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Corrugated Board Packaging Market Size, Share, Analysis 2031
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Corrugated Board Packaging Market Size, Share, Analysis 2031

Segments - Global Corrugated Board Packaging Market by 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), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2023-2031

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Author : Riddhesh Dani
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Fact-checked by : Harneet Meher
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Editor : Shruti Bhat

Upcoming | Report ID :MC-3136 | 4.9 Rating | 80 Reviews | 175 Pages | Format : PDF Excel PPT

Report Description


Global Corrugated Board Packaging Market Outlook 2031

The global corrugated board packaging market size was USD 176.22 Billion in 2022 and is projected to reach USD 246.29 Billion by 2031 at a robust CAGR 3.79% during the forecast period, between 2023 - 2031. 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.

Corrugated Board Packaging Market Outlook

  • Factors such as cost-effectiveness, light weight corrugated boxes, and easy renewability of corrugated board packages are key factors primarily driving the market.
  • Easy for transportation of the board packing due to reduce the load on the transport vehicle, which further accelerates the growth of the market.
  • Increasing awareness about sustainable packaging options and collaborations between key players have boosted the market growth.
  • Lack of rigidity during the extreme weather and requirement of intrinsic packaging to ensure the safety and protection of fragile or delicate products are key restraining factors of the market.
  • Stringent government regulations regarding the sustainable packaging solutions of products and rising shift of key players towards the manufacturing of biodegradable packaging materials are expected to offer profitable opportunities for market expansion in the coming years.

Scope of Corrugated Board Packaging Market Report

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.

Attributes

Details

Report Title

Corrugated Board Packaging Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

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

Global Corrugated Board Packaging Market Segment Insights

Linerboard segment to exhibit significant growth during the forecast period

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.

Increasing application drives the slotted box segment

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.

Corrugated Board Packaging Market styles

High abundance drives the unbleached test liner segment

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.

Rise in demand for corrugated boxes in the food & beverage industry

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.

Corrugated Board Packaging Market End Users

Asia Pacific to register a robust CAGR during the forecast period

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.

Corrugated Board Packaging Market Region

Segments

Raw Materials

  • Linerboard
  • Medium

Styles

  • Telescopes
  • Slotted Box
  • Trays
  • Sheets
  • Folders
  • Die Cut Bliss
  • Fanfold
  • Die Cut Interiors

Grades

  • White-top Test Liner
  • Unbleached Test Liner
  • White-top Kraft Liner
  • Waste-based Fluting
  • Unbleached Kraft Liner
  • 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
  • Others

Regions

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa

Key Players

Competitive Landscape

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.

Corrugated Board Packaging Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Corrugated Board Packaging Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Corrugated Board Packaging Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Corrugated Board Packaging Market - Supply Chain
  4.5. Global Corrugated Board Packaging Market Forecast
     4.5.1. Corrugated Board Packaging Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Corrugated Board Packaging Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Corrugated Board Packaging Market Absolute $ Opportunity
5. Global Corrugated Board Packaging Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Corrugated Board Packaging Market Size and Volume Forecast by End Users
     5.3.1. Textiles
     5.3.2. Food & Beverage
     5.3.3. Healthcare
     5.3.4. Chemicals
     5.3.5. Personal Care
     5.3.6. Electrical Goods
     5.3.7. Vehicle Parts
     5.3.8. Glassware & Ceramics&
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Corrugated Board Packaging Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Corrugated Board Packaging Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Corrugated Board Packaging Demand Share Forecast, 2019-2026
7. North America Corrugated Board Packaging Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Corrugated Board Packaging Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Corrugated Board Packaging Market Size and Volume Forecast by End Users
     7.4.1. Textiles
     7.4.2. Food & Beverage
     7.4.3. Healthcare
     7.4.4. Chemicals
     7.4.5. Personal Care
     7.4.6. Electrical Goods
     7.4.7. Vehicle Parts
     7.4.8. Glassware & Ceramics&
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Corrugated Board Packaging Demand Share Forecast, 2019-2026
8. Latin America Corrugated Board Packaging Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Corrugated Board Packaging Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Corrugated Board Packaging Market Size and Volume Forecast by End Users
     8.4.1. Textiles
     8.4.2. Food & Beverage
     8.4.3. Healthcare
     8.4.4. Chemicals
     8.4.5. Personal Care
     8.4.6. Electrical Goods
     8.4.7. Vehicle Parts
     8.4.8. Glassware & Ceramics&
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Corrugated Board Packaging Demand Share Forecast, 2019-2026
9. Europe Corrugated Board Packaging Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Corrugated Board Packaging Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Corrugated Board Packaging Market Size and Volume Forecast by End Users
     9.4.1. Textiles
     9.4.2. Food & Beverage
     9.4.3. Healthcare
     9.4.4. Chemicals
     9.4.5. Personal Care
     9.4.6. Electrical Goods
     9.4.7. Vehicle Parts
     9.4.8. Glassware & Ceramics&
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Corrugated Board Packaging Demand Share Forecast, 2019-2026
10. Asia Pacific Corrugated Board Packaging Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Corrugated Board Packaging Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Corrugated Board Packaging Market Size and Volume Forecast by End Users
     10.4.1. Textiles
     10.4.2. Food & Beverage
     10.4.3. Healthcare
     10.4.4. Chemicals
     10.4.5. Personal Care
     10.4.6. Electrical Goods
     10.4.7. Vehicle Parts
     10.4.8. Glassware & Ceramics&
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Corrugated Board Packaging Demand Share Forecast, 2019-2026
11. Middle East & Africa Corrugated Board Packaging Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Corrugated Board Packaging Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Corrugated Board Packaging Market Size and Volume Forecast by End Users
     11.4.1. Textiles
     11.4.2. Food & Beverage
     11.4.3. Healthcare
     11.4.4. Chemicals
     11.4.5. Personal Care
     11.4.6. Electrical Goods
     11.4.7. Vehicle Parts
     11.4.8. Glassware & Ceramics&
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Corrugated Board Packaging Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Corrugated Board Packaging Market: Market Share Analysis
  12.2. Corrugated Board Packaging Distributors and Customers
  12.3. Corrugated Board Packaging Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. International Paper Company
     12.4.2. DS Smith PLC
     12.4.3. Mondi Group
     12.4.4. Smurfit Kappa Group
     12.4.5. WestRock Company

Methodology

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