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Primary Catalyst Driving Chipboard Packaging Market Evolution in 2025: Expansion Of E-Commerce Fuels Growth In The Chipboard Packaging Market Driver
Chipboard Packaging Market
The market size of chipboard packaging has significantly expanded in the last few years. Its size is projected to increase from $12.17 billion in 2024 to $13.29 billion in 2025, with a compound annual growth rate (CAGR) of 9.2%. The growth during the historic period can be linked to factors such as the industrial revolution, an influx of consumer goods, greater consciousness towards the environment, and a surge in globalization and swift urbanization.
Projected to experience robust growth in the coming years, the chipboard packaging market is predicted to reach the valuation of $18.65 billion by 2029, expanding at a compound annual growth rate (CAGR) of 8.8%. This anticipated growth during the forecast period can be traced to factors such as the expanding retail chains, surge in e-commerce, rising utilization of chipboard packaging in the food and beverage industry, growth of disposable income, and an increased demand for environmentally friendly packaging. Major future trends include advancements in printing technologies, technological evolution within chipboard manufacturing, product innovation, emergence of retail-ready packaging (RRP), and enhancements in supply chain logistics.
What Is Driving the Growth Trajectory of the Chipboard Packaging Market?
The anticipated growth of the chipboard packaging market is being fueled by the expanding e-commerce sector. E-commerce is essentially the online purchase and sale of goods or services, typically facilitated by digital transactions and payments. Several factors can be credited for the e-commerce surge - more users of social media, the convenience and customization of the shopping experience provided by online platforms, and the ease of comparing prices and products. The e-commerce sector necessitates the use of chipboard packing to secure lightweight, eco-friendly shipping solutions for delivering items to purchasers. For instance, the U.S. retail e-commerce sales in the first quarter of 2024, post seasonal variation adjustment, were reported to be $289.2 billion by the United States Census Bureau, evidencing a 2.1 percent (±0.7%) growth from the previous quarter of 2023 according to the US government agency's May 2024 data. This demonstrates that the e-commerce boom significantly drives the evolution of the chipboard packing market.
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Which Key Market Leaders Are Driving Chipboard Packaging Industry Growth?
Major companies operating in the chipboard packaging market are Graphic Packaging International LLC, Mayr-Melnhof Karton AG, Elopak, Great Northern Corp., RTS Packaging LLC, Associated Bag Co., Deluxe Packaging Inc., PakFactory Inc., Carton Service Inc., Neway Packaging Corporation, Alpha Packaging Inc., Riverside Paper Co. Inc., Peek Packaging Inc., Ameripak CO., Stamar Packaging Inc., Multicell Packaging Inc., Mankato Packaging Co., Quality Support LLC, Imperial Printing & Paper Box Mfg. Co., Romiley Board Mill, Canpaco Inc., Classic Packaging Corp., Complete Finishings Inc., Imperial Paper Company, Marion Paper Box Company
What Are the Emerging Trends in the Chipboard Packaging Industry?
Top firms in the chipboard packaging market are concentrating on creating platforms that are technologically advanced like packaging platforms, to enhance their customer service. The term packaging platforms relates to the systems or structures that companies utilize to streamline and perfect their packaging techniques. To illustrate, Amcor Plc, a well-known packaging firm from Australia, introduced the AmFiber platform in January 2022. This platform is known for its capability to revolutionize traditional paper packaging by introducing improved features and functional benefits. It exhibits Amcor's dedication to innovation that revolves around consumer needs, providing bespoke high-end packaging technology designed to cater to specific material needs.
What Are the Main Segments in the Chipboard Packaging Market?
The chipboard packaging market covered in this report is segmented -
1) By Product: Folding Cartons, Rigid Boxes, Inserts And Dividers, Display Packaging, Specialized Packaging, Chipboard Pads
2) By Category: Brown, White
3) By Application: Food And Beverage, Pharmaceuticals, Electronics, Jewelry, Cosmetics, Personal Care, Household And Decorative, Other Applications
Subsegments:
1) By Folding Cartons: Standard Folding Cartons, Windowed Folding Cartons, Retail Packaging Folding Cartons
2) By Rigid Boxes: Luxury Rigid Boxes, E-Commerce Rigid Boxes, Cosmetic and Pharmaceutical Rigid Boxes
3) By Inserts And Dividers: Protective Inserts, Custom Dividers, Pre-formed Inserts
4) By Display Packaging: Point of Sale (POS) Displays, Shelf-Ready Packaging (SRP), Floor Displays
5) By Specialized Packaging: Food Packaging (e.g., Take-Out Packaging), Pharmaceutical Packaging, Electronics Packaging
6) By Chipboard Pads: Protective Pads, Cushioning Pads, Custom-Sized Pads
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Which Geographic Area Leads the Chipboard Packaging Market?
North America was the largest region in the chipboard packaging market in 2023. The regions covered in the chipboard packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Chipboard Packaging Global Market Report?
- Market Size Analysis: Analyze the Chipboard Packaging Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Chipboard Packaging Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Chipboard Packaging Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Chipboard Packaging Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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