Corrugated Packaging Market Size, Share & Analysis Report, 2022-2030
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:
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
By Application
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Key Points Covered in Corrugated Packaging Market Study:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Corrugated Packaging Market
5.1. COVID-19 Landscape: Corrugated Packaging Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Corrugated Packaging Market, By Package Type
8.1. Corrugated Packaging Market, by Package Type, 2021-2030
8.1.1. Single Wall Boards
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Double Wall Boards
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Triple Wall Boards
8.1.3.1. Market Revenue and Forecast (2019-2030)
8.1.4. Single Face Boards
8.1.4.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Corrugated Packaging Market, By Application
9.1. Corrugated Packaging Market, by Application, 2021-2030
9.1.1. Electronics & Electricals
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Food & Beverages
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. Transport & Logistics
9.1.3.1. Market Revenue and Forecast (2019-2030)
9.1.4. E-Commerce
9.1.4.1. Market Revenue and Forecast (2019-2030)
9.1.5. Personal Care Goods
9.1.5.1. Market Revenue and Forecast (2019-2030)
9.1.6. Healthcare
9.1.6.1. Market Revenue and Forecast (2019-2030)
9.1.7. Homecare Goods
9.1.7.1. Market Revenue and Forecast (2019-2030)
9.1.8. Others
9.1.8.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Corrugated Packaging Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Package Type (2019-2030)
10.1.2. Market Revenue and Forecast, by Application (2019-2030)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Package Type (2019-2030)
10.1.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Package Type (2019-2030)
10.1.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Package Type (2019-2030)
10.2.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Package Type (2019-2030)
10.2.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Package Type (2019-2030)
10.2.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Package Type (2019-2030)
10.2.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Package Type (2019-2030)
10.2.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Package Type (2019-2030)
10.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Package Type (2019-2030)
10.3.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Package Type (2019-2030)
10.3.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Package Type (2019-2030)
10.3.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Package Type (2019-2030)
10.3.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Package Type (2019-2030)
10.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Package Type (2019-2030)
10.4.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Package Type (2019-2030)
10.4.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Package Type (2019-2030)
10.4.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Package Type (2019-2030)
10.4.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Package Type (2019-2030)
10.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Package Type (2019-2030)
10.5.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Package Type (2019-2030)
10.5.4.2. Market Revenue and Forecast, by Application (2019-2030)
Chapter 11. Company Profiles
11.1. Mondi Group
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. WestRock Company
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. International Paper Company
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. DS Smith PLC
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Smurfit Kappa Group
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Nine Dragons Paper (Holdings) Limited
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Georgia-Pacific Equity Holdings LLC.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Oji Holdings Corporation
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Lee & Man Paper Manufacturing Ltd.
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Packaging Corporation of America
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles
(Upto 5 With No Cost)
Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers