The Global Corrugated Packaging Market will Hit $170.5 Billion by 2028, at a CAGR of 4.6%

Published Date: 28-Feb-2023

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Corrugated Packaging Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Corrugated Packaging Market size is expected to reach $170.5 billion by 2028, rising at a market growth of 4.6% CAGR during the forecast period.

The Food & Beverages segment acquired maximum revenue share in the Global Corrugated Packaging Market by Industry in 2021 thereby, achieving a market value of $59.8 billion by 2028. One of the most economical secondary packaging materials used in the food and beverage industries is corrugated boxes. For cakes, confectionery, and ready-to-eat (RTE) bakery goods, corrugated packaging is crucial for maintaining food quality and ensuring food safety over the product's shelf life. Due to its non-reactive nature, corrugated packaging is a great option for long-term storage, transportation, and packaging of food.

The Double Wall segment has shown the growth rate of 4.8% during (2022 - 2028). For the packaging of bulky electronics or healthcare and homecare products, greater strength and durability are required. In addition, consumer goods like computers, washing machines, fans, air conditioners, and other items that require greater protection, especially during transit, are in high demand worldwide because of the growing popularity of e-commerce. Consequently, the expansion of the double wall packaging segment is being aided by the increasing penetration of e-commerce.

The Boxes segment is leading the Global Corrugated Packaging Market by Packaging Type in 2021 thereby, achieving a market value of $61.8 billion by 2028. Folded boxes, telescope boxes, slotted boxes, and rigid boxes are all variations of corrugated boxes. Slotted boxes are constructed from a single piece with bottom and top flaps taped, stitched, or glued to the manufacturer's junction. It is ideal for product packaging, retail packaging, and storage containers. Telescopic boxes are commonly used to pack various products, including shoes, clothing, kitchenware, and many others, due to these boxes' manageable proportions.

The Asia Pacific market dominated the Global Corrugated Packaging Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $63.1 billion by 2028. The Europe market is exhibiting a CAGR of 4.1% during (2022 - 2028). Additionally, The North America market would showcase a CAGR of 3.9% during (2022 - 2028).

Full Report:

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of DS Smith Plc, Georgia-Pacific LLC (Koch Industries, Inc.), Mondi Plc, Oji Holdings Corporation, International Paper Company, WestRock Company, Smurfit Kappa Group plc, Menasha Corporation, Packaging Corporation of America, and Rengo Co., Ltd.

Global Corrugated Packaging Market Segmentation

By Industry

  • Food & Beverages
  • Electronic Goods
  • Personal Care
  • Pharmaceuticals
  • Others

By Wall Type

  • Single Wall
  • Double Wall
  • Triple Wall
  • Single Face

By Packaging Type

  • Boxes
  • Sheets
  • Trays
  • Containers
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • DS Smith Plc
  • Georgia-Pacific LLC (Koch Industries, Inc.)
  • Mondi Plc
  • Oji Holdings Corporation
  • International Paper Company
  • WestRock Company
  • Smurfit Kappa Group plc
  • Menasha Corporation
  • Packaging Corporation of America
  • Rengo Co., Ltd

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Related Reports:

North America Corrugated Packaging Market size & Opportunities 2022-2028

Europe Corrugated Packaging Market & Growth Forecast 2022-2028

Asia Pacific Corrugated Packaging Market Share & Industry Outlook to 2028

LAMEA Corrugated Packaging Market Growth, Trends & Forecasts 2022-2028

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