According to MRFR analysis, the global Paper Packaging Market is expected to register a CAGR of 5.2% from 2022 to 2030 and hold a value of over USD 498.0 billion by 2030.
Paper packaging raises to several rigid and flexible packaging materials, as well as corrugated boxes, liquid paperboard cartons, paper bags, folding boxes & cases, inserts & dividers, etc. They are industrial by bleaching fibrous compounds obtained from wood and recycled wastepaper pulp. Paper packaging materials are generally highly versatile, customizable, lightweight, durable, and recyclable. They are obtainable in an extensive variety of colors, shapes, and sizes to meet the individual prerequisite of the customers. Due to this, they find extensive applications across retail, food, beverage, cosmetic, and healthcare productions.
The packaging industry witnessed some major issues due to the COVID-19 epidemic, including the effects of the countrywide lockdown, companies moving to source away from China, and reconsidering materials cast-off in packaging. Although the supply side of paper packaging has witnessed a substantial impact, a drastic upsurge in the end-user demand in some applications has significantly extended the scope of paper packaging.
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The Asia Pacific market is anticipated to grow fast due to the rising population, rising middle-class income, and enlargement of retail networks which are contributing to the steady growth of several end-use industries.
Europe is also anticipated to grow at a considerable rate going forward owing to rising sustainability awareness and limited use of single-use plastics.
The Global Paper packaging market has been segmented into the Type, Level of Packaging, and End-User Industry
Based on Type, The Global Paper packaging market has been segmented into Corrugated Boxes, Boxboard or Paperboard Cartons, Paper Bags and Sacks, and Paper Pouches)
Based on the Level of Packaging, The Global Paper packaging market has been segmented into Primary, Secondary, and Tertiary
Based on End-User Industry, The Global Paper packaging market has been segmented into Food, Beverage, Healthcare, and Personal & Home Care
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Some of the key market players are WestRock Company (US), Packaging Corporation of America (US), Cascades Inc. (Canada), Nippon Paper Industries Ltd. (Japan), International Paper Company (US), Mondi Group (UK), Smurfit Kappa Group (Ireland), and DS Smith PLC (UK)
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Paper Bags Packaging Market Research Report: By Material Type (Brown Kraft, White Kraft), By Product Type (Multiwall Bags, Flat Bottom Bags), By Thickness (3 Ply, 2 Ply, More Than 3 Ply, Less Than 2 Ply), By End-use (Food & Beverage, Retail, Pharmaceutical), and By Region (North America, Europe, Asia-Pacific, the Middle East & Africa, and South America) — Forecast till 2030
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