North America Paper Packaging Market – Growth & Forecast (2024 – 2032)

Published : 30 Aug 2024
Report Type : Regional

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North America Paper Packaging Market - Size
Study Period
2018 - 2030
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
CAGR
7 %
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Packaging is the process of designing and producing wrapper or container for the product. Raw wood is made up of fibres called cellulose. These cellulose fibres are struck up with a natural glue called lignin. When lignin is removed, the cellulose fibres are separated and reorganised as paper.  Paper packaging is of lightweight and is easily filled or stacked for transportation. Paper-based products are biodegradable and create less damage to the environment compared to others. The benefits related to paper packaging includes eco-friendly, recyclable, reduces waste, less energy consumption and others.

North America Paper Packaging Market Size & Growth:

The North America Paper Packaging Market size is estimated to reach approximately $ XX Billion by the end of 2024 with a CAGR close to X% from $XX Billion in 2018 during the forecast period of 2018-2024. The Key factors that drive the growth of the market include growing consumer awareness towards sustainable materials, raising awareness of ecological issues around the world, due to its cost-effectiveness and environmentally friendly nature, the recyclable capacity of paper and others. Major restraints for the paper packaging market include increased deforestation rate and replacement of plastic packaging for food applications.

Rise in some hypermarkets & supermarkets along with rapidly growing retail sector leading to rising in demand for paper packaging.  Paper packaging not only helps the retail stores to pack the food but also to protect and maintain nutrition values. Nowadays government is also implementing stringent rules and regulations to provide safe packaged products by using sustainable materials

North America Paper Packaging Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
such as biodegradable products.

North America Paper Packaging Market Share:

North America Paper Packaging market was divided by various parameters. By the type, they are divided into the corrugated box, containerboard, boxboard, paperboard, folding boxes, liquid package cartons and others. Among this liquid package, cartons are estimated to have the largest market share attributed to their extensive usage in milk and juice box packaging. Corrugated box is estimated to have fastest market growth owing to their highly durable, recyclable and lightweight properties. Increased usage of corrugated boxes in retail packaging attributed to its progress in design and innovations are estimated to drive the product demand.  By the Grade, they are divided into coated unbleached craft board, folding box board, label paper, white lined chipboard, solid bleached sulfate board, glassine & grease proof and others. Folding boxboard is one of the major segment in paper packaging. Due to their low density and high stiffness properties, folding boxboard segment has the enhanced market growth.

By the application, they are divided into healthcare, food, beverages, personal care, home care, retail, and others. Among these beverages, the segment is estimated to have largest market share owing to the increase in consumption of functional beverages and juices. Technological advancements in food applications such as the implementation of laminated and coated papers will further prevent the leakages and are estimated to increase the market growth. By the Geography, United States is estimated to have the largest market share during the forecast period owing to changing lifestyles of individuals

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North America Paper Packaging Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
coupled with rising demand for flexible packaging in that region.

North America Paper Packaging Market Trends:

  • International Paper Company has launched accent Opaque Digital text and cover displays which is available in a wide variety of cut sizes to accommodate every need.
  • Malta Dairy Products Limited has re-launched its benna brand fresh milk products in pure pack classic cartons with a closure to improve convenience, modernity, and hygiene.

North America Paper Packaging Market Research Reports:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis through industry value chain analysisPorter’s fivePESTLESWOT analysis, and Y-o-Y analysis.

Regional and Global Diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on YearOnYear

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

Identify the latest developments, market shares and strategies that are employed by the major market players, such as

  • Amcor Limited
  • Mondi Group
  • Sappi Limited
  • Rocktenn Company
  • International Paper Company

Along with these companies, there were many other companies considered/cited in the report while analysing the North America Paper Packaging market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.

 

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