Dublin, Dec. 17, 2024 (GLOBE NEWSWIRE) — The “Corrugated Board Packaging – Global Strategic Business Report” has been added to ResearchAndMarkets.com’s offering.
The global market for Corrugated Board Packaging was estimated at US$4.4 Billion in 2023 and is projected to reach US$5.5 Billion by 2030, growing at a CAGR of 3.4% from 2023 to 2030.
The growth in the corrugated board packaging market is driven by several key factors, including the booming e-commerce sector, the rising demand for sustainable packaging solutions, and the increasing use of lightweight and customizable packaging across industries. One of the primary drivers of market growth is the exponential rise of e-commerce and online retail. As more consumers shift toward online shopping, businesses need reliable packaging that can withstand the rigors of shipping while protecting products from damage.
Corrugated board packaging meets this need with its strength, lightweight nature, and cost-effectiveness. The rise of direct-to-consumer brands and subscription box services has further fueled demand for corrugated packaging, as companies look for durable and aesthetically pleasing packaging solutions that also serve as marketing tools through branded designs.
Another significant driver is the growing focus on sustainability in the packaging industry. Consumers and businesses are increasingly prioritizing environmentally friendly packaging solutions that reduce waste and minimize carbon footprints. Corrugated board packaging, being made from renewable materials and highly recyclable, fits perfectly into the sustainability agenda.
Its biodegradability and the ability to be reused or recycled multiple times make it an attractive option for companies looking to meet corporate social responsibility (CSR) goals and comply with regulatory requirements related to packaging waste. The push for reducing single-use plastics has also accelerated the adoption of corrugated board packaging as a sustainable alternative in sectors like food delivery, retail, and electronics.
Customization and branding are also major factors driving the demand for corrugated board packaging. In competitive markets, packaging is increasingly seen as an extension of the brand, and businesses are leveraging corrugated packaging to create unique unboxing experiences and reinforce their brand identity. The flexibility of corrugated board allows companies to customize packaging sizes, shapes, and designs to suit specific product needs and marketing campaigns.
This is particularly important in industries such as cosmetics, electronics, and luxury goods, where packaging plays a crucial role in consumer perception. The rise of digital printing and advancements in material customization are making it easier for companies to create visually appealing, branded packaging that stands out on the shelf or in a consumer’s home. Additionally, the growing use of corrugated board packaging in the food and beverage industry is supporting market expansion.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Single Wall Board Packaging segment, which is expected to reach US$2.3 Billion by 2030 with a CAGR of a 3.9%. The Double Wall Board Packaging segment is also set to grow at 3.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $1.2 Billion in 2023, and China, forecasted to grow at an impressive 5.3% CAGR to reach $1.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Key Questions Answered:
- How is the Global Corrugated Board Packaging Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players in the Global Corrugated Board Packaging Market such as Amcor Ltd., Bio Pappel S.A.B. de C.V., DS Smith Plc, Georgia-Pacific LLC, Holmen AB and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 42 companies featured in this Global Corrugated Board Packaging market report include:
- Amcor Ltd.
- Bio Pappel S.A.B. de C.V.
- DS Smith Plc
- Georgia-Pacific LLC
- Holmen AB
- International Paper Company
- Lee & Man Paper Manufacturing Ltd.
- Mayr-Melnhof Karton
- MeadWestvaco
- Nine Dragons Paper (Holdings) Ltd.
- OJI Holding Corporation
- Smurfit Kappa Group Plc.
- Sonoco Products Company
- Svenska Cellulosa Aktiebolaget
- Vinda International Holdings Ltd.
- Weyerhaeuser Company
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 93 |
| Forecast Period | 2023 – 2030 |
| Estimated Market Value (USD) in 2023 | $4.4 Billion |
| Forecasted Market Value (USD) by 2030 | $5.5 Billion |
| Compound Annual Growth Rate | 3.4% |
| Regions Covered | Global |
Key Topics Covered:
1. MARKET OVERVIEW
- World Market Trajectories
- Global Economic Update
- Corrugated Board Packaging – Global Key Competitors Percentage Market Share in 2024
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Rising Demand for Sustainable and Recyclable Packaging Solutions Drives Growth of Corrugated Board Packaging Market
- Increased Adoption of Corrugated Packaging in E-Commerce Expands Addressable Market
- Surge in Demand for Lightweight and Cost-Effective Packaging Fuels Market Growth
- Rising Use of Corrugated Board Packaging in the Food and Beverage Industry Sets the Stage for Market Growth
- Surge in Adoption of Corrugated Packaging in Retail Expands Market Opportunities
- Technological Innovations in Corrugated Board Packaging for Enhanced Printing and Customization Drive Adoption
- Growing Demand for Corrugated Board Packaging in Electronics and Consumer Goods Expands Addressable Market
- Rising Focus on Corrugated Packaging for Reducing Plastic Waste Fuels Market Demand
- Surge in Adoption of Corrugated Packaging for Fragile and Heavy Goods Expands Market Opportunities
- Surge in Demand for Corrugated Board Packaging for Fresh Produce and Perishables Expands Market Opportunities
4. GLOBAL MARKET PERSPECTIVE
For more information about this report visit https://www.researchandmarkets.com/r/jesyzd
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