Corrugated Packaging Market Size
Corrugated Packaging Market size was valued at USD 70 billion in 2022 and is poised to depict a 4% CAGR through 2023-2032, on account of the burgeoning e-commerce sales worldwide.
Because it provides much-needed protection for the hardest handling of products, corrugated fiberboard has evolved as a popular packaging material. This packaging material is used all across the retail industry and becoming more and more popular as e-commerce sales rise globally because to durability, adaptability, and stability.
Over the previous years, affluent countries such the United States have seen rising electronic and appliance usage as well. These highly sensitive devices naturally call for protection from shocks and outside damage. Such criteria will give corrugated packaging suppliers rich chances. Even with the positive growth trajectory, the availability of alternatives like bioplastics could cause some degree of industry development hurdles throughout the projected timeframe.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Corrugated Packaging Market Size in 2022 | 235 Billion (USD) |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 4% |
| 2032 Value Projection | 333 Billion (USD) |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 275 |
| Tables, Charts & Figures | 446 |
| Segments covered | Product, Printing Technique, End-Use Industry, and Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
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Corrugated Packaging Market Analysis
Growing awareness of health and wellbeing and the consequent rise in clean beauty product sales would help the value of corrugated packaging market from the sector of corrugated box product segment reach USD 87 billion by 2032. Because of its eco-friendly character, simple assembly, and innovative printing technologies, corrugated boxes are becoming more and more preferred by makers of beauty and personal care products. For instance, excellent strength and cost-effectiveness of single-wall corrugated box packaging help to explain product consumption.
From the category on digital printing techniques, the share of corrugated packaging industry is set to show a 4% CAGR until 2032. This technique may print several colors at once unlike conventional ones. Its adaptability and flexibility have so helped it to enter the market in corrugated packaging. Furthermore a favored printing method for corrugated box manufacturers is digital printing since it is linked with environmental advantages including the decrease of packaging waste.
Given the great knowledge of the benefits of corrugated packaging over alternative substitutes, the market from medical end-use segment is expected to reach USD 2.5 billion by 2032. For medical products, this packaging has become a dust-free, sterile solution that helps to enable smooth transit of delicate items such capsules, pills, lab equipment, and medical tools. Particularly in developing countries, the use of corrugated boxes for medical packaging purposes is predicted to rise given the growing frequency of chronic medical diseases and rising use of medical equipment.
By 2032, Asia Pacific corrugated packaging market share is expected to bring income valued more than USD 52 billion. Product demand is mostly driven by the growing working population and the propensity toward quick eats and packaged goods. Data from the South Korean Ministry of Agriculture, Food and Rural Affairs show that processed food sales have surged recently. Thus, along with the changing lifestyles, the usage of corrugated food packaging solutions is probably going to explode over the APAC area.
Corrugated Packaging Market Share
- Packaging Corporation of America (PCA)
- Mondi Group
- Danhil de México
- Westrock Company
- International Paper
- Sultana Packaging
- DS Smith
- S.A. de C.V. (CESCO)
- Smurfit Kappa Group
- Rengo Co., Ltd.
- Evergreen Packaging LLC
- Cascades Inc.
- Georgia-Pacific LLC
- Montebello Container Company LLC
are some of the key players functioning in the corrugated packaging market. These companies are emphasizing mergers and acquisitions and other strategies to expand their footprint in the industry.
Impact of COVID-19 Pandemic
The COVID-19 outbreak resulted in unprecedented supply chain disruptions worldwide. Despite these challenges, the packaging industry has remained relatively resilient, due to retail shutdowns and higher dependence on online shipping. In fear of contracting or transmitting the virus, consumers began to rely increasingly on e-commerce channels for purchases. As e-commerce continues to expand and packaging technologies become more advanced post-COVID-19, the corrugated packaging industry is likely to record substantial growth over the estimated timeline.
Corrugated packaging market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Million Meter and revenue in USD Million from 2018 to 2032 for the following segments
By Products
- Corrugated Box
- Single phase corrugated box
- Single wall corrugated box
- Double wall corrugated box
- Triple wall corrugated box
- Folding boxboard
By Printing Technique
- Lithography
- Flexography
- Digital Printing
- Others
By End-user
- Food & beverages
- Personal Care & Home Care
- Medical
- Home Appliances & Electronics
- Other FMCG
- Agriculture
- Industrial
- Chemical & Plastics
- Paper & Carton
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Russia
- Asia Pacific
- China
- India
- Japan
- Australia
- Indonesia
- South Korea
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
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