Paper and Paperboard Packaging Market Share

Table of Contents

Asia Pacific’s Dominance in the Paper and Paperboard Packaging Sector

The Asia Pacific region has emerged as a dominant force in the paper and paperboard packaging sector, spearheaded by powerhouse economies like India and China. This surge in dominance can be attributed to several key factors, including the exponential growth of populations, rising disposable incomes, and a pronounced shift towards packaged goods, particularly in the food industry, as traditional markets evolve towards packaged consumerism.

China: A Global Leader in Packaging

China stands out as a global leader in the packaging sector, boasting a staggering 48% contribution to the packaging market alone. By 2022, the country had solidified its position by producing a remarkable 283.91 million tonnes of pulp, paper, and related materials. This colossal output underscores China’s pivotal role in driving the growth of the paper and packaging industry on a global scale.

India’s Impressive Growth Trajectory

Meanwhile, India is charting an impressive growth trajectory, with a projected growth rate of 8.5% by 2022. The packaging industry in India is experiencing robust expansion, fueled by strong domestic demand, a thriving industrial base, and an increasing market for paper products such as tissue, filters, tea bags, and lightweight online packaging materials. Additionally, the rise of well-organized retail chains is driving the demand for premium packaging solutions in the country.

Challenges in the Newsprint Market

However, amidst this expansion, the newsprint market is witnessing a contrasting trend. Despite a gradual decline in consumption, both newsprint imports and output have plummeted over the past decade. Notably, nearly 70% of India’s newsprint imports originate from Russia and Canada. The recent geopolitical tensions between these countries have further exacerbated supply chain disruptions, leading to increased prices and challenges for the newsprint industry.

Investment and Innovation

Despite these challenges, the Asia Pacific region remains a hotbed of investment and innovation in the paper and paperboard sector.

For instance, in April 2023, Omya announced significant investments in the production of calcium carbonate to cater to the long-term needs of its paper and board sector partners across seven locations in the region. Such investments underscore the region’s commitment to driving growth and sustainability in the packaging industry.

North America’s Consumption Trends

Shifting our focus to North America, the region emerges as the second-largest market for paper and paperboard packaging, characterized by a notable consumption trend. While the global average consumption stands at 55 kg per person annually, North American consumers far exceed this benchmark, showcasing a four-fold increase in consumption. Notably, there has been a significant decline in the use of writing and printing paper in North America, a category that constitutes approximately 25% of global paper usage by volume.

Rising Demand and Market Adaptations

This changing consumption landscape has prompted adaptations within the paper sector to meet evolving consumer preferences. As conventional consumption habits evolve, characterized by reduced reliance on printing and writing paper, the demand for paper and paperboard packaging continues to soar. Market players are innovating to cater to the changing needs of various consumer segments, further fueling the growth of the packaging industry in North America.

The Asia Pacific region, led by powerhouses like China and India, is asserting its dominance in the global paper and paperboard packaging sector. Despite challenges in the newsprint market and shifting consumption patterns in regions like North America, the industry remains resilient, driven by investments, innovation, and a growing demand for packaged goods. As the world evolves, the Asia Pacific region stands poised to continue shaping the future of the packaging industry on a global scale.

About Us

Towards Packaging is a leading global consulting firm specializing in providing comprehensive and strategic research solutions. With a highly skilled and experienced consultant team, we offer a wide range of services designed to empower businesses with valuable insights and actionable recommendations. We stay abreast of the latest industry trends and emerging markets to provide our clients with an unrivalled understanding of their respective sectors. We adhere to rigorous research methodologies, combining primary and secondary research to ensure accuracy and reliability. Our datadriven approach and advanced analytics enable us to unearth actionable insights and make informed recommendations. We are committed to delivering excellence in all our endeavours. Our dedication to quality and continuous improvement has earned us the trust and loyalty of clients worldwide.

Make a smart decision – acquire our study for valuable information: https://www.towardspackaging.com/price/5145

For an engaging revelation of this report – https://www.towardspackaging.com/personalized-scope/5145

Scrutinize More:

Packaging Web Wire

Packaging Web Wire shines as a subsidiary of Towards Packaging, dedicated exclusively to this dynamic sector. With a focus on the intricacies and nuances of packaging, Packaging Web Wire harnesses our consultancy's extensive knowledge and experience to provide specialized research and analysis. Through our platform, businesses gain access to invaluable insights and strategies crafted to address the ever-evolving challenges and opportunities within the packaging landscape. Towards Packaging stands as a leading global consultancy, renowned for its expertise in delivering comprehensive and strategic research solutions across a multitude of industries. With a seasoned team of consultants, we specialize in offering a wide range of services aimed at providing businesses with actionable insights and recommendations tailored to their specific needs and objectives.