Overview

Corrugated Packaging Market

The global corrugated packaging market has seen significant expansion over the last two decades, achieving steady single-digit growth between 2018 and 2022. This growth can be attributed to the versatile use of corrugated board packaging across diverse industries for shipping, transportation, and storage, thanks to its lightweight, cost-effective, and sustainable nature. Key market drivers include the rapid rise of e-commerce, advancements in digital printing, and an increased focus on efficient supply chain management, all of which are contributing to the corrugated packaging market's growth.

Demand for eco-friendly packaging solutions is fueling the global corrugated packaging industry, with sustainable packaging options becoming increasingly popular. Regulatory measures to reduce plastic packaging, particularly in countries like India, are boosting demand for paper-based alternatives. Additionally, Foreign Direct Investments (FDIs) and capital inflows into packaging initiatives worldwide are expected to propel the corrugated packaging industry’s growth.

Recent Developments in the Global Corrugated Packaging Market

Increasing Number of New Players

The global corrugated packaging market is characterized by a high level of fragmentation, with numerous large players dominating the landscape. However, in recent years, several new entrants have made their mark. For example, Delmarva Corrugated Packaging stands out as an innovative company within the corrugated packaging sector, emphasizing the delivery of high-quality products at competitive prices.

Emerging Technology

In the realm of the sustainable packaging market, Noel Alimentaria and Mondi have partnered to launch a new paper-based food tray designed for both plant-based and meat products. Additionally, DS Smith, a UK-based leader in sustainable packaging, has introduced a corrugated board packaging solution specifically for the online shipment of medical devices. This innovative box replaces traditional adhesive packaging with a single-use plastic insert, providing a sustainable alternative made entirely from one material.

Performance of Segmentation

By Products: Within the global corrugated packaging market, the food and beverage industry commands the largest market share, utilizing corrugated packaging extensively. Following this sector are others, including paper and paper products, electrical and electronics, personal care, and healthcare. Recently, the healthcare packaging market has emerged as a significant end-user of corrugated packaging solutions. Corrugated boxes and containers are increasingly utilized for packaging and transporting medical devices, equipment, and pharmaceutical products. These packaging solutions must adhere to stringent regulatory requirements and effectively maintain the integrity and sterility of the items.

By Geography: The Asia-Pacific region holds the largest market share in the corrugated packaging industry. This growth is driven by increasing per capita income, with the local population showing a strong preference for convenient packaged food products. Additionally, the rising number of working women in the region has further propelled market growth.

North America ranks second in market share, supported by a well-established packaging industry and a robust presence of key end-use sectors such as food and beverage, e-commerce, retail, and electronics. However, the market has been experiencing slower growth in recent years. In contrast, Europe is expected to experience healthy growth from 2022 to 2027, while the MEA region is emerging as a promising market, exhibiting positive growth trends.

Future Outlook of the Corrugated Packaging Market

The corrugated packaging sector is experiencing significant growth, largely driven by the rise of e-commerce and advancements in digital printing technologies. In recent years, the e-commerce sector has emerged as a major end-user for corrugated packaging, with corrugated board packaging being the preferred choice for large online retailers like Amazon, which often utilize plastic wrapping for individual products. Even in regions where online shopping is well-established, further growth in e-commerce is anticipated.

The consumption of corrugated packaging materials is projected to increase by nearly 4% annually from 2022 to 2027. During the forecast period of 2023 to 2028, the global corrugated box market is expected to expand rapidly. As of 2023, the market shows steady development, and with major players implementing various strategies, a significant rise in the corrugated packaging market growth is anticipated.

Despite intense competition, investor interest in the corrugated packaging industry remains strong, as a clear global recovery trend is observed, leading to the influx of new investments in the corrugated packaging sector in the future.

Scope of the Study

Makreo Research has released a detailed study on the corrugated packaging market, titled “Global Corrugated Packaging Market Analysis & Forecast (2018-2028).” This study evaluates the demand and production aspects of the corrugated packaging sector, providing a thorough analysis of both past and present corrugated packaging industry trends. The market has experienced various shifts in recent years, impacting the profit margins of players while also contributing to increased demand. The growth of the e-commerce sector has significantly boosted the demand for corrugated board packaging.

The report offers a well-rounded mix of qualitative and quantitative insights, incorporating macroeconomic and microeconomic assessments. Additionally, the competitive landscape has been analyzed to support our findings using a bottom-up approach.

Global Corrugated Packaging Market Segmentation

By Geography:

North America
Asia-Pacific
Europe
Middle East & Africa

By End User:

Food & Beverages
Healthcare & Pharmaceutical
Paper Products
Electrical & Electronics
Personal Care & Household
Chemicals
Others

North America Corrugated Packaging Market Segmentation:

By Geography: The US, Canada, Mexico

Europe Corrugated Packaging Market Segmentation:

By Geography: Germany, Italy, Spain

Asia-Pacific Corrugated Packaging Market Segmentation:

By Geography: India, China, Japan, Indonesia, Australia, Malaysia, Vietnam, Philippines

Companies Discussed in the Report

International Paper Company
Packing Corporation of America
Matthews International Corp.
Graphic Packaging Holding Co.
Smurfit Kappa Group Plc
West Rock Company
DS Smith Plc.
Mondi Group Plc
Oji Holdings Corporation
Nine Dragons Paper (Holdings) Limited
Rengo Co., Ltd.
Cascades Inc.
Menasha Corporation
Georgia Pacific Packaging LLC
Lee & Man Paper Manufacturing Ltd

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Report Synopsis
1.Research Methodology
1. 1.1.Objective of the Study
2. 1.2.Research Process
3. 1.3.Data Collection Methods
4. 1.4.Analytical Framework
2.Global Corrugated Packaging Market – EPTD Analysis
1. 2.1.EPTD Analysis : Economic Overview
2. 2.2.EPTD Analysis : Political Overview
3. 2.3.EPTD Analysis : Technological Overview
4. 2.4.EPTD Analysis : Demographic Overview
3.Global Corrugated Packaging Market – Trade Performance
1. 3.1.Global Corrugated Packaging: Trade Performance
  1. 3.1.1Cartons, Boxes & Cases, of Corrugated Paper or Board: Exporting & Importing Countries
2. 3.2.Cartons, Boxes & Cases, of Corrugated Paper or Board: United States Trade
  1. 3.2.1.Cartons, Boxes & Cases, of Corrugated Paper or Board: United States Trade
  2. 3.2.2.Corrugated Paper Exports: United States
  3. 3.2.3.Corrugated Paper Imports: United States
3. 3.3.Corrugated Paper and Paperboard Imports: Canada
4. 3.4.Corrugated Paper and Paperboard Imports: Mexico
  1. 3.4.1.Containerboard and Kraft liner Imports: Mexico
5. 3.5.Corrugated Paper and Paperboard Trade Performance: European Union
  1. 3.5.1.Corrugated Paper Export and Import: Germany
  2. 3.5.2.Corrugated Paper Export and Import: Netherlands
6. 3.6.Corrugated Paper Trade: China
  1. 3.6.1.China Corrugated Packaging Market: Export Performance
  2. 3.6.2.China Corrugated Packaging Market: Import Performance
7. 3.7.Corrugated Packaging Trade: India
  1. 3.7.1.India Corrugated Packaging Market: Export Performance
8. 3.8.Corrugated Packaging Trade: Thailand
4.Global Corrugated Packaging Market Past & Present Analysis
1. 4.1.Global Corrugated Packaging Market Structure
2. 4.2.Global Corrugated Packaging Market : An Overview
3. 4.3.Global Corrugated Packaging Market Application Snapshot
4. 4.4.Global Corrugated Packaging Market : Past and Present Performance
5. 4.5.Global Corrugated Packaging Market Performance: By Geography
6. 4.6.Global Corrugated Packaging Market Performance: By End User
5.Global Corrugated Packaging Market by Region – North America
1. 5.1.North America Corrugated Packaging Market Performance
  1. 5.1.1.North America Corrugated Packaging Market Revenue Analysis
  2. 5.1.2.North America Corrugated Packaging Market : by Geography
2. 5.2.United States Corrugated Packaging Shipments
  1. 5.2.1.United States Corrugated Packaging Market: Key Facts
  2. 5.2.2.United States Corrugated Packaging Market: Price Scenario
3. 5.3.Canada Corrugated Packaging Market Shipments
  1. 5.3.1.Canada Corrugated Packaging Market: Key Facts
4. 5.4.Mexico Corrugated Packaging Market: Key Facts
  1. 5.4.1.Mexico Corrugated Packaging Market : Price Scenario
  2. 5.4.2Mexico Packaging Material by Raw Material & End Users
5. 5.5.North America Corrugated Packaging Market : By End User
6.Global Corrugated Packaging Market by Region – Europe
1. 6.1.Europe Corrugated Packaging Market Snapshot
  1. 6.1.1.Europe Corrugated Packaging Market: Key Facts
  2. 6.1.2.Europe Corrugated Packaging Shipments
  3. 6.1.3.Europe Corrugated Packaging Market: Number of Companies
  4. 6.1.4.Europe Corrugated Packaging Market: Key Production Statistics
  5. 6.1.5Europe Corrugated Packaging Market Revenue Analysis
  6. 6.1.6.Europe Corrugated Packaging Market Revenue & Forecast
  7. 6.1.7.Europe Corrugated Packaging Market: by Geography
2. 6.2.Germany Corrugated Packaging Market: Key Facts
  1. 6.2.1.Germany Corrugated Packaging Shipments
3. 6.3.United Kingdom Corrugated Packaging Shipments
4. 6.4.Italy Corrugated Board and Packaging Shipments
5. 6.5.Spain Corrugated Board and Packaging Shipments
6. 6.6.Europe Corrugated Packaging Market by End User
7.Global Corrugated Packaging Market by Region – Asia Pacific
1. 7.1.Asia-Pacific Corrugated Packaging Market: Key Facts
  1. 7.1.1.Asia-Pacific Corrugated Packaging Market Revenue & Forecast
  2. 7.1.2.Asia-Pacific Corrugated Packaging Market: by Geography
2. 7.3.China Corrugated Packaging Market: Key Facts
  1. 7.3.1.China Corrugated Board Annual Production Performance
  2. 7.3.2.China Corrugated Board Month on Month Production Performance
  3. 7.3.3China Corrugated Packaging Market: Price Scenario
3. 7.4.India Corrugated Packaging Market: Key Facts
  1. 7.4.1.India Corrugated Packaging Market Outlook
  2. 7.4.2.India Corrugated Packaging Market: Price Scenario
4. 7.5.Japan Corrugated Packaging Market: Key Facts
  1. 7.5.1Japan Corrugated Board Annual Production Performance
  2. 7.5.2.Japan Corrugated Board Month on Month Production Performance
  3. 7.5.3.Japan Corrugated Board Annual Consumption Performance
  4. 7.5.4Japan Corrugated Board Month on Month Consumption Performance
5. 7.6.Indonesia Corrugated Packaging Market: Key Facts
6. 7.7.Australia Corrugated Packaging Market: Key Facts
7. 7.8.Malaysia Corrugated Packaging Market: Key Facts
8. 7.9.Vietnam Corrugated Packaging Market: Key Facts
9. 7.10.Philippines Corrugated Packaging Market: Key Facts
8.Global Corrugated Packaging Market by Region – Middle East & Africa
1. 8.1.Middle East and Africa Corrugated Packaging Market: Key Facts
9.Global Corrugated Packaging Market – New Technologies
1. 9.1.New Technologies in Machinery
10.Global Corrugated Packaging Market – Competitive Landscape
1. 10.1.Global Corrugated Packaging Market: Competitive Landscape
2. 10.2.Global Corrugated Packaging Market: Mergers /Acquisitions/ Investments 2018-2022
3. 10.3.Global Corrugated Packaging Market: Funding Timeline
4. 10.4.Global Corrugated Packaging Market: Emerging Startups
5. 10.5.Global Corrugated Packaging Market: Company Profiles
  1. 10.5.1.Company Profile: International Paper Company
  2. 10.5.2.Company Profile: Packing Corporation of America
  3. 10.5.3.Company Profile: Matthews International Corp.
  4. 10.5.4.Company Profile: Graphic Packaging Holding Co.
  5. 10.5.5.Company Profile: Smurfit Kappa Group Plc
  6. 10.5.6.Company Profile: West Rock Company
  7. 10.5.7.Company Profile: DS Smith Plc
  8. 10.5.8.Company Profile: Mondi Group Plc
  9. 10.5.9.Company Profile: Oji Holdings Corporation
  10. 10.5.10.Company Profile: Nine Dragons Paper (Holdings) Limited
  11. 10.5.11.Company Profile: Rengo Co., Ltd.
  12. 10.5.12.Company Profile: Cascades Inc.
  13. 10.5.13.Company Profile: Menasha Corporation
  14. 10.5.14.Company Profile: Georgia Pacific Packaging LLC
  15. 10.5.15.Company Profile: Lee & Man Paper Manufacturing Ltd
11.Global Corrugated Packaging Market – Future Outlook
1. 11.1.Global Corrugated Packaging Market: Future Outlook
2. 11.2.Factors to Drive Future Growth of the U.S. Corrugated Packaging Market
3. 11.3.Factors to Drive Future Growth of the Europe Corrugated Packaging Market
4. 11.4.Factors to Drive Future Growth of the Asia Pacific Corrugated Packaging Market
Analyst Recommendations
Limitations of the Study
List of Figures and Tables
Global Real GDP Growth (Annual % Change), 2015-2023
Inflation Rate, Average Consumer Price (Annual % Change), 2017-2023
FDI Net Inflow in Q1’2020-Q2 2022
Political Framework Parameters of Developed Economies
Political Framework Parameters of Emerging Economies
Total World Population, 2011-2021
Share of Global Forest Area, 2020
GNI Per Capita of Major Region Worldwide, 2021
Top Exporters of Cartons, Boxes & Cases, of Corrugated Paper or Board, 2021
Top Importers of Cartons, Boxes & Cases, of Corrugated Paper or Board, 2021
United States Paper and paperboard; cartons, boxes and cases, of corrugated paper or paperboard exports by country, 2019
United States Corrugated Paper Export by Country, 2019
United States Corrugated Paper Export by Country, 2019
United States Corrugated Paper Export by Country, 2021
United States Corrugated Paper Import by Country, 2021
Canada Import of Sanitary Food or Beverage Containers, of Corrugated Paper/Paperboard, 2021
Canada Import of Sanitary Food or Beverage Containers, of Corrugated Paper/Paperboard, 2021
Mexico Containerboard Imports, Jan-Oct 2021 vs. Jan-Oct 2022
Germany Corrugated Paper Export by Country, 2021
Germany Corrugated Paper Import by Country, 2021
Netherlands Corrugated Paper Export by Country, 2021
Netherlands Corrugated Paper Import by Country, 2021
China Corrugated Paper Export by Country, 2021
Share Contribution of China Top Five Countries & Region’s Export Value, H1 2022
Share Contribution of China Major Countries Showcasing Higher Growth Rate, H1 2022
China Paper and paperboard; cartons, boxes and cases, of corrugated paper or paperboard Imports by country, 2019
China Corrugated Paper Import by Country, 2021
Imports vs. Exports of Corrugated Boxes, 2018-2021
Imports vs. Exports of Corrugated Boxes, 2018-2021
India Corrugated Box Export by Country
Total Thailand Export of Pulp of Fiber Derived from Recovered Paper or Paperboard to all Nation, 2019-2021, Export Ton
Total Thailand Export of Pulp of Fiber Derived from Recovered Paper or Paperboard to China, 2019-2021, Export Ton
Global Corrugated Packaging Market Revenue, 2018-2022
Global Corrugated Packaging Market Revenue by Geography, 2022
Global Corrugated Packaging Market Revenue by Geography, 2022 (%)
Global Corrugated Packaging Market Revenue by End User, 2022 (%)
North America Corrugated Packaging Market Revenue, 2018-2022
North America Corrugated Packaging Market Revenue Forecast, 2023F-2028F
North America Corrugated Packaging Market by Geography (%)
The U.S. Shipment of Corrugated Packaging, 2018-2022
The U.S. Corrugated Paper Price Month on Month, Jan 22-Jul 22
The U.S. Corrugated Paper Price Yearly, 2018-2022
Canada Corrugated Sheet Shipment Volume, 2020 & 2021
Mexico Packaging Material Demand by Type
Mexico End-Use Segments for Packaging Equipment
North America Corrugated Packaging Market by End User, 2022
Europe Corrugated Shipments (including Non-Members), 2018-2021
Europe Corrugated Total Shipments (including Non-Members), 2018-2021
Europe Shipments of Member Companies, 2018-2021
Europe Shipments of Member Companies, 2018-2021
Europe Total Number of Companies (Including Non-Members), 2018-2021
Europe Total Number of Plants (Including Non-Members), 2018-2021
Europe Corrugated Packaging Market: Key Production Statistics
Europe Corrugated Packaging Market Revenue, 2018-2022
Europe Corrugated Packaging Market Revenue Forecast, 2023F-2028F
Europe Corrugated Packaging Box Market by Geography (%)
Shipments of Member Companies in Germany, 2018-2021
Germany Corrugated Total Shipments (including Non-Members), 2018-2021
Shipments of Member Companies in Germany, 2018-2021
Shipments of Member Companies in the UK, 2018-21
UK Corrugated Total Shipments (including Non-Members), 2018-21
Shipments of Member Companies in the UK, 2018-21
Shipments of Member Companies in the Italy, 2018-21
Corrugated Total Shipment (including Non-Members), 2018-21
Shipment of Member Companies in the Italy, 2018-21
Shipments of Member Companies in Spain, 2018-21
Spain Corrugated Total Shipment (Including Non-Member), 2018-21
Shipment of Member Companies in Spain, 2018-21
Market share By End User, 2021 (%)
Asia Pacific Corrugated Packaging Market Revenue, 2018-2022
Asia Pacific Corrugated Packaging Market Revenue Forecast, 2023F-2028F
Asia Pacific Corrugated Packaging by Geography, 2022
China Corrugated Board Production, 2016 - Jan/Feb 23
China Corrugated Board Month on Month Production, Jan 2022 –Feb 2023
Japan Corrugated Board Production, 2016 - Jan/Feb 23
Japan Corrugated Board Production by Region (%), 2022
Japan Corrugated Board Month on Month Consumption, Jan 2022 –Feb 2023
Japan Corrugated Board Consumption, 2016 - Jan/Feb 23
Japan Corrugated Board Month on Month Production, Jan 2022 –Feb 2023
Market Share of Top 5 Corrugated Companies, 2022
Market Capitalization of Corrugated Companies, 2022
Net Sales of International Paper Company, 2021-2022
Total Operating Profit of Business Segment of International Paper Company, 2021-2022
Net Sales by Business Segment of International Paper Company, 2021-2022
Packaging Segment Revenue By region, 2022
Pulp Segment Revenue by Region, 2022
Sales Volume by Product of International Paper Company, 2020-2022
Disaggregated Revenue of International Paper Company, 2020-2022
Net Sales of Packaging Corporation of America, 2020-2022
Net Income of Packaging Corporation of America, 2020-2022
Total Revenue of Packaging Corporation of America, 2020-2022
Total Revenue of Business segment of Packaging Corporation of America, 2020-2022
Total Assets of Packaging Corporation of America, 2020-2022
Sales of Matthews International Corporation, 2020-2022
Sales of Mathews Corporation by Business Segment, 2021-2022
Gross Profits of Mathews Corporation, 2021-2022
Net Sales of Graphic Packaging Holding, 2020-2022
Net Income of Graphic Packaging Holding, 2021-2022
Net sales by Business Segment of Graphic Packaging Holding, 2020-2022
Net Cash Flow of Graphic Packaging Holding, 2021-2022
Income Loss from Operation of Graphic Packaging Holding, 2020-2022
Net Organic Sales of Graphic Packaging Holding, 2021-2022
Total Assets of Graphic Packaging Holding, 2021-2022
Revenue of Smurfit Kappa Group Plc., 2021-2022
Operating Profit of Smurfit Kappa Group Plc, 2021-2022
Revenue of Smurfit Kappa Group Plc. by Region, 2021-2022
Operating Profit of Smurfit Kappa Group Plc., 2021-2022
Net Sales of West Rock Company, 2020-2022
Net Cash Provided by Operating Activities of West Rock Company, 2020-2022
Disaggregated revenue by primary geographical markets of West Rock Company, USD Million, 2022
West Rock Net Sales of Corrugated Packaging Segment, 2020-2022
West Rock Net Sales of Distribution Segment, 2020-2022
West Rock Net Sales of Consumer Packaging Segment, 2020-2022
West Rock Net Sales of Global Paper Segment, 2020-2022
DS Smith Plc Global Operations Revenue, H1 2021/22-H12022/23
DS Smith Plc Operating Profit, H1 2021/22-H1 2022/23
DS Smith Plc Net Assets, 2021-2022
DS Smith Plc Revenue by Region, 2022
DS Smith Plc Retune on Sales by Region %, 2021/22-2022/23
Mondi Group Plc Revenue, 2021-2022
Mondi Group Plc External Revenue by Location of Production, 2021-2022
MRevenue and Underlying Operating Profit of Mondi Group Plc, 2020-2022
Mondi Group Plc Operating Profit, 2021-2022
Oji Holdings Corporation Net sales, First Nine Months, 2021-2022
Oji Holdings Corporation Operating Profit, First Nine Months, 2021-2022
Oji Holdings Corporation Net Sales & Operating Profit by Segments, 2021-2022
Revenue of Nine Dragons Paper (Holdings) Limited, 2021-2022
Net Cash Generated from Operating Activities of Nine Dragons Paper Limited, 2021-2022
Gross Profit of Nine Dragons Paper (Holdings) Limited, 2021-2022
Rengo Co., Ltd Net Sales, 2018-2022
Rengo Co., Ltd Operating Income and its Ratio to Net Sales, 2018-2022
Rengo Co., Ltd Total Assets, 2018-2021
Rengo Co., Ltd Net Sales, Operating Income & Total Assets % By Business Segment, 2022
Net Sales of Rengo Co., Ltd by Region, 2022
Cascades Inc Sales, 2020-2022
Sales of Cascades Inc. by Business Segment, 2022
Total Asset of Cascades Inc., 2020-2022
Sales of Cascades Inc. by Geographic Segment, 2022
Total Shipment & Manufacturing Capacity Utilization Rate, 2020-2022