The paper and paperboard packaging market is anticipated at US$ 223.9 billion by 2024. The market valuation is estimated to be US$ 351 billion by 2034, registering a sluggish CAGR of 4.6%.
The market is experiencing notable growth, fueled by increasing demand for sustainable and eco-friendly packaging solutions. With applications spanning diverse industries such as food and beverage, pharmaceuticals, and retail, paper and paperboard packaging offers versatility and recyclability.
The emphasis on reducing environmental impact and stringent regulations favoring sustainable practices further drive market expansion. The rising consumer preference for biodegradable packaging also contributes to the industry's momentum.
Key players in the market focus on technological innovations and product development to enhance performance and meet evolving market demands. Despite digitalization trends, the enduring appeal of paper and paperboard packaging and its eco-friendly attributes position the market for sustained growth.
| Attributes | Key Insights |
|---|---|
| Market Estimated Size in 2024 | US$ 223.9 billion |
| Projected Market Size in 2034 | US$ 351 billion |
| Value-based CAGR from 2024 to 2034 | 4.6% |
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The scope for global paper and paperboard packaging market insights expanded at a 5.8% CAGR between 2019 and 2023. The market is anticipated to develop at a CAGR of 4.6% over the forecast period from 2024 to 2034.
| Historical CAGR from 2019 to 2023 | 5.8% |
|---|---|
| Forecasted CAGR from 2024 to 2034 | 4.6% |
Between 2019 and 2023, the global market demonstrated significant expansion, marked by a CAGR of 5.8%. This growth was attributed to increased demand for sustainable packaging solutions across various industries. During this period, the market's robust performance reflected a heightened focus on eco-friendly materials and recyclable packaging.
The forecast for the subsequent period from 2024 to 2034 indicates a slightly moderated growth trajectory, with an anticipated CAGR of 4.6%. This adjustment reflects factors such as evolving market dynamics, changing consumer preferences, and potential challenges in the global economic landscape.
The market expansion from 2019 to 2023 was driven by a surge in awareness regarding environmental sustainability, prompting a shift towards paper and paperboard packaging. In the forecast period, while the demand for sustainable solutions remains strong, the projected CAGR of 4.6% suggests a more measured pace of growth.
Factors such as market maturity, regulatory influences, and evolving industry trends likely contribute to this adjusted growth rate, emphasizing the need for industry players to navigate a landscape influenced by continuity and change.
Principal Consultant
| Attributes | Details |
|---|---|
| Opportunities |
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The table highlights the CAGRs of five key countries, with the United States, Japan, China, the United Kingdom, and South Korea leading the forefront. South Korea stands out as a dynamic market, poised for substantial growth, with an impressive 6.6% CAGR expected by 2034. Renowned for its dedication to innovation, the country plays a pivotal role across diverse industries, showcasing a thriving economic landscape in continuous evolution.
The noteworthy CAGR emphasizes South Korea's proactive approach to adopting and spearheading advancements, positioning itself as a significant contributor to the global sustainable materials industry.
| Countries | Forecast CAGRs from 2024 to 2034 |
|---|---|
| The United States | 4.9% |
| Japan | 5.1% |
| China | 5.3% |
| The United Kingdom | 5% |
| South Korea | 6.6% |
The diverse consumer-oriented market drives the extensive use of paper and paperboard packaging in the United States.
Packaging is widely employed in food and beverage, retail, and e-commerce, leveraging its eco-friendly nature and versatility. The emphasis on sustainable practices and recyclability aligns with consumer preferences, contributing to the continued market utilization.
In Japan, the preference for paper and paperboard packaging is rooted in its reliability and adaptability. Packaging is extensively used in the meticulous manufacturing processes, particularly in the pharmaceutical and electronics industries. The commitment to precision and quality aligns with paper and paperboard packaging characteristics, making it a staple for various applications.
The widespread adoption of paper and paperboard packaging in China is fueled by rapid industrialization and an expanding consumer market. Due to the booming online retail industry, packaging is extensively utilized in the food and beverage sector and e-commerce packaging.
The versatility, cost-effectiveness, and recyclability of paper and paperboard packaging contribute to its prominence in China.
In the United Kingdom, paper and paperboard packaging is ingrained due to the commitment to sustainability. Widely employed in the retail and food industries, the packaging aligns with the focus on reducing environmental impact.
The demand for eco-friendly and recyclable materials drive the market prevalence in various packaging applications.
The robust adoption of paper and paperboard packaging indicates its dynamic economic landscape and commitment to innovation. The packaging is extensively used across diverse industries, including electronics, cosmetics, and retail.
The emphasis on cutting-edge technology and sustainable solutions aligns with the characteristics of paper and paperboard packaging, driving its substantial usage in the market.
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The table below provides an overview of the paper and paperboard packaging landscape on the basis of type and grade. Corrugated boxes are projected to lead the type of market at a 4.5% CAGR by 2034 while folding boxboards in the grade category are likely to expand at a CAGR of 4.4% by 2034.
The widespread adoption of corrugated boxes is driven by their inherent strength and durability. The driver for the growth of folding boxboards lies in their versatility and printability. Folding boxboards offer a high-quality surface that allows for intricate printing and branding, making them ideal for packaging applications where visual appeal is crucial.
| Category | CAGR by 2034 |
|---|---|
| Corrugated Boxes | 4.5% |
| Folding Boxboard | 4.4% |
Corrugated boxes are anticipated to lead in the type category, demonstrating a projected CAGR of 4.5% by 2034. This leadership can be attributed to the widespread use of corrugated boxes across various industries, driven by their durability and suitability for shipping and transportation.
In the grade category, folding boxboards are poised for significant growth, with an estimated CAGR of 4.4% by 2034. This projection highlights the increasing demand for high-quality packaging solutions, especially in industries like cosmetics and food, where folding boxboards find extensive use due to their strength and printability.
The anticipated growth in corrugated boxes and folding boxboards underscores their crucial roles in the evolving landscape of paper and paperboard packaging.
The competitive landscape of the paper and paperboard packaging industry is characterized by the presence of key players engaged in intense market competition. Major companies within this landscape strategically position themselves to address the growing demand for sustainable packaging solutions.
These industry participants focus on product innovation, ensuring a diverse range of packaging solutions to meet the needs of various sectors such as food and beverage, pharmaceuticals, and e-commerce.
Strategic collaborations and partnerships are common within the competitive dynamics, enabling companies to leverage shared resources and enhance their market presence. Mergers and acquisitions contribute to the consolidation of market players, allowing for increased efficiency and a broader product portfolio.
Key Market Developments
| Attributes | Details |
|---|---|
| Estimated Market Size in 2024 | US$ 223.9 billion |
| Projected Market Valuation in 2034 | US$ 351 billion |
| CAGR Share from 2024 to 2034 | 4.6% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in US$ billion |
| Key Regions Covered |
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| Key Market Segments Covered |
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| Key Countries Profiled |
|
| Key Companies Profiled |
|
By 2024, the paper and paperboard packaging landscape is estimated to be valued at US$ 223.9 billion.
The paper and paperboard packaging market is projected to flourish at a CAGR of 4.6% from 2024 to 2034.
By 2034, the paper and paperboard packaging market will generate US$ 351 billion in value terms.
The corrugated boxes segment is anticipated to expand at 4.5% CAGR by 2034.
With a CAGR of 6.6%, South Korea is expected to dominate the paper and paperboard packaging market.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Type, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Type, 2024 to 2034
5.3.1. Corrugated Boxes
5.3.2. Boxboard
5.3.3. Paper Bag
5.4. Y-o-Y Growth Trend Analysis By Type, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Type, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Grade
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Grade, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Grade, 2024 to 2034
6.3.1. Folding Boxboard
6.3.2. Solid Bleached Sulfate
6.3.3. White Line Chipboard
6.3.4. Coated Unbleached Kraft Board
6.3.5. Others
6.4. Y-o-Y Growth Trend Analysis By Grade, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Grade, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2019 to 2023
7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2024 to 2034
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. South Asia and Pacific
7.3.6. East Asia
7.3.7. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Type
8.2.3. By Grade
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Type
8.3.3. By Grade
8.4. Key Takeaways
9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Type
9.2.3. By Grade
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Type
9.3.3. By Grade
9.4. Key Takeaways
10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. UK
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Western Europe
10.2.2. By Type
10.2.3. By Grade
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Type
10.3.3. By Grade
10.4. Key Takeaways
11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Poland
11.2.1.2. Russia
11.2.1.3. Czech Republic
11.2.1.4. Romania
11.2.1.5. Rest of Eastern Europe
11.2.2. By Type
11.2.3. By Grade
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Type
11.3.3. By Grade
11.4. Key Takeaways
12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Bangladesh
12.2.1.3. Australia
12.2.1.4. New Zealand
12.2.1.5. Rest of South Asia and Pacific
12.2.2. By Type
12.2.3. By Grade
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Type
12.3.3. By Grade
12.4. Key Takeaways
13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Type
13.2.3. By Grade
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Type
13.3.3. By Grade
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Type
14.2.3. By Grade
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Type
14.3.3. By Grade
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2023
15.1.2.1. By Type
15.1.2.2. By Grade
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2023
15.2.2.1. By Type
15.2.2.2. By Grade
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2023
15.3.2.1. By Type
15.3.2.2. By Grade
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2023
15.4.2.1. By Type
15.4.2.2. By Grade
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2023
15.5.2.1. By Type
15.5.2.2. By Grade
15.6. UK
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2023
15.6.2.1. By Type
15.6.2.2. By Grade
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2023
15.7.2.1. By Type
15.7.2.2. By Grade
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2023
15.8.2.1. By Type
15.8.2.2. By Grade
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2023
15.9.2.1. By Type
15.9.2.2. By Grade
15.10. Poland
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2023
15.10.2.1. By Type
15.10.2.2. By Grade
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2023
15.11.2.1. By Type
15.11.2.2. By Grade
15.12. Czech Republic
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2023
15.12.2.1. By Type
15.12.2.2. By Grade
15.13. Romania
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2023
15.13.2.1. By Type
15.13.2.2. By Grade
15.14. India
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2023
15.14.2.1. By Type
15.14.2.2. By Grade
15.15. Bangladesh
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2023
15.15.2.1. By Type
15.15.2.2. By Grade
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2023
15.16.2.1. By Type
15.16.2.2. By Grade
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2023
15.17.2.1. By Type
15.17.2.2. By Grade
15.18. China
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2023
15.18.2.1. By Type
15.18.2.2. By Grade
15.19. Japan
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2023
15.19.2.1. By Type
15.19.2.2. By Grade
15.20. South Korea
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2023
15.20.2.1. By Type
15.20.2.2. By Grade
15.21. GCC Countries
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2023
15.21.2.1. By Type
15.21.2.2. By Grade
15.22. South Africa
15.22.1. Pricing Analysis
15.22.2. Market Share Analysis, 2023
15.22.2.1. By Type
15.22.2.2. By Grade
15.23. Israel
15.23.1. Pricing Analysis
15.23.2. Market Share Analysis, 2023
15.23.2.1. By Type
15.23.2.2. By Grade
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Type
16.3.3. By Grade
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Amcor Ltd.
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. ITC Ltd.
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. Cascades Inc.
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. RockTenn Company
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. Clearwater Paper Corporation
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. Packaging Corporation of America
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. DS Smith Plc.
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. Mondi Group
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. Metsa Group
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
17.1.10. Nippon Paper Industries Co., Ltd
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.10.5.2. Product Strategy
17.1.10.5.3. Channel Strategy
17.1.11. Georgia-Pacific LLC
17.1.11.1. Overview
17.1.11.2. Product Portfolio
17.1.11.3. Profitability by Market Segments
17.1.11.4. Sales Footprint
17.1.11.5. Strategy Overview
17.1.11.5.1. Marketing Strategy
17.1.11.5.2. Product Strategy
17.1.11.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodolog
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