Worldwide Paper Packaging Market Size was US$ 379.37 Billion in 2021
Notwithstanding, the growing retail and e-commerce industries, along with the ever-increasing demand for environment-friendly packaging products, currently represent the key factors driving the market's growth. With the rapid increase in online shopping platforms, the necessity for paper packaging products has escalated immensely. Likewise, growing consumer consciousness regarding sustainable packaging and favorable government policies boost market growth. Governments of various emerging and developed nations are promoting paper-based products as an alternative to plastic for minimizing toxin levels and pollution in the environment.
COVID-19 Impact on Paper Packing Industry
The paper packaging industry saw some significant issues due to the COVID-19 pandemic, including the effects of nationwide lockdown, companies pushing to source away from China, and reconsidering materials used in packaging. Although the supply side of paper packaging has witnessed a practical impact, a drastic growth in the end-user demand in some applications has expanded the scope of paper packaging.
Food and Beverage holds the Substantial Market Share
Based on the end-user industry, the paper packaging market is segmented into Food, Beverage, Healthcare, Personal and Homecare, and Others. The food and beverage segment is to demonstrate the highest growth due to the high demand for food products globally. Paper packaging is the primary asset of the food industry. It is environment-friendly and raises the nicety for consumers. There is a significant competitor in the food and beverage market among the players who deliver quality products. Various paper packaging materials in the market are available to fulfill the different packaging needs, like cardboard boxes and corrugated boxes.
Global Paper Packaging Industry is expected to grow with a CAGR of 4.6% from 2021-2027
Regionally, the Asia Pacific paper packaging market is currently witnessing robust growth. The rising number of manufacturing plants all over the region, combined with the growing consumerism and transit packaging sector in the Asia Pacific, contributes to the growth of the paper packaging market. Due to the increasing need for paper pulp in developing countries such as India and China, the region will grow fastest. An upsurge in the transit packaging sector in China, combined with growing consumerism, leads to a rapidly rising demand for paper packaging. Furthermore, there is an escalating rate of exports in the developing logistics sector as the corrugated boxes are anticipated to dominate the market in this region. Vital industries like the fast-growing middle-class population and fast-moving consumer goods (FMCG) and cosmetics encourage the demand for paper packaging in the region.
Competitive Landscape
The paper packaging market is fragmented. It is a highly competitive market with several players such as WestRock Inc., International Paper Company Inc., Packaging Corporation of America, Amcor Ltd, Mondi Group, Smurfit Kappa Group, DS Smith PLC, Holmen. These companies keep innovating and entering into strategic partnerships to retain their market share.
This report titled Paper Packaging Market, Global Forecast by Product (Liquid Packaging cartons, corrugated cases, Carton and Folding boxes, and others), Region (North America, Europe, Asia- Pacific, and ROW), End-Users (Food, Beverage, Healthcare, Personal and Homecare, and Others), Company Analysis (WestRock Inc., International Paper Company Inc., Packaging Corporation of America, Amcor Ltd, Mondi Group, Smurfit Kappa Group, DS Smith PLC, Holmen) provides a detailed analysis of global paper packaging market.
Product - Market has been covered from 4 viewpoints
1. Liquid Packaging carton
2. Corrugated cases
3. Carton and Folding boxes
4. Others
Region - Market has been covered from 4 viewpoints
1. North America
2. Europe
3. Asia-Pacific
4. Rest of the World
End Use - Market has been covered from 5 viewpoints
1. Food
2. Beverage
3. Healthcare
4. Personal and Homecare
5. Others
All the companies have been studied from 3 points
- Overview
- Recent Developments
- Sales Analysis
Company Analysis
1. WestRock Inc.
2. International Paper Company Inc.
3. Packaging Corporation of America
4. Amcor Ltd
5. Mondi Group
6. Smurfit Kappa Group
7. DS Smith PLC
8. Holmen
5. Tereos Group
6. Atlia Group
7. Sudzucker AG
8. Global Bio-Chem Technology Group Company Limited
What is the estimated value of the Global Paper Packaging Market?
What is the growth rate of the Global Paper Packaging Market?
What is the forecasted size of the Global Paper Packaging Market?
Who are the key companies in the Global Paper Packaging Market?
Report Attribute | Details |
---|---|
No. of Pages | 115 |
Published | March 2022 |
Forecast Period | 2021 - 2027 |
Estimated Market Value ( USD | $ 379.37 Billion |
Forecasted Market Value ( USD | $ 496.88 Billion |
Compound Annual Growth Rate | 4.6% |
Regions Covered | Global |
No. of Companies Mentioned | 8 |
Table of Contents
1. Introduction2. Research & Methodology3. Executive Summary
Companies Mentioned
- WestRock Inc.
- International Paper Company Inc.
- Packaging Corporation of America
- Amcor Ltd
- Mondi Group
- Smurfit Kappa Group
- DS Smith PLC
- Holmen
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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