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 Trends, Drivers, Restraints, and Opportunities
- 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.
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Attributes
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Details
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Report Title
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Corrugated Board Packaging Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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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)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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International Paper Company; DS Smith PLC; Mondi Group; Smurfit Kappa Group; and WestRock Company
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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.
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.
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.
Segments
Raw Materials
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.
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