Paper Packaging Market size was over USD 377.18 billion in 2024 and is projected to reach USD 643.92 billion by 2037, growing at around 4.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of paper packaging is assessed at USD 389.85 billion.
This boost is anticipated by the slated demand for eco-friendly and sustainable alternatives to packaging, as renewable, recyclable, biodegradable paper packaging attract more businesses and consumers to reduce their environmental footprints. According to a report, more than 64% of consumers in the UK are estimated to purchase a product if its packaging is sustainable. Consumers are also willing to pay more in this sector owing to the environmentally friendly process and packaging of these products.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
4.2% |
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Base Year Market Size (2024) |
USD 377.18 billion |
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Forecast Year Market Size (2037) |
USD 643.92 billion |
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Regional Scope |
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Material Type (Corrugated Board, Specialty Paper, Box-board/Carton Board, Kraft Papers, Molded Pulp, Paper Bags & Sacks, Paper Pouches)
Corrugated board segment is estimated to hold paper packaging market share of over 28% by the end of 2037 owing to the consumer's support of the circular economy model, which reduces environmental pollution and carbon footprints by using cardboard. According to the Ellen MacArthur Foundation, demand for new business services would be created using a circular economy, such as reverse logistics collection, and reintroduction of end-of-use products into the system. Foundation projects using circular models could expand to 23% in 2030 from 3.5% in 2023.
Packaging Type (Corrugated Boxes, Cartons, Wrapping Paper, Inserts & Dividers, Bottle & Cup Carriers, Cups & Trays, Clamshell, Display Packaging, Bags & Sacks, Tapes & Labels)
The corrugated boxes segment in the paper packaging market is set to garner a notable share during the forecast period, impelled by its increasing usage in online retail & e-commerce propelled by its sturdiness which is necessary while transporting through handling and shipping. According to the International Trade Administration, the global B2B e-commerce sector expansion is expected to cross USD 5.5 trillion by 2027 with a CAGR of about 14.4%. Moreover, the lightweight property of corrugated boxes also helps in reducing the shipping cost.
End-User (Food & Beverage, Personal Care & Cosmetic, E-commerce, Healthcare, Electrical & Electronic, Automotive & Industrial, Homecare & Toiletries, Chemical & Fertilizers)
The food & beverage segment is projected to hold the highest influencing segment under the end-user of the paper packaging market. The reason behind this impact is projected driven by the increasing usage of paper packaging in fast foods, frozen foods, and fresh foods. According to a report, more than 52% of millennials are estimated to consume fast food a few times a week and about 24% consume it daily.
Additionally, innovations such as coated papers and wraps are increasing the demand in this sector as they prevent leakage of food while delivering, packaging, storing, and many more.
Our in-depth analysis of the paper packaging market includes the following segments:
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Material Type |
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Packaging Type |
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End-user |
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Source Type |
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Level of Packaging |
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APAC Market Statistics
Asia Pacific industry is predicted to dominate majority revenue share of 44% by 2037. The landscape tremendous growth in the region is expected on account of the surge in the presence of paper manufacturers such as envelope paper, and several government initiatives and steps to protect the environment in the region. According to the World Customs Organization, an initiative- the Asia-Pacific Waste Project (APPWP) was implemented by the Japanese Government from April 2020 to June 2023, which aims to strengthen the customs administrations and to respond appropriately to environmental threats.
Nestle Japan is continuously evolving its packaging to make it refillable and reusable along with recycled packaging materials. This helps them make it a bio-based and high-performance barrier paper, which is easily biodegradable and compostable.
According to a report, paper consumption in India is predicted to witness an annual fuel of more than 6% & is expected to cross 30 million tons by 2027.
North American Market Analysis
The North American region will also encounter a huge influence on the paper packaging market demand during the forecast period with a size and will account for the second position attributed to the consumers being more aware regarding their packaging choice, and becoming highly aware of the environmental impacts because of it. According to a report, about 13 environmental indicators reported that about 10% of the total life cycle emissions are caused due to plastic packaging.
Cascades in the United States, launched a cardboard container made up of 100% recycled fibers, especially from post-consumer sources. This tray is also resistant to humidity as it has a water-based barrier coating.
Most of these companies are continuously collaborating, expanding, making agreements, and joining ventures for the growth of this paper packaging market and are estimated to be the major key players in this landscape.
Author Credits: Abhishek Anil
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