Global Corrugated Packaging Market

Corrugated Packaging Market Size, Share, Growth Analysis, By Type(Single Wall, Double Wall, Triple Wall, Single Faced), By End Use(Food & Beverages, Retail, Industrial, Others), By Region - Industry Forecast 2025-2032


Report ID: SQMIG15A2244 | Region: Global | Published Date: March, 2024
Pages: 184 | Tables: 65 | Figures: 76

Corrugated Packaging Market Dynamics

Corrugated Packaging Market Drivers

Growing FMCG Industry

  • The fast-moving consumer goods (FMCG) sector, which includes products like food, beverages, personal care items, and household products, is a major driver of the corrugated packaging market. The FMCG industry requires robust and efficient packaging solutions to ensure product safety, transportation convenience, and shelf appeal. Corrugated packaging offers durability, printability, and protection, making it well-suited for packaging FMCG products.

Increase in Urbanization and Retail Sector

  • The rapid urbanization and the expansion of the retail sector in developing countries are driving the demand for corrugated packaging. As more people move to urban areas and the retail infrastructure expands, there is a higher requirement for effective packaging solutions to support the movement of goods from manufacturers to retailers. Corrugated packaging, with its versatility, strength, and cost-effectiveness, meets these demands effectively.

Corrugated Packaging Market Restraints

Competition from Alternative Packaging Materials

  • The corrugated packaging market faces competition from alternative packaging materials such as plastics, flexible packaging, and rigid packaging. These materials offer different advantages such as lightweight, durability, and unique design possibilities. As companies explore different packaging options to meet specific requirements, the demand for corrugated packaging may be affected.
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Corrugated Packaging Market size was valued at USD 135.45 Billion in 2022 and is poised to grow from USD 142.49 Billion in 2023 to USD 213.76 Billion by 2031, at a CAGR of 5.2% during the forecast period (2024-2031).

All throughout the world, the market is sizable and dispersed. As a result, the market's participants—from small to large manufacturers—are very competitive. A significant number of well-established, century-old public corporations are also present, which further distinguishes the market. But in a number of cases, the manufacturing firms also go off against rival businesses that are making goods that could serve as corrugated boards' replacements. 'International Paper (United States)', 'WestRock (United States)', 'Smurfit Kappa Group (Ireland)', 'DS Smith (United Kingdom)', 'Mondi Group (United Kingdom)', 'Packaging Corporation of America (United States)', 'Nine Dragons Paper Holdings Limited (China)', 'Georgia-Pacific LLC (United States)', 'Lee & Man Paper Manufacturing Ltd. (Hong Kong)', 'Oji Holdings Corporation (Japan)', 'Pratt Industries (United States)', 'Rengo Co., Ltd. (Japan)', 'Svenska Cellulosa Aktiebolaget (SCA) (Sweden)', 'Stora Enso (Finland)', 'Sonoco Products Company (United States)', 'Otorio Co., Ltd. (Japan)', 'Smurfit-Stone Container Corporation (United States)', 'Packaging Corporation of Europe (PCE) (Belgium)', 'Klabin S.A. (Brazil)', 'Bio Pappel S.A.B. de C.V. (Mexico)', 'BillerudKorsnäs AB (Sweden)'

The fast-moving consumer goods (FMCG) sector, which includes products like food, beverages, personal care items, and household products, is a major driver of the corrugated packaging market. The FMCG industry requires robust and efficient packaging solutions to ensure product safety, transportation convenience, and shelf appeal. Corrugated packaging offers durability, printability, and protection, making it well-suited for packaging FMCG products.

The dominant region in the corrugated packaging market is North America. This is due to the fact that North America has a large and growing economy, as well as a strong demand for corrugated packaging from a variety of industries. The food and beverage industry, the retail industry, and the industrial industry are the major end-users of corrugated packaging in North America.

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Global Corrugated Packaging Market

Report ID: SQMIG15A2244

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