Corrugated Packaging Market by Wall Type (Single Wall, Double Wall, Triple Wall, Single Face), by Packaging Type (Boxes, Trays, Sheets, Containers, Others), by End Use Industry (Food and Beverages, Personal Care, Pharmaceuticals, Electronic Goods, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

According to the opinions of various CXOs of leading companies, the corrugated packaging market is driven by the rise in demand from food & beverages industry. Corrugated boxes are among the most cost-effective secondary packaging materials utilize in the food and beverage industries. Corrugated packaging is essential for preserving food quality and providing food safety over a long shelf life, which is critical for cakes, candies, and frozen ready-to-eat bakery goods.

Increase in demand for corrugated packaging in e-commerce business drives the market growth during the forecast period. The corrugated industry is in high demand for packaging due to the increased use of electronic devices such as smartphones, laptops, and tablets to access e-commerce platforms. However, the availability of substitutes such as flexible plastic packaging hinders the market growth. Flexible plastic packaging provides the greatest advantage as similar to the corrugated packaging and is smaller and lighter, which is cost effective as compared to other form of packaging.

 The Asia-Pacific region is projected to register a robust growth during the forecast period. Corrugated packaging in home appliances is used in Asia-Pacific to design and produce kitchen boxes, as well as home goods gift boxes and many other items. In Asia-Pacific, corrugated packaging is also employed in the form of paper composite, which may be found in mechanical devices, electromechanical equipment, household appliances, ceramic packing boxes, liners, and other products.