Corrugated Packaging Market Size, Share, Growth and Industry Analysis by Type (Single Faced, Single Wall, Twin Wall, and, Triple Wall) By Application (Food & Beverages, Electrical & Electronics, Home Care Products, Personal Care Products, Ecommerce, Transportation & Logistics, and, Healthcare) Regional Forecast To 2032

Updated On: 04 November 2024

• 

  Request a Free Sample to learn more about this report

CORRUGATED PACKAGING MARKET REPORT OVERVIEW

The global Corrugated Packaging Market Size was USD 209.9 billion in 2023 and the market is projected to touch USD 266.4 billion by 2032, exhibiting a CAGR of 2.1 % during the forecast period.

Corrugated packaging is strong material used mainly for the purpose of transportation and storage of goods. It is a combination of fluted corrugated sheet stuck in between two flat linerboards which offers greater strength to any product. Corrugated packaging is eco-friendly as well because it can be recycled and decomposed. The possibility of being printed upon provides insight into branding and products giving added revenue to vendors while shipping the goods without any damage.

COVID-19 impact: Increased Trend of E-commerce during Pandemic Increased Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

Corrugated packaging is also affected by COVID-19 which has propelled the trend of e-commerce and home delivery, thereby bolstering an already strong count for robust & hygienic material requirements. Corrugated solutions are needed to safely package goods shipped via e-commerce transactions. Other factors that contributed to packaging evolution incorporate better attention to personal hygiene during the pandemic also prompting packaging solutions with safety and nullify menace. A current issue was noted in material availability and price since the supply chains were disrupted due to the rising demand. Most importantly, corrugated packaging and logistics have kept on improving, especially, still in some extent as the part of the COVID-19 in 2020.

LATEST TRENDS

" Invention of Environmentally Friendly Materials and Processes to Accelerate Market Growth"

Recent trends in corrugated packaging include the invention of environmentally friendly materials and processes, designed to reduce the environmental footprint of the industry. Some of the specifics of the current development of corrugated packaging include the introduction of what are widely known as the green material and green processes in efforts to solve problems created by the industry in the environment. This comprises utilize of recycled fibres and water-soluble adhesives for example timber labelled for recycling locally and water-soluble glue. Printability has improved for high quality with the help of digital printing process, which also offers chance for customization and branding. Smart packaging therefore employs the use of QR code and RFID for traceability and identification. It is worth indicating that such new functionalities as low weight/sharp strength and easy opening/closing have been created by innovative alterations in structural design. These trends are driving sustainability, efficiency and consumer interaction into future packaging technologies in the industry. These trends are driving the corrugated packaging market growth.

• 

  Request a Free Sample to learn more about this report

CORRUGATED PACKAGING MARKET SEGMENTATION

By Type:

Single faced, single wall, twin wall, and, triple wall

• Single Faced: Single-faced corrugated packaging is made up of a sheet of fluted corrugated paper adhered to one flat linerboard. It is commonly used as a protective layer or in lightweight, flexible packaging applications.
• Single Wall: A single-wall corrugated packaging has one layer of fluted material in between a face sheet and a back liner, making it sturdy yet pliable. This kind of packaging is widely used for the transportation and storage of different types of goods.
• Twin Wall: Twin-wall corrugated packaging consists of two layers of fluted paper between three linerboards providing superior strength and protection for heavy duty applications where additional strength and impact resistance is required.
• Triple Wall: Triple-wall corrugated packaging is constructed using three sheets of fluted paper or five sheets of paper in total, sandwiched between four linerboards. This format offers maximum strength and protection and is used for the most arduous shipping and storage applications, typically for heavy or fragile products.

By Application:

Food & beverages, electrical & electronics, home care products, personal care products, ecommerce, transportation & logistics, and, healthcare

• Food & Beverages: Corrugated Packaging for food and beverages are used to maintain freshness of the product and to ensure that the product is safe during shipment and storage. It comes in moisture resistance as well tamper evident seal to meet with regulatory requirement.

• Electrical & Electronics: For high-value products that are sensitive to shock and static damage, e-commerce packaging engineered with corrugated board provides the necessary containment strength. Inserts and cushioning can be designed into the package to hold the product securely in place.
• Home Care Products: Home care products are commonly packed in corrugated in order to provide product safety & integrity throughout the distribution journey. Some designs use perforated easy-opening tear strips while others take advantage of the box strength to carry primary packs.
• Personal Care Products: Being used for personal care products corrugated boxes are more aesthetic and functional goods. They can use high quality printing and secure closures to create a better appearance of the packaging. It not only serves as a protection to goods but also as a means of enhancing brand presentation and consumer appeal.
• Ecommerce: In ecommerce, we design our corrugated packaging to be efficient and sustainable and fit a variety of product sizes, all while getting everything safely to where it needs to go. Companies are constantly developing new solutions including customizable boxes and environmentally responsible materials.
• Transportation & Logistics: For transportation & logistics, Corrugated Packaging provides strength and stability to pack heavy & large sized items. It has features like stacking, barcodes for easy handling & tracking.
• Healthcare: Healthcare packaging uses corrugated solutions to maintain sterility and comply with regulatory standards. It often includes tamper-evident features and secure closures to protect sensitive medical products.

DRIVING FACTORS

"Development and Innovation in Digital Printing Technology to Propel Market Growth"

Trends that are important in corrugated packaging are the increasing need for green products because of the ballooning population and change of attitude among both business entities and individuals towards ecological products. Increasing e-commerce industry demands the packaging material that is solid and can be adapted to safeguard the products during transportation. The developments in digital printing increase the quality of branding and intensify consumer interactions. Further, it is now mandatory for the products to be safe for use and fresh, which has also challenged producers to come up with new packaging materials and designs. Sen and D. Sheth state that due to its low cost and effectiveness in logistics, corrugated packaging is used across different fields. All of the above-mentioned factors are driving the corrugated packaging market share.

"Diversified Demands for Need to Extend Shelf Life to Propel Market Growth "

Other drivers for corrugated packaging include consumer inclination towards over pack convenience and easy handling which leads to features such as easy open and lite weight. Trends such as globalization of the supply chain require packaging furniture that can endure strength and protection journey long distances. Also, improvements that are made on the manufacturing side provide an even better outcome of corrugated packaging in terms of effectiveness and flexibility. Even the diversified demands for the need to extend the shelf life and enhance the quality of its products require different coating and treatments. In view of this, it can be concluded that such factors enhance the development and utilization of corrugated packaging products.

RESTRAINING FACTOR

"Variation of Raw Materials Prices That Affects the Overall Price to Decrease Market Growth"

Limiting factors of corrugated packaging encompass variation of raw materials prices that affects the overall price of the product and the profitability. Other environmental issues arising from recycling and or waste management also come with challenges even with the fact that corrugated materials are recyclable. A major drawback is that it has short wear resistance properties for some of the severe operative application. Besides, they bring inconveniences and costs in their supply chain patterns. Regulation of products and services may pose different regulations across the countries and thus the complexities in production and distribution. All these factors collectively define corrugated packaging solution performance and overall project cost factors.

• 

  Request a Free Sample to learn more about this report

CORRUGATED PACKAGING REGIONAL INSIGHTS

"The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa"

"Asia Pacific to Dominate Market Share Due to Highly Developed Regional Manufacturing Competencies and Low Costs"

Asia-Pacific is among the most prominent regions that consume corrugated packaging at a high rate because of increased industrialization and a growing online market. A number of countries such as China and India act as producers and consumers of the corrugated packaging because they have vast manufacturing segments. Sustainability of packaging in the region and invention of designs also enhance leadership based on the strategy. Also, raising customer consciousness regarding eco-friendly and affordable packaging contributes to expansion. Fluctuating changes in the market also play a role in the growth of Asia-Pacific comprising sixty percent of the global corrugated packaging production bolstered by the technological enhancement of the packaging machines.

Key Industry Players

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market. This report provides a detailed view on how the industries implement these strategies

List of Market Players Profiled

• DS Smith Packaging (U.K.)
• Packaging (U.S.)
• International Paper (U.S.)
• Menasha (U.S.)
• Corrugated Container (U.S.)

INDUSTRIAL DEVELOPMENT

January 2023: Smart corrugated boxes with sensors already integrated in them were introduced in 2023. These are to check on parameters including temperature, humidity and shock during transportation. For instance, firms such as Pack size introduced options for monitoring and controlling the packing procedures of the food and pharmaceutics industries in real-time while maintaining the right temperature throughout the supply chain. The use of this technology can increase the safety of the product, minimize waste, and generate relevant information that helps in designing a better logistics system and customer satisfaction surveys. This paper also established that incorporating IoT with corrugated packaging is a major step towards enhancing quality control.

Report Coverage

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.