaging applications positively impact the market growth.

Tertiary packing is one of the three forms of wrapping used to safeguard produced items for shipping or storage. It is employed to safeguard the product as well as both its secondary and main packing. Since retailers normally remove it before things are put up for sale, consumers rarely notice secondary packaging. Owing to the factors mentioned, tertiary packaging is the second fastest-growing segment in the  paper packaging market.

Paper Packaging End-User Industry Insights

The paper packaging market data has been divided into food & beverage, healthcare, and personal & home care. The food & beverage segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. Paper packaging is becoming more popular as the demand for frozen and fast food rises and suitable packaging is needed.

The pharmaceutical segment of the market is the second fastest segment by the end-user industry. The segment is being driven by the rise in population, rising life expectancy, rising health awareness, and increased awareness of the environmental impact of old packaging and the change to new packaging standards.

April 2022: A versatile paper-based medical packaging system that can withstand all three commonly used sterilizing methods—radiation, autoclave, and ethylene oxide—was unveiled by Neenah, Inc. By offering a distinctive substitute for the polymer-based or kraft medical packaging typically used for nasal swabs, syringes, bandages, and other single-use applications, this novel product enables companies to serve numerous markets and explore new prospects. This initiative has further broadened the growth opportunity for the paper packaging industry.

Paper Packaging Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. Asia Pacific market accounted for USD 138297.45 million in 2021 and is expected to exhibit a CAGR of 42.10% growth during the study period. This is attributed to the growing presence of manufacturers and increasing government initiatives for protecting environment across the region.

Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3:  PAPER PACKAGING MARKET SHARE BY REGION 2021 (%) PAPER PACKAGING MARKET SHARE BY REGION 2021Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

North America paper packaging market accounts for the second-largest market share due to the booming food and beverage and healthcare sectors in the area. Approximately 74 million metric tonnes of paper and paperboard were consumed in the Region in 2018, according to the UNECE and FAO. The market expansion in the area is largely due to the United States. The US paper packaging market dominates the region for folding carton packaging.

The Europe paper packaging market is anticipated to expand at the fastest CAGR from 2022 to 2030. The increasing demand for recyclable and environmentally friendly packaging choices is one of the major reasons propelling the growth of the paper packaging market in Europe. Moreover, Germany paper packaging market held the largest market share, and the UK paper packaging market was the fastest growing market in the Europe region

For instance, Germany paper packaging market is growing because according to PostNord, a supplier of postal services, in 2021, Germany had the greatest e-commerce consumer base with 62.1 million online buyers. Hence, Europe is anticipated to register the highest growth rate over the forecast period from 2022–2030.

Paper Packaging Key Market Players & Competitive Insights

Major market players are investing a lot of money in money and other financial investments like R&D to improve their product portfolios, which will help the market grow even more. Market participants are also taking a range of both organic and inorganic growth initiatives to expand their presence, with key market developments such as new product innovations, contractual agreements, mergers & acquisitions, increased investments, and strategic collaboration with other organizations. Competitors in the paper packaging industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

One of the primary business strategies adopted by manufacturers in the paper packaging industry to help clients and expand the market sector is to produce locally to decrease operating expenses. In recent years, the paper packaging industry has provided industries with some of the most significant benefits. The market major player such as International Paper Company (US), Mondi Group (UK), Smurfit Kappa Group (Ireland), DS Smith PLC (UK), WestRock Company (US), and others are working to scale the market demand by investing aggressively in research and development initiatives.

Mondi Group (UK) is a company involved in the packaging and paper industry with over 100 production facilities across more than 30 countries. In October 2022, At its flagship Štětí mill in the Czech Republic, Modi announced that a €400 million investment in a new paper plant had been approved. The investment will further solidify Mondi's position as the industry leader and is a part of the Group's €1 million expansionary capital investment program.

Also, Smurfit Kappa Group (Ireland) is a provider of paper-based packaging solutions. The company provides a portfolio of paper packaging solutions unmatched in the industry, and we are constantly adding new, industry-changing technologies. In May 2022, A novel and sustainable water-resistant paper has been created by Smurfit Kappa. The new TechniPaper portfolio from Smurfit Kappa includes AquaStop. It ushers in a new era of environmentally friendly packaging (Grease-proof, slip-resistant, moisture-resistant, flame-retardant, anti-static, and heat-sealable papers), and it includes a variety of high-performance papers made to withstand even the most intricate supply chains.

List of the Key Companies in the Paper Packaging market includes

  • 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), among others

Paper Packaging Industry Developments

September 2021: Heinz has teamed up with WestRock to eliminate 550 tonnes of plastic packaging from multipacks in supermarkets in the United Kingdom as part of a EUR 25 million investment in more environmentally friendly options. The shrink-wrapped multipacks of Heinz Beanz, Heinz soups, and Heinz pasta varieties will be replaced on supermarket shelves by Heinz's recyclable paperboard sleeve.October 2023: Smurfit Kappa, a leading global provider of paper-based packaging solutions, announced that it had signed a partnership agreement with Nestle to develop sustainable packaging solutions for Nestle's products. The partnership will focus on developing recyclable and compostable paper packaging solutions.

Paper Packaging Market Segmentation

Paper Packaging Type Outlook

  • Corrugated Boxes

  • Boxboard or Paperboard Cartons

  • Paper Bags and Sacks

  • Paper Pouches

Paper Packaging Level of Packaging Outlook

  • Primary

  • Secondary

  • Tertiary

Paper Packaging End-User Industry Outlook

  • Food

  • Beverage

  • Healthcare

  • Personal & Home Care

Paper Packaging Regional Outlook

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

Report Attribute/Metric Details
Market Size 2021 USD 328497.5 million
Market Size 2022 USD 345579.37 million
Market Size 2030 USD 492785.58 million
Compound Annual Growth Rate (CAGR) 5.20 % (2024-2030)
Base Year 2021
Market Forecast Period 2024-2030
Historical Data 2018 & 2020
Market Forecast Units Value (USD Million)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Type, Level of Packaging, End-User Industry, and Region
Geographies Covered North America, Europe, Asia Pacific, and Rest of the World
Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled 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), and Nippon Paper Industries Ltd. (Japan)
Key Market Opportunities Increasing technological advancements
Key Market Dynamics Positive impact on environment Rising government initiatives

Frequently Asked Questions (FAQ) :

The paper packaging market size was valued at USD 328497.5 million in 2021.

The paper packaging market is projected to grow at a CAGR of 5.20% during the forecast period, 2024-2030.

Asia Pacific had the largest share in the market for paper packaging.

The key players in the market are as International Paper Company (US), Mondi Group (UK), Smurfit Kappa Group (Ireland), DS Smith PLC (UK), WestRock Company (US).

The corrugated boxes paper packaging category dominated the paper packaging market in 2021.

The primary paper packaging had the largest share in the market.

The food & beverages segment had the largest share in the market for paper packaging.

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Request Free Sample
Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.
Ask for Customization