According to Market Research Future (MRFR), the global corrugated packaging market is expected to reach USD 250.9 billion, with a 5.9% CAGR from 2019 to 2025 (forecast period). The study identifies the strengths, opportunities, challenges, and future business risks and offers an accurate analysis of the global market situation under the influence of COVID-19.
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Corrugated packaging products combine cushioning with structural rigidity, offering excellent protection against fragile or heavy damage—their light and clean nature help reduce shipping costs. High-impact graphics on corrugated packaging products help to increase brand recognition, thereby helping to improve sales. In addition, corrugated packaging products are made from recycled cardboard boxes and other waste products from the paper industry. The percentage of reprocessing and recycling corrugated packaging items is also high, making them an environmentally friendly packaging option.
Market Dynamics
The global corrugated packaging market has seen substantial growth in the packaging industry over the last few years. The growing e-commerce industry, coupled with an increase in preference for sustainable packaging solutions, has further increased global demand for corrugated packaging products. E-commerce platforms have seen enormous growth in recent years due to technological advances, which have resulted in a large online customer base for corrugated packaging products.
Furthermore, the increased application in industries such as food & beverage, personal care, pharmaceuticals, consumer goods, and electronic goods has led to the industry's overall growth. Corrugated packaging is one of the most preferred packaging for small, medium, and large products, which has boosted the global demand for these products. Growth in demand for FMCG products and branded consumer durables in developing economies such as the Asia Pacific and South America has driven manufacturers to expand their distribution network, which has further contributed to increased demand for corrugated packaging.
There are numerous government regulations which lead to restrictions on corrugated packaging, such as the packaging box, which is limited to style 201 or 204 of IS: 6481-1971, it is to have a liner (separator) from the top, bottom, and center for cushioning, to protect the fragile item during shipping, and the box used for shipping should be made of corrugated fiberboard in order to bear the weight. Owing to the growing regulation of the corrugated box industry and the rise in the price of raw materials, numerous companies have been shut down due to the inability to withstand costs.
Segmentation:
The global corrugated packaging industry was studied by MRFR research analysts and they have segmented it on the basis of wall construction, type, material, and application. A proper assessment of these segments reveals figures related to volume and value that could help in an understanding of market dynamics.
By type, the study of the global corrugated packaging market includes segmentation of self-erecting boxes, rigid boxes, slotted boxes, telescope boxes, and others. The rigid boxes segment had the largest market share in 2018 and it will continue its market reign during the forecast period. The telescope boxes segment includes a full telescope design container and a half telescope design container. The slotted boxes segment has segments like half slotted containers (HSC), regular slotted containers (RSC), and full overlap slotted boxes (FOL).
By wall construction, the global corrugated packaging market includes a study of single-wall, double-wall, and triple-wall. The single-wall segment dominated the market in 2018 and it will also score the fastest CAGR during the forecast period.
By material, the global corrugated packaging market includes linerboard, medium, and others. The linerboard segment has the largest market share.
By application, the global corrugated packaging market includes electronic goods, food & beverages, personal care, pharmaceuticals, and others. In 2018, the food & beverage segment had the largest market share.
Regional Overview
North America, Europe, Asia Pacific and the rest of the world regional market for corrugated packaging are predominantly covered in the global corrugated packaging market research report. Country-level corrugated packaging markets spread across North America – the United States, Canada, and Mexico are also covered in the report. In South America – Brazil and other country-level corrugated packaging markets are covered in the report. In Asia-Pacific (APAC) region, the country-level corrugated packaging markets covered are Japan, India, China, and others. The corrugated packaging market research report also explores the regional market for corrugated packaging present in Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The corrugated packaging market research report also covers regional markets from the rest of the world alongside corrugated packaging markets of Africa and the Middle East.
Competitive Landscape
Demand for FMCG products and growth in the food & beverage and pharmaceutical industry are presumed to drive the corrugated packaging market growth worldwide. The global corrugated packaging market could be challenged by volatile raw material prices, nevertheless, organizations in the corrugated packaging market will carry the growth rate forward. The corrugated packaging market research report presents company profiles of major companies active in the corrugated packaging market globally. Furthermore, the global corrugated packaging market report offers an all-inclusive analysis of the market collected from the corrugated packaging market’s primary and secondary sources covering both decision makers and thought leaders. The corrugated packaging market research report highlights such key areas assisting businesses operating in the corrugated packaging market to build better growth strategies.
Key Players
The industry giants in the global corrugated packaging market are Mondi Group, Smurfit Kappa Group, Georgia-Pacific LLC, International Paper, Orora Packaging Australia Pty Ltd, DS Smith, Archis Packaging (India) Pvt. Ltd, Europac Group, WestRock, and Packaging Corporation of America.
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Industry News
SP Soluciones Agricolas, a Huelva-based firm, and Indesla, its affiliate, have joined together to resolve one of the key problems of berries' carton packaging. The solution incorporates a 100 percent biodegradable carton or paper support with an R-PET lid, plastic that has already been recycled and can be recycled. Solid Pack, SP Soluciones Agricolas cardboard and paper packaging division creates the support, while Indesla produces the R-PET lid.
On 27 June 2019, Smurfit Kappa Group, one of the leading manufacturers of corrugated packaging products, developed innovative e-commerce packaging for Latin American online egg vendors through eSmart. This service guarantees a minimum to no damaging of the eggs in order to scale its business across Latin America and help emerging companies drive business growth through innovative packaging.
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https://medium.com/@rgade395/corrugated-packaging-market-2021-trends-size-segment-and-industry-growth-by-forecast-to-2027-516a611bcf32
https://www.yumpu.com/en/document/view/59963341/corrugated-packaging-market-research-report-forecast-to-2023
https://www.easyfie.com/read-blog/186258_corrugated-packaging-market-global-trends-key-vendors-drivers-profits-amp-analys.html
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https://www.webpackaging.com/en/portals/marketresearchfuture/assets/12061407/global-corrugated-packaging-market-2018-industry-key-players-share-trends-applications-opportunity-assessment-and-forecast-to-2023/
https://sites.google.com/view/corrugatedpackagingindustry/home?authuser=1
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https://www.abnewswire.com/pressreleases/corrugated-packaging-market-2018-global-size-industry-share-future-trends-segmentation-and-regional-analysis-with-key-companies-review-forecast-to-2023_229930.html
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