The Corrugated Board Packaging Market size is estimated at USD 189.83 billion in 2024, and is expected to reach USD 228.64 billion by 2029, growing at a CAGR of 3.79% during the forecast period (2024-2029).
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.
The 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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook