Paper Packaging Materials Market Outlook 2031

  • The global paper packaging materials market was valued at US$ 359.5 Bn in 2020
  • It is estimated to expand at a CAGR of 4.4% from 2021 to 2031
  • The global paper packaging materials market is expected to reach the value of US$ 553.1 Bn by the end of 2031

Analysts’ Viewpoint on Paper Packaging Materials Market Scenario

Manufacturers in the paper packaging materials market are maintaining optimum inventory levels to ensure a robust supply of products amid ongoing COVID-19 outbreak. Even though paper packaging is associated with advantages such as sustainability and versatility, issues including poor barrier properties and slow anaerobic (oxygen-absent) biodegradation rate in environments without oxygen, such as landfills, are challenging for stakeholders in the value chain. Hence, manufacturers in the paper packaging materials market should increase the availability of water-soluble board stock, which qualifies as compostable in 40 days as it passes the ASTM D6868-11 testing method. They should also increase R&D in materials that have passed the international OECD 301B testing method and thus, demonstrate that they biodegrade rapidly and completely in aquatic environments.

Comprehensive Applications of Paper Packaging Materials Generating Value-grab Opportunities

Companies in the paper packaging materials market are unlocking revenue streams in beverages, fresh foods, fast foods, frozen foods, dairy & bakery, pet foods, cosmetics, and pharmaceuticals. Of these, beverages have been holding the leading revenue share in the past few years. On the other hand, the combined share of frozen foods, fast foods, and fresh foods in the same year is significant and expected to rise at the major CAGR during the forecast period.

The demand for paper packaging materials for frozen foods, fast foods, and fresh foods is driven by their vast demand for wrapping food products. In addition, recent advances in materials used for paper packaging and constant advancement in manufacturing technologies have led to the emergence of highly functional packaging, such as those which are leak proof.

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eCommerce and Healthcare Emerge as Frontrunners in Material Production amid COVID-19 Outbreak

Manufacturers in the paper packaging materials market are catering to on-demand delivery of products and services to keep projects running amid the ongoing COVID-19 outbreak. They are focusing on mission-critical applications in food & beverage, healthcare, and logistics in order to keep the economies growing.

Manufacturers in the paper packaging materials market have been working at break-neck speeds to fulfill the demand of clientele in the rapidly growing eCommerce industry. The steady growth in international trade is anticipated to bring business activities to their normal pace by the end of 2022. Manufacturers are establishing a balanced relationship with their suppliers and ecosystem partners to keep projects moving forward.

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Ever-evolving Packaging Industry Holds Lucrative Opportunities in Asia Pacific

Asia Pacific held the leading market share in 2020. Although the combined share of the Europe and North America was more than 50% of the market, the market in Asia Pacific is predicted to rise at an exponential rate during the forecast period. The exponential growth of this regional market can be attributed to the vast advancements made in the packaging industry in various countries. The market in Latin America and Middle East & Africa is predicted to gather pace during the forecast period. The growth is likely to be fueled by the rapid emergence of the packaging sector in these regions.

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Demand for Corrugated Cases Driven by Application in Retail Packaging

Based on products used for making paper packaging, manufacturers in the paper packaging materials market are bolstering output capabilities for liquid packaging cartons, corrugated cases, cartons, and folding boxes, among others. Of these, the corrugated cases segment accounted for the leading share of the market in 2020. Moreover, the demand for corrugated cases is projected to rise at an accelerated pace in the near future. This segment is anticipated to expand at a leading CAGR throughout the assessment period.

The extensive demand for corrugated cases is expected to be driven by its application in retail packaging and inter-trade activities. The vast uptake of these can be scribed to the durability of packaging and recyclability. In addition, corrugated packaging boxes are lightweight and can be reused. This is expected to boost the expansion of the paper packaging materials market.

Growing Plastic Waste Contributing to Demand for Sustainable Paper Packaging Materials

Recent advancements made in the packaging industry has led to the demand for eco-friendly and environmentally sustainable packaging materials for a number of end-use applications. This is a key factor driving the evolution of the paper packaging materials market. The growing demand for flexible packaging in industries such as food & beverages (F&B), cosmetics, pet food, and pharmaceuticals is a significant trend propelling the market.

Mounting concerns pertaining to use & disposal of plastics and factors limiting the use of metals in making packaging are crucial in the uptake of paper packaging materials in developing and developed regions. In addition, significant advances made in the BRICS (Brazil, Russia, India, China, and South Africa) nations toward the adoption of paper-based flexible packaging is predicted to open up promising avenues for market players in these regions.

Paper Packaging Materials Market: Overview

  • Recent advancements made in the packaging industry have resulted in demand for eco-friendly and environmentally sustainable packaging materials for a number of end-use applications. This is a key factor driving the paper packaging materials market.
  • Rise in demand for flexible packaging in industries such as food & beverages, cosmetics, pet food, and pharmaceuticals is a key trend driving the market. Coupled with this, mounting concerns pertaining to the use and disposal of plastics and restrictions on the use of metals in packaging are crucial factors bolstering the uptake of paper packaging materials in developing and developed regions.
  • In addition, significant advancements made in the BRIC nations toward the adoption of paper-based flexible packaging is predicted to open up promising avenue for market players

Rising Demand for Corrugated Cases in Paper Packaging Materials Market

  • Based on products used for making paper packaging, the market is segmented into liquid packaging cartons, corrugated cases, cartons & folding boxes, and others. Of these, the corrugated cases segment accounted for the leading share of the market in 2020. However, the demand for corrugated cases is projected to rise at an accelerated pace in the near future. The segment is anticipated to expand at the leading CAGR from 2021 to 2031.
  • Extensive demand for corrugated cases is expected to be driven by its applications in retail packaging and inter-trade activities. The vast uptake of these can be attributed to the durability of packaging and recyclability. In addition, corrugated packaging boxes are lightweight and can be reused. This is expected to boost their demand.
  • Demand for cartons and folding boxes in the paper packaging materials industry is projected to rise at an impressive pace over the next few years. Rise in demand for decorative and bulk packaging is further expected to accentuate the demand for cartoons and paper folding.

Burgeoning Packaging Industry to Bolster Uptake of Paper Packaging Materials in Asia Pacific

  • Based on region, the paper packaging materials market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Of these, Asia Pacific held the leading market share in 2020. Although the combined share of the Europe and North America was more than 50% of the market, the market in Asia Pacific is predicted to rise at the leading CAGR during the forecast period.
  • Spectacular growth of this regional market can be ascribed to the vast advances made in the packaging industry in various countries. The market in Latin America and Middle East & Africa is predicted to gather pace during the forecast period. The growth is likely to be fueled by the rapid emergence of the packaging sector in these regions.

Paper Packaging Materials Market: Competition Landscape

  • Key players operating in the global paper packaging materials market include
    • Georgia-Pacific Corporation
    • DS Smith PLC
    • Holmen AB
    • International Paper Company
    • Hood Packaging Corporation
    • OJI Holding Corporation
    • MeadWestvaco Corporation
    • Stora Enso Oyj
    • Smurfit Kappa Group Plc
    • The Mayr-Melnhof Group
  • The competitive intensity is projected to rapidly increase over the next few years, owing to numerous new players making their foray in the global paper packaging materials market on a regular basis

Paper Packaging Materials Market Snapshot

Attribute

Detail

Market Size Value in 2020 (Base Year)

US$ 359.5 Bn

Market Forecast Value in 2031

US$ 553.1 Bn

Growth Rate (CAGR)

4.4%

Forecast Period

2021-2031

Quantitative Units

US$ Bn for Value & Million Tons for Volume

Competition Landscape

Company Profiles section includes overview, product portfolio, key subsidiaries or distributors, strategy & recent developments, and key financials.

Format

Electronic (PDF) + Excel

Market Segmentation

  • Product
    • Liquid Packaging Cartons
    • Corrugated Cases
    • Cartons & Folding Boxes
    • Others (Sacks, Bags, etc.)
  • Application
    • Beverages
    • Fast Food
    • Fresh Food
    • Dairy & Bakery
    • Frozen Food
    • Others (Pet Food, Cosmetics, Pharmaceuticals, etc.)

Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Countries Covered

  • U.S.
  • Canada
  • Germany
  • France
  • U.K.
  • Italy
  • Russia & CIS
  • China
  • Japan
  • India
  • ASEAN
  • Brazil
  • Mexico
  • GCC Countries
  • South Africa

Companies Profiled

  • Georgia-Pacific Corporation
  • DS Smith PLC
  • Holmen AB
  • International Paper Company
  • Hood Packaging Corporation
  • OJI Holding Corporation
  • MeadWestvaco Corporation
  • Stora Enso Oyj
  • Smurfit Kappa Group Plc
  • The Mayr-Melnhof Group

Customization Scope

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Pricing

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Paper Packaging Materials Market – Segmentation

TMR’s research study assesses the global paper packaging materials market in terms of product, application, and region. This report presents extensive market dynamics and trends associated with different segments of the market and how they are influencing growth prospects of the global paper packaging materials market.

Product
  • Liquid Packaging Cartons
  • Corrugated Cases
  • Cartons & Folding Boxes
  • Others (Sacks, Bags, etc.)
Application
  • Beverages
  • Fast Food
  • Fresh Food
  • Dairy & Bakery
  • Frozen Food
  • Others (Pet Food, Cosmetics, Pharmaceuticals, etc.)
Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

1. Preface

    1.1. Report Description

    1.2. Market Segmentation

        1.2.1. Global Paper Packaging Materials Market Segmentation

    1.3. Research Methodology

        1.3.1. Assumptions

2. Executive Summary

    2.1. Global Paper Packaging Materials Market, 2020 – 2031 (Million Tons) (US$ Bn)

    2.2. Global Paper Packaging Materials: Market Snapshot (2020 And 2031)

3. Paper Packaging Materials - Industry Analysis

    3.1. Introduction

    3.2. Value Chain Analysis

    3.3. Market Drivers

        3.3.1. Increasing Demand for Flexible Packaging

            3.3.1.1. Global Demand for Paper Based Flexible Packaging Material, 2020 - 2031 (US$ Bn)

        3.3.2. Emerging BRIC Market

            3.3.2.1. GDP Growth Rate, 2016 - 2020(%)

        3.3.3. Increasing Awareness of Ecological Issues

    3.4. Market Restraints

        3.4.1. Stringent Deforestation Regulations

    3.5. Market Opportunities

        3.5.1. Ban on Lightweight Plastic Bags

    3.6. Porter’s Five Force Analysis

        3.6.1. Bargaining Power of Suppliers

        3.6.2. Bargaining Power of Buyers

        3.6.3. Threat of New Entrants

        3.6.4. Threat of Substitutes

        3.6.5. Degree of Competition

    3.7. Paper Packaging Materials: Market Attractiveness Analysis

    3.8. Paper Packaging Materials: Company Market Share Analysis, 2020

4. Paper Packaging Materials Market – Product Segment Analysis

    4.1. Global Paper Packaging Materials Market: Product Segment Analysis

        4.1.1. Global Paper Packaging Materials Market Volume Share, by Product, 2020 And 2031

    4.2. Liquid Packaging Cartons

        4.2.1. Global Paper Packaging Materials Market For Liquid Packaging Cartons, 2020 – 2031 (Million Tons) (US$ Bn)

    4.3. Corrugated Cases

        4.3.1. Global Paper Packaging Materials Market For Corrugated Cases, 2020 – 2031 (Million Tons) (US$ Bn)

        4.3.2. Cartons & Folding Boxes

            4.3.2.1. Global Paper Packaging Materials Market For Cartons & Folding Boxes, 2020 – 2031 (Million Tons) (US$ Bn)

    4.4. Others

        4.4.1. Global Paper Packaging Materials Market For Other Products, 2020 – 2031 (Million Tons) (US$ Bn)

5. Paper Packaging Materials Market – Application Analysis

    5.1. Global Paper Packaging Materials Market: Application Overview

        5.1.1. Global Paper Packaging Materials Market Volume Share, by Application, 2020 And 2031

    5.2. Beverages

        5.2.1. Global Paper Packaging Materials Market For Beverages, 2020 – 2031 (Million Tons) (US$ Bn)

    5.3. Fast Food

        5.3.1. Global Paper Packaging Materials Market For Fast Food, 2020 – 2031 (Million Tons) (US$ Bn)

    5.4. Fresh Food

        5.4.1. Global Paper Packaging Materials Market For Fresh Food, 2020 – 2031 (Million Tons) (US$ Bn)

    5.5. Dairy & Bakery

        5.5.1. Global Paper Packaging Materials Market For Diary & Bakery Products, 2020 – 2031 (Million Tons) (US$ Bn)

    5.6. Frozen Food

        5.6.1. Global Paper Packaging Materials Market For Frozen Food, 2020 – 2031 (Million Tons) (US$ Bn)

    5.7. Others

        5.7.1. Global Paper Packaging Materials Market For Other Applications, 2020 – 2031 (Million Tons) (US$ Bn)

6. Global Paper Packaging Materials Market – Regional Analysis

    6.1. Global Paper Packaging Materials Market: Regional Analysis

        6.1.1. Global Paper Packaging Materials Market Volume Share, by Region, 2020 And 2031

    6.2. North America

        6.2.1. North America Paper Packaging Materials Market Volume, by Product, 2020 - 2031 (Million Tons)

        6.2.2. North America Paper Packaging Materials Market Revenue, by Product, 2020 - 2031 (US$ Bn)

        6.2.3. North America Paper Packaging Materials Market Volume, by Application, 2020 - 2031 (Million Tons)

        6.2.4. North America Paper Packaging Materials Market Volume, by Application, 2020 - 2031 (US$ Bn)

    6.3. Europe

        6.3.1. Europe Paper Packaging Materials Market Volume, by Product, 2020 - 2031 (Million Tons)

        6.3.2. Europe Paper Packaging Materials Market Revenue, by Product, 2020 - 2031 (US$ Bn)

        6.3.3. Europe Paper Packaging Materials Market Volume, by Application, 2020 - 2031 (Million Tons)

        6.3.4. Europe Paper Packaging Materials Market Volume, by Application, 2020 - 2031 (US$ Bn)

    6.4. Asia Pacific

        6.4.1. Asia Pacific Paper Packaging Materials Market Volume, by Product, 2020 - 2031 (Million Tons)

        6.4.2. Asia Pacific Paper Packaging Materials Market Revenue, by Product, 2020 - 2031 (US$ Bn)

        6.4.3. Asia Pacific Paper Packaging Materials Market Volume, by Application, 2020 - 2031 (Million Tons)

        6.4.4. Asia Pacific Paper Packaging Materials Market Revenue, by Application, 2020 - 2031 (US$ Bn)

    6.5. Latin America

        6.5.1. Latin America Paper Packaging Materials Market Volume, by Product, 2020 - 2031 (Million Tons)

        6.5.2. Latin America Paper Packaging Materials Market Volume, by Product, 2020 - 2031 (US$ Bn)

        6.5.3. Latin America Paper Packaging Materials Market Revenue, by Application, 2020 - 2031 (Million Tons)

        6.5.4. Latin America Paper Packaging Materials Market Revenue, by Application, 2020 - 2031 (US$ Bn)

    6.6. Middle East & Africa

        6.6.1. Middle East & Africa Paper Packaging Materials Market Volume, by Product, 2020 - 2031 (Million Tons)

        6.6.2. Middle East & Africa Paper Packaging Materials Market Revenue, by Product, 2020 - 2031 (US$ Bn)

        6.6.3. Middle East & Africa Paper Packaging Materials Market Volume, by Application, 2020 - 2031 (Million Tons)

        6.6.4. Middle East & Africa Paper Packaging Materials Market Volume, by Application, 2020 - 2031 (US$ Bn)

7. Company Profiles

    7.1. Ds Smith Plc

        7.1.1. Company Overview

        7.1.2. Product Portfolio

        7.1.3. Financial Overview

        7.1.4. Business Strategy

        7.1.5. Swot Analysis

        7.1.6. Recent Developments

    7.2. Georgia-Pacific Corporation

        7.2.1. Company Overview

        7.2.2. Product Portfolio

        7.2.3. Business Strategies

        7.2.4. Swot Analysis

        7.2.5. Recent Developments

    7.3. Holmen Ab

        7.3.1. Company Overview

        7.3.2. Financial Overview

        7.3.3. Product Portfolio

        7.3.4. Business Strategy

        7.3.5. Swot Analysis

        7.3.6. Recent Developments

    7.4. Hood Packaging Corporation

        7.4.1. Company Overview

        7.4.2. Product Portfolio

        7.4.3. Swot Analysis

        7.4.4. Business Strategy

        7.4.5. Recent Developments

    7.5. International Paper Company

        7.5.1. Company Overview

        7.5.2. Financial Overview

        7.5.3. Product Portfolio

        7.5.4. Business Strategy

        7.5.5. Swot Analysis

        7.5.6. Recent Developments

    7.6. Meadwestvaco Corporation

        7.6.1. Company Overview

        7.6.2. Product Portfolio

        7.6.3. Financial Overview

        7.6.4. Business Strategy

        7.6.5. Swot Analysis

        7.6.6. Recent Developments

    7.7. Oji Holding Corporation

        7.7.1. Company Overview

        7.7.2. Product Portfolio

        7.7.3. Financial Overview

        7.7.4. Business Strategy

        7.7.5. Swot Analysis

        7.7.6. Recent Developments

    7.8. Smurfit Kappa Group Plc

        7.8.1. Company Overview

        7.8.2. Product Portfolio

        7.8.3. Financial Overview

        7.8.4. Business Strategy

        7.8.5. Swot Analysis

        7.8.6. Recent Developments

    7.9. Stora Enso Oyj

        7.9.1. Company Overview

        7.9.2. Product Portfolio

        7.9.3. Financial Overview

        7.9.4. Business Strategy

        7.9.5. Swot Analysis

        7.9.6. Recent Developments

    7.10. The Mayr-Melnhof Group

        7.10.1. Company Overview

        7.10.2. Financial Overview

        7.10.3. Product Portfolio

        7.10.4. Business Strategy

        7.10.5. Swot Analysis

        7.10.6. Recent Developments

List of Tables

Table 1: Paper Packaging Materials: Global Snapshot

Table 2: Drivers for Paper Packaging Materials Market: Impact Analysis

Table 3: Restraints for Paper Packaging Materials Market: Impact Analysis

Table 4: North America Paper Packaging Materials Market Volume, by Product, 2020 - 2031 (Million Tons)

Table 5: North America Paper Packaging Materials Market Revenue, by Product, 2020 - 2031 (US$ Bn)

Table 6: North America Paper Packaging Materials Market Volume, by Application, 2020 - 2031 (Million Tons)

Table 7: North America Paper Packaging Materials Market Volume, by Application, 2020 - 2031 (US$ Bn)

Table 8: Europe Paper Packaging Materials Market Volume, by Product, 2020 - 2031 (Million Tons)

Table 9: Europe Paper Packaging Materials Market Revenue, by Product, 2020 - 2031 (US$ Bn)

Table 10: Europe Paper Packaging Materials Market Volume, by Application, 2020 - 2031 (Million Tons)

Table 11: Europe Paper Packaging Materials Market Revenue, by Application, 2020 - 2031 (US$ Bn)

Table 12: Asia Pacific Paper Packaging Materials Market Volume, by Product, 2020 - 2031 (Million Tons)

Table 13: Asia Pacific Paper Packaging Materials Market Revenue, by Product, 2020 - 2031 (US$ Bn)

Table 14: Asia Pacific Paper Packaging Materials Market Volume, by Application, 2020 - 2031 (Million Tons)

Table 15: Asia Pacific Paper Packaging Materials Market Revenue, by Application, 2020 - 2031(US$ Bn)

Table 16: Latin America Paper Packaging Materials Market Volume, by Product, 2020 - 2031 (Million Tons)

Table 17: Latin America Paper Packaging Materials Market Volume, by Product, 2020 - 2031 (US$ Bn)

Table 18: Latin America Paper Packaging Materials Market Revenue, by Application, 2020 - 2031 (Million Tons)

Table 19: Latin America Paper Packaging Materials Market Revenue, by Application, 2020 - 2031 (US$ Bn)

Table 20: Middle East & Africa Paper Packaging Materials Market Volume, by Product, 2020 - 2031 (Million Tons)

Table 21: Middle East & Africa Paper Packaging Materials Market Revenue, by Product, 2020 - 2031 (US$ Bn)

Table 22: Middle East & Africa Paper Packaging Materials Market Volume, by Application, 2020 - 2031 (Million Tons)

Table 23: Middle East & Africa Paper Packaging Materials Market Revenue, by Application, 2020 - 2031 (US$ Bn)

List of Figures

Figure 1: Global Paper Packaging Materials Market Segmentation

Figure 2: Global Paper Packaging Materials Market, 2020 – 2031 (Million Tons) (US$ Bn)

Figure 3: Paper Packaging Materials: Value Chain Analysis

Figure 4: Global Demand for Paper Based Flexible Packaging Material, 2020 - 2031 (US$ Bn)

Figure 5: GDP Growth Rate, 2016 - 2020 (%)

Figure 6: Porter’s Five Force Analysis

Figure 7: Paper Packaging Materials: Market Attractiveness Analysis

Figure 8: Paper Packaging Materials: Company Market Share Analysis (2020)

Figure 9: Global Paper Packaging Materials Market Volume Share, by Product, 2020 And 2031

Figure 10: Global Paper Packaging Materials Market For Liquid Packaging Cartons, 2020 – 2031 (Million Tons) (US$ Bn)

Figure 11: Global Paper Packaging Materials Market For Corrugated Cases, 2020 – 2031 (Million Tons) (US$ Bn)

Figure 12: Global Paper Packaging Materials Market For Cartons & Folding Boxes, 2020 – 2031 (Million Tons) (US$ Bn)

Figure 13: Global Paper Packaging Materials Market For Other Products, 2020 – 2031 (Million Tons) (US$ Bn)

Figure 14: Global Paper Packaging Materials Market Volume Share, by Application, 2020 And 2031

Figure 15: Global Paper Packaging Materials Market For Beverages, 2020 – 2031 (Million Tons) (US$ Bn)

Figure 16: Global Paper Packaging Materials Market For Fast Food, 2020 – 2031 (Million Tons) (US$ Bn)

Figure 17: Global Paper Packaging Materials Market For Fresh Food, 2020 – 2031 (Million Tons) (US$ Bn)

Figure 18: Global Paper Packaging Materials Market For Diary & Bakery Products, 2020 – 2031 (Million Tons) (US$ Bn)

Figure 19: Global Paper Packaging Materials Market For Frozen Food, 2020 – 2031 (Million Tons) (US$ Bn)

Figure 20: Global Paper Packaging Materials Market For Other Applications, 2020 – 2031 (Million Tons) (US$ Bn)

Figure 21: Global Paper Packaging Materials Market Volume Share, by Region, 2020 And 2031

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Paper Packaging Materials Market