Paper and paperboard-based materials comprise some of among the earliest and most widely used types of packaging

Beautiful, Versatile, Sustainable

Made of thick paper, printed with brand-enhancing graphics, and cut/folded into unique structures, paperboard packaging engages consumers like nothing else on the store shelf.

Over one-third of the packaging market is made up of these materials, which are utilized extensively in all phases of production, distribution, marketing, and consumption. Primary packaging at the place of sale, secondary packaging for distribution and storage, and other applications are all covered by their purposes.

Paper and paperboard, made of interwoven cellulose fibres, have versatile qualities that allow printing and manipulation into rigid or flexible packaging utilizing methods including cutting, creasing, folding, and securing.

The global paper and paperboard packaging market is projected to expand from USD 297.89 billion in 2022 to approximately USD 452.74 billion by 2032. This growth represents a Compound Annual Growth Rate (CAGR) of 4.28% between 2023 and 2032.

Among the noteworthy developments are the 12.5% increase in paper production that occurred in January 2023, totalling 67,100 tonnes, and the 6.7% increase in paper production that occurred cumulatively between April 2022 and January 2023, totalling 5,553,900 tonnes in November 2022, there was an 11.1% increase in the production of paper goods.

Report Highlights: Important Revelations

• The dominance of the Asia Pacific region in the paper and paperboard packaging industry.
• Increasing need for paper and paperboard products in North America.
• Utilization of folding cartons across diverse sectors.
• Growing requirement for paper and paperboard in the food and beverage industry.
• Benefits of paper bags compared to plastic for sustainable packaging.

Asia Pacific’s Leadership in the Paper and Paperboard Packaging Sector

Asia pacific region is taking over the packaging sector with their leading market shares in India and China. This surge is fuelled by three key factors, growing populations, rising disposable incomes, and a growing preference for packaged goods, especially food, as traditional markets shift towards packaged consumerism. China a global leader in packaging sector contribute 48% in packaging market alone, on the other hand India is growing at 8.5% rate by 2022.

This trend may be clearly observed in China’s paper and packaging business. A 2022 estimate stated that the nation produced an astounding 283.91 million tonnes of pulp, paper, and related materials. The packaging industry in India is growing in tandem with this boom, driven by a number of factors including strong domestic demand, a thriving industrial base, and an expanding market for paper products such as tissue, filters, tea bags, and lightweight online packaging materials. The market for premium packaging is being driven by well-organized retail chains.

Rise in Demand for Paper and Paperboard Goods in North America

North America appears as the second-largest market for paper and paperboard packaging, with a notable consumption trend. Although the average worldwide is 55 kg per person annually, North American consumers significantly exceed this, with a four-fold increase in consumption. Notably, in North America, the use of writing and printing paper has significantly decreased. This category, which by volume makes up around 25% of all paper usage global, has seen significant declines in utilization.

One significant effect of this change in consumption habits is that formerly underserved people now have more access to paper markets. This accessibility has consequently led to a continuous rise in the demand for paper goods. Paper sector adaptations to meet changing customer demands and preferences have been made as conventional North American consumption habits change, characterized by less reliance on printing and writing paper. As a result, the need for paper and paperboard packaging keeps growing due to a combination of conventional uses and the changing needs of various consumer groups in the North American market.

Paper and Paperboard Packaging Market Trends

• The market for paper and paperboard packaging is placing an increasing amount of attention on environmental sustainability. As an attempt to reduce their influence on the environment, manufacturers are steadily implementing environmentally friendly production methods, recycled fibres, and sustainable forestry techniques.
• Packaging made of paper and paperboard is adaptable and customisable for a variety of goods and uses.
• Technological developments in paper and paperboard packaging have encouraged the development of innovative approaches that promote product sustainability, functionality, and protection.
• The need for paper and paperboard packaging materials appropriate for online retail distribution has grown as e-commerce has expanded.

Rising Demand for Paper and Paperboard in Food and Beverage Sector

The food and beverage industry stands as the largest end-user within the paper and paperboard packaging market, experiencing significant growth driven by various factors. This growth is primarily propelled by the development of the country’s logistics sector, increasing urbanization, and the expanding penetration of organized online retail, leading to heightened growth in fast-moving consumer goods (FMCG), pharmaceutical, and processed food industries. Within this segment, the demand for value-added boxes is particularly pronounced, contributing to the dominance of the food and beverage segment in the global corrugated box packaging market.

Advantages of Paper Bags Over Plastic in Sustainable Packaging

Paper bags are the leading product used in paper and paperboard packaging market. On a large-scale paper bag used in food and beverage products such as snacks, juice and others, also used as shopping bags.

The global trend towards sustainability and environmentally friendly solutions has significantly impacted various industries, with packaging being no exception. Increasing concerns about plastic pollution and environmental degradation have led consumers and businesses to seek alternative packaging options. Paper bags provide a number of advantages over plastic bags. Firstly, they are biodegradable and compostable, which means they decay naturally without leaving hazardous residue.

Report Source: https://www.towardspackaging.com/insights/paper-and-paperboard-packaging-market-sizing