Corrugated Board Packaging Market Share, Size, Growth and Opportunities by 2029

Global Corrugated Board Packaging Market, By Raw Material (Linerboard & Medium), Style (Slotted Box, Telescopes, Folders, Trays, Sheets, Fanfold, Die Cut Bliss & Die Cut Interiors), Grade (Unbleached Testliner, White-Top Testliner, Unbleached Kraftliner, White-Top Kraftliner, Waste-Based Fluting & 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 & Other), Country (U.S., Canada, Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Poland, Finland, Sweden, Norway, Lithuania, Latvia, Estonia and Rest of Europe, China, South Korea, Japan, Hong Kong, India, Australia and New Zealand, Taiwan, Singapore, Malaysia, Indonesia, Thailand, Philippines and Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Israel, Egypt and rest of Middle East and Africa, Brazil, Argentina and Rest of South America) Industry Trends and Forecast to 2029.

Market Analysis and Insights: Global Corrugated Board Packaging Market

Global corrugated board packaging market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with the CAGR of 5.7% in the forecast period of 2022 to 2029 and expected to reach 423,036.15 million by 2029. Growing small and medium-sized corrugated board packaging in the food and beverage packaging industry and increasing preferences for recycled corrugated products in the packaging industry. In order to fulfill the growing demand for corrugated board packaging products in the building and construction and electronics industry, some companies are expanding their production capacities by entering into acquisition, joint venture and launching products across different regions.

Corrugated board packaging products are designed to give an extreme protection to fragile, heavy, bulky, or high-value products in storage and transit. A corrugated board packaging with several layers provides strength to the packaging product and makes it stronger than average cardboard. Different types of liners are used in the corrugated cardboard to provide the strength such as kraft liners, test liners, and chip linear. Corrugated paperboard also acts as the cushion for the product in transit. Corrugated packaging products are 100% renewable and cost-effective in nature and used to replace wood and metal packaging. There are several types of corrugated board packaging such as single-phase, single-wall, double wallboard, triple wallboard, and others. Single-phase corrugated board packaging includes a single flute and one or two sheets of the linear board. Single wall corrugated board packaging involves one sheet of the corrugated medium glued and placed in between two sheets of the liner board. Double wallboard refers to that type of corrugated board packaging consisting of two layers of the corrugated medium glued between three layers of the liner board. Triple wallboard refers to that type of corrugated board packaging, which is considered the strongest of all kinds of corrugated board packaging as it consists of three layers of the corrugated medium and the four-layer of the liner board.

Increasing purchases toward light weight corrugated boxes across industries are expected to boost the market growth however, stringent government regulations for packaging of products are expected to restrain the global corrugated board packaging market. Rise in acquisition & collaboration between companies is expected to create opportunity for the market to grow but Lack of awareness about the sustainability of the packaging is causing a major challenge for the growth of the market.

The corrugated board packaging market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the Corrugated Board Packaging market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.

Corrugated Board Packaging Market Scope and Market Size

Global corrugated board packaging market is segmented into four notable segments which are based on the grade, raw material, style and end-use. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the basis of raw material, the global corrugated board packaging market is segmented into linerboard and medium. In 2022, the linerboard segment is expected to dominate the global corrugated board packaging market due to the easy processing techniques, improved efficiencies as well as easier usage. However, limited amount of strength restricts consumption in the market.

On the basis of style segment, the global corrugated board packaging market is segmented into slotted box, telescopes, folders, trays, die cut bliss, die cut interiors, sheets, and fanfold. In 2022, the slotted box segment is expected to dominate the market owing to its growing application in the food and beverage industry in the global market. The easy availability in the market drives the slotted box segment in the global market.

On the basis of grade segment, the global corrugated board packaging market is segmented into white-top kraftliner, unbleached kraftliner, white-top testliner, unbleached testliner, waste-based fluting, and semi-chemical fluting. In 2022, the unbleached testliner segment is expected to dominate the market owing to availability in abundance, which maximizes consumption in the global market. The force's resistance properties maximize application in various areas that drive the unbleached testliner segment in the global market.

On the basis of end-use segment, the global corrugated board packaging market is segmented into processed foods, fruits and vegetables, beverages, personal care, healthcare, household care, chemicals, paper products, electrical goods, glassware and ceramics, wood and timber products, textiles, tobacco, vehicle parts, and others. In 2022, the processed food segment is expected to dominate the market owing to increasing demand for packaged food in developing countries. The easy carrying properties drive the food and beverages segment in the global market.

Corrugated Board Packaging Market Country Level Analysis

The corrugated board packaging market is analyzed and market size information is provided by the country, raw material, style, grade and end-use as referenced above.

The countries covered in the corrugated board packaging market report are the U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Netherlands, Belgium, Russia, Turkey, Switzerland, Poland, Finland, Sweden, Norway, Lithuania, Latvia, Estonia, Rest of Europe, China, India, Japan, South Korea, Indonesia, Hong Kong, Taiwan, Singapore, Australia and New Zealand, Malaysia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America.

The linerboard segment is expected to grow with the highest growth rate in the forecast period of 2022 to 2029 due to the easy processing techniques, improved efficiencies as well as easier usage. China dominates the Asia Pacific region as China has been the largest producer and consumer of corrugated packaging, which is believed to continue over the forecast period. Booming sales of processed foods and beverages, especially in country, account for the robust growth of the China market. Germany dominates the Europe region due to growing demand for fresh food & beverages, home & personal products, logistics application, electronic goods, building consumer awareness towards sustainable packaging, and growth of the e-commerce industry have led to a regular progression in the corrugated packaging demand in Germany. U.S. dominates the North America region due to the growing awareness among consumers regarding the usage of environment-friendly products is expected to drive the demand for the corrugated board packaging market in U.S. over the forecast period.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

Growing inclination of purchases toward light weight corrugated boxes across the industry is expected to drive the growth of the market

The corrugated board packaging market also provides you with detailed market analysis for every country growth in particular market. Additionally, it provides the detail information regarding the market players’ strategy and their geographical presence. The data is available for historic period 2020.

Competitive Landscape and Corrugated Board Packaging Market Share Analysis

Corrugated board packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to corrugated board packaging market.

Some of the major players operating in the corrugated board packaging market are International Paper, Mondi, Smurfit Kappa, Cascades Inc., WestRock Company, Oji Holdings Corporation, Packaging Corporation of America, Sealed Air, Rengo Co., Ltd., DS Smith, NIPPON PAPER INDUSTRIES CO., LTD., NEFAB GROUP, Neway Packaging, Georgia-Pacific, Arabian Packaging Co LLC, Wertheimer Box Corp., Klabin S.A., Klingele Papierwerke GmbH & Co. KG, B Smith Packaging Ltd, and Jonsac AB among others.

Many contracts and agreements are also initiated by the companies’ worldwide which are also accelerating the corrugated board packaging market.

For instances,

In January 2021, International Paper decides to sell off its corrugated packaging business in turkey. The agreement was between International Paper and Mondi Group. To serve the market for an advantage position this agreement was done between the companies. The markets will see improvement in packaging industries.

In August 2021, Mondi rolled out its range of sustainable corrugated packaging solution for online grocery delivery services across Europe. Seven new packaging solution meets the demand for the new packaging solutions for delivery. Company has introduced new product for the delivery purpose during COVID. The market will be nourished by these products for the delivery purpose.

SKU-30433

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Global Corrugated Board Packaging Market – Industry Trends and Forecast to 2029

Market Analysis and Insights: Global Corrugated Board Packaging Market

Corrugated Board Packaging Market Scope and Market Size

Corrugated Board Packaging Market Country Level Analysis

Competitive Landscape and Corrugated Board Packaging Market Share Analysis

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Research Methodology:

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