Paper-based packaging is a lightweight and cost-efficient packaging solution that provides proper protection to a wide range of products. Containerboard, paperboard, paper bags, and shipping sacks are type of paper-based packaging. Containerboard is produced by using cardboard, paperboard is thick and paper-based packaging bag comes in various grades that possess unique properties that are ideal for packaging of cereals, cosmetic boxes, and medicine. Paper bag is produced by using Kraft paper and available in different shapes and sizes. Shipping sacks are multi-wall paper sacks and mostly used to ship bulk products.
Increasing demand for eco-friendly packaging solutions due to growing environmental concerns is projected to augment the market growth of the paper-based packaging. Growing awareness among consumers regarding sustainable packaging is also contributing to the market growth of paper-based packaging. Moreover, rising governmental strict regulations regarding environmental protection will further favor the market growth of paper-based packaging.
Rising production of paper is expected to serve as a major driving factor for the market of the paper-based packaging. According to the International Energy Agency in November 2021, paper and paperboard production is expected to expand 1.5% annually to 2030, and demand is expected to continue rising to 2030, driven by a growing population and economic growth. Thus, growth in paper production will favor the market growth of paper-based packaging.
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