Growing environmental concerns are expected to boost demand for eco-friendly packaging solutions, boosting the market growth of paper-based packaging. Consumer awareness of sustainable packaging is also contributing to the rise of the paper-based packaging industry. Furthermore, growing governmental rigorous environmental rules will promote the expansion of the paper-based packaging industry. The difficulty of paper packaging to package heavy products, which leads to manufacturers choosing for polymer materials for packaging, is projected to limit the market growth of paper-based packaging. Tight environmental regulations surrounding deforestation caused by the extraction of raw materials for paper manufacturing and the discharge of harsh chemicals during paper manufacture are projected to stymie the expansion of the paper-based packaging industry. Increasing paper output is predicted to be a significant driving factor in the paper-based packaging industry. The incapacity of paper packaging to package is one of its major issues.
According to Coherent Market Insights, Global Paper Packaging Market was valued at US$ 373.7 Billion in 2021 in terms of revenue, exhibiting a CAGR of 4.7% during the forecast period (2022 to 2030).
Leading Companiesin the Paper Packaging Industry:
1. DS Smith PLC
DS Smith Plc provides packaging solutions, paper products, and recycling services worldwide. The company offers transit and transport, consumer, retail and shelf ready, online and e-retail, industrial, hazardous, multi-material, cushioning, and electrostatic discharge packaging products, as well as wrap arounds, trays, and bag-in-boxes; displays and promotional packaging products; corrugated pallets; Sheetfeeding products and Sizzlepak. DS Smith Plc was founded in 1940 and is headquartered in London, the United Kingdom.
2. Georgia-Pacific Corporation
Georgia-Pacific provides high graphic and traditional corrugated packaging solutions to cellulose fluff pulp to bulk bins. The company was founded in 1987, headquartered in Georgia, U.S.
3. Holmen AB
Holmen AB (publ) engages in forest, paperboard, paper, wood products, and renewable energy businesses in Sweden and internationally. The company's Forest segment offers logs and pulpwood; and manages forests. Its Paperboard segment provides paperboards for consumer packaging to brand owners, converters, and wholesalers. Holmen AB (publ) was founded in 1609 and is headquartered in Stockholm, Sweden.
4. Hood Packaging Corporation
Hood Packaging Corporation is a packaging and containers company that provides flexible packaging and manufacturing services. The company was founded in 1978, headquartered in Mississippi U.S.
5. International Paper Company
International Paper Company produces renewable fiber-based packaging and pulp products in North America, Latin America, Europe, and North Africa. It operates through Industrial Packaging and Global Cellulose Fibers segment. The company was founded in 1898 and is headquartered in Memphis, Tennessee. On March 8, 2022, The International Paper have invested nearly US$ 24.15 million in plants of Mortagne (France) and Chalon (France) to adapt their production capacity to growth of the paper sector and to offer even more sustainable packaging to customers. As part of the project, up to 50 new positions will be created in France.
6. MeadWestvaco Corporation
Provider of packaging services to food, beverage, tobacco, beauty, personal care and healthcare industry. The company also provides specialty chemicals to the automotive, infrastructure and energy exploration industries. The company was founded in 2002, headquartered in Richmond, U.S.
7. OJI Holding Corporation
Oji Holdings Corporation, together with its subsidiaries, engages in the pulp and paper business in Japan and internationally. It operates in four segments: Household and Industrial Materials, Functional Materials, Forest Resources and Environment Marketing, and Printing and Communications Media. Oji Holdings Corporation was founded in 1873 and is headquartered in Tokyo, Japan.
8. Smurfit Kappa Group Plc
Smurfit Kappa Group plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in the Americas and Europe. It primarily serves consumer goods, industrial goods, and food and drink sectors. Smurfit Kappa Group plc was founded in 1934 and is headquartered in Dublin, Ireland.
9. Stora Enso Oyj
Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries in Finland and internationally. It operates through Packaging Materials, Packaging Solutions, Biomaterials, Wood Products, Forest, Paper, and Other segments The company was incorporated in 1996 and is headquartered in Helsinki, Finland.
10. The Mayr-Melnhof Group
Mayr-Melnhof Karton AG manufactures and sells a variety of folding cartons for consumer goods packaging. The firm organizes itself into two segments based on the product type. The MM packaging segment, which generates the majority of revenue, sells packaging for consumer goods, which include cigarettes, pharmaceuticals, detergents, personal care products, and luxury products. The MM Board & Paper segment manufactures and markets numerous grades of cartonboard, focusing on coated cartonboard produced predominantly from recycled fibers as well as virgin fiber-based cartonboard. The vast majority of revenue comes from Europe. The company is headquartered in Austria, founded in 1950.
11. Sonoco Products Company
Sonoco Products Company, together with its subsidiaries, designs, develops, manufactures, and sells various engineered and sustainable packaging products in North and South America, Europe, Australia, and Asia. The company operates through two segments: Consumer Packaging and Industrial Paper Packaging. Sonoco Products Company was founded in 1899 and is headquartered in Hartsville, South Carolina.
12. Pratt Industries
Pratt Industries is a manufacturer of sustainable corrugated packaging and display solutions, including tank and container chassis. On Dec 7, 2021 NACPC acquired Pratt Industries. The company was founded in 1948, headquartered in Michigan, U.S.
*Defintion- Paper packaging includes a variety of flexible and rigid paper packaging styles such as paper sacks, corrugated boxes, clamshells, paper bags, paper cartons, carton & folding boxes, cups & trays, and tapes & labels.
