Global Corrugated Packaging Market Share, Size, Analysis, Growth & Trends- By Product (Single wall boards, Single Face boards, Double wall boards, Triple wall boards), By Packaging Type (Boxes [Slotted boxes, Folder boxes, Telescope Boxes, Die Cut Boxes ], Crates, Trays, Octabin, Pallet, Others), By End Use (Food & Beverages, Electronics & Electricals, Cosmetics & Personal care, Healthcare & Pharmaceuticals, Transportation & Logistics, E-commerce, Other) and By Region - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Corrugated Packaging Market size was valued at USD 278.4 billion in 2020 and is projected to reach USD 432.1 billion by 2030 growing with the CAGR of 4.8% during the forecast period 2020 to 2030. Corrugated fibreboard, often known as "combined board," is made up of two major components: the liner and the medium. Both are constructed of a type of thick paper known as containerboard. Linerboard is the flat material that clings to the medium, generally on the board's exterior surfaces but sometimes on the inner for some constructions. The medium is the paper that has been shaped into arches or flutes on a single facer and is bonded between the linerboard facings.

Despite rising tariffs, packaging efforts have shifted primarily offshore, and continuing industrialization in nations like as China and Brazil is projected to drive development. Products have gotten more diversified, and transportation methods have progressed, necessitating the use of innovative boxes and materials to package and safeguard items. This need is driving the development of new corrugated box choices, which is propelling the industry forwards despite rising corrugate prices. Technological developments, as well as market shifts and packaging trends, are influencing the corrugated packaging business. The COVID-19 epidemic raised the need for Ecommerce packaging and shipping solutions significantly. This increase will have a significant impact on the demand for corrugated boxes, which already meet the majority of ecommerce needs. In addition to environmental benefits, sustainable packaging can help companies improve their bottom line, eliminate unnecessary manufacturing parts, improve safety on the production line, and reduce disposal costs.

Market Segmentation:

End User Insights

The market can be segmented on the basis of end user as ,Food & Beverages, Electronics & Electricals, Cosmetics & Personal care, Healthcare & Pharmaceuticals, Other .Among end users, the food and beverage industry has the highest market share. One of the main reasons propelling the market is the rising usage of corrugated boxes for beverage packaging. E-commerce expansion and rising need for sustainable packaging have increased demand from the food and beverage sector internationally. Corrugated board packaging, which keeps moisture away from items and withstands extended shipping durations, is increasingly being used by businesses to provide better results to customers, particularly as a route to secondary or tertiary packing. Processed goods, such as bread, meat products, and other perishable commodities, require these packaging materials to be used only once, fueling demand.

Application Insights

The market can be segmented on the basis of board type as Double walled, Triple walled, Laminated & Single wall. Triplewalled consists of four flat liner facings with three interleaved and bonded corrugated mediums.Doublewalled - Three flat liner facings interleaved and glued with two interleaved and glued corrugated mediums.Laminated - Two or three sheets of corrugated board (triplewalled or doublewalled) bonded together to provide a thicker framework.Because of the additional layers of fluted paper, triple-wall corrugated board with three corrugating media can tolerate higher mechanical stress. As a result, it is utilized in the packing and shipment of large items. It is lighter in weight than boxes constructed of wood that are used to transport heavyweight items. As a result, it provides a high-strength, cost-effective, and environmentally friendly alternative to traditional timber- or metal-based packaging used for heavyweight items.

Geographical Analysis

In North America, the growing trend of digitalization, as well as the increased use of electronic items, automobiles, and health and wellness-related products, is expected to drive up demand for their packaging. Environmental regulations, as well as the region's growing desire for easy-to-handle and easily disposable packaging solutions, are projected to boost product demand. Rising consumer awareness of environmentally friendly goods is projected to increase demand for corrugated board packaging in North America over the forecast period.Government initiatives to encourage the use of eco-friendly packaging materials, combined with the efforts of CPA (The Corrugated Packaging Alliance), a corrugated industry initiative with the mission of encouraging the use of corrugated packaging, are providing additional impetus to the growth of this market.

In Europe, Corrugate manufacturers continue to develop in terms of durability and digital printing advancements. The “light-weighting” trend is anticipated to continue, with Europe expected to be the worldwide leader. Along with the retail ready trend, the e-commerce sector will be a key demand driver for corrugated box. Furthermore, when compared to other items such as reusable plastic containers, sustainability concerns would favor corrugated boxes.According to the European Federation of Corrugated Board Manufacturers (Fefco) Yearly Statistics 2019, the processed food sector in Italy captured approximately 26.8 percent of total corrugated board shipment as a percentage of turnover, followed by beverages at 11.4 percent, dairy products at 10%, and FMCG at 6.2 percent.

Asia Pacific dominated the market, accounting for one third of the of total revenue. Rapid urbanization in densely populated nations such as China, India, and Indonesia boosts packaging goods demand. Growing environmental consciousness is projected to drive demand for greener packaging solutions, propelling market development. Government measures in some Asian nations to restrict plastic packaging are also likely to increase product usage. It is also expected to be the region's fastest-growing market.Domestic and foreign markets are projected to increase demand for technological goods, automobile components, home care, and beauty and personal care items.

In Middle East,Consumer lifestyle changes and a trend towards environmentally friendly packaging solutions will drive increasing demand for corrugated packaging products.The region's need for corrugated boxes and containerboard is being directly influenced by the region's growing e-commerce business, particularly in the Middle East.Because of the positive global economic climate and the stability of the oil market, the area is projected to gain economic development, increasing consumer disposable income to spend on e-commerce retail.The Middle East and Africa are projected to have a strong demand for frozen foods due to a rise in consumption of perishable products such as halal meat, which would drive the demography.

Key Companies Insights

Companies are engaged in various strategies, such as mergers &acquisitions, product launches, partnerships, and joint ventures to gain a greater market share. In April 2021International Paper has acquired two cutting-edge corrugated box factories in Spain, expanding its capabilities in Madrid and Catalonia, the country's two main industrial areas. The transaction's terms were not disclosed. Corrugated packaging is a significant business for International Paper in EMEA, providing high-quality packaging solutions to customers in the industrial, fresh fruit and vegetable, and e-commerce industries. In May 2021,The Great Little Box Company/Ideon Packaging (GLBC) of Richmond, BC, in collaboration with University of Saskatchewan Engineering Professor Dr. Sean Maw, have created a corrugated (cardboard) bed to augment hospital bedding in public health situations such as the present COVID-19 issue. The bed is sturdy and durable, being 58 cm tall, 92 cm broad, and 203 cm long, and it can be mass manufactured by any corrugated manufacturer.

• Great Little Box Company Ltd.
• A.D. Inc. of Milwaukee
• WestRock Company,
• Georgia-Pacific LLC
• International Paper
• DS Smith Packaging Limited
• Oji Holdings Corporation
• Smurfit Kappa Group Plc
• Uline, Inc.
• Shillington Box Co., LLC.
• Pratt Industries, Inc.
• Acme Corrugated Box Co. Inc.

Corrugated Packaging Market Report Scope