Paper Packaging Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Type (Corrugated Box, Paperboard, Paper Bags And Sacks), By Paper (Asphalt Paper, Water Strength Paper, Parchment Paper, Kraft Paper), By Industry Vertical (Food & Beverage, Healthcare, Personal & Homecare, Others), And By Geography - Forecasts From 2019 To 2024

Published:  Apr 2021 Report Code: KSI061611239 Pages: 127

The paper packaging market is projected to grow at a CAGR of 3.12% to reach US$278.222 billion in 2023 from US$231.452 billion in 2017. The growing environmental concerns regarding plastic-based packaging have led to the increasing adoption of paper packaging solutions across industry verticals. The rapid growth of the e-commerce industry is also fueling demand for these packaging solutions. Moreover, recent initiatives by the government to raise awareness about the benefits of paper-based packaging are also fuelling the adoption of these packaging solutions. This research study examines the current market trends related to demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases, and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the paper packaging value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and more efficient understanding of the paper packaging market.

Major industry players profiled as part of the report are Amcor Limited, DS Smith PLC, Mondi PLC, and ITC Limited among others. 

Paper Packaging Market Scope:

Report Metric Details
 Market size value in 2017  US$231.452 billion
 Market size value in 2023  US$278.222 billion
 Growth Rate  CAGR of 3.12% from 2017 to 2023
 Base year  2017
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Billion
 Segments covered  Type, Paper, Industry Vertical, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Amcor Limited, International Paper, Packaging Corp. of America, Asia Pulp &   Paper, DS Smith PLC
 Customization scope  Free report customization with purchase



The paper packaging market has been analyzed through the following segments:

By Type

Corrugated Box


Paper Bags and Sacks


By Paper

Asphalt Paper

Water Strength Paper

Parchment Paper

Kraft Paper


By Industry Vertical

Food & Beverage


Personal & Homecare



By Geography

North America






South America








 United Kingdom




Middle East and Africa

 Saudi Arabia




Asia Pacific



 South Korea




Frequently Asked Questions (FAQs)

Q1. What are the growth prospects for the paper packaging market?
A1. The paper packaging market is projected to grow at a CAGR of 3.12% during the forecast period.

Q2. Who are the major players in the paper packaging market?
A2. Major industry players profiled as part of the paper packaging market report are Amcor Limited, DS Smith PLC, Mondi PLC, and ITC Limited among others. 

Q3. What will be the paper packaging market size by 2023?
A3. The global paper packaging market is projected to reach a total market size of US$278.222 billion by 2023.

Q4. What is the size of the global paper packaging market?
A4. Paper Packaging Market was valued at US$231.452 billion in 2017.

Q5. What factors are anticipated to drive the paper packaging market growth?
A5. The growing environmental concerns regarding plastic-based packaging have led to the increasing adoption of paper packaging solutions across industry verticals. 


1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2.1. Research Design
2.2. Secondary Sources
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Force Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5.1. Corrugated Box
5.2. Paper board
5.3. Paper Bags and Sacks
6.1. Asphalt Paper
6.2. Water Strength Paper
6.3. Parchment Paper
6.4. Kraft Paper
7.1. Food & Beverage
7.2. Healthcare
7.3. Personal & Homecare
7.4. Others
8.1. North America
8.1.1. USA
8.1.2. Canada
8.1.3. Mexico
8.1.4. Others
8.2. South America
8.2.1. Brazil
8.2.2. Argentina
8.2.3. Others
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. United Kingdom
8.3.4. Spain
8.3.5. Others
8.4. Middle East and Africa
8.4.1. Saudi Arabia
8.4.2. Israel
8.4.3. Others
8.5. Asia Pacific
8.5.1. China
8.5.2. Japan
8.5.3. South Korea
8.5.4. India
8.5.5. Others
9.1.  Market Share Analysis
9.2.  Recent Investment and Deals
9.3. Strategies of Key Players
10.1. Amcor Limited
10.1.1. Company Overview
10.1.2. Financials
10.1.3. Products and Services
10.1.4. Recent Developments
10.2. International Paper
10.2.1. Company Overview
10.2.2. Financials
10.2.3. Products and Services
10.2.4. Recent Developments
10.3. Packaging Corp. of America
10.3.1. Company Overview
10.3.2. Financials
10.3.3. Products and Services
10.3.4. Recent Developments
10.4.  Asia Pulp & Paper 
10.4.1. Company Overview
10.4.2. Financials
10.4.3. Products and Services
10.4.4. Recent Developments
10.5.  DS Smith PLC
10.5.1. Company Overview
10.5.2. Financials
10.5.3. Products and Services
10.5.4. Recent Developments
10.6. Mondi PLC
10.6.1. Company Overview
10.6.2. Financials
10.6.3. Products and Services
10.6.4. Recent Developments
10.7. Cascades Inc.
10.7.1. Company Overview
10.7.2. Financials
10.7.3. Products and Services
10.7.4. Recent Developments
10.8. Smurfit Kappa Group
10.8.1. Company Overview
10.8.2. Financials
10.8.3. Products and Services
10.8.4. Recent Developments
10.9. ITC Limited
10.9.1. Company Overview
10.9.2. Financials
10.9.3. Products and Services
10.9.4. Recent Developments
10.10. Clearwater Paper Corporation
10.10.1. Company Overview
10.10.2. Financials
10.10.3. Products and Services
10.10.4. Recent Developments

Amcor Limited

International Paper

Packaging Corp. of America

Asia Pulp & Paper

DS Smith PLC


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