Press release
Chipboard Packaging Market Size Forecasted To Achieve $18.65 Billion By 2029 With Steady Growth
Chipboard Packaging Market
What Is the Chipboard Packaging Market Size and Projected Growth Rate?
The chipboard packaging market size has grown strongly in recent years. It will increase from $12.17 billion in 2024 to $13.29 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.2%. The growth can be attributed to the industrial revolution, the proliferation of consumer goods, growing environmental awareness, and increasing globalization and urbanization.
The chipboard packaging market will grow to $18.65 billion by 2029 at a CAGR of 8.8%. The growth is driven by the rise of retail chains, e-commerce, increased use of chipboard in the food and beverage sector, growing disposable incomes, and the demand for sustainable packaging. Key trends include improvements in printing technologies, advancements in manufacturing, product innovation, retail-ready packaging development, and better supply chain logistics.
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What Are the Major 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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What Are The Driving Chipboard Packaging Market Evolution?
The growth of e-commerce is expected to drive the chipboard packaging market. E-commerce, which involves the online buying and selling of goods and services, has grown due to social media, personalized shopping, and the ease of comparing prices. Chipboard packaging is necessary in e-commerce to provide protective, lightweight, and eco-friendly solutions for shipping products. According to the U.S. Census Bureau, retail e-commerce sales in the U.S. reached $289.2 billion in Q1 2024, marking a 2.1% increase compared to the previous quarter. As a result, the expansion of e-commerce is driving the chipboard packaging market.
Which Firms Dominate The Chipboard Packaging Market Segments?
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 Chipboard Packaging Market Trends Are Gaining Traction Across Different Segments?
Companies in the chipboard packaging market are focusing on advanced packaging platforms to enhance customer service. For instance, in January 2022, Amcor Plc, an Australian packaging company, launched the AmFiber platform. This platform improves traditional paper packaging by offering enhanced features and functional benefits, showcasing Amcor's commitment to innovative, consumer-centric packaging solutions.
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Which Is The Largest Region In 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Chipboard Packaging Market?
2. What is the CAGR expected in the Chipboard Packaging Market?
3. What Are the Key Innovations Transforming the Chipboard Packaging Industry?
4. Which Region Is Leading the Chipboard Packaging Market?
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