The global corrugated board packaging market is projected to grow at a robust CAGR during the forecast period, between 2021 and 2028. Corrugated packaging refers to a type of packaging that gives protection to extremely fragile and delicate items during storage or transit. These board packages are made of several layers and types of liners to provide a cushioning effect to the products in transit.
Triple wallboard, double wallboard, and single-wall are major types of corrugated board packaging methods that serve as a high-performance packaging type. These corrugated packages can also be imprinted with the label of the manufacturers or companies to promote their products.
Attributes |
Details |
Report Title |
Corrugated Board Packaging Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Raw Materials (Linerboard and Medium), Styles (Telescopes, Slotted Box, Trays, Sheets, Folders, Die Cut Bliss, Fanfold, and Die Cut Interiors), Grades (White-top Test Liner, Unbleached Test Liner, White-top Kraft Liner, Waste-based Fluting, Unbleached Kraft Liner, and Semi-chemical Fluting), End-users (Textiles, Food & Beverage, Healthcare, Chemicals, Personal Care, Electrical Goods, Vehicle Parts, Glassware & Ceramics, Wood & Timber Products, Household Care, Fruits & Vegetables, Paper Products, Tobacco, and Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
International Paper Company; DS Smith PLC; Mondi Group; Smurfit Kappa Group; and WestRock Company |
The report on the global corrugated board packaging market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Based on raw materials, the corrugated board packaging market is bifurcated into linerboard and medium. The linerboard segment is expected to account for a significant market share in the coming years owing to increase in demand for linerboard materials in the market. Several efficient processing techniques are available that ensure better product quality and easier usage of linerboard. Corrugated board packaging materials is primarily made by using linerboards as these materials provide easier packaging methods that ensure the distinctive printing and designing of the logo of the company, which allows to effective promotion of products.
On the basis of styles, the market is segmented into telescopes, slotted box, trays, sheets, folders, die cut bliss, fanfold, and die cut interiors. The slotted box segment accounted for a significant share of the market in 2020 and is projected to grow at a robust rate during the forecast period. Slotted boxes have a high demand in the food & beverage industry owing to increasing needs for packing food and other ingredients especially the processed meats and fresh vegetables. It is a sustainable method of food packaging that provides prevention from leakage and keeping the food protected during delivery or transit.
Based on grades, the market is classified as white-top test liner, unbleached test liner, white-top kraft liner, waste-based fluting, unbleached kraft liner, and semi-chemical fluting. The unbleached test liner segment is expected to exhibit significant market growth in the coming years owing to the abundance availability unbleached test liners in the market. The adoption of unbleached test liners in the package makes the products strong and reliable for frequent use.
On the basis of end-users, the market is segmented into textiles, food & beverage, healthcare, chemicals, personal care, electrical goods, vehicle parts, glassware & ceramics, wood & timber products, household care, fruits & vegetables, paper products, tobacco, and others. The food & beverage segment is projected to witness market expansion in the coming years owing to the increasing demand for corrugated boxes for delivery of food products. With the new trend of food delivery service, the effective food packaging is required to ensure the food safety. Increasing awareness regarding the environment protection among food service institutions has positively impacted the growth of this segment.
In terms of regions, the global corrugated board packaging market is categorized as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to register a robust rate during the forecast period owing to the increasing collaborations by the key players towards launching sustainable and eco-friendly packaging boxes. The increase in innovations such as corrugated boxes with temperature control systems has further driven the market in the region.
Key players in the global corrugated board packaging market include International Paper Company; DS Smith PLC; Mondi Group; Smurfit Kappa Group; and WestRock Company. These players have widely engaged in various business development strategies including mergers & acquisitions, collaborations, agreements, new product launches, and partnerships to strengthen their geographical presence and expand their consumer base globally. COOLandFREEZE, one of such innovations developed by the THIMM Group, has temperature control systems for efficient shipping and transit of items, which ensures effective insulation and constant refrigeration of processed foods.
Key players in the global corrugated board packaging market include International Paper Company; DS Smith PLC; Mondi Group; Smurfit Kappa Group; and WestRock Company. These players have widely engaged in various business development strategies including mergers & acquisitions, collaborations, agreements, new product launches, and partnerships to strengthen their geographical presence and expand their consumer base globally. COOLandFREEZE, one of such innovations developed by the THIMM Group, has temperature control systems for efficient shipping and transit of items, which ensures effective insulation and constant refrigeration of processed foods.
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