Global Corrugated Packaging Market Size, Share, Growth Analysis, By Type(Single Wall, Double Wall), By End Use(Food & Beverages, Retail)

Description

Global Corrugated Packaging Market size was valued at USD 135.45 billion in 2022 and is poised to grow from USD 142.49 billion in 2023 to USD 213.76 billion by 2031, growing at a CAGR of 5.2% during the forecast period (2024-2031).

Corrugated packaging is specifically designed to provide optimal protection for delicate, large, bulky, or high-value products during storage and transportation. It is preferred over wood and metal alternatives due to its eco-friendly nature, cost-effectiveness, and ability to be reused. The global e-commerce industry's expansion and the growing demand for environmentally friendly packaging are the primary drivers behind its market growth. However, the lack of durability in corrugated boards may limit their market potential. Various sectors, including food and beverage, healthcare, cosmetics, and consumer products, heavily rely on plastic packaging, which poses a severe threat to the environment. To combat this issue, sustainable packaging practices have been introduced to reduce the immense amount of plastic waste generated annually. Consequently, there is a shift from plastic to corrugated board packaging in response to increasing consumer demand for sustainable alternatives. As a result, the corrugated board packaging industry is expected to experience steady and significant growth in the coming years.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Corrugated Packaging Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Corrugated Packaging Market Segmental Analysis

Global Corrugated Packaging Market is segmented on the basis of type, end use and region. By type, the market is segmented into single wall, double wall, triple wall, single faced. By end user, market is segmented into food & beverages, retail, industrial, others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global Corrugated Packaging Market

The corrugated packaging market is significantly driven by the fast-moving consumer goods (FMCG) sector, encompassing products such as food, beverages, personal care items, and household products. This industry heavily relies on reliable and effective packaging solutions that guarantee product safety, easy transportation, and attractive shelf presentation. Corrugated packaging, with its durability, printability, and protective qualities, emerges as a highly suitable option for packaging FMCG products, meeting the sector's requirements effectively.

Restraints in the Global Corrugated Packaging Market

The corrugated packaging market encounters competition from alternative packaging materials like plastics, flexible packaging, and rigid packaging. These materials present various advantages such as being lightweight, durable, and offering unique design possibilities. As businesses explore diverse packaging options to cater to specific needs, the demand for corrugated packaging could be influenced.

Market Trends of the Global Corrugated Packaging Market

The corrugated packaging market has been significantly influenced by advancements in digital printing technology. This innovation allows for high-quality, vibrant, and customizable printing directly on corrugated boxes, eliminating the need for traditional printing plates. It enables shorter production runs, faster turnaround times, and cost-effective customization, making it well-suited for personalized and on-demand packaging solutions.

Product Code: SQMIG15A2244

Executive Summary
- Market Overview
- Wheel of Fortune
Research Methodology
- Information Procurement
- Secondary & Primary Data Sources
- Market Size Estimation
- Market Assumptions & Limitations
Parent Market Analysis
- Market Overview
- Market Size
- Market Dynamics
  - Drivers
  - Opportunities
  - Restraints
  - Challenges
Key Market Insights
- Technology Analysis
- Pricing Analysis
- Supply Chain Analysis
- Value Chain Analysis
- Ecosystem of the Market
- IP Analysis
- Trade Analysis
- Startup Analysis
- Raw Material Analysis
- Innovation Matrix
- Pipeline Product Analysis
- Macroeconomic Indicators
- Top Investment Analysis
- Key Success Factor
- Degree of Competition
Market Dynamics & Outlook
- Market Dynamics
  - Drivers
  - Opportunities
  - Restraints
  - Challenges
- Regulatory Landscape
- Porters Analysis
  - Competitive rivalry
  - Threat of Substitute Products
  - Bargaining Power of Buyers
  - Threat of New Entrants
  - Bargaining Power of Suppliers
- Skyquest Special Insights on Future Disruptions
  - Political Impact
  - Economic Impact
  - Social Impact
  - Technical Impact
  - Environmental Impact
  - Legal Impact
Global Corrugated Packaging Market by Type
- Market Overview
- Single Wall
- Double Wall
- Triple Wall
- Single Faced
Global Corrugated Packaging Market by End Use
- Market Overview
- Food & Beverages
- Retail
- Industrial
- Others
Global Corrugated Packaging Market Size by Region
- Market Overview
- North America
  - USA
  - Canada
- Europe
  - Germany
  - Spain
  - France
  - UK
  - Rest of Europe
- Asia Pacific
  - China
  - India
  - Japan
  - South Korea
  - Rest of Asia-Pacific
- Latin America
  - Brazil
  - Rest of Latin America
- Middle East & Africa (MEA)
  - GCC Countries
  - South Africa
  - Rest of MEA
Competitive Landscape
- Top 5 Player Comparison
- Market Positioning of Key Players, 2021
- Strategies Adopted by Key Market Players
- Top Winning Strategies
  - By Development
  - By Company
  - By Year
- Recent Activities in the Market
- Key Companies Market Share (%), 2021
Key Company Profiles
- International Paper (United States)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- WestRock (United States)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Smurfit Kappa Group (Ireland)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- DS Smith (United Kingdom)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Mondi Group (United Kingdom)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Packaging Corporation of America (United States)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Nine Dragons Paper Holdings Limited (China)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Georgia-Pacific LLC (United States)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Lee & Man Paper Manufacturing Ltd. (Hong Kong)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Oji Holdings Corporation (Japan)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Pratt Industries (United States)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Rengo Co., Ltd. (Japan)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Svenska Cellulosa Aktiebolaget (SCA) (Sweden)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Stora Enso (Finland)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Sonoco Products Company (United States)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Otorio Co., Ltd. (Japan)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Smurfit-Stone Container Corporation (United States)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Packaging Corporation of Europe (PCE) (Belgium)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Klabin S.A. (Brazil)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Bio Pappel S.A.B. de C.V. (Mexico)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- BillerudKorsnas AB (Sweden)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments

Global Corrugated Packaging Market Size, Share, Growth Analysis, By Type(Single Wall, Double Wall), By End Use(Food & Beverages, Retail) - Industry Forecast 2023-2030

Description

Table of Contents

Table of Contents