North America Paper Packaging Market Size (2024 - 2029)

North America Paper Packaging Market Analysis

The North America Paper Packaging Market size is estimated at USD 72.51 billion in 2024, and is expected to reach USD 94.25 billion by 2029, growing at a CAGR of 4.32% during the forecast period (2024-2029).

• Paper packaging stands out as a leading choice among eco-friendly packaging solutions. Its versatility allows it to be produced in various sizes while maintaining a compact footprint, making it an ideal fit for nearly every end-user industry, especially when compared to bulkier alternatives.
• According to the US Census Bureau, in 2024, pulp mills are expected to generate a revenue of USD 6.11 billion. Also, paperboard mills are expected to generate a revenue of USD 34.02 billion, and paper mills are expected to generate a revenue of USD 39.55 billion in the same year. With e-commerce evolving as an increasingly critical element of retail, paper packaging stands to benefit substantially.​
• Moreover, the region emerges as one of the largest markets for corrugated packaging as the area has several foodservices and packaged food companies, including ready-to-eat, convenience, and ready-to-make meals. The high demand for out-of-home food due to busy work-life schedules and convenience is also a key factor driving the market growth. According to the International Franchise Association, the number of quick-service restaurants (QSRs) in the United States is estimated to reach 199,808 units by the end of 2024.
• Consumers are increasingly aware of the environmental risks associated with packaging, leading them to favor more eco-friendly purchasing choices. This shift is further amplified by pressures from consumers, the government, and the media on manufacturers to adopt greener practices in their products, packaging, and processes. Notably, consumers are willing to pay a premium for eco-friendly packaging. As a result of these trends, the paper packaging market is poised for growth.
• However, deforestation poses significant challenges to the paper packaging industry, including supply chain risks, environmental concerns, regulatory pressures, and the need for sustainable innovation. Addressing deforestation requires collaboration among stakeholders, including governments, companies, consumers, and environmental organizations, to promote responsible forest management and sustainable sourcing practices in the paper packaging industry.​

North America Paper Packaging Industry Segmentation

Various end-user industries commonly utilize paper and paperboard for packaging. Paperboard packaging comes in numerous grades, with folding cartons being the most prevalent container made from it. The manufacturing process of paperboard involves several steps, including pulping, optional bleaching, refining, sheet forming, drying, calendaring, and winding. Unlike metals and plastics, paper packaging materials offer ease of reuse and recycling. These characteristics position paper packaging as both an eco-friendly and cost-effective choice.

The North American paper packaging market is segmented by product type (folding cartons, corrugated boxes, and other product types), end-user industry (food, beverage, healthcare, personal care and household care, e-commerce, tobacco, and other end-user industries), and country (the United States and Canada). The report offers market sizes and forecasts in terms of value (USD) for the above-mentioned segments.