Corrugated Board Packaging Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The corrugated board packaging market was valued at USD 172.61 billion in 2021. It is expected to reach USD 212.32 billion by 2027, registering a CAGR of 3.6% from 2022 to 2027. Corrugated boards are made of pulp and paper; therefore, they are extremely recyclable compared to plastic packaging. The corrugated board's fluting medium serves as a shock absorber, shielding packaged items from external impact. These containers can bear high pressure, and the flutes' varied layers and thicknesses offer advantages, including cushioning to safeguard packaged goods.
Key HighlightsThe market for corrugated board packaging is fragmented, with many players providing corrugated board packaging solutions. Companies are constantly innovating to promote sustainable packaging and provide eco-friendly packaging products. Companies are launching corrugated box designs for various end-user industries to leverage the opportunities. The market is also witnessing multiple partnerships and acquisitions by market players to strengthen their portfolios in the corrugated board packaging segment.
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