North America Paper Packaging Materials Market

North America Paper Packaging Materials Market Size (2024 To 2029)

North America Paper Packaging Materials Market is expected to be worth USD141.59 Billion to achieve USD 166.83 billion by 2029, to grow at a CAGR of 3.3%. Paper packaging's primary and secondary role is to offer immediate and secondary packaging to products for safe transit. Kraft paper, greaseproof paper, and parchment paper are examples of paper used in flexible packaging. Due to the rising population and increased demand for low-cost packaging solutions, flexible packaging materials are in high order. Bags, envelopes, pouches, cellulose, and aluminum foils are examples of flexible packaging. This industry is predicted to overgrow due to the rising demand for flexible paper-based packaging.

Growing environmental concerns about the use of plastic in packaging applications have led to a shift in customer preference toward paper-based alternatives. Stringent restrictions and standards imposed by governments and agencies to protect the environment and encourage recyclable paper-based choices will significantly impact the industry. Over the projection period, paper recycling technologies and R&D initiatives to generate improved goods are expected to provide abundant opportunities for industry participants. With the easy availability of environmentally friendly and cost-effective paper, market demand is increasing. Paper packaging items include paper, lumber, pulp, and other forest recycled products used to make paper packaging. The rising need for low-cost packaging alternatives such as bags, pouches, cellulose, and others is projected to drive the paper packaging material market. Another factor influencing favorable growth in the anticipated 2020 to 2026 is increased environmental awareness. In addition, retail packaging advancements such as novel designs add attractive aesthetics to the product, which proves to be a significant point of purchase, resulting in the expansion and growth of the paper packaging materials market.

The paper packaging material sector is subject to several environmental restrictions. Such a regulatory regime is expected to stifle growth and expansion.

This Research Report on North America Paper Packaging Materials Market is segmented and sub segmented into following categories:

North America Paper Packaging Materials Market - By Product:

• Corrugated boxes
• Liquid packaging cartons
• Cartons & Folding boxes

The market is segmented into corrugated boxes, liquid packaging cartons, cartons, and folding boxes. The liquid packing cartons category has grown into a significant section, accounting for a substantial portion of overall revenue. The market is projected to gain traction as unique retail packaging improves. Retail packaging innovations, such as unique designs, are launched to benefit the cardboard cases product category. Over the projected period, cartons, folding packages, and corrugated products are anticipated to benefit market share. Their usage distinguishes different items. Liquid cartons are utilized in a variety of sectors, including beverages. During the transportation, corrugated cases are employed. Smaller items, like gadgets, commodities, and beauty products, are packaged in cartons and folding containers. Corrugated containers are becoming increasingly popular among package designers as durability has become a critical consideration throughout the supply chain. Because these goods are easily recyclable, they are popular among pulp paper makers. Furthermore, the growing popularity of online shopping in the United States is likely to drive growth in the market.

North America Paper Packaging Materials Market - By Application:

• Fast food
• Beverage
• Dairy and bakery
• Fresh food
• Frozen food

The market is segmented into fast food, beverage, dairy and bakery, fresh food, and frozen food. The beverage category is the dominating application, makes up a majority of overall revenue, and is likely to maintain its growth throughout the forecast period. The class is benefiting from growing demands for food supplements, a diverse product selection, and easy stock availability. In addition, the growth of natural beverage businesses in North America helps to expand the paper packaging material market. The frozen food applications category is predicted to increase significantly in the coming years, attributed to the growing development of the frozen food and fast-food sectors. Over the forecast timeframe, the industry is expected to benefit from significant growth for convenience foods such as frozen foods and fast foods. Such market demands could be attributable to increasing purchasing power, improved living standards, and population growth. Furthermore, because of advancements in paper packaging materials and marketing strategies, the fast-food industry will likely overgrow over the forthcoming years.

North America Paper Packaging Materials Market - By Region:

• U.S.
• Canada
• Rest of North America

North America dominates the Paper Packaging Materials Market, representing approximately 40% in 2019. This is primarily due to increased customer desire for packaged and ready-to-eat foodstuffs and shifting lifestyle and lifestyle. As per the Food And agricultural organization, over 40 million tonnes of paper wrapping have been used in manufacturing, with an 81 percent rise in 2018. As a result, the need for paper packaging products in this area is expanding. North America contributes to a sizable portion of the market because of the high demand for attractive packaging materials for consumer products in the region. Furthermore, the North American packaging industry's position in the global packaging market is supporting growth in Paper Packaging Materials. Likewise, the vast chain of fast-food businesses and many other FMCG sectors in countries including the United States and Canada is functioning as a stimulus for the growth of the North American paper packaging materials market.

KEY MARKET PLAYERS:

Key market players of Crown Holdings, Graphic Packaging, Amcor, Berry Plastics, Sealed Air, Ball Corporation, Owens-Illinois, Bemis, International Paper

• Reynolds Group
• Stora Enso

RECENT HAPPENINGS IN THE MARKET:

1. In April 2019, DS Smith Plc announced the sale of two packaging companies to International Paper, based in the United States (I.P.).
2. Smurfit Kappa acquired the Wildlife Fund Colombia on August 18, 2020, intending to improve forest conservation and expand the use of recycled paper.