Asia Pacific Paper Packaging Market Size (2024 - 2029)

Asia Pacific Paper Packaging Market Analysis

The Asia Pacific Paper Packaging Market size is estimated at USD 190.55 billion in 2024, and is expected to reach USD 245.48 billion by 2029, growing at a CAGR of 4.98% during the forecast period (2024-2029).

• India and China, among the world's most populous nations, have various end-user industries that rely on paper-based packaging. With countries like China, India, Japan, Hong Kong, and Singapore gravitating towards alternative packaging solutions, the Asia-Pacific region is poised for remarkable growth in the paper and paperboard market. Responding to rising demands, the Chinese government has actively modernized packaging options, positioning China at the forefront of regional consumer goods revenue.
• Over the next decade, India aims to progress its industry towards a more sustainable and smart trajectory. This transition is primarily fueled by policies banning single-use plastics and prioritizing recycling and biodegradation. Such measures give India a distinct chance to pivot its industry towards bio-based and paper-based packaging. This move would support sustainability nd would curtail import costs. Furthermore, it redirects the emphasis on domestic ethylene production, aiming to substitute imported chemicals and polymers, including methyl ethyl ketone, PVC, and ethylene oxide.
• Furthermore, e-commerce has solidified its position as a critical player in the market. Major e-commerce giants, including Amazon, predominantly rely on corrugated board boxes for packaging. In an objective to reduce reliance on single-use plastics, several e-commerce firms are actively transitioning from traditional corrugated boxes and paper bags. This shift is anticipated to drive further growth in the market..
• The rising demand for food packaging is set to drive the market further. Countries in the Asia-Pacific region, notably China, Japan, and India, have seen a surge in online food ordering, which has bolstered the paper packaging market. Paper packaging ensures that online meals and groceries reach their destinations safely.
• Irresponsible deforestation poses a significant threat to the paperboard packaging industry by depleting essential raw materials despite the rising demand for paper packaging. The Union of Concerned Scientists highlighted that "wood products," including paper, contribute to approximately 10% of global deforestation. Furthermore, the production of many paper packaging types is water-intensive. Excessive water usage in this production could negate the environmental advantages of opting for paper over plastic packaging, presenting a challenge to market growth.

Asia Pacific Paper Packaging Industry Segmentation

Paper is frequently used to package products in several end-user industries. There are numerous grades of paperboard packaging. Like folding cartons, paperboard is the most common material used to manufacture containers. In manufacturing, the paperboard requires pulping, bleaching (optional), refining, sheet forming, drying, calendaring, and winding. Paper packaging materials can be efficiently reused and recycled compared to other materials, such as metals and plastics. This is why paper packaging is considered an eco-friendly and economical form of packaging. The study tracks the demand in the paper packaging market through the revenue accrued from the various paper packaging products offered by vendors operating in the market in the region.

The Asia-Pacific Paper and Packaging Market Report is Segmented by Grade (Carton Board {Solid Bleached Sulfate [SBS], Solid Unbleached Sulfate[SUS], Folding Boxboard [FBB], Coated Recycled Board [CRB], and Uncoated Recycled Board [URB]} and Containerboard {White-Top Kraft-Liner, Other Kraft-Liners, White Top Test-Liner, Other Test-Liners, Semi-Chemical Fluting, and Recycled Fluting}), Product Type (Folding Cartons, Corrugated Boxes), End-User Industry (Food, Beverage, Healthcare, Personal Care, Household Care, Electrical Products, and Other End-User Industries), and Country (China, India, Japan, Indonesia, Thailand, Vietnam, Australia and New Zealand, Rest of Asia-Pacific). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.