The Report Paper Packaging Materials Market by Product (Liquid Packaging Cartons, Corrugated Cases, Cartons & Folding Boxes), by Application ( Beverages, Fast Food, Frozen Food, Diary and Bakery Products) and by Level Of Packaging (Primary Packaging, Secondary Packaging, Tertiary Packaging) The increasing adoption of Paper Packaging Materials Market as a sustainable and high-performance material drives its market growth.

The global Paper Packaging Materials Market is on track to achieve significant growth, with a projected is anticipated to reach US$ 513.77 Bn by 2029 from US$ 375.01 Bn in 2022 at a CAGR of 4.6% during a forecast period.

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Product segment with the quickest growth

With a market value of US$ in 2022 and projected to reach US$ by 2029, the liquid packaging cartons segment led the market by product, with a CAGR of 4.2%. These containers are utilised for applications like beverages since they are lightweight, have a longer shelf life, and are biodegradable.

However, due to their predominant use in the transportation of goods, the sector of corrugated cases held the second-largest market share in 2022. This market's expansion is linked to the rise of retail packaging, including creative designs.

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Beverages, Fast Food, Frozen Food and Diary and Bakery Products segments based on the type of Application in Paper Packaging Materials Market

Beverages, a segment by application, had a market value of US$ in 2022 and is anticipated to reach US$ by 2029, growing at a CAGR of 43% from 2023 to 2029. This is mostly a result of the rise in liquid packaging demand, preference for functional meals, and accessibility. Additionally, it improves beverage preservation, which fuels the segment's expansion. The market for paper packaging materials is expanding as a result of the expansion of the beverage industries in industrialised nations like North America and Europe.

North America region is positioned as a frontrunner in the Paper Packaging Materials Market

In 2022, North America had a 41% market share and was expected to expand at the greatest CAGR between 2023 and 2029. The market is expanding in the area due to consumer preferences for processed goods and fast meals. According to research, 42 million tonnes of paper packaging would be utilised in production in 2022, an increase of around 82% from the previous year. Because of its expanding food sectors, the United States controls the market for paper packaging materials in North America.

Paper Packaging Materials Market Key Players:

1. Koch Industries 2. International Paper Company 3. Holmen AB 4. DS Smith Plc 5. Smurfit Kappa Group Plc 6. Napco National Paper Products Company 7. Billerudkorsnas 8. WestRock Company, 9. Georgia Pacific LLC 10. Pratt Industries 11. DS Smith Packaging Limited 12. Stora Enso Oyj 13. Mondi Group Plc 14. The Mayr-Melnhof Group 15. OJI Holding Corporation

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