09-Jun-2022 | Facts and Factors
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.
Due to people's hectic lifestyles, the demand for convenience foods is increasing. As a result, processed food that cooks quickly appeals to a large number of consumers. The growing population also drives the demand for processed foods that are both convenient and healthy. Corrugated board packaging, which keeps moisture away from products and can withstand long shipping times, is increasingly being used by businesses to provide better customer outcomes, particularly secondary or tertiary packaging. Processed foods, such as bread, meat products, and other perishable items, necessitate the use of these packaging materials only once, driving demand. Paperboard boxes are commonly made entirely of paperboard. They do, however, include unique material combinations on occasion, such as clear or colorful film windows that allow customers to see the food inside the box. This surge in popular interest has fuelled the surge in eco-friendly packaging options.
Browse the full “Corrugated Packaging Market By Product Type (Single Wall Boards, Single Face Boards, Double Wall Boards, Triple Wall Boards), By Packaging Type (Boxes, Crates, Trays, Octabin, Pallet, Others), By End-Use (Food & Beverage, Electrical & Electronics, Home Care Products, Personal Care Products, E-commerce, Transportation & Logistics, Healthcare, Others), and By Region - Global Industry Insights, Growth, Size, Share, Comparative Analysis, Trends and Forecast 2022 – 2028" report at https://www.fnfresearch.com/corrugated-packaging-market
The fast-developing e-commerce industry is expected to emerge as the primary growth driver for the global corrugated packaging market. Corrugated packaging products are increasingly being used by e-commerce companies for safe product delivery due to features such as low weight, excellent strength, and recyclability. Furthermore, in recent years, the market has seen a steady increase in adoption from the organized retail sector. As the number of supermarkets and hypermarkets expands across emerging economies in response to changing consumer lifestyles and rising disposable incomes, so will the demand for corrugated packaging products.
The sector with the biggest revenue share was the single-wall board style. It can be used as an extra layer of protection, a separator, a pad, or a barrier inside an outer package. These board styles allow for easy printing and the application of various coatings to the surface. It lowers transportation expenses by reducing the weight of the package. As a result, during the projection period, the segment is expected to have the highest CAGR.
While the food and beverage industry is likely to be the greatest consumer of corrugated packaging over the forecast period, corrugated packaging stakeholders have chosen e-commerce as the most promising application area. Due to growing shipments of consumer electronics items such as tablets, smartphones, laptop computers, and flat-screen televisions, the electrical and electronics end-use category is predicted to rise significantly throughout the projection period.
The Asia Pacific dominated the market with the largest revenue share. Rapid urbanization in densely populated countries like China, India, and Indonesia are driving packaging demand. Greener packaging solutions are projected to be in increased demand as people become more environmentally conscious, moving the market ahead. An increase in demand for electronic goods, automotive components, home care, and beauty and personal care products is expected to drive demand for corrugated boxes, resulting in market expansion. Government attempts to restrict plastic packaging in a number of Asian countries are also expected to stimulate product demand. It is also predicted to be the fastest-growing regional market in terms of value.
The report contains qualitative and quantitative research on the global Corrugated Packaging Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 184.9 billion |
Projected Market Size in 2028 |
USD 258.3 billion |
CAGR Growth Rate |
6.40% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
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., and Others |
Key Segment |
By Product Type, Packaging Type, End-Use, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the major companies operating in the corrugated packaging market are 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, and others.
The Global Corrugated Packaging Market is segmented as follows:
By Product Type
- Single Wall Boards
- Single Face Boards
- Double Wall Boards
- Triple Wall Boards
By Packaging Type
- Boxes
- Crates
- Trays
- Octabin
- Pallet
- Others
By End-Use
- Food & Beverage
- Electrical & Electronics
- Home Care Products
- Personal Care Products
- E-commerce
- Transportation & Logistics
- Healthcare
- Others
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- 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
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