Corrugated Packaging Market Size, Share, Forecast, & Trends Analysis by Type, Packaging Type, End-use Industry, and Geography

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Corrugated Packaging Market by Type (Single Wall, Double Wall, Triple Wall), Packaging Type (Slotted, Telescope, Fold Type & Tray), End-use Industry (Food & Beverages, Consumer Products, Pharmaceutical), and Geography-Global Forecast to 2031.

The research report titled, 'Corrugated Packaging Market by Type (Single Wall, Double Wall, Triple Wall), Packaging Type (Slotted, Telescope, Fold Type & Tray), End-use Industry (Food & Beverages, Consumer Products, Pharmaceutical), and Geography-Global Forecast to 2031,' provides an in-depth analysis of global corrugated packaging market in five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2031.

The global corrugated packaging market is projected to reach $206.3 billion by 2031, at a CAGR of 4.4% from 2024 to 2031.

The growth of the corrugated packaging market is driven by the rapidly growing e-commerce sector, the surging use of transit packaging in the food & beverage sector, and the growth of the packaging industry in Asia-Pacific. However, increasing overall packaging costs due to dynamic regulatory policies and fluctuations in raw material prices restrain the growth of this market.

Furthermore, the growing demand for sustainable & customizable packaging solutions is expected to generate growth opportunities for the stakeholders in this market. However, the additional distribution channel costs is a major challenge impacting the growth of the corrugated packaging market.

The global corrugated packaging market is segmented by type (single-face corrugated, single-wall corrugated, double-wall corrugated, triple-wall corrugated), packaging type (slotted (regular slotted container (RSC), half slotted container), full overlap container (FOL), telescope, fold type & tray, other packaging types), end-use industry (personal care & cosmetics, consumer products, pharmaceutical, food & beverage, nutrition & health supplements, home care, stationary items, other end-use industries). The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on type, the global corrugated packaging market is segmented into single-face corrugated, single-wall corrugated, double-wall corrugated, and triple-wall corrugated. In 2024, the single-wall corrugated segment is expected to account for the largest share of above 53% of the global corrugated packaging market. The large market share of this segment is attributed to the growing emphasis on sustainable packaging solutions, increasing use of single-wall material to reduce overall packaging weight and lower shipping costs, and the growing trend of Fit-to-product (FtP).

These boxes are designed to perfectly fit the product and minimize void space. A large portion of e-commerce products are lightweight and fragile; thus, single-wall packaging offers sufficient protection for these items during transportation. Moreover, this segment is also projected to register the highest CAGR during the forecast period.

Based on packaging type, the global corrugated packaging market is segmented into slotted, full overlap container (FOL), telescope, fold type & tray, and other packaging types. In 2024, the slotted segment is expected to account for the largest share of above 58% of the global corrugated packaging market. The large market share of this segment is attributed to the growing demand for sustainable & eco-friendly packaging solutions and increasing demand for regular slotted containers, as these boxes can be customized in various sizes and shapes to fit a wide range of e-commerce products such as apparel, books, and small appliances. Moreover, this segment is also projected to register the highest CAGR during the forecast period.

Based on end-use industry, the global corrugated packaging market is segmented into personal care & cosmetics, consumer products, pharmaceutical, food & beverage, nutrition & health supplements, home care, stationery items, and other end-use industries. In 2024, the food & beverage segment is expected to account for the largest share of above 42% of the global corrugated packaging market. The large market share of this segment is attributed to the increasing use of corrugated boxes for packaging applications in the food & beverage industry, changing food consumption habits and preferences, and growing regulations and consumer pressure to reduce plastic use in food packaging. In January 2024, Cascades Inc. (Canada) launched new eco-friendly packaging made of recycled and recyclable corrugated cardboard for food packaging applications. Moreover, this segment is also projected to register the highest CAGR during the forecast period.

Based on geography, the corrugated packaging market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of above 55% of the global corrugated packaging market. The market growth in Asia-Pacific is driven by the growth of the transit packaging market, rising disposable incomes and consumer spending in the region, the presence of a significant portion of the global corrugated packaging manufacturing capacity in the region, growing demand for eco-friendly packaging solutions, and the rapidly growing e-commerce sector. China's corrugated packaging market is maturing and is shifting its focus towards high-value corrugated packaging solutions. Countries such as Vietnam, Indonesia, and Thailand are experiencing a surge in e-commerce and economic activity, leading to a rise in corrugated packaging demand. Moreover, this region is also projected to record the highest CAGR of above 6% during the forecast period.

The key players operating in the global corrugated packaging market are Smurfit Kappa Group plc (Ireland), Mondi Group plc (U.K.), Packaging Corporation of America (U.S.), WestRock Company (U.S.), DS Smith Plc (U.K.), International Paper (U.S.), Rengo Co., Ltd. (Japan), Nine Dragons Paper (Holdings) Limited (China), Georgia-Pacific LLC (U.S.), Lee & Man Paper Manufacturing Ltd. (China), Oji Holdings Corporation (Japan), Greif, Inc. (U.S.), Nefab AB (Sweden), Sonoco Products Company (U.S.), and GWP Group (U.K.).

Key Questions Answered in the Report:

What are the high-growth market segments in terms of type, packaging type, and end user?
What is the historical market size for the corrugated packaging market?
What are the market forecasts and estimates for 2024-2031?
What are the major drivers, restraints, opportunities, challenges, and trends in the corrugated packaging market?
Who are the major players in the corrugated packaging market, and what are their market shares?
What is the competitive landscape like?
What are the recent developments in the corrugated packaging market?
What are the different strategies adopted by major market players?
What are the trends and high-growth countries?
Who are the local emerging players in the corrugated packaging market, and how do they compete with other players?

Scope of the Report:

Corrugated Packaging Market Assessment-by Type

Single-face Corrugated
Single-wall Corrugated
Double-wall Corrugated
Triple-wall Corrugated

Corrugated Packaging Market Assessment-by Packaging Type

Slotted
- Regular Slotted Container (RSC)
- Half Slotted Container
Full Overlap Container (FOL)
Telescope
Fold Type & Tray
Other Packaging Types

Corrugated Packaging Market Assessment-by End-use Industry

Personal Care & Cosmetics
Consumer Products
Pharmaceutical
Food & Beverage
Nutrition & Health Supplements
Home Care
Stationary Items
Other End-use Industries

Corrugated Packaging Market Assessment-by Geography

North America
- U.S.
- Canada
Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- Japan
- China
- India
- South Korea
- Indonesia
- Vietnam
- Rest of Asia-Pacific
Latin America
- Mexico
- Brazil
- Rest of Latin America
Middle East & Africa
- UAE
- Israel
- Rest of Middle East & Africa

Product Code: MRCHM - 1041148

1. Market Definition & Scope

1.1. Market Definition
1.2. Currency & Limitations
- 1.2.1. Currency
- 1.2.2. Limitations

2. Research Methodology

2.1. Research Approach
2.2. Data Collection & Validation Process
- 2.2.1. Secondary Research
- 2.2.2. Primary Research/Interviews with Key Opinion Leaders from the Industry
2.3. Market Sizing and Forecasting
- 2.3.1. Market Size Estimation Approach
- 2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study

3. Executive Summary

3.1. Overview
3.2. Market Analysis, By Type
3.3. Market Analysis, By Packaging Type
3.4. Market Analysis, By End-use Industry
3.5. Market Analysis, By Geography
3.6. Competitive Analysis

4. Market Insights

4.1. Overview
4.2. Factors Affecting Market Growth
- 4.2.1. Drivers
  - 4.2.1.1. Rapidly Growing E-commerce Sector
  - 4.2.1.2. Surging Use of Transit Packaging in the Food & Beverage Sector
  - 4.2.1.3. Growth of Packaging Industry in Asia-Pacific
- 4.2.2. Restraints
  - 4.2.2.1. Increasing Overall Packaging Costs Due to Dynamic Regulatory Policies
  - 4.2.2.2. Fluctuations in Raw Material Prices
- 4.2.3. Opportunities
  - 4.2.3.1. Growing Demand for Sustainable & Customizable Packaging Solutions
- 4.2.4. Challenges
  - 4.2.4.1. Additional Distribution Channel Costs
4.3. Key Trends
- 4.3.1. Increasing Demand for Smart Packaging
4.4. Case Studies
4.5. Porter's Five Forces Analysis
4.6. Value Chain Analysis

5. Corrugated Packaging Market Assessment-by Type

5.1. Overview
5.2. Single-face Corrugated
5.3. Single-wall Corrugated
5.4. Double-wall Corrugated
5.5. Triple-wall Corrugated

6. Corrugated Packaging Market Assessment-by Packaging Type

6.1. Overview
6.2. Slotted
- 6.2.1. Regular Slotted Container (RSC)
- 6.2.2. Half Slotted Container
6.3. Full Overlap Container (FOL)
6.4. Telescope
6.5. Fold Type & Tray
6.6. Other Packaging Types

7. Corrugated Packaging Market Assessment-by End-use Industry

7.1. Overview
7.2. Personal Care & Cosmetics
7.3. Consumer Products
7.4. Pharmaceutical
7.5. Food & Beverage
7.6. Nutrition & Health Supplements
7.7. Home Care
7.8. Stationary Items
7.9. Other End-use Industries

8. Corrugated Packaging Market-by Geography

8.1. Overview
8.2. North America
- 8.2.1. U.S.
- 8.2.2. Canada
8.3. Europe
- 8.3.1. Germany
- 8.3.2. U.K.
- 8.3.3. France
- 8.3.4. Italy
- 8.3.5. Spain
- 8.3.6. Rest of Europe
8.4. Asia-Pacific
- 8.4.1. Japan
- 8.4.2. China
- 8.4.3. India
- 8.4.4. South Korea
- 8.4.5. Indonesia
- 8.4.6. Vietnam
- 8.4.7. Rest of Asia-Pacific
8.5. Latin America
- 8.5.1. Mexico
- 8.5.2. Brazil
- 8.5.3. Rest of Latin America
8.6. Middle East & Africa
- 8.6.1. UAE
- 8.6.2. Israel
- 8.6.3. Rest of Middle East & Africa

9. Competition Analysis

9.1. Overview
9.2. Key Growth Strategies
9.3. Competitive Benchmarking
9.4. Competitive Dashboard
- 9.4.1. Industry Leaders
- 9.4.2. Market Differentiators
- 9.4.3. Vanguards
- 9.4.4. Emerging Companies
9.5. Market Share Analysis

10. Company Profiles

10.1. Smurfit Kappa Group plc
10.2. Mondi Group plc
10.3. Packaging Corporation of America
10.4. WestRock Company
10.5. DS Smith Plc
10.6. International Paper
10.7. Rengo Co., Ltd.
10.8. Nine Dragons Paper (Holdings) Limited
10.9. Georgia-Pacific LLC
10.10. Lee & Man Paper Manufacturing Ltd.
10.11. Oji Holdings Corporation
10.12. Greif, Inc.
10.13. Nefab AB
10.14. Sonoco Products Company
10.15. GWP Group

11. Appendix

11.1. Available Customization
11.2. Related Reports