According to Market Research Future (MRFR), the global corrugated packaging market is expected to reach USD 250.9 billion, with a 5.9% CAGR from 2019 to 2025 (forecast period). The study identifies the strengths, opportunities, challenges, and future business risks and offers an accurate analysis of the global market situation under the influence of COVID-19.

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Corrugated packaging products combine cushioning with structural rigidity, offering excellent protection against fragile or heavy damage—their light and clean nature help reduce shipping costs. High-impact graphics on corrugated packaging products help to increase brand recognition, thereby helping to improve sales. In addition, corrugated packaging products are made from recycled cardboard boxes and other waste products from the paper industry. The percentage of reprocessing and recycling corrugated packaging items is also high, making them an environmentally friendly packaging option.

Market Dynamics

The global corrugated packaging market has seen substantial growth in the packaging industry over the last few years. The growing e-commerce industry, coupled with an increase in preference for sustainable packaging solutions, has further increased global demand for corrugated packaging products. E-commerce platforms have seen enormous growth in recent years due to technological advances, which have resulted in a large online customer base for corrugated packaging products.

Furthermore, the increased application in industries such as food & beverage, personal care, pharmaceuticals, consumer goods, and electronic goods has led to the industry's overall growth. Corrugated packaging is one of the most preferred packaging for small, medium, and large products, which has boosted the global demand for these products. Growth in demand for FMCG products and branded consumer durables in developing economies such as the Asia Pacific and South America has driven manufacturers to expand their distribution network, which has further contributed to increased demand for corrugated packaging.

There are numerous government regulations which lead to restrictions on corrugated packaging, such as the packaging box, which is limited to style 201 or 204 of IS: 6481-1971, it is to have a liner (separator) from the top, bottom, and center for cushioning, to protect the fragile item during shipping, and the box used for shipping should be made of corrugated fiberboard in order to bear the weight. Owing to the growing regulation of the corrugated box industry and the rise in the price of raw materials, numerous companies have been shut down due to the inability to withstand costs.

Market Segmentation

The global corrugated packaging market has been segmented based on application, material, type, and wall construction. On the basis of application, the market for corrugated packaging is segmented based on electronic goods, food & beverages, personal care, pharmaceuticals, and others. Additionally, the market on the basis of material, is segmented into linerboard, medium, and others. The global market for corrugated packaging is also covered based on type segment which is further split into self-erecting boxes, slotted boxes, telescope boxes, rigid boxes, and others. On the basis of wall construction, the market for corrugated packaging is segmented based on single-wall, double-wall, and triple-wall.

Major elements such as unfavorable policies which led to shutdown of several companies around the world could obstruct the corrugated packaging market growth. However, according to the corrugated packaging market research report, the growth in online selling of food & beverages along with growing sales on digital platforms will propel growth throughout the forecast period. The corrugated packaging market is set to register growth at a high CAGR owing to these key factors. The exploration of application, material, type, and wall construction segments along with regional markets has been given in the global corrugated packaging market research report. The research analysts studying the corrugated packaging market have put out market forecasts in the corrugated packaging market research report in order to support corrugated packaging market-based companies. The corrugated packaging market research report provides an extensive understanding of the corrugated packaging market based on the information and forecasts till 2025.

Regional Overview

North America, Europe, Asia Pacific and the rest of the world regional market for corrugated packaging are predominantly covered in the global corrugated packaging market research report. Country-level corrugated packaging markets spread across North America – the United States, Canada, and Mexico are also covered in the report. In South America – Brazil and other country-level corrugated packaging markets are covered in the report. In Asia-Pacific (APAC) region, the country-level corrugated packaging markets covered are Japan, India, China, and others. The corrugated packaging market research report also explores the regional market for corrugated packaging present in Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The corrugated packaging market research report also covers regional markets from the rest of the world alongside corrugated packaging markets of Africa and the Middle East.

Competitive Landscape:

Smurfit Kappa Group, Mondi Group, Orora Packaging Australia Pty Ltd, DS Smith, International Paper, Europac Group, WestRock, Archis Packaging (India) Pvt. Ltd, Georgia-Pacific LLC, and Packaging Corporation of America are eminent names in the corrugated packaging market report for their significant contributions in the market. Their influences mostly include tactical measures, which analysts from MRFR have tracked to identify trends that are impacting the market.

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Industry News:

In August 2020, Valmet announced that the company would supply Valmet IQ quality management system to PJSC Kyiv Cardboard and Paper Mill. The facility is in Kiev, Ukraine. This system will get installed in the corrugated packaging plant, where the chief focus is on modernizing the infrastructure. This investment has a specific focus on improving the quality of the corrugated board and while doing so, it will also increase productivity and profitability. The Valmet IQ quality management system is getting acknowledgment from several quarters for its effective use in Corrugator plants.

The global market for corrugated packaging got impacted by the COVID-19 as several chains of supplies got disrupted by stringent measures implemented by governments as countering tactics to prevent the disease from spreading. However, the recent relaxation of the laws can bring the market back on track in coming years.

Read more related insights:

https://www.globenewswire.com/en/news-release/2021/05/20/2233023/0/en/Corrugated-Packaging-Market-to-reach-USD-348-9-billion-by-2027-Market-Research-Future-MRFR.html
https://www.yumpu.com/en/document/view/59963341/corrugated-packaging-market-research-report-forecast-to-2023
https://www.easyfie.com/read-blog/186258_corrugated-packaging-market-global-trends-key-vendors-drivers-profits-amp-analys.html
https://twintam.com/blogs/736/Corrugated-Packaging-Market-Size-2021-Size-Share-Leading-Growth-Drivers
https://sites.google.com/view/corrugatedpackagingindustry/home?authuser=1
http://wantstats.com/press-release/corrugated-packaging-industry
https://issuu.com/rishikeshkurane/docs/global_corrugated_packaging_market
https://www.abnewswire.com/pressreleases/corrugated-packaging-market-2018-global-size-industry-share-future-trends-segmentation-and-regional-analysis-with-key-companies-review-forecast-to-2023_229930.html
https://www.openpr.com/news/2100835/corrugated-packaging-market-2020-application-industry-size

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