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The paper and paperboard container and packaging market size is estimated to grow by USD 59.15 billion at a CAGR of 4.39% between 2022 and 2027. The growth of the market depends on several factors, such as the emergence of specialized paper and paperboard containers, environmental benefits associated with paper and paperboard containers, and rising demand from the e-commerce industry.
It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The emergence of specialized paper and paperboard containers is the key factor driving the growth of the market. Specialty packaging made from these, such as specialty folding boxes, cans, and corrugated containers, are specially customized to meet a company's specific packaging needs. These containers are lightweight, inexpensive, visually appealing, and available in a variety of custom sizes and styles. They are designed to hold specific products are less expensive and require less material, thus increasing customer engagement.
Moreover, the advantages associated have led various market players to offer such products in industries such as healthcare. For example, WestRock Co. offers specialized folding boxes using these products for various categories and markets. The company offers the medical industry a special folding box consisting of striking graphics and innovative container features. Using such boxes helps to differentiate brands of nutritional supplements and pharmaceuticals on the shelf. Hence, the demand is expected to grow during the forecast period.
Growing demand for lightweight containers and food service packaging is the primary trend in the global market. They reduce the environmental impact of these and enable companies to contribute to sustainability. These solutions also reduce volume and reduce production costs. Thus, various companies rely on these solutions.
Moreover, several suppliers offer lightweight containers. The increasing prevalence of lightweight containers and packaging is expected to drive the revenue of the global market during the forecast period.
The limited durability of paper bags is the challenge that affects the growth of the global market. The use of regular plastic bags and packaging has been banned. However, their durability is a major concern, especially for companies in the food and beverage industry. These are not strong enough to support the weight of food items. Also, they are not suitable for liquid foods such as juices, sauces, and curries.
Moreover, for restaurants and food service providers, it is difficult to pack liquid takeaway food into paper bags. Spills of such food can lead to damage, food loss, and contamination. They may break and the liquid may leak until it reaches the customer's hand. Therefore, the durability of these, especially for companies in the food and beverages industry, is a major challenge for their adoption, which will impede the growth of the market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
All Packaging Co.: The company offers Folding cartons packaging.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The paper bags and sacks segment is estimated to witness significant growth during the forecast period. Paper bags and sacks are mainly used in the food and beverage industry and the construction industry. It is an inexpensive and multipurpose method to protect, store and transport many types of goods. These bags are eco-friendly, recyclable, customizable, and practical and come in different sizes.
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The paper bags and sacks segment was the largest segment and was valued at USD 70.18 billion in 2017. Products such as tea, coffee, nuts, snacks, biscuits, spices, and candies are packaged in high-quality paper bags to enhance their visual appeal. With the increasing demand in the food and beverage industry, various market players offer innovative products. Also, sack bags are mainly used by companies in the construction industry. These bags are cost-effective in storing and transporting construction materials such as sand, dirt, and debris. Hence, such factors will drive the growth of the segment and the paper and paperboard packaging market during the forecast period.
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APAC is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. China is one of the major consumers of paper and paperboard packaging containers in the APAC region. Population growth leads to raised consumption of food, personal care products, and consumer goods.
Furthermore, countries such as China, India, Japan, South Korea, Australia, and Indonesia are seeing retail and manufacturing growth. In the retail sector, the beauty of product packaging attracts more customers. This creates demand for paper and paperboard containers and packaging with attractive graphics for products sold in retail stores. An increase in the number of manufacturing facilities across the region and growth in the consumer and transport packaging sector in the region is expected to contribute significantly to the growth of the regional market during the forecast period.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the market growth and trends opportunities from 2017 to 2027.
The Market is a vital segment of the packaging industry, encompassing processes like pulping, bleaching, refining, sheet forming, drying, calendaring, and winding. This market serves various sectors, including food and beverage, personal care, and e-commerce sales.
The industry faces challenges such as environmental hazards, including deforestation, which is being addressed through sustainable practices and the promotion of eco-friendly packaging. The market has also been impacted by factors like nationwide lockdowns and disruptions in the supply chain. Key players like are leading the market with innovations in sustainable packaging and high-performance substitutes. Recent developments include the acquisition of WestRock Company and the merger of Mondi Tire Kutsanand and Mondi Olmuksan, indicating the market's dynamic nature. The Circular economy approach is gaining traction, emphasizing the importance of recycling and reusing paper and paperboard materials. This trend is particularly noticeable in Southeast Asian countries, where demand for sustainable packaging solutions is increasing.
Paper And Paperboard Container And Packaging Market Scope |
|
Report Coverage |
Details |
Page number |
182 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.39% |
Market growth 2023-2027 |
USD 59.15 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
3.66 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 40% |
Key countries |
US, China, Japan, India, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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. |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the market forecast period. |
Customization purview |
If our report has not included the data you are looking for, you can reach out to our analysts and get customized segments. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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