Paper Packaging Materials Market Size, Share, Growth Report 2030

The global Paper Packaging Materials market, which amassed revenue worth nearly 294.56 (USD Billion) in 2019, will register a CAGR of nearly 5.2% during the period from 2020 to 2026. The report offers assessment and analysis of the Paper Packaging Materials market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

Introduction

Paper packaging materials are light in weight and cost-effective and shields products from fluctuating climatic conditions. Furthermore, containerboard, paper bags, shipping sacks, and paperboard are few kinds of paper packaging. In addition to this, paper material utilized in flexible packaging like corrugated bags, aluminum foils, and pouches are parchment paper, Kraft paper, and greaseproof paper. With growing benefits offered by paper packaging including distribution efficiencies and easy raw material available, the paper packaging materials business is anticipated to gain traction over the forecast timeframe.

Market Growth Drivers

Growing demand for eco-friendly packaging material and ban on usage of plastic bags will proliferate the expansion of paper packaging materials industry over the forthcoming years. In addition to this, escalating requirement of cost-effective packaging materials is anticipated to embellish the expansion of the paper packaging materials market over the forecast timeline. In addition to this, strict execution of laws by government for curbing environmental degradation along with need for encouraging paper-based material use in packaging will shape the business growth over the forthcoming years.

Furthermore, innovation in paper recycling techniques along with huge funding of research activities for manufacturing paper packaging materials of high quality will provide new growth opportunities for the market over the years to come. In addition to this, paper packaging offers primary and secondary packaging for secured product transport, thereby further prompting the paper packaging material demand in the coming years.

Apart from this, the growing attention towards green movement has resulted in raised concerns pertaining to spoiling of environment due to non-biodegradable plastic packaging materials. This is likely to enlarge the utility scope of paper packaging material within a span of next few years. Additionally, firms are responding to ecological concerns through use of recyclable packaging and this is likely to enhance the popularity of the paper packaging in the near future.

Report Scope:

Asia Pacific To Lucratively Contribute Towards Overall Industry Share By 2026

The expansion of the market in the region over the forecast timeline is owing to growing knowhow about probiotics use along with huge utilization of paper packaging in countries like Japan and China in the recent years.

Key players profiled in the report and lucratively influencing the market growth include Graphic Packaging, Crown Holdings, Berry Plastics, Amcor, Ball Corporation, Sealed Air, Bemis, Owens-Illinois, Reynolds Group, International Paper, Mondi, Stora Enso, COVERIS, WestRock, and DS Smith.

The global paper packaging materials market is segmented as follows:

Based on the material:

• Corrugated Cases
• Liquid Packaging Cartons
• Carton & Folding Boxes
• Others (Bags)

Based on the application:

• Fresh Foods
• Beverages
• Frozen Food
• Fast Food
• Pet Food
• Others (Cosmetics & Pharmaceuticals)

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa