Emerging Trends in the Paper and Paperboard Packaging Market: Insights and Forecast, 2023-2030

 


Industry Analysis

Paper and paperboard packaging market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with the CAGR of 5.1% in the forecast period of 2022 to 2029 and expected to reach USD 203,118.18 million by 2029.  

Paper based packaging and products such as cardboard, paperboard, shipping sacks, and paper bags are made from renewable resources (recycled paper fibre and trees) that are replanted to ensure a sustainable supply. Paper and paper based products means products made of interwoven cellulosic fibres held together largely by hydrogen bonding.


Market Insights and Scope

The major factors driving the growth of the paper and paperboard packaging market are growing demand for paperboard packaging boxes from healthcare industry, increasing awareness pertaining to sustainable packaging material adoption of eco-friendly packaging and increasing adoption of paper based packaging in food industry. Environmental benefits associated with paper and paperboard packaging is creating opportunities for the growth of the market. Regulations imposed by governments concerning the use of packaging materials are acting as the major restraint for paper and paperboard packaging market. Maintaining the quality of the paper based packaging products is quite difficult is acting as a major challenge for the growth of the market.


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