The global corrugated packaging market is expected to grow at a steady CAGR during the forecast period. The global corrugated packaging market is driven by a massive rise in demand for corrugated packaging boxes in the thriving global e-commerce industry. Environmental sustainability as well as cost benefits associated with corrugated packaging is expected to bolster the growth of the market over the next few years. Additionally, on account of its outstanding properties such as low weight, excellent strength, and recyclability, the companies are increasingly adopting corrugated packaging products for safe product delivery, which is further driving the market growth through 2028.
The global corrugated packaging market is segmented based on product type, packaging type, end-use industry, and region. Based onproduct type, the market can be categorized into single wall board, double wall board, and triple wall board. The single-wall segment accounted for the largest market share in 2022 and the segment is expected to witness high CAGR during the forecast period owing to its cost-effectiveness and wide use as shipping cases from online merchants. Moreover, they absorb shock and protect the contents stored inside, which further contributes to the growing trend.
Based on the end-use industry, the food & beverage segment is estimated to grow at a high pace in the next 5 years owing to increased demand for processed food products which in turn is resulting in high adoption of corrugated boxes for products such as liquid bottles, fruits & vegetables, ready-to-eat food, and confectionery products.
The major players operating in the corrugated packaging market are Paper Company, Nine Dragons Paper (Holdings) Limited, Smurfit Kappa Group, WestRock Company, Lee & Man Paper Manufacturing Ltd., Georgia-Pacific Equity Holdings LLC, Mondi Group, Oji Holdings Corporation, DS Smith PLC, Packaging Corporation of America and others.
The Objective of the Study:
- To analyze and estimate the market size of the global corrugated packaging market from 2018 to 2021.
- To estimate and forecast the market size of the global corrugated packaging market from 2022 to 2028 and the growth rate until 2028.
- To classify and forecast the global corrugated packaging market based on product type, packaging type, end-use industry, company, and regional distribution.
- To identify the dominant region or segment in the global corrugated packaging market.
- To identify drivers and challenges for the global corrugated packaging market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global corrugated packaging market.
- To conduct pricing analysis for the global corrugated packaging market.
- To identify and analyze the profile of leading players operating in the global corrugated packaging market.
- To identify key sustainable strategies adopted by market players in the global corrugated packaging market.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers and presence of all major players across the globe.
TechSci Research calculated the market size of the global corrugated packaging market using a bottom-up approach, wherein data for various end-user segments was recorded and forecasted for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated them by analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also studied by TechSci Research.
Key Target Audience:
- Corrugated packaging manufacturers
- Market research and consulting firms
- Government bodies such as regulating authorities and policymakers
- Organizations, forums, and alliances related to corrugated packaging
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2022 |
| Historical Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2023E-2028F |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Product Type· Packaging Type· End-Use Industry |
| Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
| Country scope | United States, Mexico, Canada, China, India, Japan, South Korea, Australia; Germany, France, United Kingdom, Spain, Italy, South Africa, UAE, Saudi Arabia; Brazil, Argentina, Colombia; |
| Key companies profiled | Paper Company, Nine Dragons Paper (Holdings) Limited, Smurfit Kappa Group, WestRock Company, Lee & Man Paper Manufacturing Ltd., Georgia-Pacific Equity Holdings LLC, Mondi Group, Oji Holdings Corporation, DS Smith PLC, Packaging Corporation of America. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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Report Scope:
In this report, the global corrugated packaging market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- Global Corrugated Packaging Market, By Product Type:
- Single Wall Board
- Double Wall Board
- Triple Wall Board
- Global Corrugated Packaging Market, By Packaging Type:
- Box
- Crates
- Trays
- Octabin
- Pallet
- Others
- Global Corrugated Packaging Market, By End-Use Industry:
- Food & Beverage
- Electrical & Electronics
- Homecare Product Types
- Personal Care Product Types
- E-Commerce
- Transportation & Logistics
- Healthcare
- Others
- Global Corrugated Packaging Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- South America
- Brazil
- Argentina
- Colombia
- North America
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the global corrugated packaging market.