Paper Packaging Market size is valued at USD 197.4 billion in 2021 and is expected to grow at a prominent growth rate 3.87% during the forecast period 2022 to 2028. The global market provides a detailed overview of the global Paper Packaging market, and that can be segmented by By Material Type, by Product, By packaging Level, By End-Use. By Material, the global Paper Packaging market has been segmented into Corrugated Board, Carton Board, Kraft Paper, Parchment Paper, Greaseproof Paper, Glassine Paper, and Others. The Kraft Paper in Paper Packaging segment is likely to be the largest and fastest-growing segment in terms of material type. Based on Product type, the global Paper Packaging market is segmented into Liquid Packaging Cartons, Corrugated Box, Carton, and Folding Boxes, Paper Bags & Sacks, Pouches, Envelopes, Wraps, Others. Among these, the Paper Bags & Sacks segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on packaging Level, the global Paper Packaging market is segmented into Primary Packaging, Secondary Packaging, Tertiary Packaging. The Primary Packaging segment accounts for the largest share in 2021. Based on the end-use, the segment has been segregated into Food & Beverages, Healthcare, Personal Care & Homecare, E-Commerce packaging, Others. The Food & Beverages segment is expected to dominate other segments in the global Paper Packaging market and expected to witness the highest CAGR during the forecast period according to precision business insights.
In June 2022, Central National Gottesman Inc. (CNG), manufacturer of pulp, paper and packaging products, announced that its North American Distribution Division has acquired by Lewis Paper International, Inc., a leading distributor of paper, packaging and wide-format products has headquarter in Addison, U.S.
In March 2022, International Paper spent close to US$24.15 million in the Mortagne and Chalon factories in France. In order to increase their production capacity in response to the expansion of the paper industry and provide clients with even more environmentally friendly packaging, Up to 50 new employment will be created in France as part of the initiative.