NEW
YORK, July 16, 2024 /PRNewswire/ -- The
global paper and paperboard container and packaging market
size is estimated to grow by USD 59.15
billion from 2023-2027, according to Technavio. The market
is estimated to grow at a CAGR of 4.39% during the
forecast period. Emergence of specialized paper and
paperboard containers is driving market growth, with a trend
towards advent of smart packaging. However, chances of
contamination with recycled paperboard poses a challenge. Key
market players include All Packaging Co., Amcor Plc, Cascades Inc.,
DS Smith Plc, International Paper Co., Keystone Folding Box Co.,
Klabin SA, Koch Industries Inc., Kruger Inc., METSA GROUP, Mondi
Plc, Nampak Ltd., Nippon Paper Industries Co. Ltd., Packaging Corp.
Of America, Pactiv Evergreen Inc., Rengo Co. Ltd., Shandong Sun
Holdings Group, Smurfit Kappa Group, Tetra Laval SA, and WestRock
Co..
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Forecast
period
|
2023-2027
|
Base Year
|
2022
|
Historic
Data
|
2017 - 2021
|
Segment
Covered
|
Product (Paper bags and
sacks, Corrugated containers and packaging, Folding boxes and
cases, and Others ), End-user (Food and beverages, Industrial
products, Healthcare, and Others ), and Geography (APAC, Europe,
North America, South America, and Middle East and
Africa)
|
Region
Covered
|
APAC, Europe, North
America, South America, and Middle East and Africa
|
Key companies
profiled
|
All Packaging Co.,
Amcor Plc, Cascades Inc., DS Smith Plc, International Paper Co.,
Keystone Folding Box Co., Klabin SA, Koch Industries Inc., Kruger
Inc., METSA GROUP, Mondi Plc, Nampak Ltd., Nippon Paper Industries
Co. Ltd., Packaging Corp. Of America, Pactiv Evergreen Inc., Rengo
Co. Ltd., Shandong Sun Holdings Group, Smurfit Kappa Group, Tetra
Laval SA, and WestRock Co.
|
Key Market Trends Fueling Growth
The global market for smart paper and paperboard containers and
packaging is experiencing growth due to the increasing demand for
advanced packaging solutions in various industries. Smart
packaging, which includes sensors and other technologies, enhances
product quality and value by directly measuring product conditions
and reporting relevant information to enterprises. This technology
is particularly valuable in sectors like food and beverage and
healthcare, where monitoring freshness and ensuring safety are
crucial. Major players in the market are focusing on innovations
such as smart folding boxes, which can track product information
throughout the delivery process and offer individualized designs
and messages to customers. The use of smart paper and paperboard
containers and packaging is expected to increase, driven by
advancements in microsensors, printed electronics, authentication
platforms, and the Internet of Things (IoT). Despite being in the
early stages of development, the smart packaging market holds
significant potential for growth. For instance, WestRock's CerePak
Smart Adherence Packaging is a notable example, utilizing a
microprocessor and conductive inks to monitor medication usage.
Overall, the adoption of smart packaging will contribute positively
to the expansion of the global paper and paperboard container
packaging market.
The Paper and Paperboard Container and Packaging Market is
witnessing significant trends in various end-user sectors like
Dairy products, Food and Beverage industries, and E-commerce.
Polymers, Glass, Metal, and Paperboard are popular materials used
in this sector. Folded carton packaging is on the rise due to its
cost-effectiveness and high-performance substitutes.
Eco-friendliness is a key trend, with demand for sustainable
practices and minimal carbon footprint. Raw materials like Wood,
Cattle, Soybeans, and Palm oil face environmental hazards, leading
to a shift towards paper-based alternatives. Paper bags are gaining
popularity as eco-friendly options. The Packaging sector is
adapting to circular economy concepts and sustainability.
Nationwide lockdowns have impacted industries like Restaurants,
Hotels, and Cafes, leading to increased demand for on-the-go meals
and packaging. Key players like WestRock Company and Smurfit Kappa
are investing in new packaging facilities, such as Cooler bags made
of Kraft paper and Pulp. The PaperBox facility in Saquarema is a
testament to this trend. E-commerce sales are driving demand for
innovative packaging solutions, particularly in sectors like
Healthcare, Personal care, and Homecare. Industrialization and
consumer spending on processed packed goods continue to fuel market
growth.
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Market Challenges
- The paper and packaging industry relies on recycling wastepaper
for manufacturing secondary packaging, such as folding boxes and
cans. Recycled paperboard, which includes used paperboard with
printing inks and glue, poses a challenge in food packaging
applications. Mineral oils present in orienting inks in recycled
paperboard may migrate into food, raising health concerns. Food
stored in such packaging for over five weeks may increase mineral
oil content. Private-label manufacturers must take preventative
measures to avoid mineral oil contamination. Failure to do so may
negatively impact the growth of the global paper and paperboard
container and packaging market due to consumer health concerns and
potential regulatory restrictions.
- The Paper and Paperboard Container and Packaging Market faces
several challenges in today's business environment. With increasing
consumer awareness towards sustainability, there is a growing
demand for eco-friendly packaging solutions like recycled
paperboards, biodegradable containers, and recyclable and reusable
containers. Natural resources are under pressure, and the industry
must find energy-efficient ways to produce paperboard containers.
Pipe re-lining and chemical industries require specific paperboard
types like White Line Chipboard and Boxboard. The medical
industry demands sterile and hygienic containers for various
applications. Food industries, including frozen foods, alcoholic
and non-alcoholic beverages, dairy goods, quick foods, and soups,
require diverse paper packaging materials. Competition comes from
alternative packaging materials like metals and plastics. Companies
must innovate to meet the demands of various sectors while
maintaining cost-effectiveness. International Paper Company and
other players in the market are investing in advanced technologies
like pulping, bleaching, refining, sheet forming, drying,
calendaring, and winding to produce high-quality paperboard
containers. Non-durable goods and durable goods sectors have
different packaging requirements. Understanding these nuances and
catering to them effectively is crucial for market success.
Overall, the Paper and Paperboard Container and Packaging Market
must navigate these challenges while ensuring product quality,
cost-effectiveness, and sustainability.
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challenges - Download a Sample Report
Segment Overview
This paper and paperboard container and packaging market report
extensively covers market segmentation by
- Product
- 1.1 Paper bags and sacks
- 1.2 Corrugated containers and packaging
- 1.3 Folding boxes and cases
- 1.4 Others
- End-user
- 2.1 Food and beverages
- 2.2 Industrial products
- 2.3 Healthcare
- 2.4 Others
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Paper bags and sacks- The Paper and Paperboard
Container and Packaging Market is experiencing steady growth due to
increasing demand for sustainable packaging solutions. Companies
are shifting towards eco-friendly options, driving market
expansion. Paper and paperboard containers offer advantages such as
lightweight, recyclable, and cost-effective. Key players are
focusing on innovation to meet customer needs, with developments in
barrier properties, design, and functionality. The market is
expected to continue growing, driven by consumer preferences and
regulatory support for sustainable packaging.
For more information on market segmentation with geographical
analysis including forecast (2023-2027) and historic data (2017 -
2021) - Download a Sample Report
Learn and explore more about Technavio's in-depth research
reports
The global paper starch market is witnessing steady growth due
to increasing demand for eco-friendly packaging solutions and the
rising consumption of paper products. In the tissue paper market,
expanding hygiene awareness and a surge in disposable income are
driving significant expansion. The global home and office paper
shredders market is growing rapidly, propelled by heightened
awareness of data security and privacy concerns in both residential
and commercial sectors. Enhanced technological features and
innovative designs in shredders are also contributing to this
market's development.
Research Analysis
The Paper and Paperboard Container and Packaging market
encompasses the production and distribution of containers and
packaging made from paperboard. This includes folding cartons,
which are flat, rectangular boxes that are folded and glued to
create a finished package. The manufacturing process begins with
raw materials such as wood pulp, which undergoes pulping,
bleaching, refining, and other processes to create a high-quality
paperboard. Sheet forming, drying, calendaring, winding, and
printing are subsequent stages in the production of paperboard
containers and packaging. The market is driven by various factors,
including the growth of e-commerce and the food and beverage
industries. Consumer spending on processed and packed goods
continues to rise due to demographic trends and changing
lifestyles. Convenient packaging and brand building are also
important considerations for manufacturers. Environmental concerns
have led to increased demand for eco-friendly packaging solutions,
such as high-strength paper and biodegradable alternatives to
plastic. Cartons and paperboards remain popular choices due to
their versatility, printability, and ability to provide a clean and
attractive printing surface. The cosmetics industry is another
significant market for paperboard containers and packaging, as
brands seek to differentiate themselves with unique and
eye-catching designs.
Market Research Overview
The Paper and Paperboard Container and Packaging Market
encompasses the production and distribution of Paperboard
containers and Folding cartons for various end-user sectors. The
manufacturing process includes Pulping, Bleaching, Refining, Sheet
forming, Drying, Calendaring, Winding, and converting Paper
packaging materials into containers and cartons. Paperboard
packaging materials compete with Metals, Plastics, Glass, and other
materials in the market. End-user sectors such as Food and Beverage
industries, E-commerce, and Healthcare are significant consumers.
Paperboard packaging materials are used for Soups, Seasonings,
Dairy products, and other Polymers. However, the increasing
popularity of High-performance substitutes and Eco-friendly
packaging options poses a challenge. Environmental hazards,
including deforestation, raw material sourcing from Wood products,
Cattle, Soybeans, and Palm oil, are significant concerns. The
Packaging sector has been impacted by Nationwide lockdowns and the
shift towards Paper bags and Reusable containers. Circular economy
concepts, Sustainability, and reducing Carbon footprint are driving
the industry towards Sustainable practices. Innovative technologies
like Sustainable green packaging and Solid waste disposal are being
explored to minimize environmental impact. The Packaging sector's
future lies in reducing Weight of packaging, Convenience, and
Portability while ensuring Cost savings and Health benefits.
Companies are investing in RD activities and adopting innovative
technologies to meet evolving consumer demands.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Paper Bags And Sacks
- Corrugated Containers And Packaging
- Folding Boxes And Cases
- Others
- End-user
-
- Food And Beverages
- Industrial Products
- Healthcare
- Others
- Geography
-
- APAC
- Europe
- North America
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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