Packaging / Corrugated Packaging Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: DS Smith Packaging, International Paper, Menasha, Corrugated Container
Corrugated Packaging Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: DS Smith Packaging, International Paper, Menasha, Corrugated Container
The Corrugated Packaging market size is estimated to reach USD 83.5 billion by 2027 and it is expected to increase at a CAGR of 3.9% between 2022 and 2027.
Corrugated Packaging Market Overview
Corrugated packaging is made up of three layers of containerboard sheets that are similar in thickness to thick paperboard. The material's superior design and manufacture have substantial promise for applications in a wide range of end-use sectors. Furthermore, these packaging materials are moisture resistant, which is a major element in the growing use of food and beverage packaging. Furthermore, in the coming years, the fast-increasing e-commerce industry is expected to provide a new development engine for the corrugated packaging market. Global manufacturing industry growth has greatly increased demand for corrugated packaging. Because of increased consumer awareness of eco-friendly packaging and sustainable packaging solutions, corrugated packaging is gaining acceptance quickly. The corrugated packaging can be reused and recycled easily.
As a result, the worldwide corrugated packaging market is growing in tandem with the increased demand for sustainable packaging materials. The increasing use of corrugated boxes in various industries such as food and beverage, consumer electronics, medicines, and homecare goods is having a significant impact on the corrugated packaging market's growth. Manufacturers are addressing the demand for flexible packaging, which is predicted to grow corrugated packaging demand significantly due to the rising desire for lightweight, portable, and handy items around the world. The rising use of corrugated packaging materials in the transportation and logistics industry is fueling the market's rapid expansion. The increasing adoption of the e-commerce platforms among the consumers to buy various types of goods is supplementing the growth of the corrugated packaging market.
Corrugated Packaging Market Growth Factors
The e-commerce industry is booming.
The global food and beverage business is rapidly increasing.
Corrugated packaging has a number of advantages over conventional packing materials.
Demand from the home appliances business is increasing.
Industry News and Updates
1 September 2020: Mondi to invest in Szczecin plant in Poland to expand and broaden e-commerce portfolio--
Mondi, a global leader in packaging and paper, has successfully completed the installation of major new equipment at its corrugated box production plant in Szczecin, Poland to meet growing e-commerce demand. The installation of the new machinery also marks further progress in Mondi’s ambition to further digitalize its business by using more advanced analytics and automation to better serve its customers with innovative and sustainable packaging and paper solutions.
August 2021: DS Smith develops 100% recyclable e-commerce packaging for Blaue Helden--
The sustainable e-commerce packaging from DS Smith gives the environmentally friendly cleaning tabs from Blaue Helden a glamorous appearance in online retail, with 100 % corrugated cardboard and no plastic filling material at all.
What are the major Applications, Types and Regions for Corrugated Packaging Market?
Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
Single Wall Board
Single Face Board
Double Wall Board
Triple Wall Board
By Application, it is segmented into
Food & Beverages
Electrical & Electronics
Home Care Products
Personal Care Products
Ecommerce
Transportation & Logistics
Healthcare
Others
Corrugated Packaging Market Segments Analysis
The double wall boards segment is estimated to be the most opportunistic segment during the forecast period. For the packaging of heavy electronics, healthcare, and homecare products, greater strength and durability is required.
The e-commerce segment is expected to increase at the fastest rate. This can be attributed to the fast-increasing use of online shopping in developing and undeveloped economies.
Corrugated Packaging Market Regional Analysis
North America is expected to be the most opportune market over the projection period. The corrugated packaging market has grown as a result of strict government rules requiring the use of environmentally friendly packaging materials, as well as growing consumer awareness of the need of using environmentally friendly materials. The Corrugated Packaging Alliance (CPA) and the United States government have made important contributions to the expanded usage of corrugated packaging materials across North American industry. Plastics have been outlawed in major US cities due to their negative influence on the environment and human health, prompting the usage of sustainable, reuse, and recyclable corrugated packaging in the region. More than 1,000 corrugated manufacturing facilities are believed to exist in the United States, with recycled content accounting for more than half of all corrugated boxes. The United States is a major importer of tree fibers, which are used to make corrugated boxes.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Corrugated Packaging Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Corrugated Packaging Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Corrugated Packaging Market report scope?
What are the significant types of Corrugated Packaging Market?
Single Wall Board, Single Face Board, Double Wall Board, Triple Wall Board
What are the major end-use applications of Corrugated Packaging Market?
Food & Beverages, Electrical & Electronics, Home Care Products, Personal Care Products, Ecommerce, Transportation & Logistics, Healthcare, Others
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
