Corrugated Packaging Market (By Package Type: Single Wall Boards, Double Wall Boards, Triple Wall Boards, and Single Face Boards; By Application: Electronics & Electricals, Food & Beverages, Transport & Logistics, E-Commerce, Personal Care Goods, Healthcare, Homecare Goods, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2021 2030

The global corrugated packaging market size was valued at US$ 276.52 billion in 2021 and is expected to reach over US$ 380.8 billion by 2030, poised to grow at a CAGR of 3.6% from 2021 to 2030.

Growth Factors:

The surging growth of the manufacturing industry across the globe has fueled the demand for the corrugated packaging significantly. The corrugated packaging is gaining rapid traction owing to the rising consumer awareness regarding the eco-friendly packaging and sustainable packaging solutions. The corrugated packaging is reusable and can be easily recycled. Therefore, the rising demand for the sustainable packaging material across the globe is augmenting the growth of the global corrugated packaging market. The rising usage of corrugated boxes across different industries such as food & beverages, consumer electronics, pharmaceuticals, and homecare goods industries is significantly impacting the growth of the corrugated packaging market. The manufacturers are addressing the need for flexible packaging, which is expected to exponentially drive the demand for corrugated packaging owing to its rising demand for the lightweight, portable, and convenient products across the globe. The increased adoption of the corrugated packaging materials in the transport and logistics industry is further fostering the growth of the market significantly.

The rapid growth of the e-commerce in the past decade has tremendously spiked the consumption of corrugated packaging all over the globe. The rising popularity of the e-commerce and the online retail platforms such as Pepperfry, Amazon, Flipkart, eBay, Wal-Mart, and various others are penetrating the developing and the underdeveloped markets at a rapid pace. The significant growth of the telecommunications and the IT infrastructure, increased penetration of the internet, rising adoption of smartphones, and rising awareness regarding virtual stores among the consumers are the major factors that has boosted the growth of the e-commerce industry across the globe. The rising disposable income and rising standards of living is resulting in the growth in the demand for the various personal care, electronics, home products, and food products. The increasing adoption of the e-commerce platforms among the consumers to buy various types of goods is supplementing the growth of the corrugated packaging market.

Scope of the Corrugated Packaging Market

Report Coverage

Details

Market Size

US$ 380.8 Billion by 2030

Growth Rate

CAGR of 3.6% from 2021 to 2030

Largest Market

Asia Pacific

Fastest Growing Market

North America

Base Year

2021

Forecast Period

2021 to 2030

Segments Covered

Package Type, Application, Region

Companies Mentioned

Mondi Group, WestRock Company, International Paper Company, DS Smith PLC, Smurfit Kappa Group, Nine Dragons Paper (Holdings) Limited, Georgia-Pacific Equity Holdings LLC., Oji Holdings Corporation, Lee & Man Paper Manufacturing Ltd., Packaging Corporation of America

 

Region Insights

Asia Pacific dominated the market with revenue share of over 35% in 2020. This region is the manufacturing hub of the world. Most of the electronics, homecare, and healthcare products are manufactured in the region and supplied globally. Moreover, the presence of huge population in the region makes it the most lucrative market for the food & beverages industry, which is expected to significantly drive the demand for the corrugated packaging. Moreover, the rising penetration of the e-commerce and various online shopping platforms in the region is fueling the demand for the corrugated packaging. All these factors are expected to foster the growth rate of the Asia Pacific corrugated packaging market in the foreseeable future.

North America is estimated to be the most opportunistic market during the forecast period. The stringent government regulations towards the use of eco-friendly packaging materials couple with the increased consumer awareness regarding the usage of environment-friendly materials has fostered the growth of the corrugated packaging market. The joint efforts of the Corrugated Packaging Alliance (CPA) and the American government has significant contributions towards the increased adoption of the corrugated packaging materials across the industries in North America. The major cities in US has banned the use of plastics owing to its harmful impact on the environment and human health, which has triggered the use of sustainable, reusable, and recyclable corrugated packaging in the region. It is estimated that US has more than 1,000 corrugated manufacturing units and over 50% of the corrugated boxes are made using recycled contents. US is among the top importers of the tree fibers that are used for making corrugated boxes.

Some of the prominent players in the Corrugated Packaging Market include:

  • Mondi Group
  • WestRock Company
  • International Paper Company
  • DS Smith PLC
  • Smurfit Kappa Group
  • Nine Dragons Paper (Holdings) Limited
  • Georgia-Pacific Equity Holdings LLC.
  • Oji Holdings Corporation
  • Lee & Man Paper Manufacturing Ltd.
  • Packaging Corporation of America

Segments Covered in the Report

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:

By Package Type

  • Single Wall Boards
  • Double Wall Boards
  • Triple Wall Boards
  • Single Face Boards

By Application

  • Electronics & Electricals
  • Food & Beverages
  • Transport & Logistics
  • E-Commerce
  • Personal Care Goods
  • Healthcare
  • Homecare Goods
  • Others

By Geography

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • United Kingdom
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Rest of Latin America

Middle East & Africa (MEA)

  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa

Key Points Covered in Corrugated Packaging Market Study:

  • Growth of Corrugated Packaging in 2022
  • Market Estimates and Forecasts (2017-2030)
  •  Brand Share and Market Share Analysis
  •  Key Drivers and Restraints Shaping Market Growth
  •  Segment-wise, Country-wise, and Region-wise Analysis
  •  Competition Mapping and Benchmarking
  •  Recommendation on Key Winning Strategies
  •  COVID-19 Impact on Demand for Corrugated Packaging and How to Navigate
  •  Key Product Innovations and Regulatory Climate
  •  Corrugated Packaging Consumption Analysis
  •  Corrugated Packaging Production Analysis
  •  Corrugated Packaging and Management

Report Detail

  • Report Code:6338
  • No. of Pages:150+
  • Format:PDF/PPT/Excel

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