Dublin, December 17, 2024 (GLOBE NEWSWIRE) — The “Corrugated Packaging – Global Strategic Business Report” was added to ResearchAndMarkets.com offer.
The global corrugated packaging market was estimated to reach US$ 4.4 billion in 2023 and is expected to reach US$ 5.5 billion by 2030, growing at a CAGR of 3.4% from 2023 to 2030.
The growth of the corrugated packaging market is driven by several key factors, including the booming e-commerce sector, growing demand for sustainable packaging solutions, and increasing use of lightweight and customizable packaging in all the sectors. One of the major drivers of market growth is the exponential rise of e-commerce and online retail. As more consumers turn to online shopping, businesses need reliable packaging that can withstand the rigors of shipping while protecting products from damage.
Corrugated cardboard packaging meets this need thanks to its strength, lightness and cost-effectiveness. The rise of direct-to-consumer brands and subscription box services has further fueled demand for corrugated packaging, as companies seek durable, aesthetically pleasing packaging solutions that also serve as marketing tools through to branded designs.
Another important factor is the growing focus on sustainability in the packaging industry. Consumers and businesses are increasingly prioritizing eco-friendly packaging solutions that reduce waste and minimize carbon footprint. Corrugated cardboard packaging, made from renewable and highly recyclable materials, fits perfectly into the sustainable development program.
Its biodegradability and ability to be reused or recycled multiple times makes it an attractive option for businesses looking to meet their corporate social responsibility (CSR) goals and comply with regulatory requirements related to packaging waste. The drive to reduce single-use plastics has also accelerated the adoption of corrugated packaging as a sustainable alternative in industries such as food delivery, retail and electronics.
Customization and branding are also major factors driving the demand for corrugated packaging. In competitive markets, packaging is increasingly seen as an extension of the brand, and companies are leveraging corrugated packaging to create unique unboxing experiences and reinforce their brand identity. The flexibility of corrugated cardboard allows companies to customize packaging sizes, shapes and designs based on specific product and marketing campaign needs.
This is particularly important in sectors such as cosmetics, electronics and luxury goods, where packaging plays a crucial role in consumer perception. The rise of digital printing and advances in material customization make it easier for companies to create visually appealing branded packaging that stands out on the shelf or to the consumer. Additionally, the increasing use of corrugated packaging in the food industry supports the market expansion.
Key information:
- Market Growth: Understand the significant growth trajectory of the single wall carton packaging segment, which is expected to reach US$ 2.3 billion by 2030 at a CAGR of 3.9%. The double-walled cardboard packaging segment is also expected to grow at 3.3% CAGR during the analysis period.
- Regional Analysis: Get an overview of the US market, estimated to be worth $1.2 billion in 2023, and China, which is expected to grow at an impressive CAGR of 5.3% to reach $1.1 billion by 2030 Learn about growth trends in other key regions, including Japan, Canada and Germany. , and the Asia-Pacific region.
Key questions answered:
- How is the global corrugated packaging market expected to evolve by 2030?
- What are the key drivers and restraints affecting the market?
- Which market segments will witness the highest growth during the forecast period?
- How will the market shares of different regions and segments evolve by 2030?
- Who are the main market players and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in millions of US dollars from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets including the United States, China, Japan, Canada, Europe, Asia Pacific, Latin America, Middle East and Africa.
- Company Profiles: Coverage of major players in the global corrugated packaging market such as Amcor Ltd., Bio Pappel SAB de CV, DS Smith Plc, Georgia-Pacific LLC, Holmen AB and more.
- Free Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 42 companies profiled in this global corrugated packaging market report include:
- Amcor Ltd.
- Bio Pappel SAB de CV
- DS Smith Plc
- Georgia-Pacific LLC
- Holmen AB
- International Paper Company
- Lee & Man Paper Manufacturing Ltd.
- Mayr-Melnhof Cardboard
- MeadWestvaco
- Nine Dragons Paper (Holdings) Ltd.
- OJI Holding Company
- Smurfit Kappa Group Plc.
- Sonoco Products Company
- Svenska Cellulosa Aktiebolaget
- Vinda International Holdings Ltd.
- Weyerhaeuser Company
Key attributes:
| Report attribute | Details |
| Number of pages | 93 |
| Forecast period | 2023 – 2030 |
| Estimated market value (USD) in 2023 | $4.4 billion |
| Projected market value (USD) by 2030 | $5.5 billion |
| Compound annual growth rate | 3.4% |
| Regions covered | Global |
Key topics covered:
1. MARKET OVERVIEW
- Global market trajectories
- Global Economic Update
- Corrugated Packaging – Percentage Market Share of Top Global Competitors in 2024
- Competitive Market Presence – Strong/Active/Niche/Trivial for Global Players in 2024
2. FOCUS ON A SELECTION OF PLAYERS
3. MARKET TRENDS AND FACTORS
- Growing demand for sustainable and recyclable packaging solutions drives corrugated packaging market growth
- Increased Adoption of Corrugated Packaging in E-Commerce Expands Addressable Market
- Increasing demand for lightweight and cost-effective packaging fuels Market growth
- Growing use of corrugated packaging in the food and beverage industry paves the way for market growth
- High Adoption of Corrugated Packaging in Retail Expands Market Opportunities
- Technological innovations in corrugated packaging for improved adoption of printing and personalization
- Growing demand for corrugated packaging for electronics and consumer goods expands addressable market
- Increasing Focus on Corrugated Packaging to Reduce Plastic Waste Market Demand
- High Adoption of Corrugated Packaging for Fragile and Heavy Goods Expands Market Opportunities
- Increase in demand for corrugated packaging for fresh produce and perishables expands market opportunities
4. GLOBAL MARKET OUTLOOK
For more information on this report, visit https://www.researchandmarkets.com/r/jesyzd
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