Paperboard Packaging Market Sets 273.30 Bn at 4.04% CAGR

Paperboard Packaging Market Research, Consumer Behavior, Demand and Forecast

Analysts project the paperboard packaging industry to expand from USD 183.92 billion in 2024 to USD 273.30 billion by 2034, marking a CAGR of 4.04% through the decade. In 2024, Asia Pacific led the paperboard packaging market, while North America is set to see the highest growth ahead. Recycling materials, food & beverages applications, and solid unbleached board products dominated their respective segments.

Last Updated: 15 April 2025 Category: Others Packaging Insight Code: 5516 Format: PDF / PPT / Excel

The paperboard packaging market is anticipated to grow from USD 191.35 billion in 2025 to USD 273.30 billion by 2034, with a compound annual growth rate (CAGR) of 4.04% during the forecast period from 2025 to 2034. The growing demand for packaged products, the rising e-commerce industry, and ongoing trends are the major factors influencing the demand for the paperboard packaging market. The increasing ecological consciousness among consumers has boosted the market development.

Paperboard Packaging Market Size 2024 - 2034

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Key Takeaways

  • Asia Pacific led the paperboard packaging market with the highest share in 2024.
  • By region, North America is expected to witness the highest CAGR during the forecast period.
  • By material type, the recycling segment dominated the market share 2024.
  • By application type, the food & beverages segment dominated the market share 2024.
  • By product type, the solid unbleached board segment dominated the market.

Key Metrics and Overview

Metric Details
 Market Size in 2024 USD 183.92 Billion
Projected Market Size in 2034 USD 273.30 Billion
CAGR (2025 - 2034) 4.04%
Leading Region Asia Pacific
Market Segmentation By Raw Material, By Product, By Application and By Region
Top Key Players International Paper, Smurfit WestRock, Mondi Group, DS Smith, Packaging Corporation of America, Graphic Packaging International Inc.

Market Overview

The paperboard packaging market plays a significant role in the product packaging industry due to its eco-friendly properties. The rising consumption of packaged food, the expansion of miniature electronics products, and the rising consciousness about the sustainability of the product packaging. The growing online orders of all categories required safety while transporting products over longer distances. These paperboards are considered both durable and eco-friendly options for packaging purposes, which is preferred by all the major market players. Producers are concentrating on innovation in this packaging technique and improving resource efficiency that will fulfil the demand from both sides and help to decrease the usage of plastic to a greater extent.

These packages are used by several markets such as cosmetics, food & beverages, clothing, footwear, and many others. These are the biodegradable and compostable choices for packaging of the products while delivering to consumers. The major market players such as International Paper Company, Crown Cork & Seal Co., Nippon Paper Industries, Packaging Corporation of America, DS Smith, and many others are continuously introducing innovation to this market. 

  • It is widely used as these are eco-friendly options which attract a huge consumer towards this market.
  • The rising e-commerce industries make it necessary for the safe transportation of products.
  • These are versatile options for packaging, and they can be customized easily into various shapes and sizes.
  • These are the cost-effective options for the packaging of products that can protect products from damage as well.
  • The growing demand for sustainable solutions for product packaging has boosted the development of this market.

AI Integration in the Paperboard Packaging

In the paperboard packaging market, there is a huge impact of AI as it is used in evolving the packaging market by optimizing the designs of the packaging boxes and enhancing the efficiency of the production process. By using advanced technology, the market players are enhancing the quality and detecting errors while producing the packages. With the incorporation of machine learning, market demand can easily be predicted by analysing the real-time gathered data, such technologies minimize the wastage of the products.

AI is used to verify the integrity and accuracy of the packaging, such as labels, seals, and dimensions. It optimizes the usage of the materials and sustainability. These advanced technologies help to reduce the cost of production by reducing the labour charges required during the manufacturing process. It analyses the requirements of consumers and assists in adding the details which enhance the demand for these packages in the market.

Market Dynamics

Rise of E-commerce Industry and Eco-friendly Option Drive the Paperboard Packaging Market

The rising appearance of the e-commerce industries has played a crucial role in the development and enlargement of the paperboard packaging market. E-commerce industries extensively use strong packaging for secondary and tertiary packing due to its low charges and lightweight properties. Moreover, growing sustainability issues of plastic resources are convincing the e-commerce sector to exchange plastic packaging with paperboard packaging, which is anticipated to influence the development of the market in the predicted period. Paperboard packaging proposes environmentally friendly safety and visual demand, transforming it into a sustainable option for product demonstration.

Furthermore, the recyclable properties of paperboard packaging influence the paperboard packaging market income. Paperboard packaging is formed of wood pulp, which is an eco-friendly resource and can be recycled easily. Recycling supports in reducing the necessity for solid waste clearance. It has reduced water & energy consumption and other things required to make a packaging box. Recycling paperboard packaging reduces the amount of waste produced during packaging, protecting huge landfill space.

It also causes a lessening in greenhouse gas releases that cause changes to the climate. These aspects cumulatively improve the marketplace for paperboard packaging. Additionally, the rising guidelines on non-recyclable resources in numerous areas have also contributed to the increase in demand for paperboard packaging in various regions. Therefore, recycling is highly influencing the development of this industry as customers are progressively inclined in the direction of using eco-friendly and recycled products. 

Technological Advancement in the Designing of Packaging Enhances the Paperboard Packaging Market Potential 

The incorporation of advanced technology has evolved this market drastically, with the availability of high-quality packaging enhancing the potential of the market. With the rising concern for sustainable packaging among consumers, industries are incorporating advanced technologies for the detection of high-quality materials, which improves the reliability of the industries in this market. To reduce the usage of plastic products, which can harm the environment, there is a huge inclination towards paperboard packaging of products. One of the major factors that boosts the demand for these packages is digital printing, which has evolved this industry with unique customization choices.

The advancement in packaging technology permits cost-efficient branding and enhanced graphics that help companies to stand out in the crowd of several other industries and draw attention towards this type of packaging. This type of advancement has influenced the e-commerce sector and the food & beverage industries with high customer engagement, which is crucial for the development of the market. By adding technological advancement, the major market players introduced paperboard packaging with water resistance and biodegradable properties that improve the protective capacity.

Segmental Insights

Ecological Consciousness: Recyclable Segment Led in 2024

The recyclable paperboard packaging segment dominated the market in 2024 due to the rising concern among people about ecological issues. These are biodegradable, recyclable, and compostable options available in the market for packaging purposes. This segment plays a crucial role in producing eco-friendly packaging for several industries such as cosmetics, food & beverages, clothing, and many others. The growing preference for environmentally friendly packaging has influenced the enhancement in the production of such packaging.

Growing Demand for Packaged Food: Food & Beverages Segment Led in 2024

The food & beverages paperboard packaging segment dominated the market in 2024 due to the growing demand for packaged food products. Packaging of food products to protect them from any damage due to the presence of dust, harmful rays, and various factors. These are mainly preferred by working individuals who spend less time cooking and are conscious towards the ecological impact of plastic packaging. These are considered to be a suitable option for the storage of edible products. The growing culture of parties and the changing lifestyle of people has raised the consumption of several beverages, which has ultimately boosted the demand for paperboard packaging.

Layered Packaging: Solid Unbleached Board (SUB) Led in 2024

The solid unbleached board (SUB) packaging segment dominated the market in 2024 due to the increasing demand for layered packaging. These packages are made up of unbleached chemical pulp, which has two to three layers of coatings. Unbleached chemical pulp is used for making these packages, and also recycled fibre is progressively used for the product packaging.  These are used for manufacturing the packages of toys, detergents, and many other products.

Regional Insights

Paperboard Packaging Market EU, NA, APAC, LA, MEA Share

Rising Globalization: Asia Pacific to Sustain as a Leader

Asia Pacific held the largest share in 2024. This is due to the growing globalization in countries such as India, Japan, China, Thailand, South Korea, and several others. Rapidly rising economy, growing urbanization, and increasing consumption of packaged food products are the major factors behind the rising demand for paperboard packaging in this region. The growing prediction about the growth of the food & beverages industry has influenced the demand for this type of packaging.

Rising Number of End-Users: North America to Grow Rapidly

North America is observed to grow at a notable rate during the forecast period. This is due to the rising number of end-users in this region. With the growing number of users, the production of such packaging also increases, which pushes this market to grow rapidly. The rising infrastructure and increasing urbanization have influenced the growth of the paperboard packaging market. Due to the growing food & beverage, cosmetics, clothing, and many other industries, the consumption of such packaging is higher, which compels market players to bring innovation to the market.

Top Companies in this Paperboard Packaging Market

Paperboard Packaging Market Companies

Latest Announcements by Market Leaders

  • In April 2024, Steve Hallford, product development technologist at Parkside, expressed, “The packaging industry is set to undergo some significant changes in the near future, with consumer preferences evolving rapidly and new legislation – like the EU’s proposed Packaging and Packaging Waste Regulation- set to pass across several key markets having an impact on every industry.”

Recent Development

  • In June 2024, Saica Group announced the launch of a new paper-based product targeted at multipack products for the confectionery, biscuits and chocolate markets.
  • In April 2024, Parkside announced the launch of the Recoflex range of recyclable, paper-based flexible packaging materials, said to offer durability, barrier performance, and heat sealability in several market applications.

Paperboard Packaging Market Segments

By Raw Material 

  • Fresh Source
  • Wood pulp
  • Others
  • Recycled Waste Paper

By Product

  • Boxboard
  • Folding boxboard (FBB)
  • Solid unbleached board (SUB)
  • Solid bleached board (SBB)
  • White lined chipboard (WLC)
  • Containerboard

By Application

  • Food & beverages
  • Non-durable goods
  • Durable goods
  • Medical
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Sweden
    • Denmark
    • Norway
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Thailand
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East and Africa (MEA)
    • South Africa
    • UAE
    • Saudi Arabia
    • Kuwait
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  • Insight Code: 5516
  • No. of Pages: 150
  • Format: PDF/PPT/Excel
  • Last Updated: 15 April 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2023
  • Base Year: 2024
  • Estimated Years: 2025-2034

Meet the Team

Deepa Pandey is a market research expert in packaging with 3+ years of experience, specializing in regulatory compliance, design innovations, sustainable packaging, and delivering insights to enhance safety and efficiency.

Learn more about Deepa Pandey

Aditi Shivarkar, with 14+ years in packaging market research, specializes in food, beverage, and eco-friendly packaging. She ensures accurate, actionable insights, driving Towards Packaging 's excellence in industry trends and sustainability.

Learn more about Aditi Shivarkar

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FAQ's

These are sustainable and low-cost packaging.

No.

Both foldable and rigid.

IBEF, DCMSME.