Corrugated Packaging Market Size, Share Global Analysis Report, 2022 – 2028

Industry Insights

[201+ Pages Report] According to Facts and Factors, the global corrugated packaging market was valued at USD 184.9 billion in 2021 and is predicted to increase at a CAGR of 6.40% to USD 258.3 billion by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified into countries.

Market Overview

Corrugated boxes are one of the most widely used secondary packaging solutions in a variety of industries. Because packaging cartons are both practical and convenient, they have become a popular choice for the packaging of a wide range of products in industries such as food, beverages, cosmetics, pharmaceuticals, and chemicals. In recent years, the e-commerce industry has experienced rapid growth. The growing purchasing power of consumers, as well as the increased use of mobile shopping, has fueled online shopping. Corrugated crates and cardboard packaging are available in a wide range of sizes, allowing for the packaging of small items such as pharmaceuticals or personal care products to large items such as electronics or furniture. The growing trend of purchasing products through e-commerce platforms, as well as the increasing number of players entering the e-commerce industry, are expected to drive sales in the corrugated boxes market.

Increased sales of kraft boxes, driven by increased demand for environmentally friendly packaging solutions, are expected to provide growth opportunities in the coming years. In addition, some of the market's leading players are expected to offer custom corrugated boxes, such as paper packaging solutions, to replace plastic packaging alternatives. The shift in consumer preference toward paper packaging is expected to increase demand for corrugated boxes in the near future. The global personal care and cosmetics industry has expanded significantly in recent years. The rising consciousness of consumers regarding appearance is a major driver of growth. One of the factors positively influencing personal grooming is the growing importance of hair and skin care among the millennial population.

Impact of COVID – 19

The COVID-19 pandemic has had a significant impact on the aluminum industry worldwide, and it is difficult to predict the extent and severity of the long-term impact. The coronavirus outbreak forced the closure of approximately 198,000 active dental hospitals and clinics in the United States. The packaging industry suffered as a result of the recession that followed the pandemic outbreak. The unexpected drop and uncertainty in raw material prices before and after the COVID-19 pandemic has been a worldwide source of concern for packaging solution manufacturers. However, since the pandemic, there has been a significant increase in e-commerce. E-commerce retail sales are seeing a significant increase in volume.

The complete research study looks at both the qualitative and quantitative aspects of the corrugated packaging market. Both the demand and supply sides of the market have been investigated. The demand side study examines market income in various regions before comparing it to all of the major countries. The supply-side research examines the industry's top rivals, as well as their regional and global presence and strategies. Each major country in North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America is thoroughly investigated.

Segmentation Analysis

The global Corrugated Packaging market is segregated based on product type, packaging type, and end-use.

While the food and beverage sector is expected to be the largest consumer of corrugated packaging throughout the forecast period, E-commerce has been identified as the most opportunistic application area for corrugated packaging stakeholders. The electrical and electronics end-use segment is expected to grow significantly during the forecast period, owing to increased shipments of consumer electronics products such as tablets, smartphones, laptop computers, and flat-screen televisions.

The segment with the highest revenue share was the single-wall board style. It can be used as an extra layer of protection, as a divider, pad, or partition inside the outer packaging. These types of board styles allow for easy printing, as well as the application of various coatings to their surface. It lightens the weight of the boxes, lowering shipping costs. As a result, the segment is expected to grow at the fastest rate during the forecast period. Single-face boards are also used as an inner packaging material in order to keep individual items separate in outer packaging and to provide additional protection to the packaged goods.

Report Scope

Regional Landscape

With the biggest revenue share, Asia Pacific dominated the market. Demand for packaging items is driven by rapid urbanization in densely populated nations like China, India, and Indonesia. Growing environmental consciousness is likely to lead to higher demand for greener packaging solutions, propelling the market forward. Government moves in numerous Asian countries to ban plastic packaging are also predicted to boost product demand.

In terms of revenue, it is also expected to be the fastest-growing regional market. A surge in domestic and international demand for electronic goods, automotive components, homecare, and beauty & personal care products is predicted to boost demand for corrugated boxes, resulting in market expansion.

Competitive Landscape

List of Key Players in the Global Corrugated Packaging Market:

• DS Smith Packaging Limited
• Menasha Corporation
• Wisconsin Packaging Corporation
• Arabian Packaging Co LLC
• Klabin S.A.
• GWP Group Limited
• TGI Packaging Pvt. Ltd.
• Georgia-Pacific LLC
• Smurfit Kappa Group PLC
• Westrock Company
• Rengo Co., Ltd.
• Pratt Industries Inc.

The Global Corrugated Packaging Market is segmented as follows:

By Product Type Segment Analysis

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

By Packaging Type Segment Analysis

• Boxes
• Crates
• Trays
• Octabin
• Pallet
• Others

By End-Use Segment Analysis

• Food & Beverage
• Electrical & Electronics
• Home Care Products
• Personal Care Products
• E-commerce
• Transportation & Logistics
• Healthcare
• Others

By Regional Segment Analysis

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America