How big is the Paper Packaging Market?

The Paper Packaging Market size is expected to reach USD 398.65 billion in 2024 and grow at a CAGR of 4.68% to reach USD 501.08 billion by 2029. Read More

What is the current Paper Packaging Market size?

In 2024, the Paper Packaging Market size is expected to reach USD 398.65 billion. Read More

Who are the key players in Paper Packaging Market?

International Paper Company, Mondi Group, Smurfit Kappa Group, DS Smith PLC and WestRock Company are the major companies operating in the Paper Packaging Market. Read More

Which is the fastest growing region in Paper Packaging Market?

Asia is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Paper Packaging Market?

In 2024, the Asia accounts for the largest market share in Paper Packaging Market. Read More

What years does this Paper Packaging Market cover, and what was the market size in 2023?

In 2023, the Paper Packaging Market size was estimated at USD 379.99 billion. The report covers the Paper Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Paper Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What future developments are expected in the Paper Packaging Market?

Future developments of the Paper Packaging Market include: a) Increased investment in recycling technologies b) Introduction of smart packaging solutions c) further innovations in sustainable packaging to reduce environmental impact Read More

What types of Paper Packaging products are most in demand?

Corrugated boxes, cartons, and flexible paper packaging products are highly sought after due to their versatility, recyclability, and effectiveness in protecting a wide range of products. Read More

Paper Packaging Industry Global | Market Trends, Size & Forecast Report

Paper Packaging Industry Global - Market Trends, Size & Forecast Report (2024 - 2029)

The Paper and Packaging Market Report is Segmented by Grade (Carton Board (Solid Bleached Sulfate (SBS), Solid Unbleached Sulfate (SUS), Folding Boxboard (FBB), Coated Recycled Board (CRB), and Uncoated Recycled Board (URB)) and Containerboard (White-Top Kraft-Liner, Other Kraft-Liners, White Top Test-Liner, Other Test-Liners, Semi-Chemical Fluting, and Recycled Fluting)), by Product Type (Folding Cartons and Corrugated Boxes), by End-User Industry (Food, Beverage, Healthcare, Personal Care, Household Care, and Electrical Products), and by Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Paper Packaging Industry Overview

The paper packaging market is fragmented with several players like International Paper, Mondi, Smurfit Kappa, WestRock Company, and more. The companies are innovating and entering into strategic partnerships to retain their market share. Companies constantly innovate with technology and redesign their packaging to get better performance, improve marketability, and enhance sustainability.

In February 2024, Mondi Group expanded the production of its innovative range of paper-based EcoWicketBags as part of the rising need for sustainable home and personal care (HPC) packaging, specifically for diapers and feminine hygiene products. By expanding the production of EcoWicketBags at its Szada (Hungary) plant, Mondi further leverages the Group's integrated value chain, from in-house paper production to coating and converting.
In January 2024, WestRock announced plans to construct a new corrugated box plant in Pleasant Prairie, Wisconsin, to fulfill customers' growing needs. This investment is expected to position the company to increase production capabilities and enhance its cost profile in Great Lakes. The construction is slated to cost approximately USD 140 million.