Overview

The Corrugated Packaging Market is set to grow at a CAGR of 5.9% during the forecast period 2019 to 2025. As per the Market Research Report, the market will hit US$250.9 billion in terms of valuation by the end of 2025. The market growth will be driven by the growing application in industries such as food beverages. Based on the research report, a huge online customer base for corrugated packaging products will accelerate growth in the market till 2025. Although increasing regulations in the corrugated box industry will have a negative impact on the Global Corrugated Packaging Market’s Growth during this period. Increase in raw material prices is predicted to be a key challenge which could become a strong threat from 2019 to 2025 to companies. The market report published by expert analysts includes primary and secondary data and suggests that application, material, type, and wall construction segments are anticipated to witness tremendous growth till 2025. Factors such as technological innovations will become key growth drivers during the forecast period and an increase in preference for sustainable packaging solutions is also said to be supporting the market globally, however, the growth projected for the forecast period could be affected by increasing regulations and requirements which could negatively affect activities taking place across the market. The high cost associated with products is another challenge the market could face till 2025.

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Market Segmentation

The global corrugated packaging market has been segmented based on application, material, type, and wall construction. On the basis of application, the market for corrugated packaging is segmented based on electronic goods, food beverages, personal care, pharmaceuticals, and others. Additionally, the market on the basis of material, is segmented into linerboard, medium, and others. The global market for corrugated packaging is also covered based on type segment, which is further split into self-erecting boxes, slotted boxes, telescope boxes, rigid boxes, and others. On the basis of wall construction, the market for corrugated packaging is segmented based on single-wall, double-wall, and triple-wall.

Major elements such as unfavorable policies which led to shutdown of several companies around the world could obstruct the corrugated packaging market growth. However, according to the corrugated packaging market research report, the growth in online selling of food beverages along with growing sales on digital platforms will propel growth throughout the forecast period. The corrugated packaging market is set to register growth at a high CAGR owing to these key factors. The exploration of application, material, type, and wall construction segments along with regional markets has been given in the global corrugated packaging market research report. The research analysts studying the corrugated packaging market have put out market forecasts in the corrugated packaging market research report in order to support corrugated packaging market-based companies. The corrugated packaging market research report provides an extensive understanding of the corrugated packaging market based on the information and forecasts till 2027.

Regional Analysis:

The Corrugated Packaging Market, with its product and service-related segments, is spread across the world. packaging and printing based regional markets are also covered in the market research report. The regional markets are Asia-Pacific, Europe, North America, the Middle East and Africa and the rest of the world. The growth in the demand for FMCG products and branded consumer durables is anticipated to be a major factor for growth across the packaging and printing space during the forecast period. The regional market in North America is classified as the United States, Mexico, Canada, and others. The packaging and printing sector based regional markets in Europe are split into Italy, Germany, France, and the United Kingdom. In the Asia Pacific region, the market is segmented into China, India, Japan, and others. packaging and printing based businesses in these regional markets are anticipated to grow due to the growing food beverage industry during the forecast period 2019 to 2025. Although the market’s growth could be affected by the availability of substitutes. The analysts have also segmented markets of the Middle East, Africa, and the rest of the world.

Competitive Landscape:

Smurfit Kappa Group, Mondi Group, Orora Packaging Australia Pty Ltd, DS Smith, International Paper, Europac Group, WestRock, Archis Packaging (India) Pvt. Ltd, Georgia-Pacific LLC, and Packaging Corporation of America are eminent names in the corrugated packaging market report for their significant contributions in the market. Their influences mostly include tactical measures, which analysts from MRFR have tracked to identify trends that are impacting the market.

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Industry News:

In August 2020, Valmet announced that the company would supply Valmet IQ quality management system to PJSC Kyiv Cardboard and Paper Mill. The facility is in Kiev, Ukraine. This system will get installed in the corrugated packaging plant, where the chief focus is on modernizing the infrastructure. This investment has a specific focus on improving the quality of the corrugated board and while doing so, it will also increase productivity and profitability. The Valmet IQ quality management system is getting acknowledgment from several quarters for its effective use in Corrugator plants.

The global market for corrugated packaging got impacted by the COVID-19 as several chains of supplies got disrupted by stringent measures implemented by governments as countering tactics to prevent the disease from spreading. However, the recent relaxation of the laws can bring the market back on track in coming years. 

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