Corrugated Packaging Market Analysis By Demand, By Region, By Applications and Forecast Report Till 2032

Corrugated Packaging Market Overview

Corrugated packaging refers to the type of packaging material and structure commonly used for shipping and transporting goods. It consists of a fluted or wavy sheet, known as corrugated medium, crammed between two flat sheets, called linerboards. Corrugated packaging provides strength and rigidity to the packaging, making it suitable for protecting and containing a wide range of products during storage, handling, and transportation.

The Corrugated Packaging market is segmented by Product Type, Packaging Type and Applications.

Single Face Board, Single Wall Board, Double Wall Board, and Triple Wall Board are the Corrugated Product Types. The Single wall segment accounts for the largest share as it is commonly used in shipping boxes that weigh less and is designed for light to medium usage. In single-wall corrugated packaging, one layer of fluted material is placed between two sheets of liners. This type of packaging provides a cost-effective packaging solution which are widely used by general consumers and e-commerce businesses.

In terms of packaging types, the market is divided into boxes, Pallets, Trays, and Crates. The boxes segment accounted for the largest share owing to its use in storage containers, retail packaging, and product packaging. Due to their manageable sizes, corrugated boxes are used for packing shoes, garments, kitchenware, and many other products. Corrugated boxes are utilized for prestige, luxury, elegance, and quality packaging, and are ideal for small, high-end items such as jewelry or electronics.

In terms of corrugated packaging demand by applications, the market is bifurcated into Food & Beverages, Transportation, Electrical & Electronics, Healthcare, Home Care Products, and Personal Care products. Food & Beverages holds the largest share owing to its significant role in the Food & Beverage industry. It is used for packaging perishable goods, processed foods, beverages, snacks, and other food items.

Asia Pacific is the largest market for corrugated packaging. China has a significant share in the global market due to its large population, growing e-commerce sector, and growing manufacturing activities. The rapid growth of e-commerce in China has further fuelled the demand for corrugated packaging solutions to support the shipping and delivery of goods. North America also is a prominent player in the corrugated packaging market owing to its vast retail sector, extensive manufacturing activities, and strong e-commerce presence.

Top Corrugated Packaging Manufacturers

In February 2023, HP Introduced HP PageWide C550 Press, which is a high-speed, post-print digital corrugated press for Corrugated Packaging.

In 2023, IEMME’s central plant in Italy produced 70 million m² of cardboard, employed 100 people, and generated €40 million in revenue.

In January 2021, Rengo Co Ltd.’s Thai joint venture, Thai Containers Group, acquired 94.11% of the shares in Bien Hoa Packaging, a corrugated packaging and folding carton manufacturer in Vietnam.

In September 2021, Heinz rolled out the Heinz Eco-Friendly Sleeve Multipack, a sustainable and recyclable paperboard pouch for its multipack canned products.

In October 2020, International Paper sold its Brazilian corrugated packaging business to Klabin for $59.4 million.

Increasing demand from the Food & Beverages industry

Corrugated packaging offers excellent cushioning and shock-absorbing properties, which provide effective protection to the packaged goods during transportation and handling. It is widely used in the Food & Beverage industry as product quality, integrity, and safety are critical. In August 2021, Mondi introduced a comprehensive range of corrugated packaging solutions for the online grocery market in Central Europe.

Corrugated packaging can be easily customized in terms of size, shape, and printing. This flexibility allows businesses to create packaging solutions that are tailored to their specific products and branding requirements. Customized packaging can enhance product visibility, create a unique brand image, and improve consumer engagement. For instance, in February 2020, Mondi partnered with Cartro to create a sustainable avocado box for the fresh produce sector.

Many consumers value sustainable and recyclable packaging options and actively seek products that are packaged in environmentally friendly materials. Businesses respond to these preferences by choosing Corrugated packaging solutions as a way to meet consumer demands and enhance their brand image. The implementation of several rules and regulations on the use of single-use plastics will increase the use of corrugated packaging, especially in the Food & Beverages industry.

Rising Raw material Prices is hampering the market growth:

One major challenge in the market is the absence of cost-effective alternatives to corrugated boxes. The availability of more durable, attractive, and economical corrugated plastic containers is negatively affecting the demand for corrugated boxes. Furthermore, the rising cost of raw materials is decreasing the decline in demand for corrugated boxes.

 

 

Scope of Report 

The Corrugated Packaging Market report describes the global Corrugated Packaging Market, with focus on the country, 
applications, and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand-Supply Analysis
•  Demand Composition, by Application and End Uses
•  Capacity & Production
•  Trade (Import, Export and Net Export)
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Corrugated Packaging Market data in terms of volume and value for each end-use 
   at regional and country level
•  Corrugated Packaging Market analysis for Production, Capacity, and Demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population, and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment

1.  Introduction
      •  Scope
      •  Market Coverage
          -  Product Types 
          -  Packaging Types 
          -  Applications
          -  Regions
          -  Countries
      •  Years Considered
          -  Historical - 2016 – 2020
          -  Base - 2021
          -  Forecast Period - 2022 – 2032
      •  Research Methodology
          -  Approach
          -  Research Methodology
          -  Prismane Consulting Market Models
          -  Assumptions & Limitations
          -  Abbreviations & Definitions
          -  Conversion Factors
          -  Data Sources
2.  Market Synopsis 
      •  Market Evolution
      •  Demand Overview
      •  Industry Structure
      •  Strategic Issues
      •  End-use Trends
      •  Growth Forecast
3.  Economic & Energy Outlook
      •  GDP and Demographics
      •  Monetary & Fiscal Policies
      •  Crude Oil Production and prices
      •  Natural Gas
      •  Electricity Prices
4.  End-use Sector Performance      
      • Food & Beverages
      • Electrical and Electronics
      • Personal Care
      • Paints & Coatings
      • Others 
5.  Introduction to Corrugated Packaging and Market Overview 
      •  Product Description
      •  Grades & Properties
      •  Raw Material
      •  Manufacturing Process
      •  Environmental Issues
      •  Value Chain
      •  Applications
6.  Market Dynamics and Industry Trends 
      •  Market Dynamics and COVID-19 Impact
          -  Drivers
          -  Restraints
          -  Opportunities
          -  Challenges
7.  Global Corrugated Packaging Demand Analysis, By Product types, By Packaging Types, By Applications (Volume, Value) (2016–2032) 
      •  Strategic Issues and COVID-19 Impact
      •  Demand Analysis and Forecast (2016 – 2032)
          -  Demand
          -  Demand Growth Rate (%)
          -  Driving Force Analysis
      •  Global Corrugated Packaging Market, By Product Types
          Single Face Board
          Single Wall Board
          Double Wall Board
          Triple Wall Board
          Others
      •  Global Corrugated Packaging Market, By Packaging Types
          Box
          Pallet
          Trays
          Crates
          Others
      •  Global Corrugated Packaging Market, By Applications
          Food & Beverages
          Transportation
          Electrical & Electronics
          Healthcare
          Home Care Products
          Personal Care products
          Others
8.  Demand Analysis and Market Review, By Region, By Country (Volume, Value), (2016– 2032)
      •  Strategic Issues and COVID-19 Impact
      •  Demand Analysis and Forecast (2016-2032)
      •  Demand Growth Rate (%)
      •  Corrugated Packaging Market, By Product Types
      •  Corrugated Packaging Market, By Packaging Types
      •  Corrugated Packaging Market, By Applications
Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand(consumption) split by product types, packaging types and applications has been provided for each of the countries/regions in Volume (Kilotons) and Value (USD Million).
      •  North America
         -  USA
         -  Canada
         -  Mexico
      •  Western Europe
         -  Germany
         -  France
         -  Italy
         -  United Kingdom
         -  Spain
         -  Rest of Western Europe
      •  Central & Eastern Europe
         -  Russia
         -  Poland
         -  Rest of Central & Eastern Europe
      •  Asia-Pacific
         -  China
         -  Japan
         -  India
         -  South Korea
         -  Rest of Asia-Pacific
      •  Central & South America
      •  Middle East & Africa
Note: CAGR will be calculated for all the product types, packaging types and applications to arrive at the regional/global demand growth for the forecast period (2022 – 2032)
9.  Pricing Analysis
10.  Key Strategic Issues and Business Opportunity Assessment 
      •  Market Attractiveness Assessment
      •  Prospective & Target Market Study
11.  Strategic Recommendation & Suggestions
12.  Company Analysis and Market Share Analysis
      •  Corrugated Packaging Manufacturers Profiles/ Company Analysis
         -  Basic Details
         -  Headquarter, Key Markets
         -  Ownership
         -  Company Financial
         -  Manufacturing Bases
         -  Global Turnover
         -  Total Employee
         -  Product Portfolio / Services / Solutions
         -  Key Business Strategies adopted and Prismane Consulting Overview
         -  Recent Developments
         -  Companies Covered
             - Pratt Industries Inc
             - OJI Holdings Corporation
             - Mondi Group
             - Rengo Co Ltd
             - Westrock Company
             - Menasha Corporation
             - Saica Group
             - Georgia Pacific LLC
             - DS Smith Packaging Limited
             - Other Manufacturers
Note: This section includes company information, company financials, manufacturing bases, and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.
13.  Appendices
      •  Demand- Regions
      •  Demand– Countries

Scope of Report 

The Corrugated Packaging Market report describes the global Corrugated Packaging Market, with focus on the country, 
applications, and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand-Supply Analysis
•  Demand Composition, by Application and End Uses
•  Capacity & Production
•  Trade (Import, Export and Net Export)
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Corrugated Packaging Market data in terms of volume and value for each end-use 
   at regional and country level
•  Corrugated Packaging Market analysis for Production, Capacity, and Demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population, and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment


Frequently Asked Questions

How big is the corrugated packaging industry?
The corrugated packaging market was valued at USD 140 billion in 2022, the corrugated packaging market is expected to reach USD 159.83 billion in 2024 and grow at a CAGR of 3.9% from 2024 to 2032.