Fiber Based Packaging Market By Material (Paperboard, Corrugated Fiberboard, Molded Fiber, Kraft Paper, Recycled Paper), By Type (Rigid Packaging, Flexible Packaging), By End-User Industry (Food and Beverages, Personal Care and Cosmetics, Healthcare, E-commerce and Retail, Consumer Electronics), and By Region; Global Insights & Forecast (2024 – 2030)

Published: December, 2024  
|   Report ID: PK5601  
|   Packaging

As per Intent Market Research, the Fiber Based Packaging Market was valued at USD 10.2 billion in 2023 and will surpass USD 15.9 billion by 2030; growing at a CAGR of 6.5% during 2024 - 2030.

The fiber-based packaging market is a rapidly growing segment within the packaging industry, driven by the increasing demand for sustainable, eco-friendly packaging solutions. As consumers and businesses alike become more conscious of environmental impacts, fiber-based packaging materials such as paperboard, corrugated fiberboard, and recycled paper are gaining popularity for their biodegradability and recyclability. This shift is not only in response to consumer demand but also in anticipation of stricter environmental regulations aimed at reducing plastic waste and carbon footprints.

Fiber-based packaging is widely used across industries, offering a wide range of benefits such as lightweight properties, durability, and the ability to be easily molded into various shapes. The rise of e-commerce has significantly bolstered the demand for fiber-based packaging due to its versatility in protecting goods during transit. With increasing awareness about the environmental impact of plastic packaging, many companies are opting for fiber-based alternatives as part of their sustainability strategies. The market is expected to see sustained growth as innovations in material science make fiber-based packaging even more functional and cost-effective.

Paperboard Is Largest Material Type Due to Versatility and Strength

Among the various materials used in fiber-based packaging, paperboard holds the largest market share, driven by its versatility and strength. Paperboard is commonly used for packaging consumer goods, food products, and healthcare items due to its ability to be easily printed, folded, and shaped into various packaging forms. Its superior strength makes it ideal for both rigid and flexible packaging applications, and it is highly valued for its recyclability, aligning with the global push toward sustainable packaging solutions.

The widespread adoption of paperboard in industries such as food and beverages, consumer electronics, and personal care has helped solidify its position as the largest material in the fiber-based packaging market. Additionally, paperboard is readily available, cost-effective, and able to meet stringent regulatory requirements, making it a popular choice for manufacturers and brands aiming to enhance their environmental credentials while maintaining the integrity of their products. As the demand for eco-friendly packaging increases, paperboard’s dominance in the fiber-based packaging market is expected to continue.

Food and Beverages Industry Is Largest End-User Due to Growing Demand for Sustainable Packaging

The food and beverages industry is the largest end-user of fiber-based packaging, driven by the increasing preference for sustainable packaging solutions. As consumers become more environmentally conscious, the demand for fiber-based alternatives to plastic packaging has surged, particularly in the food and beverages sector. Fiber-based packaging materials such as paperboard and corrugated fiberboard are widely used for packaging products like ready-to-eat meals, snacks, beverages, and frozen foods due to their ability to maintain food safety, freshness, and shelf-life.

The shift toward sustainable and recyclable packaging in the food and beverages industry is also influenced by regulatory pressures and the desire to reduce the environmental impact of packaging. As brands and retailers seek to reduce plastic use, fiber-based packaging provides an ideal solution by offering an eco-friendly alternative that still meets the functional requirements of food packaging. This trend is expected to continue, with the food and beverages industry remaining the largest consumer of fiber-based packaging solutions.

Flexible Packaging Is Fastest Growing Type Due to Consumer Convenience and Sustainability

Flexible packaging is the fastest-growing type in the fiber-based packaging market, driven by its ability to offer convenience, lightweight properties, and cost-effectiveness. Flexible packaging solutions, such as pouches, bags, and wraps, are increasingly used in industries like food and beverages, personal care, and consumer electronics due to their ability to preserve products while reducing packaging weight and waste. Fiber-based flexible packaging also provides an opportunity for brands to showcase sustainability efforts, as it can be made from renewable materials and is often recyclable or biodegradable.

The increasing demand for convenient and portable packaging, particularly in the food and beverages sector, has contributed to the rapid growth of flexible fiber-based packaging. As consumers continue to prioritize eco-friendly packaging choices, flexible packaging offers a compelling solution that combines sustainability with practicality. The ongoing growth of e-commerce, where products require efficient packaging that is both protective and sustainable, further drives the expansion of the flexible packaging segment.

E-commerce and Retail Industry Is Fastest Growing End-User Due to Surge in Online Shopping

The e-commerce and retail industry is the fastest-growing end-user in the fiber-based packaging market, spurred by the rapid expansion of online shopping and demand for sustainable packaging solutions. As e-commerce continues to grow globally, the need for packaging that is both lightweight and durable has escalated. Fiber-based packaging materials such as corrugated fiberboard and molded fiber are increasingly used to package products for shipment, offering protection during transit while minimizing environmental impact.

The surge in online shopping, particularly for products like electronics, clothing, and personal care, has driven demand for packaging solutions that are not only functional but also align with sustainability goals. Fiber-based packaging provides a cost-effective, recyclable, and biodegradable option that meets the needs of both retailers and consumers. As the e-commerce industry continues to expand, fiber-based packaging solutions are expected to experience rapid growth, making the e-commerce and retail industry the fastest-growing end-user segment.

North America Is Largest Region Due to Regulatory Pressure and Consumer Demand for Sustainability

North America is the largest region in the fiber-based packaging market, driven by regulatory pressure and increasing consumer demand for sustainable packaging solutions. In the United States and Canada, growing concerns about the environmental impact of plastic waste have prompted both consumers and businesses to embrace more eco-friendly packaging alternatives. Many companies in North America are adopting fiber-based packaging to meet the growing demand for sustainable products and comply with regulations aimed at reducing plastic use and promoting recycling.

The North American market is also characterized by a high level of innovation in packaging technologies, with companies continually developing new fiber-based materials and packaging solutions that offer improved functionality and sustainability. As a result, North America is expected to remain the largest market for fiber-based packaging, with continued growth driven by evolving consumer preferences and a supportive regulatory environment.

Competitive Landscape and Leading Companies

The fiber-based packaging market is highly competitive, with several key players leading the industry in terms of market share, technological innovation, and sustainability initiatives. Companies like WestRock, Smurfit Kappa, and International Paper dominate the market, offering a wide range of fiber-based packaging products tailored to different industries. These companies are focused on advancing their product portfolios through innovations in material science, improving the recyclability and strength of fiber-based packaging solutions, and expanding their global reach.

Smaller players also contribute to the market by providing niche products and customized packaging solutions, often focusing on sustainability and eco-friendly materials. As sustainability becomes an increasingly important factor in consumer purchasing decisions, leading companies are investing heavily in research and development to enhance the environmental benefits of their packaging solutions. The competitive landscape is expected to remain dynamic, with companies focusing on product innovation, sustainability, and strategic partnerships to gain a competitive edge in the growing fiber-based packaging market.

Recent Developments:

  • In December 2024, International Paper announced the launch of a new line of eco-friendly corrugated packaging aimed at the growing e-commerce market.
  • In November 2024, Smurfit Kappa Group expanded its production capabilities in Europe to meet the rising demand for sustainable fiber-based packaging.
  • In October 2024, Mondi Group unveiled a new biodegradable fiber-based food packaging solution designed to replace plastic in fast-food chains.
  • In September 2024, Georgia-Pacific introduced a new recycled paper-based packaging line for the personal care industry, focused on reducing waste.
  • In August 2024, WestRock Company formed a partnership with a major electronics manufacturer to develop custom fiber-based packaging solutions for consumer electronics.

List of Leading Companies:

  • International Paper
  • Smurfit Kappa Group
  • DS Smith
  • Mondi Group
  • WestRock Company
  • Stora Enso
  • Georgia-Pacific
  • Packaging Corporation of America
  • Sonoco Products Company
  • Oji Holdings Corporation
  • Sappi Lanaken Mill
  • Clearwater Paper Corporation
  • Nippon Paper Industries Co., Ltd.
  • UPM-Kymmene Corporation
  • Graphic Packaging International

Report Scope:

Report Features

Description

Market Size (2023)

USD 10.2 billion

Forecasted Value (2030)

USD 15.9 billion

CAGR (2024 – 2030)

6.5%

Base Year for Estimation

2023

Historic Year

2022

Forecast Period

2024 – 2030

Report Coverage

Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments

Segments Covered

Fiber Based Packaging Market By Material (Paperboard, Corrugated Fiberboard, Molded Fiber, Kraft Paper, Recycled Paper), By Type (Rigid Packaging, Flexible Packaging), By End-User Industry (Food and Beverages, Personal Care and Cosmetics, Healthcare, E-commerce and Retail, Consumer Electronics)

Regional Analysis

North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Australia, India, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, and Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)

Major Companies

International Paper, Smurfit Kappa Group, DS Smith, Mondi Group, WestRock Company, Stora Enso, Georgia-Pacific, Packaging Corporation of America, Sonoco Products Company, Oji Holdings Corporation, Sappi Lanaken Mill, Clearwater Paper Corporation, Nippon Paper Industries Co., Ltd., UPM-Kymmene Corporation, Graphic Packaging International

Customization Scope

Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements

1. Introduction

   1.1. Market Definition

   1.2. Scope of the Study

   1.3. Research Assumptions

   1.4. Study Limitations

2. Research Methodology

   2.1. Research Approach

      2.1.1. Top-Down Method

      2.1.2. Bottom-Up Method

      2.1.3. Factor Impact Analysis

  2.2. Insights & Data Collection Process

      2.2.1. Secondary Research

      2.2.2. Primary Research

   2.3. Data Mining Process

      2.3.1. Data Analysis

      2.3.2. Data Validation and Revalidation

      2.3.3. Data Triangulation

3. Executive Summary

   3.1. Major Markets & Segments

   3.2. Highest Growing Regions and Respective Countries

   3.3. Impact of Growth Drivers & Inhibitors

   3.4. Regulatory Overview by Country

4. Fiber Based Packaging Market, by Material (Market Size & Forecast: USD Million, 2022 – 2030)

   4.1. Paperboard

   4.2. Corrugated Fiberboard

   4.3. Molded Fiber

   4.4. Kraft Paper

   4.5. Recycled Paper

5. Fiber Based Packaging Market, by Type (Market Size & Forecast: USD Million, 2022 – 2030)

   5.1. Rigid Packaging

   5.2. Flexible Packaging

6. Fiber Based Packaging Market, by End-User Industry (Market Size & Forecast: USD Million, 2022 – 2030)

   6.1. Food and Beverages

   6.2. Personal Care and Cosmetics

   6.3. Healthcare

   6.4. E-commerce and Retail

   6.5. Consumer Electronics

   6.6. Others

7. Regional Analysis (Market Size & Forecast: USD Million, 2022 – 2030)

   7.1. Regional Overview

   7.2. North America

      7.2.1. Regional Trends & Growth Drivers

      7.2.2. Barriers & Challenges

      7.2.3. Opportunities

      7.2.4. Factor Impact Analysis

      7.2.5. Technology Trends

      7.2.6. North America Fiber Based Packaging Market, by Material

      7.2.7. North America Fiber Based Packaging Market, by Type

      7.2.8. North America Fiber Based Packaging Market, by End-User Industry

      7.2.9. By Country

         7.2.9.1. US

               7.2.9.1.1. US Fiber Based Packaging Market, by Material

               7.2.9.1.2. US Fiber Based Packaging Market, by Type

               7.2.9.1.3. US Fiber Based Packaging Market, by End-User Industry

         7.2.9.2. Canada

         7.2.9.3. Mexico

    *Similar segmentation will be provided for each region and country

   7.3. Europe

   7.4. Asia-Pacific

   7.5. Latin America

   7.6. Middle East & Africa

8. Competitive Landscape

   8.1. Overview of the Key Players

   8.2. Competitive Ecosystem

      8.2.1. Level of Fragmentation

      8.2.2. Market Consolidation

      8.2.3. Product Innovation

   8.3. Company Share Analysis

   8.4. Company Benchmarking Matrix

      8.4.1. Strategic Overview

      8.4.2. Product Innovations

   8.5. Start-up Ecosystem

   8.6. Strategic Competitive Insights/ Customer Imperatives

   8.7. ESG Matrix/ Sustainability Matrix

   8.8. Manufacturing Network

      8.8.1. Locations

      8.8.2. Supply Chain and Logistics

      8.8.3. Product Flexibility/Customization

      8.8.4. Digital Transformation and Connectivity

      8.8.5. Environmental and Regulatory Compliance

   8.9. Technology Readiness Level Matrix

   8.10. Technology Maturity Curve

   8.11. Buying Criteria

9. Company Profiles

   9.1. International Paper

      9.1.1. Company Overview

      9.1.2. Company Financials

      9.1.3. Product/Service Portfolio

      9.1.4. Recent Developments

      9.1.5. IMR Analysis

    *Similar information will be provided for other companies 

   9.2. Smurfit Kappa Group

   9.3. DS Smith

   9.4. Mondi Group

   9.5. WestRock Company

   9.6. Stora Enso

   9.7. Georgia-Pacific

   9.8. Packaging Corporation of America

   9.9. Sonoco Products Company

   9.10. Oji Holdings Corporation

   9.11. Sappi Lanaken Mill

   9.12. Clearwater Paper Corporation

   9.13. Nippon Paper Industries Co., Ltd.

   9.14. UPM-Kymmene Corporation

   9.15. Graphic Packaging International

10. Appendix

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A comprehensive market research approach was employed to gather and analyze data on the Fiber Based Packaging Market. In the process, the analysis was also done to analyze the parent market and relevant adjacencies to measure the impact of them on the Fiber Based Packaging Market. The research methodoloagy encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.

Research Approach -

Secondary Research

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Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.

Primary Research

Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the E-Waste Management ecosystem. The primary research objectives included:

  • Validating findings and assumptions derived from secondary research
  • Gathering qualitative and quantitative data on market trends, drivers, and challenges
  • Understanding the demand-side dynamics, encompassing end-users, component manufacturers, facility providers, and service providers
  • Assessing the supply-side landscape, including technological advancements and recent developments

Market Size Assessment

A combination of top-down and bottom-up approaches was utilized to analyze the overall size of the Fiber Based Packaging Market. These methods were also employed to assess the size of various subsegments within the market. The market size assessment methodology encompassed the following steps:

  1. Identification of key industry players and relevant revenues through extensive secondary research
  2. Determination of the industry's supply chain and market size, in terms of value, through primary and secondary research processes
  3. Calculation of percentage shares, splits, and breakdowns using secondary sources and verification through primary sources

Bottom Up and Top Down -

Data Triangulation

To ensure the accuracy and reliability of the market size, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size assessment.

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