by on January 15, 2024
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The  Paper & Paperboard Packaging market trends  industry was valued at USD 139.3 billion in 2022. It is projected to reach USD 202.69 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.8% during the forecast period from 2023 to 2030.

 

This industry has witnessed significant growth and is expected to continue its upward trajectory in the coming years. The rising demand for sustainable and eco-friendly packaging solutions has been a key driver for the market. Paper and paperboard packaging materials are widely preferred due to their recyclability and biodegradability, making them an environmentally responsible choice.

 

Furthermore, the increasing e-commerce activities and the surge in online shopping have propelled the demand for paper and paperboard packaging. These materials offer excellent protection to products during transportation and are cost-effective, making them a preferred choice for packaging in the e-commerce sector.

 

Moreover, the growing awareness among consumers regarding the harmful effects of plastic packaging has led to a shift towards paper and paperboard alternatives. This trend has further boosted the market growth.

 

Geographically, the Asia Pacific region dominates the Paper & Paperboard Packaging market, accounting for a significant share. The region's rapid industrialization, coupled with the increasing population and disposable income, has fueled the demand for packaged goods, thereby driving the market growth.

 

In conclusion, the Paper & Paperboard Packaging industry is poised for substantial growth in the coming years. The market's expansion can be attributed to the rising demand for sustainable packaging solutions, the surge in e-commerce activities, and the shift towards eco-friendly alternatives. With the Asia Pacific region leading the market, the future looks promising for this industry.

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KEY MARKET SEGMENTATION

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

Some Major Key Players

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

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Read Our Related Report :

Construction Tapes Market

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