The Paper & Paperboard Packaging Market, valued at USD 219.66 Billion in 2023, is anticipated to achieve a valuation of USD 319.62 Billion by 2031 and grow at a CAGR of 4.8 % over the forecast period of 2024-2031.
Paper & Paperboard packaging material is made of pulp, pulp is obtained from wood as well as non-wood sources. Wood pulp is a widely used raw material for packaging as it is obtained from wood and also generated from the recycling of paper. This material is widely used because it is cost-efficient and easily obtained hence largely preferred by industries. The use of paper board is widely used in packaging in the food industry and pharmaceuticals. Paper boards can also be recycled resulting in less deforestation.
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It is lightweight and it is covered with plastic and other polymers to maintain hygiene. It is a good substitute for plastic packaging. Nearly about 40 percent of the raw material required for paperboard packaging is generated from the recycling of paper. This is a positive impact on rising concerns about deforestation.
Various countries have also banned single-use of plastic as they were causing pollution to the environment, so there has been a shift towards paperboard type of packaging due to its sustainability. Paper and paper board packaging is in large demand in the e-commerce industry. The food industry is seeing rising growth over the years, this will have a positive impact on the paper and paper board packaging market.
KEY DRIVERS:
growing demand for Biodegradability & Green Packaging
Raw materials used in the production of packaging can be recycled, this helps to prevent raw disposal of waste material generated. There is less need for waste management as waste material is less generated. It is also helping the environment by generating less pollution. An increase in consumer awareness about eco-friendliness is also increasing demand for this market.
Cost Efficient & Customizable
Growth of the e-commerce packaging Industry
Easy to handle and durable
RESTRAIN:
Decline in Raw Material Production
During a decade there has been less demand for wood due to less availability of resources. The day-by-day depletion of forests is forcing the industry to shift to alternative solutions to raw materials.
Competition from other packaging industry
OPPORTUNITY:
Growing market in emerging economies
Emerging economies such as India and China are giving fresh markets to this packaging industry. Since there is a huge customer base in these countries it will also lead to a rise in this market.
Research and development activities in this industry are pushing the growth of the packaging market.
Government rules and regulations in emerging economies are giving a boost to the growth of the paper bag market.
Technological advancements
CHALLENGES:
Declining sources of Raw Materials
Raw materials are declining which is affecting the overall production of packaging materials. To overcome this challenge there is a need, to find alternate sources of raw materials.
High consumption of energy
The Russia-Ukraine war has created an impact on commodities, the economy, and also on the environment. Disruption of the global supply chain market is also the impact of Russia Ukraine war. The transportation of goods which was earlier done in huge amounts was reduced and this led to an increase in the prices of raw materials. The Indian Paper industry imports its raw materials majorly from Russia, but due to war, there was a delay in the import of raw materials. The war led to an increase of around 40 percent rise in the prices of raw materials. Before the war started the price of paper was 70000 Rupees per ton, this price after the war was increased to around 100000 Rupees per ton.
The price of waste paper talking about India has reached its lowest in five months, due to overcapacity of production and global damage caused by the recession. There is no hope for the increase of the market which is declining day by day in the recession period.
Small vendors have stopped the collection of waste paper due to decreased price of waste paper. Despite the fall in demand in the recessionary period, the demand is likely to go up in upcoming years as India is slowly becoming a global publishing and printing industry.
Covid 19 has impacted on Price, Demand, and Supply Chain of the paper and paperboard packaging market. Heavy competition was seen amongst small and big companies on pricing, because OF COVID-19. Demand for raw materials also fell resulting in the downfall of the overall market. The rise in the price of raw materials, also the low stock available with the wholesalers for the production has affected many small- and large-scale industries, which affected the overall paper and paperboard packaging market. The food industry and e-commerce industries have more demand for paper packaging boxes. Also, the restaurants and offices were shut down during Covid-19 due to which the need for canteens and food products was minimized which affected the paper and paperboard packaging market.
The entire supply chain was stopped due to the spread of coronavirus. This led to late production, and low production due to less demand in the market. There was also a shortage of labor due to the manufacturing capacity decreased. The supply chain disruption also increased the cost of production. Due to the late availability of raw materials.
By Raw Material:
Wood Pulp
Recycled Waste Paper
By Product type:
Folding Boxboard
Solid Bleached Sulfate
Label Paper
White Lined Chipboard
Glassline & Grease Paper
Others
By Application:
Durable Goods
Food & Beverages
Medical
Non-Durable Goods
Others
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Based on our forecast period, the Asia Pacific region will grow with a high CAGR. This is because of the high population, increasing literacy rate, and increase in market size for the paper and paperboard packaging market.
Europe is the second largest in the growth of the paper and paper board packaging market due to stringent government regulation of ban on single-use plastic.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin American
According to the news in May 2023, JMC Paper Tech Private Limited has started construction of their recycled fiber-based Kraft paper mill with a capacity of 150 TPD In the North American Region and is likely to start its production in mid-2024.
Mesta Board has planned a paperboard mill at Kaskinen, Finland. The investment decision is estimated to be made in 2024.
Liansheng Pulp & Paper Company Limited, has successfully started two ANDRITZ tissue machines at its China mill.
The major key players in the paper and packaging market are, Smurfit Kappa Group plc, DS Smith plc, Packaging Corporation of America, International Paper Company, Nippon Paper Industries Company Ltd, ITC Ltd, Sappi Limited, Metsa Group, Stora Enso Oyj, Svenska Cellulosa Aktiebolget, and other players
| Report Attributes | Details |
| Market Size in 2023 | US$ 219.66 Bn |
| Market Size by 2031 | US$ 319.62 Bn |
| CAGR | CAGR of 4.8% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Raw Material (Wood Pulp, Recycled Waste Paper) • By Product Type (Folding Boxboard, Solid Bleached Sulfate, Label Paper, White Lined Chipboard, Glassline & Grease Paper, Others) • By Application (Durable Goods, Food & Beverages, Medical, Non -Durable Goods, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Smurfit Kappa Group plc, DS Smith plc, Packaging Corporation of America, International Paper Company, Nippon Paper Industries Company Ltd, ITC Ltd, Sappi Limited, Metsa Group, Stora Enso Oyj, Svenska Cellulosa Aktiebolget |
| Key Drivers | • Biodegradability & Sustainability of Paper and Paper Board |
| Market Opportunities | • Growing market in emerging economies |
Ans: Paper & Paperboard Packaging Market is expected to grow at a CAGR of 4.8 % over the forecast period of 2023-2030.
Ans: The paper & Paperboard Packaging Market is expected to Reach USD 319.62 billion by 2031.
Ans: Some of the major key players in the paper and packaging market are, Svenska Cellulosa Aktiebolget, DS Smith plc, Packaging Corporation of America, International Paper Company, Nippon Paper Industries Company Ltd, ITC Ltd, Smurfit Kappa Group plc, Sappi Limited, Metsa Group, Stora Enso Oyj,
Ans: Biodegradability & Sustainability of Paper and Paper Board is the major key driver for the growth of the market.
Ans: Declining sources of Raw Materials and High consumption of energy and two of the major challenges in this industry.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.3 Impact of Covid-19
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Paper & Paperboard Packaging Market Segmentation, By Raw Material
8.1 Wood Pulp
8.2 Recycled Waste Paper
9. Paper & Paperboard Packaging Market Segmentation, By Product Type
9.1 Folding Boxboard
9.2 Solid Bleached Sulfate
9.3 Label Paper
9.4 White-Lined Chipboard
10. Paper & Paperboard Packaging Market Segmentation, By Application
10.1 Durable Goods
10.2 Food & Beverages
10.3 Medical
10.4 Non-Durable Goods
10.5 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Paper & Paperboard Packaging Market by Country
11.2.2North America Paper & Paperboard Packaging Market By Raw Material
11.2.3 North America Paper & Paperboard Packaging Market By Product Type
11.2.4 North America Paper & Paperboard Packaging Market by Application
11.2.6 USA
11.2.6.1 USA Paper & Paperboard Packaging Market By Raw Material
11.2.6.2 USA Paper & Paperboard Packaging Market By Product Type
11.2.6.3 USA Paper & Paperboard Packaging Market by Application
11.2.7 Canada
11.2.7.1 Canada Paper & Paperboard Packaging Market By Raw Material
11.2.7.2 Canada Paper & Paperboard Packaging Market By Product Type
11.2.7.3 Canada Paper & Paperboard Packaging Market by Application
11.2.8 Mexico
11.2.8.1 Mexico Paper & Paperboard Packaging Market By Raw Material
11.2.8.2 Mexico Paper & Paperboard Packaging Market By Product Type
11.2.8.3 Mexico Paper & Paperboard Packaging Market by Application
11.3 Europe
11.3.1 Europe Paper & Paperboard Packaging Market by Country
11.3.2 Europe Paper & Paperboard Packaging Market By Raw Material
11.3.3 Europe Paper & Paperboard Packaging Market By Product Type
11.3.4 Europe Paper & Paperboard Packaging Market by Application
11.3.6 Germany
11.3.6.1 Germany Paper & Paperboard Packaging Market By Raw Material
11.3.6.2 Germany Paper & Paperboard Packaging Market By Product Type
11.3.6.3 Germany Paper & Paperboard Packaging Market by Application
11.3.7 UK
11.3.7.1 UK Paper & Paperboard Packaging Market By Raw Material
11.3.7.2 UK Paper & Paperboard Packaging Market By Product Type
11.3.7.3 UK Paper & Paperboard Packaging Market by Application
11.3.8 France
11.3.8.1 France Paper & Paperboard Packaging Market By Raw Material
11.3.8.2 France Paper & Paperboard Packaging Market By Product Type
11.3.8.3 France Paper & Paperboard Packaging Market by Application
11.3.9 Italy
11.3.9.1 Italy Paper & Paperboard Packaging Market By Raw Material
11.3.9.2 Italy Paper & Paperboard Packaging Market By Product Type
11.3.9.3 Italy Paper & Paperboard Packaging Market by Application
11.3.10 Spain
11.3.10.1 Spain Paper & Paperboard Packaging Market By Raw Material
11.3.10.2 Spain Paper & Paperboard Packaging Market By Product Type
11.3.10.3 Spain Paper & Paperboard Packaging Market by Application
11.3.11 The Netherlands
11.3.11.1 Netherlands Paper & Paperboard Packaging Market By Raw Material
11.3.11.2 Netherlands Paper & Paperboard Packaging Market By Product Type
11.3.11.3 Netherlands Paper & Paperboard Packaging Market by Application
11.3.11 Rest of Europe
11.3.11.1 Rest of Europe Paper & Paperboard Packaging Market By Raw Material
11.3.11.2 Rest of Europe Paper & Paperboard Packaging Market By Product Type
11.3.11.3 Rest of Europe Paper & Paperboard Packaging Market by Application
11.4 Asia-Pacific
11.4.1 Asia Pacific Paper & Paperboard Packaging Market by Country
11.4.2 Asia Pacific Paper & Paperboard Packaging Market By Raw Material
11.4.3 Asia Pacific Paper & Paperboard Packaging Market By Product Type
11.4.4Asia Pacific Paper & Paperboard Packaging Market by Application
11.4.6 Japan
11.4.6.1 Japan Paper & Paperboard Packaging Market By Raw Material
11.4.6.2 Japan Paper & Paperboard Packaging Market By Product Type
11.4.6.3 Japan Paper & Paperboard Packaging Market by Application
11.4.7 South Korea
11.4.7.1 South Korea Paper & Paperboard Packaging Market By Raw Material
11.4.7.2 South Korea Paper & Paperboard Packaging Market By Product Type
11.4.7.3 South Korea Paper & Paperboard Packaging Market by Application
11.4.8 China
11.4.8.1 China Paper & Paperboard Packaging Market By Raw Material
11.4.8.2 China Paper & Paperboard Packaging Market By Product Type
11.4.8.3 China Paper & Paperboard Packaging Market by Application
11.4.9 India
11.4.9.1 India Paper & Paperboard Packaging Market By Raw Material
11.4.9.2 India Paper & Paperboard Packaging Market By Product Type
11.4.9.3 India Paper & Paperboard Packaging Market by Application
11.4.10 Australia
11.4.10.1 Australia Paper & Paperboard Packaging Market By Raw Material
11.4.10.2 Australia Paper & Paperboard Packaging Market By Product Type
11.4.10.3 Australia Paper & Paperboard Packaging Market by Application
11.4.11 Rest of Asia-Pacific
11.4.11.1 APAC Paper & Paperboard Packaging Market By Raw Material
11.4.11.2 APAC Paper & Paperboard Packaging Market By Product Type
11.4.11.3 APAC Paper & Paperboard Packaging Market by Application
11.5 The Middle East & Africa
11.5.1 The Middle East & Africa Paper & Paperboard Packaging Market by Country
11.5.2 The Middle East & Africa Paper & Paperboard Packaging Market By Raw Material
11.5.3 The Middle East & Africa Paper & Paperboard Packaging Market By Product Type
11.5.4 The Middle East & Africa Paper & Paperboard Packaging Market by Application
11.5.6 Israel
11.5.6.1 Israel Paper & Paperboard Packaging Market By Raw Material
11.5.6.2 Israel Paper & Paperboard Packaging Market By Product Type
11.5.6.3 Israel Paper & Paperboard Packaging Market by Application
11.5.7 UAE
11.5.7.1 UAE Paper & Paperboard Packaging Market By Raw Material
11.5.7.2 UAE Paper & Paperboard Packaging Market By Product Type
11.5.7.3 UAE Paper & Paperboard Packaging Market by Application
11.5.8 South Africa
11.5.8.1 South Africa Paper & Paperboard Packaging Market By Raw Material
11.5.8.2 South Africa Paper & Paperboard Packaging Market By Product Type
11.5.8.3 South Africa Paper & Paperboard Packaging Market by Application
11.5.9 Rest of Middle East & Africa
11.5.9.1 Rest of Middle East & Asia Paper & Paperboard Packaging Market By Raw Material
11.5.9.2 Rest of Middle East & Asia Paper & Paperboard Packaging Market By Product Type
11.5.9.3 Rest of Middle East & Asia Paper & Paperboard Packaging Market by Application
11.6 Latin America
11.6.1 Latin America Paper & Paperboard Packaging Market by Country
11.6.2 Latin America Paper & Paperboard Packaging Market By Raw Material
11.6.3 Latin America Paper & Paperboard Packaging Market By Product Type
11.6.4 Latin America Paper & Paperboard Packaging Market by Application
11.6.6 Brazil
11.6.6.1 Brazil Paper & Paperboard Packaging Market By Raw Material
11.6.6.2 Brazil Africa Paper & Paperboard Packaging Market By Product Type
11.6.6.3 Brazil Paper & Paperboard Packaging Market by Application
11.6.7 Argentina
11.6.7.1 Argentina Paper & Paperboard Packaging Market By Raw Material
11.6.7.2 Argentina Paper & Paperboard Packaging Market By Product Type
11.6.7.3 Argentina Paper & Paperboard Packaging Market by Application
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Paper & Paperboard Packaging Market By Raw Material
11.6.8.2 Rest of Latin America Paper & Paperboard Packaging Market By Product Type
11.6.8.3 Rest of Latin America Paper & Paperboard Packaging Market by Application
12 Company Profile
12.1 Smurfit Kappa Group plc
12.1.1 Market Overview
12.1.2 Financials
12.1.3 Products/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 DS Smith plc
12.2.1 Market Overview
12.2.2 Financials
12.2.3 Products/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Packaging Corporation of America
12.3.1 Market Overview
12.3.2 Financials
12.3.3 Products/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 International Paper Company
12.4.1 Market Overview
12.4.2 Financials
12.4.3 Products/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Nippon Paper Industries Company Ltd
12.5.1 Market Overview
12.5.2 Financials
12.5.3 Products/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 ITC Ltd
12.6.1 Market Overview
12.6.2 Financials
12.6.3 Products/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Sappi Limited
12.7.1 Market Overview
12.7.2 Financials
12.7.3 Products/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Metsa Group
12.8.1 Market Overview
12.8.2 Financials
12.8.3 Products/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Stora Enso Oyj
12.9.1 Market Overview
12.9.2 Financials
12.9.3 Product/Services /Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Svenska Cellulosa Aktiebolget
1210.1 Market Overview
12.10.2 Financials
12.10.3 Product/Services /Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. USE Cases and Best Practices
15. Conclusion
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