The paper and paperboard packaging market is augmenting. The market is approximated to reach USD 337.41 billion by 2032. It was valued at USD 219.21 billion in 2023. It exhibited a CAGR of 4.9% from 2024 to 2032.
๐๐ก๐๐ญ ๐ข๐ฌ ๐๐๐ฉ๐๐ซ ๐๐ง๐ ๐๐๐ฉ๐๐ซ๐๐จ๐๐ซ๐ ๐๐๐๐ค๐๐ ๐ข๐ง๐ ?
Paper and paperboard packaging is utilized over a broad temperature scope from frozen food repositories to elevated temperatures of boiling water and warming in microwave and traditional gleaming heat ovens.
While it is favored for instant proximity with several food commodities, packaging rendered purely from paper and paperboard is penetrable for water, water vapor, aqueous solutions and emulsions, organic solvents, and fatty substances to eruptive flavors and aromas. The growingly strict directives by governments to enhance refuse reprocessing ventures are inspiring firms to acquire sustainable packaging solutions to restrict succeeding recycling and sustenance prices is impacting the paper and paperboard packaging market favourably.
Who Makes Paper and Paperboard Packaging?
Amcor Ltd., Cascades Inc., Clearwater Paper Corporation, Colbert Packaging, DS Smith Plc., Georgia-Pacific LLC, ITC Ltd., Metsa Group, and Mondi Group are some of the leading players in the paper and paperboard packaging market. Spearheading market contenders are frequently improving their funding in R&D to broaden their product lines thus pushing the augmentation of the market.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐
๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐
๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
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๐๐จ๐ฆ๐ ๐จ๐ ๐ญ๐ก๐ ๐ฅ๐๐ญ๐๐ฌ๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ซ๐:
• In June 2024, Green Bay Packaging earned SMC packaging a donor of packaging substances, grooved boxes, instruments and displays to enhance commodity offering.
• In September 2023, Greif Inc. earned a 51% stake in ColePak LLC, a packaging paperboard manufacturing firm, to augment its brand existence in North America.
๐๐ก๐๐ญ’๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐
๐จ๐ซ๐ฐ๐๐ซ๐?
• Flourishing Food and Beverage Sector: The food and beverage sector is a prominent benefactor to the market size. The growing intake of packaged commodities is significantly pushing the demand for consistent packaging solutions. The estimated market growth in the course of the forecast period will be pushed by the growing acquisition of sustainable commodity packaging and the allegiance of several firms to offer eco-friendly and secure paper and paperboard packaging solutions.
• Growing Funding in R&D Ventures: The growing funding in the R&D ventures to outline elevated-performing packaging solutions is easing the productive application of paper and paperboard packaging for the commodities. The escalating estimates to ignite production potential by the firms are anticipated to be approachability to the end users is have a favorable impact on paper and paperboard packaging market sales.
• Growing Urbanization: Growing urbanization and surging disposable incomes drive the demand for processed and packaged foods. The augmentation of online shopping has also enhanced approachability to consumer goods and food commodities thus propelling the market forward.
Which Region Leads Market Growth?
• North America: North America accounted for the largest paper and paperboard packaging market share. The region's robust growth is primarily due to growing consciousness about the possible drawbacks of plastic packaging and the elevated demand for packaged foods.
• Asia Pacific: Asia Pacific is anticipated to witness significant growth from 2024 to 2032. This can be attributed to the existence of extensively populated countries pushing the demand for essential commodities and the growing requirements for sustainable intake.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐:
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๐๐จ๐ฐ ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐จ๐ง๐?
By Grade Outlook
• Solid Bleached Sulfate (SBS)
• Coated Unbleached Kraft Paperboard (CUK)
• Folding Boxboard (FBB)
• White Lined Chipboard (WLC)
• Glassine & Greaseproof Paper
• Label Paper
• Others
By Type Outlook
• Corrugated Box
• Boxboard
• Flexible Paper
By Application Outlook
• Food
• Beverage
• Healthcare
• Personal & Homecare
• Others
By Regional Outlook
• North America
o US
o Canada
• Europe
o Germany
o France
o UK
o Italy
o Spain
o Netherlands
o Russia
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Malaysia
o South Korea
o Indonesia
o Australia
o Vietnam
o Rest of Asia-Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Israel
o South Africa
o Rest of the Middle East & Africa
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ฆ๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐ฉ๐ฎ๐ซ๐๐ก๐๐ฌ๐:
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๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐๐'๐ฌ ๐๐๐ฉ๐๐ซ ๐๐ง๐ ๐๐๐ฉ๐๐ซ๐๐จ๐๐ซ๐ ๐๐๐๐ค๐๐ ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐ ๐๐ซ๐จ๐ฆ ๐๐ข๐๐๐๐ซ๐๐ง๐ญ ๐๐ฎ๐๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ:
The global paper and paperboard packaging industry is expected to reach USD 337.41 billion by 2032, exhibiting a CAGR of 4.9% during 2024–2032.
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๐๐๐ฌ:
How much is the paper and paperboard packaging market?
The market size was valued at USD 219.21 billion in 2023 and is projected to grow to USD 337.41 billion by 2032.
What are the quantitative units of the paper and paperboard packaging market?
The quantitative units portrayed in the report are revenue in USD billion and CAGR from 2024 to 2032.
What does the market report cover?
The market report covers revenue forecast, market competitive landscape, growth factors, and trends.
What is the growth rate of the market?
The global market is projected to register a CAGR of 4.9% during the forecast period.
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐จ๐ซ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
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