Paper Packaging Market Is Stipulated To Witness A Decent CAGR Of 4.1% Between 2022 And 2028

The global paper packaging market is estimated to expand at a CAGR of 4.1% during the forecast period, owing to numerous factors, about which FMI offers thorough insights and forecasts in this report.The report includes a market research study on the global paper packaging market, which includes market assessment and trend analysis of different packaging types such as corrugated boxes, cartons, wrapping paper, inserts & dividers, bottle & cup carriers, cups & trays, clamshells, display packaging, bags & sacks, and tapes & labels.

Paper Packaging Demand Analysis (2015 To 2021) Vs Market Outlook (2022 To 2028)

Floating paper bottles is the ongoing trend. Along these lines, a division of L'Oréal USA Seed Phytonutrients has its recyclable, compostable, paper-based pump bottle specially designed to be used in showers since the year 2018. L'Oréal USA has partnered with Ecologic Brands to design this bottle.

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The external shell of the paper bottle is that of being 100% paper-based and recyclable and compostable. The shell is made using corrugated board recycled from L’Oréal USA. The labels on this bottle are also compostable and can be recycled with the bottle directly.

As such, it could be concluded that paper packaging, which was a mere subset of packaging a few years back, has turned out to be the parent set with various permutations and combinations regarding paper being conducted.

Expanding Ecommerce Sector to Further Drive Paper Packaging Market 

Future Market Insights suggests that the growing consumption of packaged food and consumer goods will boost the demand for paper packaging in the coming years. Suitability of corrugated boxes, cartons, and paper bags to pack a large variety of products from different end-use industries such as electrical & electronics, food & beverages, healthcare, homecare, building & construction, and tobacco, will create enormous growth opportunities in the global paper packaging market. 

Considering the high-growth opportunities arising from the e-commerce industry and a large number of packaging applications of paper packaging formats, most of the manufacturers of paper packaging solutions in the developed, as well as in developing economies, are planning to expand their production capacities. 

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Region-Wise Insights

The East Asia’s paper packaging market includes a country-level analysis for China, Japan, South Korea, and Rest of the East Asia. The East Asia’s paper packaging market represents the highest share in terms of value. The East Asia’s paper packaging market is expected to expand at a CAGR of 4.2% over the forecast period.

North America and Europe are going steady, as they are giving a second thought to opt for 100% paper to save on deforestation. Africa could still boast of dense forests. The paper packaging thing hasn’t reached it completely as yet.

Competitive Landscape

The top 5 players in paper packaging market hold more than 25% of the market. Though paper bottles are being churned out as the latest trend, the manufacturers would also try to come up with better versions of corrugated boxes going forward.

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Key Segments Covered In Paper Packaging Industry Research

Paper Packaging Market by Material Type:

• Corrugated Board
• Specialty Paper
• Box-board/Carton Board
• Kraft Papers
• Molded Pulp

Paper Packaging Market by Packaging Type:

• Corrugated Boxes
• Cartons
• Wrapping Paper
• Bags & Sacks
• Cups & Trays
• Tapes & Labels
• Others

Paper Packaging Market by Level of Packaging:

• Primary
• Secondary
• Tertiary

Paper Packaging Market by End-use:

• Food & Beverages
• Tobacco
• Healthcare
• Personal Care & Cosmetics
• Homecare & Toiletries
• Electrical & Electronics
• E-Commerce
• Chemicals & Fertilizers
• Other Industrial

Explore FMI’s Extensive ongoing Coverage on Packaging

Next Generation Packaging Market The global next generation packaging market would witness a leap of growth at a CAGR of 6.1% between 2022 and 2032, reaching US$ 49.3 Bn between2022 and 2032.

Elastic Laminates Market  The global elastic laminates market is slated to grow on a remarkable note between 2022 and 2028 at a CAGR of 5.4%, reaching US$ 8.4 Bn by the year 2028.

Synthetic Paper Market  The global synthetic paper market is expected to go the linear transition way, i.e. reach US$ 1,287.3 Mn by the year 2030 at a CAGR of 3.7% between 2022 and 2030.

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