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Corrugated Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

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Product packaging is an essential part of a product life cycle. Consumers’ need for convenient, light weight product packaging has driven the packaging industry to manufacture organized paperboard product packaging solutions with the aim to meet the consumer demands and tap the organized retail industry. The ongoing penetration of e-commerce and retail industry boom have resulted in the increased manufacture of innovative corrugated packaging solutions that contribute significantly to the global corrugated packaging market. Corrugated packaging materials are manufactured from recyclable card board boxes that are eco-friendly. Corrugated packaging market is expected to grow significantly owing to the rapid development of manufacturing sector during the forecast period.

Corrugated Packaging Market: Market Dynamics

Growth of processed food industry owing to increasing consumer demand have resulted into a growth of corrugated packaging market. Corrugated packaging market is majorly driven by the growing e-commerce business. Changing consumer lifestyle patterns have boosted up the growth of e-commerce business wherein, the manufacturers have widely adopted the use of corrugated packaging to ensure safe product delivery, thereby escalating the growth of global corrugated packaging market. Moreover, the organized retailing have a significant contribution to the increasing demand for global corrugated packaging market. The need for preserving the product shelf life, retailers store products in corrugated boxes thereby fueling up the demand for corrugate packaging market.

However, corrugated packaging market witnesses few restraints that hinders the market growth. The major drawback of corrugated packaging is its durability factor. Corrugated packaging is incapable of withstanding harsh indoor and outdoor conditions and might cause damage to delicate products such as electronics, or fragile products made of glass and others.

Corrugated Packaging Market: Market Segmentation

Corrugated packaging market can be segmented on the basis of corrugated box types which includes:

  • Slotted Box
  • Folder Box
  • Telescope Box
  • Rigid Box
  • Others

Corrugated packaging market can be segmented on the basis of application which includes:

  • Food & Beverage
  • Automotive
  • Electronics
  • Health & Hygiene
  • Pharmaceuticals
  • Other Consumer Goods

On the basis of corrugated box types the corrugated packaging market can be segmented into slotted box, folding box, telescope box, rigid box and others. Out of these boxes, rigid boxes and folding boxes and folding boxes are widely used by e-commerce and retail sectors. Corrugated packaging can be segmented on the basis of application which includes food and beverage industry wherein, corrugated packaging is used for products like fruits and vegetables, liquid bottles (juice bottles, water bottles), processed food such as readymade soups, pizzas and others, bakery and confectionary products such as cakes, chocolates and biscuits and others. Corrugated packaging is also used in automotive and electronic industries for delicate components. Pharmaceutical and health and hygiene industry has a wide application of corrugated packaging for shipping and storing medicines, cosmetics and other consumer goods.

Corrugated Packaging Market: Regional Outlook

Regional coverage for corrugated packaging market includes North America, Latin America, Europe, Asia Pacific and China (APAC) and Middle East and Africa (MEA). North America accounts for a higher market share in corrugated packaging market as compared to other regions owing to the prominence of e-commerce business and retail sector, followed by Latin America and Europe which contributes significantly to the global corrugated packaging market growth. Steady growth in e-commerce business and food and beverage industry in APAC offers a potential opportunity for the corrugated packaging market to boom during the forecast period. MEA region is expected to grow significantly in terms of global corrugated packaging market.

Corrugated Packaging Market: Market Players

Players operating in the global corrugated packaging market include U.S Corrugated Inc., Georgia- Pacific, Smurfit Kappa Group, DS Smith, Mondi Group and others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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