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Top Market Shifts Transforming the Chipboard Packaging Market Landscape: Key Insights
Chipboard Packaging
What Is the Expected CAGR for the Chipboard Packaging Market Through 2025?
In recent years, the chipboard packaging market has experienced significant growth. It is projected to expand from $12.17 billion in 2024 to $13.29 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 9.2%. Factors contributing to this historical growth include the industrial revolution, the surge in consumer goods, heightened environmental consciousness, and the rapid progression of globalization and urbanization.
What's the Projected Size of the Global Chipboard Packaging Market by 2029?
Expectations for the chipboard packaging market point towards a robust increase in size over the coming years. The market is projected to reach a value of $18.65 billion by 2029, expanding at a compound annual growth rate (CAGR) of 8.8%. Factors contributing to this predicted growth include the upsurge in retail chains and ecommerce, greater use of chipboard packaging within the food and beverage industry, an increase in disposable income, and a rising demand for eco-friendly packaging. Foreseen prominent trends during this forecast period comprise enhancements in print technology, technological progress in chipboard creation, product innovation, the evolution of retail-ready packaging (RRP), and upgrades in supply chain logistics.
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Top Growth Drivers in the Chipboard Packaging Industry: What's Accelerating the Market?
The chipboard packaging market is predicted to flourish with the increasing expansion of e-commerce. Primarily, e-commerce refers to the transaction of goods or services via the internet, typically involving online payments and digital transactions. The surge in e-commerce is linked to numerous factors including the growing utilization of social media, the comfort and personalization offered by online shopping platforms, and the facility to compare product prices and features. Chipboard packaging is vital for e-commerce, providing lightweight, protective, and eco-friendly packaging options for product delivery to consumers. For example, as per data from the United States Census Bureau, a U.S. government agency, in May 2024, the U.S. retail e-commerce sales for the initial quarter of 2024, after seasonal adjustments, reached a total of $289.2 billion. This represented an increase of 2.1 percent (±0.7%) compared to the final quarter of 2023. Thus, the growth of the chipboard packaging market is being propelled by the e-commerce expansion.
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What Trends Will Shape the Chipboard Packaging Market Through 2029 and Beyond?
Leading firms in the chipboard packaging sector are concentrating on developing platforms using advanced technology, such as packaging platforms, to better cater to their customers. Packaging platforms denote the systems or frameworks that businesses employ for better handling and optimizing their packaging procedures. Amcor Plc, an Australia-originated packaging organization, for example, introduced the AmFiber platform in January 2022. This platform distinguishes itself by enhancing the conventional paper packaging via the provision of enhanced features and functional benefits. AmFiber platform represents Amcor's dedication to consumer-orientated and adaptive innovation, offering top-notch packaging technology specifically designed to cater to unique 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 Top Companies are Driving Growth in the Chipboard Packaging Market?
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
Which Regions Will Dominate the Chipboard Packaging Market Through 2029?
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.
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