Corrugated board packaging is the category of packaging that is based on the production of different cartons, boxes and other products with the help of corrugated fiberboard. Corrugated fiberboard is produced by adhesion of flutes and heavy paper in different layers and strengths as per the demands of the applications. Depending on the strength required additional layers of flutes are added to enhance the overall holding capacity of the product although it results in greater weightage of the packaging itself. Users have to identify the correct balance depending upon their contents of the package.
Corrugated board packaging market is growing due to biodegradable nature of the materials used in the packaging and growing rate in preferences of consumption of convenience foods; the effects of these factors are mentioned below:
Strategic launches of products and expansion of businesses undertaken by market players:
The market is segmented on the basis of type as single faced, single wall, twin wall, triple wall; applications is categorized into personal & home care, glassware & ceramics, food & beverages, paper products, textile goods, others; end-user as food & beverage, electronics & electrical industry, others.
“According to Data Bridge Market Research, global corrugated board packaging market is expected to reach USD 350.14 billion by 2026, growing with a steady CAGR during the forecast period of 2019 to 2026”
Some of the major players operating in market are Waterman (Box Makers) Ltd., Ariba & Company, Klingele Papierwerke GmbH & Co. KG, Mondi, Smurfit Kappa, Klabin, International Paper, Rengo Co.Ltd., Sealed Air, Georgia-Pacific, NIPPON PAPER INDUSTRIES CO. LTD., Amcor Limited, Cascades inc., DS Smith and SCG PACKAGING.
With the focus of authorities of different regions on promotions of materials that can be sustained for a longer period of time or even products that can be biodegradable over a period of time rather than leaving a drastic negative impact on the environment, manufacturers of different industrial domains not just packaging product manufacturers have been inclining on promoting the products that are environmentally sustainable or biodegradable.
Global Corrugated Board Packaging Market - Industry Trends and Forecast to 2028
U.S. Corrugated Board Packaging Market – Industry Trends and Forecast to 2027
Corrugated Board Packaging Market to Witness CAGR of 4.25% in the Forecast Period of 2019 to 2026
Corrugated Board Packaging Market is forecasted to grow at 4.3% with factors such as increasing demand for cartons in transportation of bottled liquids is expected to drive the growth of the U.S. Corrugated Board Packaging Market