According to Fortune Business Insights the global paper packaging market was valued at USD 376.53 billion in 2024 and is projected to grow to USD 506.59 billion by 2032. It is expected to rise from USD 392.28 billion in 2025, registering a compound annual growth rate (CAGR) of 3.72% during the forecast period. Paper packaging means packaging which utilizes paper and boards. The market expansion can be ascribed to the recyclable nature of paper and paperboard. Tons of waste generated from packaging can be saved by recycling paper packaging, thus saving substantial landfill space.
Fortune Business Insights™ provides this information in its research report, titled “Paper Packaging Market, 2025-2032”.
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Segmentation:
Presence of Corrugated Board in Different Coatings to Impel Segment Growth
Based on material, the market is classified into kraft paper, corrugated board, molded pump, specialty paper, and others. The corrugated board segment registers the largest share in the market. The corrugated board is available in different coatings, flame-resistant features, weights, and types. This factor is spurring the corrugated board segment growth.
Lightweight Attribute of Packaging Solutions to Boost the Corrugated Boxes Segment Expansion
In terms of packaging type, the market is segregated into folding cartons, wraps, corrugated boxes, bags & sacks, cups & trays, and others. The corrugated boxes segment accounts for the largest paper packaging market share. The sustainability of packaging solutions and their lightweight nature aid in minimizing the shipping cost. This factor is fueling the corrugated boxes segment growth.
Technological Advancements in Food & Beverage Packaging to Proliferate the Segment Growth
With respect to end-use industry, the market is classified into home care, e-commerce, automotive & industrial, food & beverage, healthcare, electrical & electronic, personal care & cosmetic, and others. The food & beverage segment accounts for the largest share. The technological development in food & beverage packaging, such as coated paper and wraps, which aid in the prevention of leakage, is fueling the segment expansion.
List of Key Players Mentioned in the Report: