China Corrugated Packaging Market Size (2024 - 2029)

The Chinese corrugated packaging market is poised for significant growth, driven by the increasing adoption of e-commerce and the rising demand for sustainable packaging solutions. The market's expansion is supported by the growing use of corrugated boxes across various sectors, including food and beverages, consumer electronics, and pharmaceuticals. Despite challenges such as the availability of alternative packaging materials and environmental concerns, the market is expected to benefit from the heightened need for packaging in online commerce and the protection of sensitive goods. The COVID-19 pandemic and geopolitical factors like the Russia-Ukraine war have further influenced the dynamics of the packaging industry, contributing to the market's development.

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Market Size of China Corrugated Packaging Industry

China Corrugated Packaging Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.10 %
Market Concentration Medium

Major Players

China Corrugated Packaging Market Major Players

*Disclaimer: Major Players sorted in no particular order

China Corrugated Packaging Market Analysis

The Chinese corrugated packaging market is expected to register a CAGR of 4.1% over the forecast period. In China, mobile devices accounted for around 69% of all e-commerce transactions as of 2021; by 2025, the percentage is projected to reach 75%. Smartphones are becoming the go-to device for many Chinese customers when they make online purchases.

  • Corrugated boxes are becoming the material of preference for online-based delivery channels due to the rising need for sustainability. The global corrugated packaging market is expanding due to the increasing demand. According to the National Bureau of Statistics of China, in the following years, the corrugated packaging market will experience considerable expansion due to the expanding use of corrugated boxes in numerous industries, including food and beverages, consumer electronics, pharmaceutical, and homecare goods sectors. In 2021, online commerce transactions in China reached CNY 13.09 trillion (~USD 1.8 trillion), representing 11.3 % year-on-year growth. The e-commerce market in China has maintained steady growth in recent years.
  • Amazon uses corrugated board boxes as its primary packaging material, making the e-commerce sector a key participant in recent years. As Thailand's worries about packaging waste grow, the government will likely be forced to enact legislation encouraging individuals to use environment-friendly packaging solutions, such as corrugated boxes or folding cartons. This will boost the market growth.
  • Over the past several years, developed regions have seen a surge in their use of gadgets and appliances, and China has been a significant exporter of electronics worldwide. Owing to their high level of sensitivity, these appliances need to be shielded from external harm and shock. Such requirements present profitable prospects for suppliers of corrugated packaging in the country. Despite the encouraging growth trajectory, the availability of substitutes like bioplastics might, in some instances, provide barriers to the expansion of the business. In addition, according to the National Bureau of Statistics of China, the per capita expenditure of private urban households in China on household items and services in 2021 was CYN 1,820 (~USD 285.61), up from CNY 1,640 (~USD 257.36) in 2020.
  • However, increasing sustainability issues, growing environmental concerns, and rising raw material prices might hinder market growth in the long run. Also, the availability of another packaging alternative might affect the market growth.
  • The rise in demand for packaged food and the escalating need for corrugated packages in expanding e-commerce shipments were some crucial COVID-19 outbreak-related market drivers. During the pandemic, the demand for supermarket packaging, healthcare items, and e-commerce shipping grew significantly. At the same time, demands for luxury, industrial, and B2B transport packaging decreased. The Russia-Ukraine war has also impacted the overall packaging ecosystem.

China Corrugated Packaging Industry Segmentation

The study tracks the corrugated packaging market based on the demand tracked in terms of revenue obtained by sales of corrugated packaging solutions limited to the geography of China. The study also tracks the effects of regulations and market drivers on growth, along with factors hindering market growth. 

The China Corrugated Packaging Market is Segmented by End-user Industry (Food, Beverages, Electrical Goods, Household, and Other End-user Industries (Industrial, Stationary, etc.)). The market sizes and forecasts are provided in terms of value in USD million for all the above segments.

By End-user Industry
Food
Beverages
Electrical goods
Household
Other End-user Industries (Industrial, Stationary, etc.)
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China Corrugated Packaging Market Size Summary

The Chinese corrugated packaging market is poised for steady growth, driven by the increasing demand for sustainable packaging solutions across various sectors. The rise of e-commerce, particularly through mobile devices, has significantly boosted the need for corrugated boxes, which are favored for their eco-friendly attributes. This trend is further supported by the expanding use of corrugated packaging in industries such as food and beverages, consumer electronics, pharmaceuticals, and homecare products. The market's growth is also influenced by the burgeoning e-commerce sector, with major players like Tmall and JD.com leading the charge. However, challenges such as the availability of alternative packaging materials and rising raw material costs could pose potential hurdles to market expansion.

The market landscape is characterized by a fragmented structure with numerous local and global vendors actively participating. Companies like Shanying Paper Co. Limited, Hung Hing Printing Group Limited, and Nine Dragons Paper Holdings Limited are key players driving innovation and capacity expansion. The demand for corrugated packaging is further bolstered by the growth of China's household appliance market, which is increasingly leaning towards smart appliances. These developments, coupled with strategic initiatives such as vertical and horizontal integration, are expected to enhance the market's growth trajectory over the forecast period. Despite potential challenges, the overall outlook for the Chinese corrugated packaging market remains positive, with significant opportunities for growth and development.

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China Corrugated Packaging Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Value Chain Analysis

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

    4. 1.4 Assessment Of The Impact Of COVID-19 On The Market

    5. 1.5 Overview Of The Global Corrugated Packaging Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By End-user Industry

      1. 2.1.1 Food

      2. 2.1.2 Beverages

      3. 2.1.3 Electrical goods

      4. 2.1.4 Household

      5. 2.1.5 Other End-user Industries (Industrial, Stationary, etc.)

China Corrugated Packaging Market Size FAQs

The China Corrugated Packaging Market is projected to register a CAGR of 4.10% during the forecast period (2024-2029)

Shanying Paper Co. Limited, Hung Hing Printing Group Limited, Nine Dragons Paper Holdings Limited, Belpax and Shanghai DE Printed Box are the major companies operating in the China Corrugated Packaging Market.

China Corrugated Packaging Report Snapshots

CHINA CORRUGATED PACKAGING MARKET Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)