Global Corrugated Packaging Market Share Is Expected to Grow At A CAGR Value Of Around 6.40% By 2028

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.

Global Corrugated Packaging Market Size

Request Sample Request Customization Buy Now

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

Request customized purchase options to meet your research needs. Explore purchase options

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
    • 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

About Us:

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Contact Us:
Facts & Factors

A 2108, Sargam,
Nanded City,
Sinhagad Road,
Pune 411041, India
USA: +1-347-989-3985
Email: [email protected]
Web: https://www.fnfresearch.com


Latest Market Research Reports

report img

3D Mapping and Modeling Market Report 2024 – 2032

[212+ Pages Report] According to Facts and Factors,the global 3D mapping and modeling market size was valued at USD 5.37 billion in 2023 and is predicted to surpass USD 20.59 billion by the end of 2032. The 3D mapping and modeling industry is expected to grow by a CAGR of 16.10% between 2024 and 20

Published Date : 12-Apr-2024 | | Category : Technology & Media | Pages : 212 | Format : Read more

Inquiry for Buying Request Sample
report img

Vegan Tuna Market Report 2024 – 2032

[210+ Pages Report] According to Facts and Factors,the global vegan tuna market size was valued at USD 261.58 million in 2023 and is predicted to surpass USD 470.89 million by the end of 2032. The vegan tuna industry is expected to grow by a CAGR of 6.75% between 2024 and 2032. Vegan Tuna Market: O

Published Date : 10-Apr-2024 | | Category : Food & Beverages | Pages : 210 | Format : Read more

Inquiry for Buying Request Sample
report img

Smart Thermostat Market Report 2024 – 2032

[229+ Pages Report] According to Facts and Factors,The global smart thermostat market size was valued at USD 3.79 billion in 2023 and is predicted to surpass USD 11.84 billion by the end of 2032. The smart thermostat industry is expected to grow by a CAGR of 13.50% between 2024 and 2032. Smart Ther

Published Date : 09-Apr-2024 | | Category : Technology & Media | Pages : 229 | Format : Read more

Inquiry for Buying Request Sample
report img

IoT in Defense Market Report Report 2024 – 2032

[228+ Pages Report] According to Facts Factors, the global IoT in defense market size in terms of revenue was valued at around USD 49.22 billion in 2023 and is expected to reach a value of USD 115.33 billion by 2032, growing at a CAGR of roughly 9.92% from 2024 to 2032. The global IoT in defense ma

Published Date : 08-Apr-2024 | | Category : Defense and Security | Pages : 228 | Format : Read more

Inquiry for Buying Request Sample
report img

Mental Health Software Market Report Report 2024 – 2032

[229+ Pages Report] According to Facts Factors, the global mental health software market size in terms of revenue was valued at around USD 4.37 billion in 2023 and is expected to reach a value of USD 25.84 billion by 2032, growing at a CAGR of roughly 21.83% from 2024 to 2032. The global mental hea

Published Date : 08-Apr-2024 | | Category : Healthcare | Pages : 229 | Format : Read more

Inquiry for Buying Request Sample

Why FnF Market Research?

1 Inflallible Methodology

to ensure high-level data integrity, accurate analysis, and impeccable forecasts

2 Analyst Support

for complete satisfaction

3 Customization

on-demand customization of scope of the report to exactly meet your needs

4 Targeted Market View

Targeted market view to provide pertinent information and save time of readers

5 Agile Approach

A faster and efficient way to cater to the needs with continuous iteration