Corrugated Packaging Market Growth Factors, Top Trends, Competitive Strategies and Forecast by 2030

Corrugated packaging market is projected to be worth USD 415.73 Billion by 2030, registering a CAGR of 5% during the forecast period (2022 – 2030)

In the global corrugated packaging market, the size of the corrugated packaging market has increased dramatically recently. Corrugated boxes are being used more and more frequently in the food and beverage and e-commerce sectors globally. Therefore, corrugated board packaging is a flexible and cost-effective way to protect, store, and convey a variety of goods. The expansion of the corrugated packaging market is greatly influenced by corrugated boards, which are lightweight, biodegradable, and recyclable.

The growing e-commerce industry, which is accompanied by a growth in demand for ecologically friendly packaging choices and is the primary driver of the corrugated packaging market share, is one of the factors contributing to the rise in corrugated packaging market trends. Due to recent technical advancements, e-commerce platforms have expanded dramatically, producing a sizable online audience for corrugated packaging materials. Increasing application in industries like food & beverage, personal care, pharmaceuticals, consumer goods, and electrical goods has also helped the market expand.

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Since corrugated packaging is one of the most frequently used packaging alternatives for small, medium, and large-sized products, there is an increasing need for it on a global scale. Corrugated packaging’s durability and sturdiness, which are anticipated to gradually increase during the anticipated period ending in 2030, have also contributed to the industry’s growth. One of the market trends for corrugated packaging is this.

Regional Analysis:

North America, Europe, Asia-Pacific, and the rest of the globe are the regions into which the corrugated packaging market is divided. The Asia-Pacific region, which accounted for more than 35% of the worldwide market, is also anticipated to develop most quickly over the course of the forecasted year. This is because the demand for corrugated packaging in the region is expected to rise as the pharmaceutical, food, and beverage industries expand in developing countries like China, India, Malaysia, Indonesia, and Indonesia. The Corrugated Packaging Alliance (CPA), a programme run by the corrugated industry to promote the use of corrugated packaging, and the use of environmentally friendly packaging materials are two factors contributing to the market’s growth.

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Market Segmentation:

Materials are further divided into segments based on type, application, wall construction, and many other factors to aid in the market’s growth by the anticipated CAGR increase by the end of 2030. In the market segmentation, it has be categorized based on the type such as rigid Boxes, self-erecting Boxes, telescope Boxes, slotted Boxes, and folder Boxes.

Based on application, they are food and beverages, electronic goods, pharmaceuticals, personal care, chemicals, textile Goods.

There are just three market segments kinds for wall construction which are  single, double, and triple walls. Wax and other starch-based adhesives are additional types of application-based market segmentation in the industry, along with linerboard, medium, and other types.

Key Players:

The market for corrugated packaging is expected to have expanded at a CAGR of 5.9% by the end of the forecast period in 2030. Significant market participants and corrugated cardboard box producers have emerged to help the market grow and accomplish the projected numbers by the conclusion of the forecast period in 2030. Businesses constantly develop fresh concepts and offer eco-friendly packaging solutions to promote sustainable packaging. The market leaders which have been recognised as the leaders of the global corrugated packaging market as a result of recent developments they have made are Mondi Group Plc (South Africa), International Paper Company (U.S.), West Rock Company (U.S.), DS Smith Plc (U.K.), Rengo Co. Ltd. (Japan), Cascades Inc. (Canada), Packaging Corporation of America (U.S.), Georgia-Pacific LLC (U.S.), Smurfit Kappa Group (Ireland).

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