Global corrugated packaging market is projected to witness a compound annual growth rate of 3.82% during the forecast period to reach a total market size of US$336.26 billion by 2023, increasing from US$268.50 billion in 2017. The corrugated packaging market is expected to face a boost in sales in next five years due to the surge in its demand in various end-user industries, such as consumer durables, medicines, petroleum, rubber, and others. Various factors responsible for higher demand of corrugated boxes and packaging in end user industries are rising demand for consumer products along with rising global population, emerging e-commerce stores, wider acceptance of corrugated packaging by manufacturers among others. However, high tendency to deform along with a low degree of durability and strength are certain factors expected to hinder demand for corrugated packing during the forecast period.
The report provides a brief introduction of the market and deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segments which have been covered as part of the report.
The next section provides comprehensive market dynamics through an overview section along with growth drivers, challenges and opportunities which exist in the current market. This section of the report also provides global and regional regulations which are determining the market growth and industry value chain analysis of corrugated packaging market. Complete industry analysis has also been covered through Porter’s five forces model as a part of this report section.
The major players discussed in this report include Mondi Group Plc, International Paper Company, WestRock Company, DS Smith Plc., Smurfit Kappa Group, and Rengo Co. Ltd., KapStone Paper and Packaging Corporation, Cascades Inc., Packaging Corporation of America, WestRock Company, and Georgia-Pacific.
In the report, global corrugated packaging market has been segmented by corrugated box type, by application, and geography:
By Corrugated Box Type
Food & Beverages
Home & Personal Care Goods
Glassware & Ceramics
Middle East and Africa