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 2024-2031

Global 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).

Corrugated packaging is designed to offer the best amount of protection during storage and transit for delicate, big, bulky, or high-value products. Corrugated packaging is used in place of wood and metal because it is eco-friendly, economical, and entirely reusable. The globalisation of the e-commerce industry and the rise in demand for environmentally friendly packaging are the main market-driving drivers. The market's growth is anticipated to be constrained by the corrugated boards' lack of durability.

Food and beverage, healthcare, cosmetics and personal care, and consumer products are just a few industries that use plastic packaging extensively. On the other hand, the environment is suffering as a result of the rising plastic consumption. The weight of the entire world's population is about equal to the 300 million tonnes of plastic waste that is produced each year, according to the UN. Sustainable packaging practices were introduced in an effort to reduce the enormous amount of plastic garbage that is produced each year. To meet the increased consumer demand for sustainable packaging, the end-use sectors are converting from plastic to corrugated board packaging. During the anticipated years, the nation is expected to grow steadily and significantly.