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2022
Corrugated Packaging Market

Corrugated Packaging Market by Type (Rigid Boxes, Self-Erecting Boxes, Telescope Boxes, Slotted Boxes, and Others), by Material (Linerboard, Medium, and Others), By Application (Food & Beverages, Electronic Goods, Pharmaceuticals, Personal Care, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

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COVID-19

Pandemic disrupted the entire world and affected many industries.

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There are two primary types of corrugated plastic. Corrugated plastic sheet usually has what appears to be three layers - 2 flat sheets with a ridged center layer. In fact, they are really 2layers, often called as twin wall plastic. Corrugated plastic can also mean sheets of plastic which are wave-like in visibility and may be strengthened with shredded glass fiber. They are a single layer and used prominently for roofing of garages and outhouses, they are also use  to build sheds.

There are various type of corrugated boxes. These boxes comprise of a top and bottom pieces that are able to fit over each other. Telescope boxes are the ones where the piece covers minimum two-thirds of the bottom piece. This type of box is segmented into Full Telescope Half Slotted Container (FTHS), Full Telescope Design Style Container (FTD), and Design Style Container with Cover (DSC).

COVID-19 Impact analysis

  • The critical role played by a packaging company in the supply chain became readily apparent when covid-19 began distorting those supply chains. At the same time nonetheless, the demand for safeguarding packaging grew as the world moved online, became more remote, and needed more protective packaging to ship goods and products.
  • Nevertheless, covid-19 pushed many parts of the supply chain to close down overnight, either by business closures, lockdown or the need for workers to self-isolate after testing positive for the virus. The recycling industry, which provides the materials for plastic and cardboard packaging, was adversely disrupted.

Top Impacting Factors

They are effortless to use that is, they are easy to open and close. Other primary benefits associated with corrugated boxes comprise of the eco-friendly nature and easy recyclability. These key environmental factors are anticipated to have a positive affect on the world market in the forecast time. Product manufacturers, retailers, and end-users see the corrugated box as an captivating, environmentally friendly product with low management costs, which is anticipated to impact interest in the product and increase the global sales over the forecast time. The rise in environmental concerns and problems is foreseen to nurture the industry demand, primarily in the packaging sector during the forecast time.

Clean dependable, corrugated plastic packaging offers storage and security for pharmaceutical products such as vial, tubes and other fragile equipment. Recycling of plastic packaging has benefits to the environment. Re-usable corrugated plastic packaging products are utilized in almost all the industries. Food & beverage, and electronics industries primarily propels the market for corrugated plastic packaging. Corrugated plastic packaging products are utilized in food & beverage industry to package products like fruits & vegetables and beverages for safe packaging.

Market Trends

  • As corrugated board packaging helps keep moisture away from products and can tackle long shipping times, it is aggressively being used by the companies to offer best outcomes to customers, prominently as a means to secondary or tertiary packaging. Processed foods, such as bread, meat products, and other with short shelf life, need these packaging materials to be used for just one time, thereby boosting the demand.
  • Asia-Pacific held one of largest share of the global corrugated packaging market and is anticipated to keep this trend over the forecast time. Developing countries, high industrialization, population growth, and the growth of manufacturing units are key factors that should assist positively to the rise of the regional share during the forecast time. Nations such as China, India, and Brazil are foreseen to boost the overall Asia-Pacific market due to the ongoing industrialization associated with advancements in end-use industries.
  • Significant market growth is anticipated in North America, followed by Europe during the forecast time because of huge demand from the packaging and manufacturing industries added with government norms and regulations. The use of environment-friendly tools for packaging-related activities is foreseen to nurture the market in North America and Europe during the forecast time. 
  • The market for corrugated board packaging is densely fragmented, with many players in the market offering corrugated board packaging solutions. Companies are continuously advancing to support sustainable packaging and are providing eco-friendly packaging products. To leverage the opportunities, companies are coming out with corrugated box designs for various end-user industries. 

Key Benefits of the Report

  • This study presents the analytical depiction of the corrugated packaging market industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the corrugated packaging market market share.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the corrugated packaging market market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed corrugated packaging market market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the corrugated packaging market Report

  • Who are the leading market players active in the corrugated packaging market market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?

Key Market Segments

Segments Sub-segments
By Type
  • Rigid Boxes
  • Self-Erecting Boxes
  • Telescope Boxes
  • Slotted Boxes
  • Others
By Application
  • Linerboard
  • Medium
  • Others
By Material
  • Food & Beverages
  • Electronic Goods
  • Pharmaceuticals
  • Personal Care
  • Others
By Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA


Key Market Players

  • Mondi Group
  • WestRock Company
  • International Paper Company
  • DS Smith PLC
  • Smurfit Kappa Group
  • Nine Dragons Paper (Holdings) Limited
  • Georgia-Pacific Equity Holdings LLC
  • Oji Holdings Corporation
  • Lee & Man Paper Manufacturing Ltd.
  • Packaging Corporation of America,
 
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