Corrugated Packaging Market Growth, Size, Share, Trends, and Forecast 2032

The global Corrugated Packaging market size accrued earnings worth approximately USD 72.54 Billion in 2023 and is predicted to gain revenue of about USD 107.80 Billion by 2032, is set to record a CAGR of nearly 4.5% over the period from 2024 to 2032.

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Corrugated Packaging Market: Industry Prospective

Corrugated packaging is designed by considering bundle format shipping. The boxes are capable to resist pressure from various shapes and size products being shipped in the same compartment. Corrugated box edges are composed from the corrugated paper that creates air column, thus functioning as a cushion. Corrugated boxes are suitable for multiple packaging needs owing to its ridges of varying flexibility and strength level.

Corrugated Packaging Market Growth Dynamics

The upsurge in e-commerce business along with delivery & courier services is propelling corrugated packaging market. Further cost benefits, environmental sustainability, and robust industrialization in developing countries is boosting product demand globally. This packaging is recognized as a most cost-effective solution that has highest recycling rate compared to its counterparts and is composed with all the natural materials. In the current era, both regulatory bodies and consumers have raised concerns towards sustainability and environment. Government is facing challenges associated with increasing landfills that has resulted in growing demand for recyclable and environment-friendly packaging material. The government of developing countries is encouraging the use of corrugated packaging in the sustainable packaging industry. However, inabilities of the material to withstand harsh indoor and outdoor conditions are major challenges that can restrain the growth of the market.

The study includes drivers and restraints for the corrugated packaging market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the corrugated packaging market on a global level.

Corrugated Packaging Market Drivers and Restrains

This report offers comprehensive analysis on global corrugated packaging market along with, market trends, drivers, and restraints of the corrugated packaging market. This report includes a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared using data sourced from in-house databases, secondary and primary research team of industry experts.

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The study provides a decisive view on the corrugated packaging market by segmenting the market based on flute profile, combined board, box type, End-use industry, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024-2032.

Corrugated Packaging Market: Report Scope

Corrugated Packaging Market Segmentation Analysis

Recent developments in the sector include zero defect technology, cooler corrugating, decreasing corrugated board weight, improved corrosion resistance and water resistance along with exploring new fields of nanotechnology and microencapsulation.

Corrugated packaging market is bifurcated as per its flute profile by A-Flute, B-Flute, C-Flute, E-Flute, and F-Flute. A flute will witness a substantial growth rate during the forecast period due to its enhanced cushioning effect, as it has a profile in the range of 4 to 4.8 mm. As per combined board category, the industry is divided into a single face, single wall, double wall and triple wall segments. The double wall is anticipated to contribute significantly in the market owing to its rising usage in food & beverage and pharmaceutical industries. These packaging can be done in various boxes such as folder box, rigid box, telescope box and slotted boxes. Folding boxes account for maximum share in the market due to its usage in retail and e-commerce sectors. Various applications pertaining to corrugated packaging are pharmaceuticals, electronics, automotive, consumer goods and chemical industries. Corrugated packaging is widely used in consumer goods industry packaging of food & beverage products.

Corrugated Packaging Market Regional Analysis

Developed economies of North America are making the region a recognized contributor in the market. The region with sufficient paper recycling capability coupled with established infrastructure is driving paper packaging market. Brazil, Russia, India, China, and South Africa (BRICS) had registered robust industrialization scenario during the past decade.

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Each region has been further segmented into countries such as the U.S., UK, France, Germany, China, India, Japan, and Brazil.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global corrugated packaging market such as

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

The report segments global corrugated packaging market as follows:

Corrugated Packaging Market: Flute Profile Segment Analysis

• A-Flute
• B-Flute
• C-Flute
• E-Flute
• F-Flute

Corrugated Packaging Market: Combined Board Segment Analysis

• Single face
• Single wall
• Double wall
• Triple wall

Corrugated Packaging Market: Box Type Segment Analysis

• Slotted boxes
• Telescope boxes
• Rigid boxes
• Folder boxes

Corrugated Packaging Market: End-Use Industry Segment Analysis

• Pharmaceuticals
• Electronics
• Automotive
• Consumer goods
• Chemicals

Corrugated Packaging Market: Regional Segment Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa