The Global Paper and Packaging Market is Anticipated to Witness High Growth Owing to Increasing Demand for Sustainable Packaging Materials
Paper and Packaging Market Market Overview The global Paper and Packaging Market comprises paper, paperboard, corrugated, and various forms of packaging made from these materials. Paper has excellent printability and is widely used for various packaging applications including cartonboard boxes, bags, and pouches. Paper offers sustainability as it is recyclable and biodegradable. The demand for paper and paper-based packaging has been increasing from industries such as food, beverages, pharmaceuticals, cosmetics, electronics among others. The ease of customization, low cost, various grades availability as per application requirements along with sustainability appeals make paper and paper-based packaging highly preferred. The Global Paper and Packaging Market is estimated to be valued at US$ 454.5 Mn in 2024 and is expected to exhibit a CAGR of 6.1% over the forecast period 2024 to 2030. Key Takeaways Key players operating in the Paper and Packaging Market are Dell Technologies In