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Chipboard Packaging Market Landscape 2025: Forecast Data and Growth Strategy Insights
Chipboard Packaging Market
What Is the Expected CAGR for the Chipboard Packaging Market Through 2025?
The chipboard packaging market has grown strongly in recent years. Its size will move from $12.17 billion in 2024 to $13.18 billion in 2025, with a CAGR of 8.3%. Earlier growth was supported by industrial development, proliferation of consumer goods, greater environmental awareness, globalization, and rapid urbanization.
What's the Projected Size of the Global Chipboard Packaging Market by 2029?
The market size of chipboard packaging is predicted to experience robust expansion in the coming years, with anticipated growth to $18.03 billion in 2029, marking a compound annual growth rate (CAGR) of 8.2%. The forecast period signifies growth due to factors such as the emergence of retail chains and e-commerce, prevalent use of chipboard packaging in the food and beverage industry, escalated disposable income, and rising demand for eco-friendly packaging methods. Notable trends for the forecast duration incorporate advancements in printing techniques, technological progress in the production of chipboards, product innovation, expansion of retail-ready packaging (RRP), and enhancements 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 poised for growth, spurred by the burgeoning e-commerce sector. E-commerce, defined as internet-based buying and selling of products or services complete with digital transactions and payments, is expanding due to several contributing elements. Notable among these are increasing social media utilization, the comfort and bespoke shopping experiences inherent in online platforms and the feasibility of product and price comparisons. Chipboard packaging is integral to e-commerce as it offers protection, is lightweight, and provides an environmentally conscious shipping solution for consumer products. Supporting this assertion, data from the U.S. Census Bureau, a government agency in the United States, establish that after adjusting for seasonal variability, U.S. retail e-commerce sales for Q1 2024 amounted to $289.2 billion. This illustrates a rise of 2.1 percent (±0.7%) when compared to Q4 2023 figures. Therefore, the burgeoning e-commerce sector is fuelling the expansion of the chipboard packaging market.
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What Trends Will Shape the Chipboard Packaging Market Through 2029 and Beyond?
Prominent entities in the chipboard packaging market are centering their efforts on creating and introducing modern and advanced solutions, like packaging platforms, to meet the needs of their customers more effectively. These platforms are systems or structures used by firms to streamline and enhance their packaging operations. For example, in January 2022, Amcor Plc, a packaging firm based in Australia, unveiled its AmFiber platform. This platform is notable for its capability to enhance traditional paper packaging by providing superior features and beneficial functions. This move mirrors Amcor's dedication to innovation that targets the consumer and is adaptable, supplying top-notch packaging technology designed for particular 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 2024. 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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