Global Corrugated Packaging Market
Global Corrugated Packaging Market By Wall Type (Single Wall, Double Wall, Triple Wall), By Material Type (Linerboard, Medium Sheet, Others) By Product Type (Rigid Box, Telescope Box, Folding Box, Slotted Box, Others), By Application (Food & Beverage, Pharmaceuticals, Electronic Goods, Personal Care, Others) And By Geography – Covid-19 Impact Analysis, Post Covid Analysis, Opportunities, Trends And Forecast From 2020 to 2032
The Global Corrugated Packaging Market was valued at $338.6 Billion in 2023 and is anticipated to grow at a CAGR of 5.43% from 2024 to 2034. This growth is attributed to several macro and microeconomic factors such as
Growth of E-commerceThe rapid growth of e-commerce has significantly boosted the demand for corrugated packaging. As online shopping continues to gain popularity, there is a surge in the need for reliable and efficient packaging solutions to protect products during shipping. Corrugated boxes offer a versatile and cost-effective solution for packaging a wide range of products, from fragile electronics to heavy household items. Their durability, cushioning properties, and recyclability make them an ideal choice for e-commerce retailers. Additionally, the increasing focus on sustainable packaging practices aligns well with the eco-friendly nature of corrugated packaging, further driving its adoption in the e-commerce industry.
Further several factors restraining the market growth include
Fluctuating Raw Material CostsOne of the major challenges faced by the global corrugated packaging market is the fluctuating costs of raw materials, primarily paper and cardboard. These raw materials are derived from wood pulp, a commodity whose prices can be influenced by various factors such as global demand, climate conditions, and geopolitical events. Fluctuations in raw material prices can significantly impact the production costs of corrugated packaging, making it difficult for manufacturers to maintain stable pricing and profit margins. This uncertainty can lead to price volatility in the market and may discourage investment in new production facilities or technological advancements.
Innovation in sustainable packaging solutions and collaborations and alliances in the Corrugated Packaging market are expected to generate higher avenues during the forecast period.In the wake of the COVID-19 pandemic, supply chain disruptions have led to supply shortages or lower demand in the Corrugated Packaging market. The pandemic has caused a decline in new orders and a corresponding decrease in Wall Typeion.
This section will analyze how COVID-19 has impacted supply chains, leading to shortages and lower demand for Corrugated Packaging.
In terms of COVID-19 impact, the Corrugated Packaging market report also includes the following data points:Impact on Corrugated Packaging market size
Operating Weights Trend, Preferences, and Budget Impact
Regulatory Framework/Outdoor Policies
Key Players' Strategy to Tackle Negative Impact/Post-COVID Strategies
Opportunity in the Corrugated Packaging market
Key Insight in the report:The global Corrugated Packaging market report covers an executive summary, market dynamics, COVID impact & post-COVID scenario, market size and forecast, competitive intelligence, market positioning, and Applications.
Our report covers extensive competitive intelligence which includes the following data points:Business Overview
Business Segment Data
Financial Data
Wall Type Segment Analysis and Specification
Recent Development and Company Strategy Analysis
SWOT Analysis
Corrugated Packaging Market Segmentation:Wall Type
Single Wall
Double Wall
Triple Wall
Material Type
Linerboard
Medium Sheet
Others
Product Type
Rigid Box
Telescope Box
Folding Box
Slotted Box
Others
Application
Food & Beverage
Pharmaceuticals
Electronic Goods
Personal Care
Others
Region/ Countries Covered:North America
US
Canada
Mexico
Europe
U.K.
Germany
France
Italy
Spain
BeNeLux
Russia
Rest of Europe
Asia Pacific
China
Japan
Australia
India
South Korea
Malaysia
Thailand
Indonesia
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Egypt
South Africa
Rest of Middle East & Africa
Key Players Analyzed in the Report:DS Smith
US corrugated inc
Georgia-Pacific
Mondi Group, Inc
International Paper
Packaging Corporation of America
Smurfit Kappa Group
Orora Packaging Australia Pty Ltd
Oji holdings corporation