The "Paper Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global paper packaging market size reached US$ 416.5 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 503.1 Billion by 2028, exhibiting a CAGR of 3.2% during 2022-2028.
Paper packaging refers to various rigid and flexible packaging materials, including corrugated boxes, liquid paperboard cartons, paper bags & sacks, folding boxes & cases, inserts & dividers, etc. They are manufactured by bleaching fibrous compounds obtained from wood and recycled wastepaper pulp.
Paper packaging materials are usually highly versatile, customizable, lightweight, durable and recyclable. They are available in a wide variety of colors, shapes and sizes to meet the individual requirement of the customers. Owing to this, they find extensive applications across retail, food and beverage, cosmetic and healthcare industries.
The growing retail and e-commerce industries, along with the growing demand for environment-friendly packaging products, currently represent as the key factors driving the growth of the market. With the rapid increase in the number of online shopping platforms, the requirement for secondary and tertiary paper packaging products has escalated significantly.
Furthermore, increasing consciousness among consumers regarding sustainable packaging and the implementation of favourable government policies are providing a boost to the market growth. Governments of various developed and emerging nations are promoting the usage of paper-based products as an alternative to plastic for minimizing pollution and toxin levels in the environment.
Additionally, the rapidly growing food and beverages industry across the globe is acting as another growth-inducing factor. Food manufacturing organizations are adopting food-grade paper packaging products to retain the nutrient content and maintain the quality of the food contents. Other factors, including various product innovations to enhance the efficiency of the product and to produce visually appealing variants are projected to drive the paper packaging market growth in the upcoming years.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global paper packaging market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, grade, packaging level and end use industry.
Breakup by Product Type:
Breakup by Grade:
Breakup by Packaging Level:
Breakup by End-Use Industry:
Key Questions Answered in This Report:
For more information about this report visit https://www.researchandmarkets.com/r/fjblyw
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