The corrugated board packaging market, valued at USD 134.7 billion in 2022, will reach USD 217.96 billion by 2030, growing at a CAGR of 6.2% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Corrugated board packaging is a packaging product that successfully preserves, protects, and transports various goods. With its advantages, such as biodegradability, lightweight, and recyclability, corrugated board packaging is increasingly used. Along with more than 80% recycled material, corrugated board packaging includes fresh fibers from sustainably managed forests. Paperboard makes packaging suitable for various products such as food, medicines, equipment, and other goods. Heavy-duty layered paper sheets are folded, cut, and shaped into corrugated packaging to make food packaging boxes, cardboard boxes, juice boxes, milk cartons, and other items.
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Some of the major players operating in the corrugated board packaging market are:
- International Paper (U.S.)
- Mondi (U.K.)
- Smurfit Kappa (Ireland)
- Cascades Inc. (Canada)
- WestRock Company (U.S.)
- DS Smith (U.K.)
- NIPPON PAPER INDUSTRIES CO., LTD. (Japan)
- Georgia-Pacific (U.S.)
- Neway Packaging (U.S.)
- Arabian Packaging Co L.L.C. (U.A.E)
Corrugated board packaging is made up of multiple layers of fluted paperboard that are bonded together with a linerboard. The fluted layer provides cushioning and strength to the package, while the linerboard acts as a smooth surface for printing and labeling. Corrugated board packaging is available in various grades, depending on the strength and durability required for the application.
The growth of e-commerce has been a significant driver of the corrugated board packaging market. With the rise of online shopping, there has been an increase in demand for shipping and packaging materials. Corrugated board packaging is the preferred choice for e-commerce companies as it is lightweight, easy to handle, and cost-effective. Additionally, it is also eco-friendly, which is an essential consideration for many consumers.
Another driver of the corrugated board packaging market is the increasing demand for sustainable packaging solutions. Corrugated board packaging is 100% recyclable, making it an environmentally friendly option compared to other packaging materials like plastics. Many companies are now switching to corrugated board packaging to reduce their environmental impact and meet the growing demand for sustainable packaging solutions.
The corrugated board packaging market is highly competitive, with many players vying for market share. Some of the key players in the market include International Paper Company, WestRock Company, Smurfit Kappa Group, Georgia-Pacific LLC, and DS Smith Plc. These companies are continually innovating and investing in new technologies to improve the quality and efficiency of corrugated board packaging.
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Global Corrugated Board Packaging Market Scope
Raw Material
- Linerboard
- Medium
Style
- Slotted Box
- Telescopes
- Folders
- Trays
- Die Cut Bliss
- Die Cut Interiors
Grade
- Unbleached Kraft liner
- White-Top Kraft liner
- Waste-Based Fluting
- Semi-Chemical Fluting
End-Use
- Processed Foods
- Healthcare
- Beverages
- Textiles
- Personal Care
- Paper Products
- Tobacco
- Other
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