Corrugated Packaging Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024

Description

The Global Corrugated Packaging Market reached a value of USD 224.1 billion in 2023 and is projected to expand at a CAGR of 4.3% from 2024 to 2032. Driven by the rapid growth of e-commerce, demand for corrugated packaging has surged as online retailers seek durable, lightweight, and economical solutions for shipping products safely. Corrugated boxes provide essential strength and flexibility for a wide range of products, making them integral to the e-commerce sector. Additionally, the rise of subscription services and cross-border shipping highlights the need for efficient, reliable packaging. Technological advancements like digital printing have propelled the market by enabling high-quality, customizable designs on corrugated boxes.

The corrugated packaging market is segmented by wall type into single-wall, double-wall, and triple-wall corrugated options. In 2023, single-wall corrugated packaging emerged as the leading segment, generating USD 97.2 billion in revenue and anticipated to grow at a CAGR of 5.3% over the forecast period. This type is widely preferred for its cost-effectiveness, lightweight, and versatility, which help reduce production and shipping expenses. Its adaptability across industries enhances inventory management, making it an efficient and sustainable packaging solution.

By printing technology, the market is categorized into lithography, flexography, digital printing, and others (including rotogravure). Flexography held around 42% of the total market share in 2023, with a projected CAGR of 5.1% throughout the forecast period. This printing technology excels in high-quality, large-volume production on various substrates, especially corrugated cardboard. Known for quick setup and fast drying, flexography reduces production lead times, making it highly cost-effective.

Market Scope
Start Year	2023
Forecast Year	2024-2032
Start Value	$224.1 Billion
Forecast Value	$341.8 Billion
CAGR	4.3%

The U.S. corrugated packaging market generated approximately USD 45.8 billion in 2023 and is expected to grow at a CAGR of 4.9% during the forecast period. The country's robust e-commerce sector, along with the popularity of home delivery services like meal kits and subscription boxes, has significantly boosted demand. Corrugated packaging is valued for its protective and eco-friendly attributes, positioning the U.S. as a key market player as consumer convenience and sustainable packaging solutions remain in high demand.

Product Code: 5246

Chapter 1 Methodology & Scope

1.1 Market scope & definitions
1.2 Base estimates & calculations
1.3 Forecast calculations
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry synopsis, 2021-2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Key news & initiatives
3.5 Regulatory landscape
3.6 Impact forces
- 3.6.1 Growth drivers
  - 3.6.1.1 Rise of E-commerce across the globe
  - 3.6.1.2 Technological advancements
  - 3.6.1.3 Growth of food & beverages industry
  - 3.6.1.4 Need in global supply chain
- 3.6.2 Industry pitfalls & challenges
  - 3.6.2.1 Sustainable issues
  - 3.6.2.2 Competition from alternative packaging such as flexible and plastics.
3.7 Technological overview
3.8 Growth potential analysis
3.9 Porter's analysis
3.10 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Wall Type, 2021-2032 (USD Billion) (Million Units)

5.1 Key trends
5.2 Single wall Corrugated
5.3 Double wall Corrugated
5.4 Triple-wall Corrugated

Chapter 6 Market Estimates & Forecast, By Boxes Style, 2021-2032 (USD Billion) (Million Units)

6.1 Key trends
6.2 Slotted boxes
6.3 Telescope boxes
6.4 Rigid (Bliss) boxes
6.5 Self-erecting boxes
6.6 Others (Interior Forms, die cut)

Chapter 7 Market Estimates & Forecast, By Flutes, 2021-2032 (USD Billion) (Million Units)

7.1 Key trends
7.2 Type A flute
7.3 Type B flute
7.4 Type C flute
7.5 Type E flute
7.6 Type F flute

Chapter 8 Market Estimates & Forecast, By Printing Technology, 2021-2032 (USD Billion) (Million Units)

8.1 Key trends
8.2 Lithography
8.3 Flexography
8.4 Digital printing
8.5 Others (Rotogravure, etc.)

Chapter 9 Market Estimates & Forecast, By End User, 2021-2032 (USD Billion) (Million Units)

9.1 Key trends
9.2 Food & beverages
9.3 Personal care & home care
9.4 Medical
9.5 Home appliances & electronics
9.6 Agriculture
9.7 Industrial
9.8 Chemical & plastics
9.9 Paper & carton
9.10 Others

Chapter 10 Market Estimates & Forecast, By Distribution Channel, 2021-2032 (USD Billion) (Million Units)

10.1 Key trends
10.2 Direct sales
10.3 Indirect sales

Chapter 11 Market Estimates & Forecast, By Region, 2021-2032 (USD Billion) (Million Units)

11.1 Key trends
11.2 North America
- 11.2.1 U.S.
- 11.2.2 Canada
11.3 Europe
- 11.3.1 UK
- 11.3.2 Germany
- 11.3.3 France
- 11.3.4 Italy
- 11.3.5 Spain
- 11.3.6 Russia
11.4 Asia Pacific
- 11.4.1 China
- 11.4.2 India
- 11.4.3 Japan
- 11.4.4 South Korea
- 11.4.5 Australia
- 11.4.6 Indonesia
11.5 Latin America
- 11.5.1 Brazil
- 11.5.2 Mexico
11.6 MEA
- 11.6.1 South Africa
- 11.6.2 Saudi Arabia
- 11.6.3 UAE

Chapter 12 Company Profiles

12.1 Cascades
12.2 CESCO
12.3 Danhil of Mexico
12.4 DS Smith
12.5 Evergreen Packaging
12.6 Georgia-Pacific
12.7 International Paper
12.8 Lee & Man Paper Manufacturing
12.9 Mondi Group
12.10 Montebello Container
12.11 Packaging Corporation of America
12.12 Rengo
12.13 Smurfit Kappa Group
12.14 Sultana Packaging
12.15 WestRock

Corrugated Packaging Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032