Corrugated Board Packaging Market Size, Share, Analysis, Trends, Growth, 2032

Corrugated Board Packaging Market Insights

Zion Market Research has published a report on the global Corrugated Board Packaging Market, estimating its value at USD 196.63 Billion in 2023, with projections indicating that it will reach USD 335.04 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 6.1% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Corrugated Board Packaging industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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Global Corrugated Board Packaging Market: Overview

The corrugated board packaging system is known to be the largest portion of the total paperboard packaging method. Corrugated Board is a packing material of high performance intended to store, secure, and promote goods. Corrugated material, collectively called containerboard, is a mixture of three sheets of paper. In the exterior, the paper layers are known as the liners, or linerboard, while in the middle layer, the fluted or wave-shaped material is considered the corrugating medium. Corrugated boards are versatile mediums that, according to the specifications of the end user, can be cut and folded into any shape and form. The corrugated board is constructed from paper-containing cellulose fibers, thereby having a low weight and recyclable property.

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Global Corrugated Board Packaging Market: Growth Factors

The need for improved packaging materials is expected to rise in the retail sector along with the need for ready-to-eat food goods. Which will provide the global corrugated board packaging industry with ample growth opportunities. In addition, it is also anticipated that increasing internet shopping would raise the overall demand for corrugated board packaging. It is also anticipated that increasing industrial activities, particularly in the manufacturing sector, which require better packaging techniques to protect and transport products, will drive the global demand for corrugated board packaging. Furthermore, growing industrialization and expanding foreign trade are projected to accelerate demand growth in developed countries, such as India. Environmental considerations also serve as a guiding force for the market as a whole.

Global Corrugated Board Packaging Market: Segmentation

The Corrugated Board Packaging market is fragmented based on product type and end user.

By form, the market is divided into single-face board, single-wall boards, double-wall board, and triple-wall board. Single-wall corrugated board is the most preferred technology throughout the globe. A corrugated shipping container is multifunctional with various uses such as wrapping, enclosing, protecting, cushioning, indexing, stacking, and displaying.

The basic function of this technique of packaging is to protect the product during transportation.

On the basis of end-user, the Corrugated Board Packaging market includes fresh food and produce, processed foods, beverages, paper products, electrical products, and others.

The food and beverage industry, led by the automotive and personal care industry, is the largest end-user of corrugated board packaging material.

The other main end-users of corrugated board packaging manufacturing are the factory production and consumer goods industries.

In addition, the packaging method is often used for chilled, takeaway, and ready-cooked food packaging.

Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Corrugated Board Packaging Market: Report Scope

Global Corrugated Board Packaging Market: Regional Analysis

The biggest market for corrugated board packaging, followed by Europe, is North America. In countries such as China and India, the Asia-Pacific market is projected to see a stronger growth rate due to growing growth in end-user industries. In recent years, there has been a major rise in corrugated box use in India by the packaged food sector, manufacturers of fruits and vegetables, the computer industry, and the durable consumer goods industry.

Global Corrugated Board Packaging Market: Competitive Players

Some main participants of the Corrugated Board Packaging market are

• Klingele Papierwerke GmbH and Co. KG
• Mondi Group
• Smurfit Kappa Group
• DS Smith PLC
• Klabin SA
• International Paper Company
• Nippon Paper Industries Ltd.
• Georgia-Pacific LLC
• Rengo Co. Ltd.
• Amcor Limited
• Sealed Air Corporation
• Cascades Inc.
• Europac Group
• I. Waterman (Box Makers) Ltd.
• Ariba & Company
• Kashi Pack Care
• Klingele Papierwerke GmbH & Co. KG.
• among others.

The Corrugated Board Packaging market is segmented as follows:

By Form

• Single-face Board
• Single-wall Boards
• Double-wall Board
• Triple-wall Board

By End-user

• Fresh Food And Produce
• Processed Foods
• Beverages
• Paper Products
• Electrical Products
• And Others

Corrugated Board Packaging Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of The Middle East & Africa