The global corrugated board packaging market represents a dynamic sector integral to the packaging industry. The corrugated board, characterized by its durable and versatile structure, is a popular choice for packaging solutions across various sectors. This market encompasses the production, distribution, and consumption of corrugated board packaging, meeting the diverse needs of businesses worldwide. As a vital component of the packaging landscape, the global corrugated board packaging market continues to adapt to changing market dynamics, demonstrating resilience and versatility in meeting the evolving demands of the global supply chain.
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Data bridge market research analyses that the Global Corrugated Board Packaging Market, valued at USD 134.7 billion in 2022, will reach USD 217.96 billion by 2030, growing at a CAGR of 6.2% during the forecast period of 2023 to 2030. The surge in online shopping and e-commerce has heightened the demand for robust packaging, making the corrugated board the preferred solution due to its inherent strength and durability. As consumers increasingly rely on deliveries, the protective qualities of corrugated boards align with the requirements of safe and secure product transportation.
Key Findings of the Study
Customization and branding opportunities are expected to drive the market's growth rate
Corrugated board packaging empowers businesses with customizable designs, enabling the expression of distinctive brand identities. This personalized approach facilitates the creation of visually striking packaging, fostering a competitive edge. Through the integration of logos, colors, and brand elements, companies enhance recognition and craft memorable unboxing experiences. This focus on differentiation and branding attention is a compelling factor, elevating the demand for corrugated board packaging in the market.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Raw Material (Linerboard and Medium), Style (Slotted Box, Telescopes, Folders, Trays, Sheets, Fanfold, Die Cut Bliss and Die Cut Interiors), Grade (Unbleached Test liner, White-Top Test liner, Unbleached Kraft liner, White-Top Kraft liner, Waste-Based Fluting, and Semi-Chemical Fluting), End-Use (Processed Foods, Healthcare, Beverages, Chemicals, Textiles, Personal Care, Electrical Goods, Vehicle Parts, Glassware and Ceramics, Wood and Timber Products, Household Care, Fruits and Vegetables, Paper Products, Tobacco and Other)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
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Market Players Covered
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International Paper (U.S.), Mondi (U.K.), Smurfit Kappa (Ireland), Cascades inc. (Canada), WestRock Company (U.S.), Oji Holdings Corporation (U.S.), Packaging Corporation of America (U.S.), Sealed Air (U.S.), Rengo Co., Ltd. (Japan), DS Smith (U.K.), NIPPON PAPER INDUSTRIES CO., LTD. (Japan), Georgia-Pacific (U.S.), Neway Packaging (U.S.), Arabian Packaging Co L.L.C. (U.A.E), Wertheimer Box Corp. (U.S.), Klabin S.A. (Brazil), Klingele Paper and Packaging S.E. and Co. K.G. (Germany), B Smith Packaging Ltd (U.K.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The global corrugated board packaging market is segmented on the basis of raw material, style, grade, and end-use.
- On the basis of raw material, the global corrugated board packaging market is segmented into linerboard and medium
- On the basis of style, the global corrugated board packaging market is segmented into slotted box, telescopes, folders, trays, sheets, fanfold, die cut bliss and die cut interiors
- On the basis of grade, the global corrugated board packaging market is segmented into unbleached test liner, white-top test liner, unbleached kraft liner, white-top kraft liner, waste-based fluting, and semi-chemical fluting
- On the basis of end-use, the global corrugated board packaging market is segmented into processed foods, healthcare, beverages, chemicals, textiles, personal care, electrical goods, vehicle parts, glassware and ceramics, wood and timber products, household care, fruits and vegetables, paper products, tobacco and other
Major Players
Data Bridge Market Research recognizes the following companies as the major global corrugated board packaging market players in global corrugated board packaging market are International Paper (U.S.), Mondi (U.K.), Smurfit Kappa (Ireland), Cascades inc. (Canada), WestRock Company (U.S.), Oji Holdings Corporation (U.S.), Packaging Corporation of America (U.S.), Sealed Air (U.S.), Rengo Co., Ltd. (Japan), DS Smith (U.K.)
Market Developments
- In 2022, the remaining interest in GRUPO Gondi was purchased by Westrock Co., A U.S.-based manufacturer of containerboard and packaging, for USD 970 billion plus the assumption of debt. GRUPO Gondi runs nine corrugated packaging plants, four paper mills, and six high graphic plants throughout Mexico. After the transaction was completed, the company reportedly strengthened its position in the expanding Latin American markets.
- In 2022, Menasha Packaging Company, L.L.C., a subsidiary of Menasha Corporation, disclosed the signing of an asset acquisition agreement with color-box, a business unit of Georgia-Pacific, L.L.C. The completion is expected in early summer 2022. Both entities specialize in high-graphic corrugated packaging. This strategic partnership aims to enhance Menasha's geographic presence and provide clients with expanded graphic, design, and structural packaging choices.
- In 2021, International paper decided to divest Turkey's corrugated packaging business. Mondi Group and International Paper were the parties to the agreement. This agreement was made between the companies to serve the market and give them an advantage. The packaging industry will experience growth in the market.
- In 2021, Mondi launched a selection of environmentally friendly corrugated packaging options for online grocery delivery services throughout Europe. Seven new packaging solutions meet the demand for new delivery packaging solutions. During Covid, the company introduced a new product for delivery purposes. These products will feed the delivery market.
Regional Analysis
Geographically, the countries covered in the global corrugated board packaging market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in the global corrugated board packaging market during the forecast period 2023-2030
Asia-Pacific dominates the global corrugated board packaging market, set to sustain its trend of dominance. This is attributed to easy processing techniques, enhanced efficiencies, and widespread use of corrugated box packaging in China's industry. The surge in demand for processed foods and beverages in the region further propels the market's growth, making Asia-Pacific a pivotal player in the flourishing corrugated board packaging landscape during the forecast period.
North America is estimated to be the fastest-growing region in the global corrugated board packaging market during the forecast period 2023-2030
North America is expected to dominate the global corrugated board packaging market, showcasing the highest growth rate. The surge in demand for fresh food, beverages, and home and personal products, coupled with the booming e-commerce industry, propels consistent growth in corrugated packaging. The U.S., particularly, leads the region, driven by increasing consumer awareness favoring environmentally friendly products. This heightened consciousness contributes to the region's robust corrugated board packaging sector expansion.
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