Paper & Paperboard Packaging Market worth $254.5 billion by 2026 – Exclusive Report by MarketsandMarkets™

According to the new market research report “Paper & Paperboard Packaging Market by Grade (SBS, CUK, FBB, WLC, Glassine & Greaseproof Paper, Label Paper), Type (Corrugated Box, Boxboard, Flexible Paper) Application (Food, Beverage, Healthcare, Personal & Homecare), & Region – Global Forecast to 2026″, published by MarketsandMarkets, the market is estimated grow from USD 199.8 billion in 2021 and is projected to reach USD 254.5 billion by 2026, at a CAGR of 5.0% during the forecast period. The global market is primarily driven by increasing environmental issues of landfills and degradation of packaging material. A shift has been seen from plastic to more usage of paper & paperboard in the packaging industry. The rising demand for sustainable and recycled packaging for food, healthcare, and personal & homecare applications will further drive the paper & paperboard packaging market.