Global Paper and Paperboard Packaging Market Worldwide Industry Analysis, Future Demand and Forecast till 2028

The paper and paperboard packaging market is anticipated to grow at a CAGR of 4.9% during the forecast period (2022-2028). The packaging sector is quickly expanding, due to the growing requirement for paper and paperboard packaging in the food and beverage, healthcare, hygiene, and other end-users. Due to the rising disposable income levels, increased consumer awareness, and demand for processed foods is expected to propel the market growth during the forecast period. The need for folding cartons and corrugated boxes in the e-commerce packaging industry drives the groeth of the market. Furthermore, several government measures to limit plastic waste and rising concerns for safe environment are impacting the market’s growth over the forecast period.

The global paper and paperboard packaging market is segmented based on the product type and end-user. Based on the product type, the market is sub-segmented into folding cartons, corrugated boxes and box board. Based on the end-user, the market is sub-segmented into food, beverage, healthcare, personal care & household care, and hardware & electrical products. Among these segments, the corrugated boxes segment is expected to propel the growth of the market due to the increasing usage and demand for corrugated boxes for packaging globally. The end-users are using corrugated boxes as it can be recycled, renewed, reusable, and provides efficient safety to the products, which is expected to propel the market growth during the forecast period.

The major market players in the global paper and paperboard packaging market are Trident Paper Box Industries, TGI Packaging Pvt. Ltd., Kapco Packaging, OJI India Packaging Pvt. Ltd., Chaitanya Packaging Pvt. Ltd., Packman Packaging, TCPL Packaging Ltd., Parksons Packaging Ltd., Horizon Packs Pvt Ltd., P.R. Packagings Ltd., among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in February 2022, Amcor, a global leader in developing and producing responsible packaging solutions, launched a new platform for paper-based packaging products: AmFiber. The AmFiber innovations aim to redefine the capabilities of traditional paper packaging, providing a wider range of features and functional benefits to meet the changing needs of consumers.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Trident Paper Box Industries, TGI Packaging Pvt. Ltd., Kapco Packaging, OJI India Packaging Pvt. Ltd., Chaitanya Packaging Pvt. Ltd., Packman Packaging, TCPL Packaging Ltd., Parksons Packaging Ltd., Horizon Packs Pvt Ltd., P.R. Packagings Ltd., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Paper and Paperboard Packaging Market Report by Segment

By Product Type

• Flexible Cartons
• Corrugated Boxes
• Boxboard

By End-User

• Food
• Beverage
• Healthcare
• Personal Care & Household Care
• Hardware & Electrical Products