Paper and Paperboard Packaging Market Size Worth $337.41 Billion By 2032 | CAGR: 4.9%

The global paper and paperboard packaging market size is expected to reach USD 337.41 billion by 2032, according to a new study by Polaris Market Research. The report “Paper and Paperboard Packaging Market Share, Size, Trends, Industry Analysis Report By Grade, Type, Application (Food, Beverage, Healthcare, Personal & Homecare, and Others), and Region; Market Forecast, 2024–2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The paper & paperboard packaging market growth is mainly attributed to the growing efforts and measures taken by organizations and governments to control waste generation and magnify the circular economy. The drastic shift in climate patterns, driven by a significant uptick in greenhouse gas emissions from global industrialization and urbanization activities, is propelling the requirement for sustainable packaging solutions. Additionally, the ongoing change in consumer interest in sustainable products is anticipated to drive companies to opt for paper and paperboard packaging, which is expected to boost market growth during the forecast period.

Furthermore, the food, beverages, healthcare, personal care, and homecare industries are majorly opting for paper packaging solutions to offer safe services to the end users. The increasing emphasis on reducing plastic utility in the marketplace would offer new opportunities for the paper and paperboard packaging market in the coming years. In May 2024, Liberty Coca-Cola Beverages introduced a new recyclable paperboard carrier featuring multipack drinks at the distribution meet in the Juniata Park facility.

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Technological advancements in packaging materials and printing technology have significantly improved the quality and versatility of paper-based packaging. Innovations such as improved coatings, barrier properties, and digital printing techniques allow for more durable, moisture-resistant, and visually appealing packaging solutions. These improvements not only boost the functionality of paperboard packaging for various applications but also help meet the growing demand for sustainable and high-performance packaging options.

Paper and Paperboard Packaging Market Report Highlights

• Based on grade, the white lined chipboard (WLC) segment dominated the market in 2023, primarily due to its use of recycled fibers or waste paper in production.
• By application, the beverage segment accounted for the largest market share in 2023, owing to the increasing consumption of healthy beverages through e-commerce channels.
• In 2023, North America dominated the paper and paperboard packaging market, owing to rising awareness about the potential disadvantages of plastic packaging and the higher demand for packaged foods.
• Asia Pacific is projected to register the highest growth rate during 2024–2032, attributable to the rising consumer preferences toward sustainable products.
• Amcor; Cascades; Clearwater Paper Corporation; Colbert Packaging; DS Smith; Georgia-Pacific; ITC; Metsa Group; and Mondi Group are among the key market players.

Polaris Market Research has segmented the paper and paperboard packaging market report on the basis of grade, type, application, and region:

By Grade Outlook (Revenue – USD Billion, 2019–2032)

• 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 (Revenue – USD Billion, 2019–2032)

• Corrugated Box
• Boxboard
• Flexible Paper

By Application Outlook (Revenue – USD Billion, 2019–2032)

• Food
• Beverage
• Healthcare
• Personal & Homecare
• Others

By Regional Outlook (Revenue – USD Billion, 2019 – 2032)

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Paper and Paperboard Packaging Market Report Scope