The global corrugated board packaging market is projected to grow at a CAGR of over 4% during the forecast period. The key factors that drive the growth of the market include the shift of preferences of the consumers for eco-friendly, economical, and lightweight packaging material. The rising e-commerce sector is further flourishing the growth of the market. Corrugated board is an eco-friendly option for the packaging of goods that mainly includes recyclable materials such as old newspapers, cardboard cartons, and others. These are some of the key factors that drive the growth of the market over the forecast period.
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However, the demand for flexible packaging options in comparison with the corrugated board packaging is likely to challenge the growth of the market over the forecast period. For instance, as per the India Brand Equity Foundation (IBEF), flexible packaging is expected to grow at 25% per annum and rigid packaging to grow at 15% per annum. This represents that flexible packaging is one of the most dynamic and fastest-growing markets in India. An emerging shift from conventional rigid packaging to flexible packaging has been witnessed in the country owing to the several benefits offered by flexible packaging, including savings in transportation costs and convenience in handling and disposal. Hence, this may challenge the growth of the market over the forecast period.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Corrugated Board Packaging Market by Application
- Food & Beverages
- Electronic Goods
- Pharmaceuticals
- Beauty &Personal Care
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Ariba & Co.
- Cascades Inc.
- DS Smith Plc
- Georgia-Pacific LLC (Koch Industries Inc.)
- International Paper Co.
- Klabin SA
- KlingelePapierwerke GmbH & Co. KG
- Lee & Man Paper Manufacturing Ltd.
- Mondi Group
- Nine Dragons Paper (Holdings) Ltd.
- Nippon Paper Industries Ltd.
- Oji Holdings Corp.
- Orora Packaging Australia Pty Ltd.
- Packaging Corp. of America
- Rengo Co. Ltd.
- Sealed Air Corp.
- Smurfit Kappa Group
- Waterman (Box Makers) Ltd.
- WestRock Co.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global corrugated board packaging market. Based on the availability of data, information related to products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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