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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.
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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.
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.
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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.