Global Corrugated Board Market Size Study, by Flute Type (A-Flute, B-Flute, C-Flute, E-Flute, F-Flute), by Board Style (Single Face, Single Wall, Double Wall, Triple Wall), and Regional Forecasts 2022-2032

The Global Corrugated Board Market, valued at approximately USD 143.85 billion in 2023, is projected to expand with a healthy CAGR of 6.80% over the forecast period 2024-2032. Corrugated board, a versatile and sustainable packaging solution, has witnessed a surge in demand due to the ever-growing e-commerce industry and the increasing shift towards environmentally friendly packaging solutions. Manufacturers and retailers alike are leveraging corrugated boards for their lightweight properties, cost-effectiveness, and recyclability, making them a staple in various industries, including food & beverage, consumer goods, and industrial packaging.

A significant driver propelling the market's growth is the exponential rise in online shopping and home deliveries. The rapid shift towards digital commerce has fueled the demand for protective and sustainable packaging solutions, further amplifying the adoption of corrugated boards. Additionally, technological advancements in corrugated board manufacturing, such as digital printing capabilities and enhanced structural designs, have paved the way for customized and aesthetically appealing packaging solutions. However, fluctuations in raw material prices, particularly kraft paper, coupled with stringent environmental regulations on deforestation, may pose challenges to the market’s progression.

The regional landscape of the global corrugated board market highlights significant variations in growth patterns. North America and Europe are well-established markets driven by stringent sustainability norms and a highly developed retail sector. The Asia Pacific region, on the other hand, is poised to register the fastest growth during the forecast period, supported by rapid industrialization, a thriving e-commerce sector, and increasing consumer awareness regarding eco-friendly packaging solutions. Countries such as China and India are spearheading this growth, with local manufacturers aggressively expanding their production capabilities to cater to the growing demand.

Leading players in the corrugated board market are heavily investing in automation and digital transformation to enhance production efficiency and reduce operational costs. Innovations in water-based inks, recyclable adhesives, and lightweight board solutions are reshaping the industry, offering businesses an opportunity to develop high-performance packaging materials while adhering to sustainability goals. Furthermore, strategic partnerships and mergers among key market participants are expected to fuel market competitiveness and facilitate global expansion.

Major market players included in this report are:
• International Paper Company
• WestRock Company
• Smurfit Kappa Group
• DS Smith Plc
• Mondi Group
• Oji Holdings Corporation
• Nine Dragons Paper Holdings Limited
• Georgia-Pacific LLC
• Packaging Corporation of America
• Pratt Industries, Inc.
• Stora Enso Oyj
• Lee & Man Paper Manufacturing Ltd.
• Rengo Co., Ltd.
• SCA Packaging International
• Nippon Paper Industries Co., Ltd.

The detailed segments and sub-segments of the market are explained below:

By Flute Type:
• A-Flute
• B-Flute
• C-Flute
• E-Flute
• F-Flute

By Board Style:
• Single Face
• Single Wall
• Double Wall
• Triple Wall

By Region:

North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Latin America
• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa
• Saudi Arabia
• South Africa
• Rest of MEA

Years considered for the study are as follows:
• Historical Year – 2022
• Base Year – 2023
• Forecast Period – 2024 to 2032

Key Takeaways:
• Market estimates & forecast for 10 years from 2022 to 2032.
• Annualized revenue and regional-level analysis for each market segment.
• Detailed analysis of geographical landscape with country-level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Competitive structure of the market.
• Demand-side and supply-side analysis of the market.