Global Paper and Paperboard Container and Packaging Market to Grow USD 102.51 Billion by 2024

Strategic Insights -

The global paper and paperboard container and packaging market is experiencing significant growth, driven by increasing demand from the e-commerce industry and the environmental benefits associated with paper and paperboard containers. The market is expected to grow by USD 102.51 billion during the period 2020-2024, with the e-commerce industry being a major contributor to this growth. The APAC region is expected to lead the market in 2019, followed by Europe, North America, South America, and MEA respectively, with APAC expected to register the highest incremental growth during the forecast period.

Key Takeaways:

  • The global paper and paperboard container and packaging market is expected to grow by USD 102.51 billion during 2020-2024.
  • The e-commerce industry is a major driver of growth, with increasing demand for effective packaging solutions driving the adoption of paper and paperboard containers.
  • The environmental benefits associated with paper and paperboard containers, including biodegradability and recyclability, are expected to have a positive impact on the market and contribute to its growth significantly over the forecast period.
  • The APAC region is expected to lead the market, followed by Europe, North America, South America, and MEA respectively.
  • The market is segmented by product, geography, and end-user, with the food and beverage industry being a significant driver of growth.

Statistics:

  • The global paper and paperboard container and packaging market is expected to grow by USD 102.51 billion during 2020-2024.
  • The e-commerce industry is expected to drive the adoption of paper and paperboard containers, with sales of products such as food and beverage, electronics, personal care products, and healthcare products expected to increase through online retail platforms.
  • The APAC region is expected to lead the market, accounting for 31% of the global market share in 2020.
  • The market is expected to grow at a CAGR of 4.8% during the forecast period.

Sources:

  • Technavio, "Global Paper and Paperboard Container and Packaging Market 2020-2024", September 2020
  • BusinessWire, "Technavio Announces Its Latest Market Research Report on Global Paper and Paperboard Container and Packaging Market 2020-2024", September 2020