Corrugated Packaging Market is expected to grow at a CAGR of 5.11% from 2023-2030 : Cognitive Market Research

Market Overview:
Corrugated packaging is made up of paperboard and is suitable for food, pharmaceuticals, equipment, and a variety of other products. Corrugated packaging is made by folding, cutting, and shaping sheets of high-duty layered paper, which is used for food packaging boxes, cardboard boxes, juice boxes, milk cartons, and other objects. This is frequently combined to create double or triple-wall boxes that are stronger and thicker than most other types of packaging.

Summary:
• The Corrugated Packaging Market Size Was Valued at USD 135.51 Billion In 2022 And Is Expected to Grow at A CAGR Of 5.11 % During the Forecast Period, Reaching USD 197.86 Billion By 2030.
• Based on wall type, the single wall segment has the largest revenue share in the corrugated packaging market.
• Based on packaging, the boxes segment has the largest revenue share in the corrugated packaging market.
• Based on end-use industry type, the food and beverage segment has the largest revenue share in the corrugated packaging market.
• Asia-Pacific has the largest revenue share in the corrugated packaging market.

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Market Dynamics:
Increasing demand for corrugated packaging in the e-commerce business is the major factor expected to drive the growth of the corrugated packaging market. Furthermore, increasing digital printing advancements are projected to create growth opportunities for the global corrugated packaging market. However, the availability of substitutes hampers the growth of the corrugated packaging market.

Market Segmentation:
Wall Type:
• Single Wall
• Double Wall
• Triple Wall
• Single Face
Based on wall type, the single wall segment has the largest revenue share in the corrugated packaging market. This is attributed to single-wall corrugated boxes providing a cost-effective packaging solution for general consumer use and for e-commerce or online businesses expected to drive the growth of this segment.

Packaging Type:
• Containers
• Boxes
• Trays
• Sheets
• Others
Based on packaging, the boxes segment has the largest revenue share in the corrugated packaging market. This is due to boxes are, easy to carry, and protecting the consumers’ goods. In addition, various types of corrugated boxes are available such as rigid, folding, and telescopic boxes.

End Use Industry:
• Food and Beverages
• Personal Care
• Pharmaceuticals
• Electronic Goods
• Transportation & logistics
• E-commerce
• Others
Based on end-use industry type, the food and beverage segment has the largest revenue share in the corrugated packaging market. This is attributed to corrugated packaging is essential for preserving food quality and providing food safety over a long shelf life expected to drive the growth of this segment.

Competitive Analysis for The Corrugated Packaging Market:

DS Smith Packaging, Packaging, International Paper, Menasha, Corrugated Container, Atlantic Corrugated Box, Wisconsin Packaging, Arabian Packaging, Cascades, Klabin, GWP, Mondi, TGI Packaging, Georgia Pacific, Smurfit Kappa, Westrock, Rengo, Saica, Pratt Industries, Oji Holdings

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Regional Analysis:
Asia-Pacific accounted for the largest share of the corrugated packaging market
Asia-Pacific has the largest revenue share in the corrugated packaging market. This is due to the increasing demand for greener packaging solutions and awareness about the environment in the region. In addition, the high presence of populated countries such as China and India, and increasing spending power in the countries drive the growth of the corrugated packaging market in the region.

News:
DS Smith has developed corrugated cardboard boxes for medical devices
In April 2022, DS Smith Plc introduced corrugated cardboard packaging for medical devices. This product launch intends to promote environmental protection across the supply chain. The packaging can be utilized for e-commerce delivery, with cardboard inserts storing various elements of the gadget.
Source: https://www.packaging-gateway.com/news/ds-smith-medical-devices/

Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Corrugated Packaging Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Corrugated Packaging Market Segmentation
1.5.1 Corrugated Packaging Market Regional Fragmentation
1.5.1 Corrugated Packaging Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Corrugated Packaging Market
• 3.1 Global Corrugated Packaging Market Size 2018 – 2030, (USD Million)
• 3.2 Global Corrugated Packaging Market Statistics 2022: Snapshot
Chapter 4 Global Corrugated Packaging Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Corrugated Packaging Market by Wall Type Segmentation Analysis (2018-2030)
Chapter 9 Global Corrugated Packaging Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Corrugated Packaging Market by Packaging Type Segmentation Analysis (2018-2030)
Chapter 11 Global Corrugated Packaging Market Regional Analysis
Chapter 12 North America Corrugated Packaging Market Outlook (2018 – 2030)
Chapter 13 Europe Corrugated Packaging Market Outlook (2018 – 2030)
Chapter 14 Asia Pacific Corrugated Packaging Market Outlook (2018 – 2030)
Chapter 15 Latin America Corrugated Packaging Market Outlook (2018 – 2030)
Chapter 16 Middle East and Africa Corrugated Packaging Market Outlook (2018 – 2030)
Chapter 17 Research Findings

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