The Fiber Based Packaging Market Size is valued at USD 295.3 Bn in 2023 and is predicted to reach USD 340.9 Bn by the year 2031 at an 1.8% CAGR during the forecast period for 2024-2031.
Fiber-based packaging products are made from natural plant and tree fibers, utilizing materials like paper and cardboard. These eco-friendly packaging solutions offer sustainable alternatives to traditional materials, contributing to reduced environmental impact. Because it is considered recyclable and biodegradable, fiber-based packaging has received greater acceptance as a green alternative to plastics for packaging. This category ranges from simple paper bags to more intricate corrugated boxes. It is usually made from virgin pulpwood, recycled paper, or agricultural residues, providing a very versatile solution for industrial applications such as food, cosmetics, and electronics.
High demand for sustainable practices in packages drives the market growth of fiber-based packaging. Consumers opt for eco-friendly packaged products, and heavy regulation in the usage of plastics speeds up this shift. As part of sustainability measures, companies are adopting fiber-based packaging for their products, thus increasing the market soon.
Competitive Landscape
Some of the Key Players in Fiber Based Packaging Market:
- UFP Technologies Inc.
- Bumaga BV
- Oji Fibre Solutions
- WestRock Company
- Ahlstrom Corporation
- Sonoco Products Company
- Pratt Industries Inc.
- KapStone Paper and Packaging Corp.
- Mayr-Melnhof Karton AG
- Rengo Co. Ltd.
- Mondi Group
- AR Packaging Group AB
- BillerudKorsnäs AB
- USA Corrugated Inc.
- ESCO Technologies Inc.
- Brodrene Hartmann A/S
- International Paper Company
- Smurfit Kappa Group PLC
- Georgia-Pacific LLC
- Other Prominent Players
Market Segmentation:
The fiber based packaging market is segmented by material type, material source, vertical. By material type the market is segmented into corrugated, boxboard/cartonboard, molded pulp, kraft paper, by material source market is categorized into virgin fiber, recycled fiber. By vertical market is categorized into corrugated boxes, cartons, partations & inserts, bottles & cup carriers, trays & clamshells, plates & bowls, bags & sacks. Cartons is sub segmented into folding cartons, liquid cartons, hinge lid cartons.
Corrugated Segment is Expected to Drive the Fiber Based Packaging Market
The corrugated segment is the force in the fiber-based packaging market from the increase in e-commerce, sustainability trends, and technological advancements. Online shopping has faced sudden upsurges in its demand, with increased packaging that involves secure methods, representing about 80% of packaging in the entire sector due to its protective quality for shipping. Sustainability would be one of the major drivers, with consumers increasingly getting inclined toward "green" packaging. What's more, most corrugated boxes come from reused materials. And lastly, technological innovation, including high-speed automatic machines, has increased production efficiency, enabled manufacturers to respond to the rising demand, and established the market leadership segment.
Recycled Fiber is Growing at the Highest Rate in the Fiber Based Packaging Market.
Recycled fiber markets are highly important in the fiber-based packaging market due to increasing focus on sustainability, support of regulations, and cost efficiency. It can assist in meeting the customer's demand for greener packaging as recycled fiber reduces the use of virgin materials and cuts down carbon emissions since less energy is required for production. Besides these points, several governments have also put some regulations in place that promote recycling and reducing plastic waste in their states, compelling the manufacturing industries to consider only recycled materials for their production. Apart from the environmental benefits, this recycled fiber may also be less expensive compared with virgin materials, and it is for this reason that companies that are looking into ways of cutting costs as well as remaining sustainable will consider taking in this product.
Regionally, North America Led The Fiber-Based Packaging Market.
North America leads the fiber-based packaging market, driven by a strong manufacturing infrastructure, e-commerce growth, sustainability initiatives, consumer awareness, and technological innovation. The region's robust manufacturing base, particularly in the U.S. and Canada, supports the efficient production of packaging materials like corrugated boxes and moulded pulp products. E-commerce has increased demand for protective, lightweight, and cost-effective packaging while growing sustainability efforts and regulatory measures promote eco-friendly options. Consumer awareness of environmental issues further drives businesses to adopt fiber-based packaging, and advancements in packaging technology enhance production efficiency and quality to meet rising demand.
Fiber Based Packaging Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2022 |
USD 295.3 Bn |
|
Revenue Forecast In 2031 |
USD 340.9 Bn |
|
Growth Rate CAGR |
CAGR of 1.8% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Bn, Volume (Units) and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Material Type, Material Source, Vertical and By Region |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South Korea; Southeast Asia |
|
Competitive Landscape |
UFP Technologies Inc., Bumaga BV, Oji Fibre Solutions, WestRock Company, Ahlstrom Corporation, Sonoco Products Company, Pratt Industries Inc., KapStone Paper and Packaging Corp., Mayr-Melnhof Karton AG, Rengo Co. Ltd., Mondi Group, AR Packaging Group AB, BillerudKorsnäs AB, USA Corrugated Inc., ESCO Technologies Inc., Brodrene Hartmann A/S, International Paper Company, Smurfit Kappa Group PLC, Georgia-Pacific LLC |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Geographic competitive landscape. |
|
Pricing and Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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