New York, July 14, 2022 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “Corrugated Packaging Market - Global Industry Insights, Growth, Size, Share, Comparative Analysis, Trends and Forecast 2022 – 2028” in its research database.
“According to the latest research study, the demand of global Corrugated Packaging Market size & share in terms of revenue was valued at USD 184.9 billion in 2021 and it is expected to reach around USD 258.3 billion mark, by 2028, growing at a compound annual growth rate (CAGR) of about 6.40% during the forecast period 2022 to 2028.”
What is Corrugated Packaging? How big is the Corrugated Packaging Industry?
Industry Overview:
Corrugated boxes are one of the most widely used secondary packaging solutions in a variety of industries. Because packaging cartons are both practical and convenient, they have become a popular choice for the packaging of a wide range of products in industries such as food, beverages, cosmetics, pharmaceuticals, and chemicals. In recent years, the e-commerce industry has experienced rapid growth. The growing purchasing power of consumers, as well as the increased use of mobile shopping, has fueled online shopping. Corrugated crates and cardboard packaging are available in a wide range of sizes, allowing for the packaging of small items such as pharmaceuticals or personal care products to large items such as electronics or furniture. The growing trend of purchasing products through e-commerce platforms, as well as the increasing number of players entering the e-commerce industry, is expected to drive sales in the corrugated boxes market.
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Our Free Sample Report Consists of the Following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
- About 201+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on Request
- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Facts and Factors research methodology
(Please note that the sample of this report has been modified to include the COVID-19 impact study prior to delivery.)
Global Corrugated Packaging Market: Growth Factors
Due to people's hectic lifestyles, the demand for convenience foods is increasing. As a result, processed food that cooks quickly appeals to a large number of consumers. The growing population also drives the demand for processed foods that are both convenient and healthy. Corrugated board packaging, which keeps moisture away from products and can withstand long shipping times, is increasingly being used by businesses to provide better customer outcomes, particularly secondary or tertiary packaging. Processed foods, such as bread, meat products, and other perishable items, necessitate the use of these packaging materials only once, driving demand. Paperboard boxes are commonly made entirely of paperboard. They do, however, include unique material combinations on occasion, such as clear or colorful film windows that allow customers to see the food inside the box. This surge in popular interest has fuelled the surge in eco-friendly packaging options.
The fast-developing e-commerce industry is expected to emerge as the primary growth driver for the global corrugated packaging market. Corrugated packaging products are increasingly being used by e-commerce companies for safe product delivery due to features such as low weight, excellent strength, and recyclability. Furthermore, in recent years, the market has seen a steady increase in adoption from the organized retail sector. As the number of supermarkets and hypermarkets expands across emerging economies in response to changing consumer lifestyles and rising disposable incomes, so will the demand for corrugated packaging products.
Browse the full “Corrugated Packaging Market By Product Type (Single Wall Boards, Single Face Boards, Double Wall Boards, Triple Wall Boards), By Packaging Type (Boxes, Crates, Trays, Octabin, Pallet, Others), By End-Use (Food & Beverage, Electrical & Electronics, Home Care Products, Personal Care Products, E-commerce, Transportation & Logistics, Healthcare, Others), and By Region - Global Industry Insights, Growth, Size, Share, Comparative Analysis, Trends and Forecast 2022 – 2028” Report at https://www.fnfresearch.com/corrugated-packaging-market
Corrugated Packaging Market: COVID-19 Impact Analysis
The COVID-19 pandemic has had a significant impact on the aluminum industry worldwide, and it is difficult to predict the extent and severity of the long-term impact. The coronavirus outbreak forced the closure of approximately 198,000 active dental hospitals and clinics in the United States. The packaging industry suffered as a result of the recession that followed the pandemic outbreak. The unexpected drop and uncertainty in raw material prices before and after the COVID-19 pandemic has been a worldwide source of concern for packaging solution manufacturers. However, since the pandemic, there has been a significant increase in e-commerce. E-commerce retail sales are seeing a significant increase in volume.
Corrugated Packaging Market: Segmentation Analysis
The global Corrugated Packaging market is segregated based on product type, packaging type, and end-use.
The sector with the biggest revenue share was the single-wall board style. It can be used as an extra layer of protection, a separator, a pad, or a barrier inside an outer package. These board styles allow for easy printing and the application of various coatings to the surface. It lowers transportation expenses by reducing the weight of the package. As a result, during the projection period, the segment is expected to have the highest CAGR.
While the food and beverage industry is likely to be the greatest consumer of corrugated packaging over the forecast period, corrugated packaging stakeholders have chosen e-commerce as the most promising application area. Due to growing shipments of consumer electronics items such as tablets, smartphones, laptop computers, and flat-screen televisions, the electrical and electronics end-use category is predicted to rise significantly throughout the projection period.
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Competitive Landscape
The report contains qualitative and quantitative research on the global Corrugated Packaging Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.
Some of the main competitors dominating the global corrugated packaging market include -
- DS Smith Packaging Limited
- Menasha Corporation
- Wisconsin Packaging Corporation
- Arabian Packaging Co LLC
- Klabin S.A.
- GWP Group Limited
- TGI Packaging Pvt. Ltd.
- Georgia-Pacific LLC
- Smurfit Kappa Group PLC
- Westrock Company
- Rengo Co., Ltd.
- Pratt Industries Inc.
Key Insights from Primary Research:
- According to the study shared by our research analyst, the Corrugated Packaging market is likely to expand at a CAGR of around 6.40% during the forecast period (2022-2028).
- In terms of revenue, the Corrugated Packaging market size was valued at around US$ 184.9 billion in 2021 and is projected to reach US$ 258.3 billion, by 2028.
- The segment with the highest revenue share was the single-wall board style.
- Food and beverage sector is expected to be the largest consumer of corrugated packaging throughout the forecast period.
- With the biggest revenue share, Asia Pacific dominated the market on the basis of region.
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Key questions answered in this report:
- What is the market size and growth rate forecast for Corrugated Packaging industry?
- What are the main driving factors propelling the Corrugated Packaging Market forward?
- What are the leading companies in the Corrugated Packaging Industry?
- What segments does the Corrugated Packaging Market cover?
- How can I receive a free copy of the Corrugated Packaging Market sample report and company profiles?
Regional Analysis:
The Asia Pacific dominated the market with the largest revenue share. Rapid urbanization in densely populated countries like China, India, and Indonesia are driving packaging demand. Greener packaging solutions are projected to be in increased demand as people become more environmentally conscious, moving the market ahead. An increase in demand for electronic goods, automotive components, home care, and beauty and personal care products is expected to drive demand for corrugated boxes, resulting in market expansion. Government attempts to restrict plastic packaging in a number of Asian countries are also expected to stimulate product demand. It is also predicted to be the fastest-growing regional market in terms of value.
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The Global Corrugated Packaging Market is segmented as follows:
By Product Type
- Single Wall Boards
- Single Face Boards
- Double Wall Boards
- Triple Wall Boards
By Packaging Type
- Boxes
- Crates
- Trays
- Octabin
- Pallet
- Others
By End-Use
- Food & Beverage
- Electrical & Electronics
- Home Care Products
- Personal Care Products
- E-commerce
- Transportation & Logistics
- Healthcare
- Others
By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- France
- UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Report Scope
| Report Attribute | Details |
| Market Size in 2021 | USD 184.9 billion |
| Projected Market Size in 2028 | USD 258.3 billion |
| CAGR Growth Rate | 6.40% CAGR |
| Base Year | 2021 |
| Forecast Years | 2022-2028 |
| Key Market Players | DS Smith Packaging Limited, Menasha Corporation, Wisconsin Packaging Corporation, Arabian Packaging Co LLC, Klabin S.A., GWP Group Limited, TGI Packaging Pvt. Ltd., Georgia-Pacific LLC, Smurfit Kappa Group PLC, Westrock Company, Rengo Co., Ltd., Pratt Industries Inc., and Others |
| Key Segment | By Product Type, Packaging Type, End-Use, and Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
| Purchase Options | Request customized purchase options to meet your research needs. |
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