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Corrugated Packaging Market Size, By Product (Corrugated Box [Single phase corrugated box, Single wall corrugated box, Double wall corrugated box, Triple wall corrugated box], Folding boxboard), By Printing Technique (Lithography, Flexography, Digital Printing), By End-use Industry (Food & beverages, Personal Care & Home Care, Medical, Home Appliances & Electronics, Other FMCG, Agriculture, Industrial, Chemical & Plastics, Paper & Carton), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Landscape & Forecast, 2023 – 2032

  • Report ID: GMI5246
  • Published Date: Nov 2022
  • Report Format: PDF

Industry Statistics

Corrugated Packaging Market size was valued at USD 70 billion in 2022 and is poised to depict a 4% CAGR through 2023-2032, on account of the burgeoning e-commerce sales worldwide.
 

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Corrugated fiberboard has become a preferred packaging choice, given its ability to deliver much-needed protection for the toughest handling of products. Due to durability, versatility, and stability, this packaging material is utilized across the retail sector and gaining more traction as e-commerce sales spike worldwide.
 

The consumption of electronics and appliances has also increased in developed nations including the U.S. over the past years. These appliances are highly sensitive in nature and require protection from shocks and external damage. Such requirements will provide lucrative opportunities for corrugated packaging providers. Despite the favorable growth trajectory, the availability of alternatives such as bioplastics may create roadblocks to industry development to some extent over the forecast period.
 

Rise in clean beauty product sales to bolster adoption of corrugated boxes

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Corrugated packaging market value from the corrugated box product segment will reach USD 87 billion by 2032, due to the growing awareness of health and wellness and the subsequent increase in clean beauty product sales. Beauty and personal care manufacturers are shifting preference to corrugated boxes, owing to their eco-friendly nature, easy assembly, and advanced printing techniques. Single-wall corrugated box packaging, for example, comes with key attributes including high strength and cost-effectiveness, contributing to product consumption.
 

Digital printing emerges as an eco-friendly technique for corrugated board production

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Corrugated packaging industry share from the digital printing technique segment is set to depict a 4% CAGR through 2032. Unlike traditional methods, this technique can print multiple colors at the same time. As a result, it has made inroads into the corrugated packaging business, owing to its versatility and flexibility. Moreover, digital printing is associated with environmental benefits, including the reduction of packaging waste, making it a preferred printing technique for corrugated box makers.
 

Robust medical device demand to boost corrugated packaging consumption

Corrugated packaging market from medical end-use segment is slated to cross USD 2.5 billion by 2032, given the strong awareness of the advantages of corrugated packaging over other substitutes. This packaging has emerged as a dust-free and sterile method for medical products, enabling seamless transportation of sensitive products such as capsules, tablets, lab equipment, and medical equipment. With the growing prevalence of chronic medical conditions and increased usage of medical devices, the use of corrugated boxes for medical packaging applications is expected to rise, especially in emerging economies.
 

Shifting preference toward processed foods augments corrugated box usage in APAC

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Asia Pacific corrugated packaging market share is poised to register revenue worth more than USD 52 billion by 2032. The expanding working population and the increasing inclination toward fast foods and packaged products are among the key drivers for product demand. As per data from the Ministry of Agriculture, Food and Rural Affairs of South Korea, there has been a spike in processed food sales over recent years. Thus, along with the changing lifestyles, the consumption of corrugated food packaging solutions is likely to surge across the APAC region.
 

Strategic mergers & acquisitions to strengthen the industry landscape

Packaging Corporation of America (PCA), Mondi Group, Danhil de México, Westrock Company, International Paper, Sultana Packaging, DS Smith, S.A. de C.V. (CESCO), Smurfit Kappa Group, Rengo Co., Ltd., Evergreen Packaging LLC, Cascades Inc., Georgia-Pacific LLC, and Montebello Container Company LLC are some of the key players functioning in the corrugated packaging market. These companies are emphasizing mergers and acquisitions and other strategies to expand their footprint in the industry.
 

Influence of COVID-19 pandemic on corrugated packaging industry outlook

The COVID-19 outbreak resulted in unprecedented supply chain disruptions worldwide. Despite these challenges, the packaging industry has remained relatively resilient, due to retail shutdowns and higher dependence on online shipping. In fear of contracting or transmitting the virus, consumers began to rely increasingly on e-commerce channels for purchases. As e-commerce continues to expand and packaging technologies become more advanced post-COVID-19, the corrugated packaging industry is likely to record substantial growth over the estimated timeline.
 

Corrugated packaging market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Million Meter and revenue in USD Million from 2018 to 2032 for the following segments:

By Products

  • Corrugated Box
    • Single phase corrugated box
    • Single wall corrugated box
    • Double wall corrugated box
  • Triple wall corrugated box
  • Folding boxboard

By Printing Technique

  • Lithography
  • Flexography
  • Digital Printing
  • Others

By End-user

  • Food & beverages
  • Personal Care & Home Care
  • Medical
  • Home Appliances & Electronics
  • Other FMCG
  • Agriculture
  • Industrial
  • Chemical & Plastics
  • Paper & Carton
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

 

Authors: Kiran Pulidindi, Hiralkumar Patel

Frequently Asked Questions (FAQ) :

The corrugated packaging industry size exceeded USD 70 billion in 2022 and is set to depict over 4% CAGR through 2023-2032, given the burgeoning e-commerce sales.
The corrugated packaging market value from the corrugated box product segment will reach over USD 87 billion by 2032, due to the rise in clean beauty product sales.
APAC corrugated packaging share is poised to register more than 4% CAGR through 2023-2032, due to the inclination of the working population toward fast foods and packaged products.
Mondi Group, International Paper, Sultana Packaging, DS Smith, Packaging Corporation of America (PCA), SmCascades Inc., Georgia-Pacific LLC, and Montebello Container Company LLC are some of the key players operating in the corrugated packaging industry.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 446
  • Countries covered: 20
  • Pages: 275
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

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