Press release
Corrugated Packaging Market Size, Share, Growth & Trends, Analysis by 2024 - 2031 | DS Smith Packaging Limited, Menasha Corporation
Market Overview:Global corrugated packaging market is estimated to be valued at USD 152.17 Bn in 2024 and is expected to reach USD 202.95 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Market Dynamics:
Growth in the e-commerce industry has boosted the demand for convenient and protective packaging solutions for safe delivery of products to customers. Rising penetration of internet and smartphone usage has fueled the growth of the e-commerce sector significantly. Moreover, shift toward home delivery of goods amid pandemic has further propelled the demand for corrugated packaging from e-commerce platforms. Expansion of retail and food chains worldwide necessitating effective packaging for shipping has driven the corrugated packaging market. manufacturers are increasingly focusing on development of sustainable and eco-friendly corrugated packaging materials to cater to rising environmental concerns, which is anticipated to present lucrative opportunities for market growth over the forecast period.
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Major Growth Driver: Rapid growth in the e-commerce industry driving demand for corrugated packaging
The e-commerce industry has been growing rapidly over the past few years. More and more customers are choosing to shop online rather than visiting physical retail stores. This has created huge demand for corrugated packaging from e-commerce companies. Corrugated boxes and other corrugated packaging products are used extensively to ship and transport goods purchased online to customers. As the e-commerce industry continues to grow at a fast pace, fueled by increasing internet and smartphone penetration worldwide, the demand for corrugated packaging from this industry segment will also witness strong growth. E-commerce giants are major customers of corrugated packaging producers.
Major market opportunity: Growth in less developed regions
While developed economies in North America and Western Europe still account for the largest share of the global corrugated packaging market, developing regions offer huge untapped growth opportunities. Rapid economic development and industrialization in Asia Pacific and Latin America have opened up new demand avenues. Countries like China, India, Indonesia, Brazil etc. have shown strong manufacturing growth over the past decade fueling the need for corrugated packaging. Moreover, the rising middle class in these emerging economies is driving consumption growth and spurring the expansion of modern trade infrastructure. Penetration levels of corrugated packaging are still quite low in several developing markets compared to developed nations presenting ample headroom for future market expansion.
Major market trend: Increasing shift towards sustainable corrugated packaging solutions
Rising environmental awareness worldwide is driving the demand for sustainable corrugated packaging solutions. Manufacturers are under increasing pressure from regulators as well as environmentally-conscious customers and brands to reduce the carbon footprint of their products and operations. This is prompting corrugated packaging producers to develop new product lines with improved sustainability and recyclability attributes. Many players are using recycled content, lighter weight designs and eco-friendly adhesives/inks to make their corrugated packaging greener. Going forward, the trend of transitioning towards sustainable corrugated packaging technologies and solutions will continue to gain strength supported by the global push for a circular economy.
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Top Companies Included in This Report:
★ DS Smith Packaging Limited
★ Menasha Corporation
★ Green Bay Packaging Inc.
★ Georgia-Pacific LLC
★ Smurfit Kappa
★ WestRock Company
★ Pratt Industries Inc.
★ International Paper
★ Express Packaging Inc.
★ Precision Corr
★ Gabriel Container Co.
★ Paramount Container & Supply Inc.
★ CB Group
★ BC Box Manufacturing Ltd.
★ SeaCa Plastic Packaging
★ Solid Box
★ Acme Corrugated Box Co. Inc.
★ Texas Corrugated Box.
★ General Packaging Corporation
★ Daniel and John Underhill
Market Segmentation:
By Product Type:
★ By Design: Single wall boards, Single Face boards, Double wall boards, Triple wall boards
★ By Product Type: Boxes, Crates, Trays, Octabin, Others (Pallet, etc.)
★ By End Use: Food & Beverage, Electrical & Electronics, Home care products, Personal care products, E-commerce, Transportation & Logistics, Healthcare, Others
Key Regions/Countries are Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
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The report offers insights on the following topics:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Competitor Landscape of the Corrugated Packaging Market by Players
Chapter 4: Market Size of the Corrugated Packaging Market by Type and Application
Chapter 5: Global and Regional Analysis
Chapter 6: Company Profiles, Recent Developments, and Investments
Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors
Chapter 8: Analysis of Value Chain and Sales Channels, including notable product developments
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology/Research Approach
Ultimately, the Corrugated Packaging Market report serves as a reliable source for acquiring market research to significantly enhance your business. It furnishes essential insights into regional economic conditions, product pricing, profitability, capacity, production, supply, demand, market growth rate, and forecasts. Additionally, the report includes a SWOT analysis, investment feasibility analysis, and return on investment analysis for new projects within the Corrugated Packaging industry.
Should the aforementioned report not meet your precise requirements, we offer customized research tailored to comprehensively address your specific business needs. Our customized research will encompass all the pertinent business information necessary to assist you in making strategic and profitable business decisions.
Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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