Paper Packaging Materials Market Companies and their Innovation
The global paper packaging materials market size reached US$ 392.75 billion in 2023 and is projected to hit around US$ 634 billion by 2034, expanding at a CAGR of 4.45% during the forecast period from 2024 to 2034.
Paper Packaging Materials Import Data in the US (Top Consignees by Quantity) (Nov 2021 to Dec 2024)
| Consignee Name |
Quantity |
| CASCADE IMPORT INC |
1790.00 |
| HAIRONG TRADE INC |
841.00 |
| AURA HOME INC |
971.00 |
| AMAX GROUP |
67.00 |
| ARLINGTON PACKAGING RENTAL LIMITED |
100.00 |
| MOMO CRAB HOUSE AND BAKERY |
97.00 |
| NEW JIGU TRADE CORP |
39.00 |
Top Companies in the Paper Packaging Materials Market
- DS Smith PLC (U.K.)
- Georgia-Pacific Corporation (U.S.)
- WestRock Company (U.S.)
- Mondi Group Plc (U.K.)
- Hood Packaging Corporation (U.S.)
- Smurfit Kappa (Ireland)
- Napco National (Saudi Arabia)
- Billerud (Sweden)
- Stora Enso Oyj (Finland)
- Rengo Co. Ltd. (Japan)
Latest Announcement by Industry Leaders
- In April 2024, Pawan Agarwal, president of Indian Paper Manufacturers Association had stated in an interview that the company association will be increasing its capacity to million tone since there is an investment of around ₹25,000 crore in integrating new technology and replacing the old technology to reduce carbon footprint.
- In September 2024, Peter Langsam, MD at Marigold, shared his opinion about their launch and said that the company is motivated to create and innovate recyclable packaging solutions in collaboration with Sonoco. He also mentioned that the company is taking a step forward towards lowering carbon footprint and producing high-quality products.
Recent Developments
- In December 2023, McCormack Family Farms in collaboration with Smurfit Kappa produced water-resisting coating cardboard trays that are resilient to moisture, bio-degradable and a potential solution against plastic bags. The company leans towards sustainable recycled packaging.
- In November 2023, the Dutch Government launched a statement for Notpla, a seaweed-based packaging company, which had launched its product in regulations following the recyclable and plastic-free drive. The government recognized the product as plastic-free as per the EU Single-Use Plastic Drive and the company hopes to replace the plastic packaging units in the Netherlands.
