The document provides an analysis of the US paper and packaging industry. It finds that the global packaging market was valued at $400 billion in 2012, with paper and board accounting for 34% of the market. In the US, the paper and packaging industry was valued at $115 billion in 2012, with paper and board making up 73% of the market. It also examines trends in the industry such as increased regulation and demand for sustainable packaging. Paper packaging is expected to remain the most popular packaging type due to innovations in products and technologies.