Corrugated Board Packaging Market Size (2024 - 2029)

The corrugated packaging market is experiencing growth driven by its increasing adoption in the e-commerce sector and the rising demand for food packaging. The market's expansion is supported by the material's recyclability and versatility, making it a preferred choice over plastic packaging. Corrugated boards offer protective features that are essential for shipping, particularly in the e-commerce industry, where there is a heightened demand for efficient and sustainable packaging solutions. The shift towards online shopping and the need for convenient food packaging are significant factors contributing to the market's growth trajectory.

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Market Size of Corrugated Board Packaging Industry

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Corrugated Board Packaging Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 189.83 Billion
Market Size (2029) USD 228.64 Billion
CAGR (2024 - 2029) 3.79 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific

Major Players

Corrugated Board Packaging Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Corrugated Packaging Market Analysis

The Corrugated Board Packaging Market size is estimated at USD 189.83 billion in 2024, and is expected to reach USD 228.64 billion by 2029, growing at a CAGR of 3.79% during the forecast period (2024-2029).

Corrugated boards are made of pulp and paper; therefore, they are extremely recyclable compared to plastic packaging. The corrugated board's fluting medium serves as a shock absorber, shielding packaged items from external impact. These containers can bear high pressure, and the flutes' varied layers and thicknesses offer advantages, including cushioning to safeguard packaged goods.

  • The e-commerce industry emerged as a significant end-user industry in recent years. Prominent e-commerce companies, such as Amazon, have been using corrugated board boxes for principal packaging, and they rely on plastic packaging for individual items.
  • E-commerce is expected to continue to gain traction, even in countries where online shopping is already popular. According to Morgan Stanley, In South Korea, due to well-developed payments and logistics infrastructure, online sales account for 37% of all retail activity. However, the growth is expected to continue further. E-commerce in South Korea is anticipated to increase by 45% in the next five years, driven by same-day delivery and food delivery options. Morgan Stanley estimates suggest that e-commerce could grow from USD 3.3 trillion as of June 2022 to USD 5.4 trillion in 2026.
  • The corrugated board is highly versatile. Thus, it can take various forms including box. Due to sustainability issues, it is slowly replacing flexible plastic bags. Moreover, corrugated boxes are a perfect base for several printing techniques. Thus, companies tend to prefer corrugated packaging as a marketing tool. They also act as mobile billboards, where the companies do not have to spend additionally on marketing.
  • The demand for convenience foods is rising due to people's busy lifestyles. As corrugated board packaging keeps moisture away and withstands long shipping times, companies are increasingly adopting this packaging type to offer better outcomes to customers. Processed foods, such as bread, meat products, and other perishable items, need these packaging materials to be used just once, thus driving the demand.
  • The growth in food packaging and ever-increasing demand for corrugated packages in growing e-commerce shipments are some of the primary drivers of the studied market resulting from the COVID-19 outbreak. In e-commerce portals, demand has sharply increased for grocery packaging, healthcare products, and e-commerce shipments. At the same time, the need for luxury, industrial, and some B2B-transport packaging has declined.

Corrugated Packaging Industry Segmentation

Corrugated board packaging offers a versatile and cost-efficient method to protect, preserve, and transport various products. The scope considers revenue from all types of packaging applications such as primary, secondary, and tertiary packaging using corrugated boxes. The corrugated board's attributes, such as lightweight, biodegradability, and recyclability, have made it an integral component in the packaging industry. This type of packaging is used across various end-user industries, such as processed foods, fresh food and produce, beverages, personal and household care, and e-commerce.

By End-user Industry
Processed Foods
Fresh Food and Produce
Beverages
Personal and Household Care
E-commerce
Other End-user Industries (Electrical & Electronics, Healthcare, Industrial, Textile, Glass & Ceramics)
By Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Italy
Spain
Poland
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Indonesia
Thailand
Australia
Malaysia
Rest of Asia-Pacific
Latin America
Brazil
Argentina
Mexico
Rest of Latin America
Middle-East and Africa
Saudi Arabia
South Africa
United Arab Emirates
Rest of Middle-East and Africa
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Corrugated Board Packaging Market Size Summary

The corrugated packaging market is poised for significant growth, driven by its sustainability advantages over plastic packaging and its versatility in various applications. Corrugated boards, made from pulp and paper, offer excellent recyclability and serve as effective shock absorbers, making them ideal for protecting packaged goods. The rise of e-commerce has been a major catalyst for this market, with companies like Amazon increasingly relying on corrugated boxes for their packaging needs. The demand for corrugated packaging is further bolstered by the growing preference for sustainable packaging solutions, particularly among environmentally conscious consumers, such as millennials. This shift is evident in the food packaging sector, where corrugated board is becoming a preferred alternative to plastic, especially for processed foods that require moisture protection and durability during shipping.

In regions like China, the corrugated packaging market is experiencing robust growth due to rising per capita income, urbanization, and the expansion of e-commerce. The increasing demand for eco-friendly packaging and the trend of consumption upgrading in industries such as food and beverage, IT electronics, and home appliances are driving this market forward. The market is characterized by fragmentation, with numerous players innovating to offer sustainable and efficient packaging solutions. Strategic investments and acquisitions, such as those by Mondi and WestRock, are enhancing production capacities and expanding market presence. These developments, coupled with technological advancements and increased containerboard capacity, are expected to propel the corrugated packaging market's growth trajectory in the coming years.

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Corrugated Board 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 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Consumers

      3. 1.3.3 Threat of New Entrants

      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

  2. 2. MARKET SEGMENTATION

    1. 2.1 By End-user Industry

      1. 2.1.1 Processed Foods

      2. 2.1.2 Fresh Food and Produce

      3. 2.1.3 Beverages

      4. 2.1.4 Personal and Household Care

      5. 2.1.5 E-commerce

      6. 2.1.6 Other End-user Industries (Electrical & Electronics, Healthcare, Industrial, Textile, Glass & Ceramics)

    2. 2.2 By Geography

      1. 2.2.1 North America

        1. 2.2.1.1 United States

        2. 2.2.1.2 Canada

      2. 2.2.2 Europe

        1. 2.2.2.1 United Kingdom

        2. 2.2.2.2 Germany

        3. 2.2.2.3 France

        4. 2.2.2.4 Italy

        5. 2.2.2.5 Spain

        6. 2.2.2.6 Poland

        7. 2.2.2.7 Rest of Europe

      3. 2.2.3 Asia-Pacific

        1. 2.2.3.1 China

        2. 2.2.3.2 India

        3. 2.2.3.3 Japan

        4. 2.2.3.4 South Korea

        5. 2.2.3.5 Indonesia

        6. 2.2.3.6 Thailand

        7. 2.2.3.7 Australia

        8. 2.2.3.8 Malaysia

        9. 2.2.3.9 Rest of Asia-Pacific

      4. 2.2.4 Latin America

        1. 2.2.4.1 Brazil

        2. 2.2.4.2 Argentina

        3. 2.2.4.3 Mexico

        4. 2.2.4.4 Rest of Latin America

      5. 2.2.5 Middle-East and Africa

        1. 2.2.5.1 Saudi Arabia

        2. 2.2.5.2 South Africa

        3. 2.2.5.3 United Arab Emirates

        4. 2.2.5.4 Rest of Middle-East and Africa

Corrugated Board Packaging Market Size FAQs

The Corrugated Board Packaging Market size is expected to reach USD 189.83 billion in 2024 and grow at a CAGR of 3.79% to reach USD 228.64 billion by 2029.

In 2024, the Corrugated Board Packaging Market size is expected to reach USD 189.83 billion.

Corrugated Packaging Market Report Snapshots

Corrugated Board Packaging Market Report - Industry Analysis, Size & Forecast (2024 - 2029)