Home > News > Content
Global Paper Packaging Market – 01
Feb 14, 2017

The global paper packaging market was valued at USD 251.09 billion in 2016 and is projected to reach USD 312.26 billion by the end of 2022, at a CAGR of 4.46% over the forecast period, 2017-2022. Paper is one of the most extensively used material for packaging products. Features such as lightweight, biodegradable and recyclable are the advantages of paper packaging, making it an essential component of modern life.

Paper packaging is a versatile and cost-efficient method to protect, preserve and transport a wide array of products. The packaging technology is designed to be sturdy and lightweight, while at the same time customizable to meet customer or product-specific needs. Every product, from electronics to food & beverage to cosmetics can be packaged using paper. This study targets at gaining a detailed overview of the market dynamics of the paper packaging industry during the forecast period. It focuses on the need to develop strategic insights on the global and country-level markets, taking into consideration the technology cycles.

Market Dynamics

Social changes have also played a pivotal role in bringing about a change in the packaging design. The ‘on-the-go’ lifestyles of new-age consumers, coupled with a reduction in the average size of households has led to a strong focus on convenience. Consumer goods companies are increasingly depending on packaging to gain a competitive edge in the market. Growing competition for paper packaging solutions has resulted in lower costs, innovation and convenient features like handles, fresh seals and higher shelf-life for storage. The latest range of Tetra Pak cartons (made of paperboard) offers great value to consumers, owing to easy transportation, greater storage capabilities and low costs. Major driving factors of this market are the development of barrier-coated boards & papers and regulations to move towards eco-friendlier products. This growth can be attributed to rising disposable incomes, growing population and increasing dependence on convenience foods.