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Corrugated Packaging Market is Booming Worldwide, value CAGR of 6.7% during the forecast period 2022-2032
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Secondary shipping corrugated boxes, primary corrugated boxes, and corrugated retail display stands are all types of corrugated packaging that are used to package non-durable goods, durable goods, food and drinks, as well as non-food and non-manufacturing things (in wholesale trade and retail trade services).
By the end of 2031, the global corrugated packaging market is expected to be worth around US$ 357 billion, and it is predicted to grow brightly at a 6.7% CAGR throughout that time.
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Increasing preference for sustainable packaging solutions among manufacturers elevates global corrugated market scenario through 2031
Increasing preference for economical, eco-friendly, and light weight packaging by end-users such as electronics, automotive, pharmaceuticals, healthcare, and food and beverages sectors, will remain a major factor driving the growth of corrugated packaging market through 2031. The flourishing Ecommerce sector is anticipated to play a pivotal role in escalating adoption of corrugated packaging.
Furthermore, corrugated board is an eco-friendly packaging material, comprised of recyclable materials like used cardboard carton and old newspapers. Moreover, corrugated cardboard is often produced without the use of dyes or bleaches, thereby reducing its footprint and level of recyclability.
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Market Taxonomy: (Corrugated Packaging Market)
Corrugated Packaging Market By Product Type : Single wall boards, Single Face boards, Double wall boards, Triple wall boards
Corrugated Packaging Market By Packaging Type : Boxes : Slotted boxes, Folder boxes, Telescope Boxes, Die Cut Boxes, Crates, Trays, Octabin, Pallet, Others
Corrugated Packaging Market By End Use : Food & Beverage, Electrical & Electronics, Home care products, Personal care products, E-commerce, Transportation & Logistics, Healthcare, Others
Corrugated Packaging Market By Region: North America, Latin America, Europe, APAC, MEA
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FAQ'S:
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What is the outlook for corrugated packaging by the end of this decade?
What was the market expansion rate in terms of CAGR over the past 5 years?
Which nations are guiding the demand for corrugated packaging?
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The Consumer Goods team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs by offering expert analysis, actionable insights, and strategic recommendations. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the consumer goods industry lucidly in 50+ countries for over a decade. We provide end-to-end research and consulting services; reach out to explore how we can help.
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