North America Paper Packaging Market By End-User Vertical (Food, Beverage, Health Care, Personal Care, Household Care, Electrical Products), By Product Type (Folding Cartons, Corrugated Boxes), And Region for 2024-2031
Report ID: 462039|No. of Pages: 202
North America Paper Packaging Market By End-User Vertical (Food, Beverage, Health Care, Personal Care, Household Care, Electrical Products), By Product Type (Folding Cartons, Corrugated Boxes), And Region for 2024-2031
North America Paper Packaging Market Valuation – 2024-2031
The growing emphasis on sustainable packaging solutions combined with increasing demand from various end-user industries is driving the growth of the North America Paper Packaging Market. As industries such as food and beverage, healthcare, and e-commerce increasingly adopt eco-friendly packaging options, paper-based packaging is emerging as a preferred choice due to its recyclability and biodegradability. This trend is expected to propel the market’s valuation from USD 115.65 Billion in 2023 to approximately USD 155.67 Billion by 2031.
Paper packaging provides a versatile, durable, and environmentally friendly alternative for protecting and delivering products across diverse sectors. Additionally, advances in packaging technology and customization capabilities make paper packaging an attractive option for brands focused on enhancing product presentation and sustainability. These factors are anticipated to drive market growth at a CAGR of 4.0% from 2024 to 2031.
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North America Paper Packaging Market: Definition/ Overview
Paper packaging refers to the use of paper-based materials for packaging goods and products. It includes a wide range of products such as folding cartons, corrugated boxes, paper bags, and other types of paper-based containers. These materials are derived from natural, renewable resources, making them highly sustainable and recyclable. The market includes both rigid and flexible packaging options and is widely used across various industries for its eco-friendly attributes and versatility. Paper packaging has become an essential part of modern product packaging providing solutions for food, beverage, healthcare, personal care, and consumer goods industries.
It is preferred for its biodegradability, lightweight nature, and ability to be recycled or reused. The future of paper packaging in North America is closely linked to advancements in sustainable materials, innovations in packaging designs, and shifting consumer preferences toward eco-conscious products. As environmental regulations become stricter and consumers demand more sustainable packaging solutions, the industry is expected to see continued growth. The market will also benefit from the rise of e-commerce, which is driving demand for paper-based packaging materials that are both functional and sustainable.
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Will the Rising Demand for Sustainable Packaging Drive the North America Paper Packaging Market?
The North America Paper Packaging Market is expanding rapidly driven by the growing demand for sustainable packaging solutions across industries. Consumers and businesses are increasingly prioritizing eco-friendly and recyclable packaging materials to minimize environmental impact. With rising awareness about plastic pollution and its adverse effects on the environment, paper packaging has emerged as a popular alternative due to its biodegradable and recyclable nature.
According to a report by the American Forest & Paper Association, over 90% of paper products in the U.S. are recycled, making it a key component in promoting sustainability. The shift toward paper packaging is particularly evident in sectors such as food and beverage, e-commerce, and personal care, where companies are adopting paper-based materials to meet consumer preferences for environmentally responsible packaging. The growing pressure from governments to reduce single-use plastics, along with consumer demand for greener packaging is expected to continue driving market growth in the coming years.
Will the High Production Costs and Limited Durability of Paper Packaging Restrain Market Growth?
Despite the positive outlook, the North American paper packaging market faces certain restraints, particularly related to production costs and durability concerns. The cost of producing paper packaging can be higher than plastic alternatives, especially when considering factors such as raw material costs, processing, and transportation. Additionally, paper packaging may not always offer the same level of protection as plastic, particularly for certain products like liquids or perishable items.
While advancements in technology and the use of coatings are improving paper packaging’s durability, it still struggles with certain limitations such as moisture resistance and the ability to preserve product freshness. As the demand for paper packaging increases, manufacturers will need to balance the higher production costs and durability challenges while continuing to innovate in sustainable and functional packaging solutions. These factors may slightly hinder the growth of the market, although the overall trend toward sustainability is expected to outweigh these challenges in the long run.
Category-Wise Acumens
How does the Growing Demand for Sustainable Packaging in the Food and Beverage Sector Influence the North America Paper Packaging Market?
The food and beverage sector is one of the key drivers of growth in the North American paper packaging market, largely due to the increasing consumer demand for sustainable and eco-friendly packaging options. With the rising environmental concerns over plastic waste, consumers are prioritizing products packaged in recyclable and biodegradable materials. Paper packaging which offers both sustainability and functionality is rapidly replacing plastic in this sector.
Food and beverage companies are adopting paper-based solutions to meet not only regulatory requirements but also to align with consumer expectations for more environmentally responsible packaging. This shift toward sustainable paper packaging is expected to continue providing a significant boost to the North American paper packaging market. Additionally, as governments and organizations implement stricter regulations on plastic use, businesses in this sector are compelled to adopt greener alternatives. This trend will propel the demand for paper-based packaging solutions, ensuring continued growth in the market.
How do Corrugated Boxes Contribute to the North America Paper Packaging Market Particularly in the Growing E-Commerce Industry?
Corrugated boxes are a major product type in the North American paper packaging market, owing to their strength, durability, and versatility, particularly in the booming e-commerce sector. As online shopping continues to rise, businesses require reliable packaging solutions to ensure that products arrive safely at their destinations. Corrugated boxes are ideal for this purpose providing sturdy protection against damage during transportation.
The e-commerce industry relies heavily on corrugated packaging due to its ability to securely transport a wide range of products from food and beverages to electronics. Additionally, the environmental impact of packaging is becoming a major consideration for consumers, further driving the demand for sustainable, recyclable corrugated boxes.
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Country/Region-wise Acumens
Will a Dominant City like New York Drive the North American Paper Packaging Market?
New York, as one of the largest financial and commercial centers in North America, plays a substantial role in driving the growth of the paper packaging market. The city is home to countless retail and e-commerce businesses many of which prioritize sustainable packaging to align with consumer expectations and regulatory requirements. With heightened environmental awareness, businesses in New York are increasingly adopting paper packaging as an eco-friendly alternative to plastic.
Additionally, the city’s large population and extensive distribution networks increase the demand for packaging solutions that are both functional and sustainable. This dynamic business environment and the strong focus on sustainability make New York a dominant force in the North American paper packaging market.
Will a Growing City like Austin Fuel the Expansion of the North American Paper Packaging Market?
Austin, Texas a rapidly growing tech and business hub is emerging as a significant contributor to the North American paper packaging market. Known for its vibrant tech scene and the presence of numerous startups, Austin is home to businesses that prioritize sustainable practices, including the use of recyclable and biodegradable paper packaging. The city’s growing population and business-friendly environment are driving demand for packaging solutions that are not only cost-effective but also environmentally conscious. As more companies in Austin embrace green initiatives, the demand for paper packaging is expected to rise supporting the overall growth of the North American paper packaging market.
Competitive Landscape
The North America Paper Packaging Market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support. The organizations are focusing on innovating their product line to serve the vast population in diverse regions.
Some of the prominent players operating in the North America Paper Packaging Market include:
International Paper, WestRock, Packaging Corporation of America, Cascades Inc, Canadian Paper and Packaging Co. Ltd.
Latest Developments
- In February 2023, International Paper announced the expansion of its sustainable packaging portfolio, with a focus on producing fiber-based solutions for e-commerce and food packaging. This initiative aligns with the company’s commitment to reducing its environmental footprint by expanding its range of renewable, recyclable, and compostable products.
- In March 2023, WestRock introduced a new line of corrugated packaging solutions designed to meet growing demand from online retailers. This product line focuses on durability and sustainability, utilizing recyclable materials and innovative designs that reduce packaging waste and improve efficiency in the supply chain.
Report Scope
| Report Attributes | Details |
|---|---|
| Study Period | 2018-2031 |
| Growth Rate | CAGR of ~4.0% from 2024 to 2031 |
| Base Year for Valuation | 2023 |
| Historical Period | 2018-2022 |
| Forecast Period | 2024-2031 |
| Quantitative Units | Value in USD Billion |
| Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Players |
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| Customization | Report customization along with purchase available upon request |
North America Paper Packaging Market, By Category
End-User Vertical:
- Food
- Beverage
- Health Care
- Personal Care
- Household Care
- Electrical Product
Product Type:
- Folding Cartons
- Corrugated Boxes
- Other Types
Region:
- North America
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
1 INTRODUCTION OF NORTH AMERICA PAPER PACKAGING MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 NORTH AMERICA PAPER PACKAGING MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 NORTH AMERICA PAPER PACKAGING MARKET, BY END-USER VERTICAL
5.1 Overview
5.2 Food
5.3 Beverage
5.4 Health Care
5.5 Personal Care
5.6 Household Care
5.7 Electrical Product
6 NORTH AMERICA PAPER PACKAGING MARKET, BY PRODUCT TYPE
6.1 Overview
6.2 Folding Cartons
6.3 Corrugated Boxes
6.4 Other Types
7 NORTH AMERICA PAPER PACKAGING MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
8 NORTH AMERICA PAPER PACKAGING MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies
9 COMPANY PROFILES
9.1 International Paper
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments
9.2 WestRock
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments
9.3 Packaging Corporation of America
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments
9.4 Cascades Inc
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments
9.5 Canadian Paper and Packaging Co. Ltd.
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments
10 APPENDIX
10.1 Related Research
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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| Supplier side |
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| Demand side |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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