The paper packaging market would be segmented by product type, end-user industry and geographic location, meanwhile, product types could be consider into cardboard, kraft paperboard, corrugated board and so on, alongside, end user industry could refer into personal and home care, food, beverage and health-care. The market value of paper packaging in 2019 was about 69.91 billion US dollars, which would be expected to reach 88.73 billion US dollars in 2025. The compound growth rate is predicted to be 4.1% since 2020 to 2025 as professional data statistics. Well, let us have a look about its trend for key market as well.
Trend of market
Food and beverage industry and market with huge market share, in meantime, Paper packaging is a major asset of the food industry. It is environmentally friendly and increases the convenience of consumers. Therefore, in the food and beverage market, there is a huge competition among the participants who provide consumers with high-quality products. See, various packaging materials on the market can meet different packaging needs, for example Corrugated boxes. Kraft paperboard, or even Cardboard boxes, etc.
A survey from professional big data to analysis as food consumption to reach almost 51.9 million metric tons in 2019. The regional food and beverage sector in the Middle East is an important driver of the adoption of paper packaging.
Significant Growth for Asia-Pacific
Significant growth always is expected in the Asia Pacific region. The growing number of manufacturing plants across the region, coupled with the growing consumerism and transit packaging industry in the Asia Pacific region, is driving the growth of the paper packaging market.
Due to strong growth in industries such as FMCG and cosmetics, the rapidly growing middle class population is expected to encourage demand for paper packaging in this region. At the same time, as corrugated boxes are expected to dominate the region’s market, the export rate of the developing logistics sector is increasing.
A statistic shows that since 2008, the demand for paper packaging has grown at a rate of 6.5%, much higher than anywhere else in the world. With the demand for paper packaging, the demand for recycled paper is also increasing stably.
For global carton machinery industry
The agricultural market service bureau under Department of Agriculture (USAD) has set up rules for publicity, research and information for paper products and paper packaging. The new plan is similar to the current agricultural marketing plan for cotton, honey, mushrooms, peanuts, blueberries, raspberries, popcorn, dairy products, cork and so on.
With the reduction of office paper, the prevalence of digital communication and the competition of other materials, the market size of paper products and paper packaging decreased by 15% from 2000 to 2010. The initial assessment rate is US $0.35 per short ton (i.e. US $0.0386 per kilogram), and enterprises importing or producing less than 100,000 short tons of paper products and paper packaging, as well as organic paper products and paper packaging in each promotion year can be exempted from assessment. There are more than 5,000 printing enterprises in the United States, nearly one million employees. At present, printing sales are stable at over $140 billion.