Paper Void Fill Packaging Market Size (2024 – 2030)

According to the report published by Virtue Market Research in Global Paper Void Fill Packaging Market was valued at USD 1.23 Billion and is projected to reach a market size of USD 1.75 Billion by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 5.2%.

To stop a product from shifting or breaking while in transit, empty areas in a shipping box can be filled with paper materials using a technique called "paper void-fill packaging." Given that the paper is biodegradable and can be customized with various colors, designs, and textures, paper void-fill packaging can also improve the packaging's aesthetic appeal and sustainability. Kraft paper that is thin and may be crumpled or folded to give padding and protection. Paper that is gentle and lightweight and may be used to elegantly wrap or add to fragile goods. paper that has been sliced or shredded with a crimped or waved form to provide air pockets for shock absorption. A hard and robust material that may be used as wraps or sheets is created by sandwiching a fluted layer of paper between two flat layers. Unlike plastic substitutes that may wind up in landfills or the ocean, paper void-fill packaging is biodegradable, recyclable, and compostable. Paper void fills packaging also cuts down on waste since it dispenses the proper quantity of fill. In addition to being less expensive than plastic substitutes, paper void-fill packing may lower transportation costs by thinning the box out and making it smaller. Paper void-fill packaging may be tailored with various hues, patterns, textures, and forms to complement your brand identity and improve the unpacking experience for your customers. Paper void fill packing can secure the goods in place during shipment, cushion shocks, and prevent scratches, dents, or breakage.

Global Paper Void Fill Packaging Market Drivers:

Increasing E-commerce Platforms are booming the growth of the global paper void-fill packaging market:

The way commodities are traded has undergone a revolutionary transformation as a result of modern trade practices. The worldwide void-fill packaging market is anticipated to expand against the background of growing contemporary commerce penetration. The growth of e-commerce sites like Amazon and Flipkart has been a major factor in driving up demand for goods using void-fill packing. Logistics service providers must carefully evaluate product handling to guarantee that goods arrive at their destination without being harmed or having their quality compromised. Solutions for protective packaging are now essential as a result of this. Additionally, the need for affordable packaging solutions is anticipated to fuel the expansion of the worldwide void-fill packaging products market. Void-fill packaging goods are better equipped to save costs and improve ordering process simplification due to their effectiveness in filling up vacant space of any size, leading to higher volume savings on the purchased products.

Biodegradable materials to surge the global paper void fill packaging market:

The usage of recyclable materials is a trend that will continue in the future void-fill packaging product industry. All of these reasons make it unlikely that demand for void-fill packaging goods would decline throughout the projection period. However, several constraints might limit the market's expansion for void-fill packaging solutions. The same causes that drive an increase in the use of alternative protective packaging solutions also fuel the need for void-fill packaging goods. Due to the advent of contemporary trade practices, several protective packaging options, including scuff-resistant packaging, layer pads, foam bags, and fluted paper, among others, have seen greater use. During the projection period, these solutions are projected to pose a significant threat to void-fill packaging goods.

Global Paper Void Fill Packaging Market Challenges:

The expansion of the worldwide paper void-fill packaging market might be constrained by competition from alternative protective packaging solutions:

This style of packing shields the product's surface from abrasion or scratches while in transportation. Typically, it is constructed of glossy, smooth-surfaced coated paper or plastic film. Products that demand a spotless look or have high aesthetic value may be better suited for scuff-resistant packaging. To give stability and separation between layers of goods in a box, they are flat sheets of cardboard or plastic. For objects that are heavy, stacked, or have sharp edges, layer pads can be a better option. These are bags that are stuffed with foam beads or pellets that mold to the contours of the object and offer cushioning and shock absorption. For delicate things, that have an irregular form, or are vibration-sensitive, foam bags can be a better option. A corrugated or waved structure on this kind of paper provides air pockets that act as insulation and protection. Products that need moisture management, are perishable, or are temperature-sensitive may be more suited for fluted paper.

COVID-19 Impact on Global Paper Void fills Packaging Market:

Online shopping and home delivery have grown to be vital services for many customers since the COVID-19 epidemic has driven many individuals to stay at home and avoid direct physical contact. Because of this, there is now more demand for paper void-fill packaging materials including corrugated boxes, paper bags, and tissue paper, which are used to safely and hygienically carry and preserve goods. The need for this kind of packaging has decreased as a result of the COVID-19 pandemic's disruption of the supply chains, customer behavior, and economic activity of several sectors that employ paper void-fill packaging. For instance, lockdowns or trade restrictions may result in decreased production or trade of industrial goods like metals, chemicals, or machinery. Due to decreased discretionary money or shifting priorities, luxury goods like cosmetics, jewelry, or clothing may see decreased consumption or preference. The COVID-19 pandemic may have an impact on consumer and industry preferences for packaging. Customers could choose packaging that is more sanitary, secure, and environmentally friendly, such as paper void-fill packaging that is compostable, recyclable, and biodegradable. Businesses could prefer packaging that is more affordable, lightweight, and adaptable, such as paper void-fill packing that can save shipping costs and reduce the size, weight, and weight of the box.

Global Paper Void Fill Packaging Market Recent developments:

In July 2021: Ten novel paper packaging choices were featured by Packaging Digest, including stretch wrap, air-filled cushioning, wood-fiber trays, and heat-sealable goods. These alternatives demonstrate the creativity, environmental friendliness, and adaptability of paper packaging in a range of applications

PAPER VOID FILL PACKAGING MARKET REPORT COVERAGE:

Global Paper Void Fill Packaging Market Segmentation: By Material

• Kraft paper

• Newsprint paper

• Tissue paper

• Bogus paper

• Corrugated paper

This is the most popular type of paper used for void fill packing since it is strong, long-lasting, and recyclable. For paper void fill packing, this is a lightweight, inexpensive material that provides good cushioning and stress absorption. This soft, delicate material lends a touch of elegance and beauty to paper void fill packaging. For paper void fill packing, this is a hefty and dense material because it has a high level of stability and compression resistance. This material provides excellent insulation and protection, making it a robust and long-lasting choice for paper void-fill packing. Corrugated paper is the market category with the quickest rate of growth in the worldwide paper void-fill packaging market. The development of cutting-edge corrugated goods including self-locking boxes, die-cut boxes, and honeycomb structures, as well as the rising demand for corrugated boxes in the e-commerce and online retail sectors, are what is fueling the growth of this market segment. Kraft paper has the largest material share in the global market for paper void-fill packaging, accounting for more than 40% of the industry's revenue in 2022. The dominance of this market is ascribed to kraft paper's widespread availability, low cost, and adaptability as well as to its favorable environmental characteristics, including biodegradability, recyclability, and composability.

Global Paper Void Fill Packaging Market Segmentation: By Application

• Food and Beverage

• Healthcare

• Cosmetics

• Industrial

• E-commerce

• Others

E-commerce is the application area in the worldwide paper void-fill packaging market that is expanding at the highest rate. Due to the convenience, variety, and affordability, they provide, online shopping and home delivery services are becoming more and more popular throughout the world, which is a major factor in this market segment's growth. Due to lockdowns and other social isolation measures, the COVID-19 pandemic has also increased demand for items used in e-commerce and paper void-fill packing. Food and beverage are the application that commands the largest part of the worldwide paper void-fill packaging market, accounting for more than 30% of the industry's revenue in 2022. The increasing production and consumption of food and beverage items worldwide as a result of population growth, urbanization, income levels, and changing lifestyles are credited with this segment's domination. To guarantee product safety and freshness, the food and beverage sector also needs high-quality and environmentally friendly packaging solutions.

Global Paper Void Fill Packaging Market Segmentation: By Region

• North America

• Europe

• Asia-Pacific

• South America

• Middle East and Africa

The market for void-fill packaging goods is predicted to be led by the North American area, closely followed by the APAC region. The enormous amount of commerce in these areas, together with the expansion of contemporary trade and e-retail practices in the APAC region, are ascribed to this. Particularly growing economies like China and India have been working hard to boost their trade volume, greatly enhancing the region's ability to do business. By the start of the next decade, it is consequently likely that the market for void-fill packaging materials in APAC would surpass that of North America. Over the course of the forecast period, the void-fill packaging products market is anticipated to expand moderately in Western and Eastern Europe, Japan, and other countries. Due to an increase in trade volume, the void-fill packaging market in Latin America is predicted to rise strongly throughout the projected period.

Key Players:

1. WestRock Inc.

2. International Paper Company Inc.

3. Packaging Corporation of America

4. Amcor Ltd

5. Mondi Group

6. Smurfit Kappa Group

7. DS Smith PLC

8. Holmen

9. Pregis

10. Antalis