Select Language
According to the latest report by IMARC Group, titled "Paper Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global paper packaging market reached a value of US$ 402.4 Billion in 2021. Paper packaging refers to the versatile and cost-efficient method of transporting, protecting and preserving a wide array of items by utilizing various rigid and flexible packaging materials, including corrugated boxes, liquid paperboard cartons, paper bags and sacks, folding boxes and cases. They are manufactured by bleaching fibrous compounds derived from wood or recycled wastewater pulp. Paper packaging is usually sturdy, durable and lightweight as well as customizable and includes paperboard cartons, paper bags, corrugated boxes and folding boxes. Paper packaging solutions are extensively utilized in the packaging of food products, beverages, glassware, electronics, medicines, toiletries and perishables.
Global Paper Packaging Market Trends:
The global market is primarily driven by the growing demand for paper-based flexible packaging from numerous industries. Parchment and grease-proof papers are widely used in the production of flexible packaging in the form of bags, envelopes and pouches. The market is further driven by the rising requirement for affordable packaging solutions. Moreover, the growing preference for online shopping portals and the expansion of modern retail formats across the world has resulted in an increasing demand for secondary and tertiary paper packaging. This is further facilitated by an enhanced focus toward sustainable development among the masses. In line with this, governments of various countries have banned the usage of single-use plastics, which is expected to provide an impetus to the market growth, as paper packaging solutions are eco-friendly and act as a sustainable alternative to the plastic-based packaging solutions. Apart from this, several companies, food joints and cafes are increasingly using paper cartons for packing liquids and beverages, which is boosting the sales of paper packaging solutions. Other factors, such as rapid urbanization and the continual launch of aesthetically and visually appealing paper packaging designs by the manufacturers, are expected to create a positive outlook for the market. On account of the aforementioned factors, the market is anticipated to grow at a CAGR of 3.5% during 2022-2027.
Market Summary:
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91-120-433-0800 )
Drop us an email at
sales@imarcgroup.com