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The paper packaging market is expected to reach a value of $715bn by 2032

According to Fact.MR, a provider of market research and competitive intelligence, the global demand for paper packaging materials is projected to grow at a compound annual growth rate (CAGR) of 6 per cent, reaching a value of $715 billion by 2032.

Paper packaging offers a flexible and cost-effective solution for storing, transporting, and preserving various products.

The market for paper packaging materials is being primarily driven by stringent regulations imposed by environmental protection authorities and increasing consumer awareness regarding sustainable packaging options.

Recent advancements in the packaging sector have led to a growing demand for environmentally safe and sustainable packaging materials across various end-use applications.

The demand for affordable packaging alternatives such as bags, pouches, cellulose, and others is on the rise due to the expanding population.

With an increase in the number of consumers purchasing groceries, including frozen and chilled foods, the market is expected to witness high growth.

Packaged food offers convenience, barrier protection against contamination, and portion control, addressing concerns related to food safety.
Sustainable packaging plays a crucial role in safeguarding against chemical contamination and food-borne illnesses while reducing food waste and loss.

Paper packaging holds several advantages over other types of packaging, including its lightweight nature, biodegradability, and recyclability.

Key market participants are boosting their investments in innovative and specialised packaging solutions through increased research and development plans.

The global paper packaging materials market is valued at $400 billion in 2022.

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