Global Market Study on Corrugated Packaging: Consumer-shift to Processed Foods & Manufacturer-shift to Sustainable Packaging to Simultaneously Benefit Market Growth

Corrugated Packaging  Market
  • Published On : May-2018 |
  • Pages : 213 Pages |
  • Format : Corrugated Packaging  Market Corrugated Packaging  Market Corrugated Packaging  Market Corrugated Packaging  Market

Corrugated Packaging Market Outlook

The global corrugated packaging market is expected to survive the COVID-19 pandemic onslaught. Demand is most likely to be sustained due to proliferating demand for food and beverages, personal care products, pharmaceuticals and nutraceuticals, consumer electronics and homecare products.

All the aforementioned industries exploit corrugated packaging solutions as they are robust and durable in nature. Additionally, surging demand for essential medical equipment by hospitals, clinics and other professional healthcare organizations is also expected to keep demand for corrugated packaging afloat throughout the pandemic’s duration.

With declining footfalls across conventional brick and mortar stores to purchase products, consumers are relying on e-commerce platforms. Consequently, uptake by leading online retail giants such as Flipkart and Amazon has witnessed prolific expansion, leading to immense growth of the global corrugated packaging market.  

Vendors in the corrugated packaging landscape are incorporating sustainable packaging solutions in the wake of heightening concerns regarding the detrimental impacts of single-use packaging material on the environment.

DS Smith Packaging Limited, for instance, is building a state-of-the-art combined heat and power (CHP) facility at their Kemsley Paper Mill. The objective is to achieve 36,000 tons of carbon reduction every year. The plant is expected to become operational by 2021, achieving 30% reduction in CO2 emissions by 2030.

In 2018, Menasha Corporation acquired Hinkle Manufacturing from Perrysburg, Ohio, through its subsidiary ORBIS Corporation. The objective was to strengthen their custom solution offerings and expand its bulk containers, plastic reusable totes, dunnage and pallets business.

In September 2020, Cascades Incorporated launched a 100% recyclable and recycled thermoformed cardboard food tray. The tray comprises of fully recycled fibers, mostly sourced from post-consumer sources certified Recycled under the Forest Stewardship Council standard-1. It is part and parcel of the company’s innovative range of cardboard trays.

Corrugated packaging market includes secondary shipping corrugated boxes, primary corrugated boxes, and corrugated retail display stands, which are used for packing non-durable goods, durable goods, food and beverages, and non-food and non-manufacturing items (in wholesale trade and retail trade services). The global corrugated packaging market has been estimated to be valued around at US$ 168.09 Bn by 2018 end, which is presumed to expand promisingly over the projection period 2018-2026, at 5.8% CAGR.

Food & beverages remain top consumer; manufacturers to encounter with highest opportunities in Ecommerce sector

On the basis of application, corrugated packaging will continue to gain traction in food & beverages, electrical & electronics, home care products, personal care products, Ecommerce, transportation & logistics, healthcare, and other sectors. While the food and beverages sector is expected to be the largest consumer of corrugated packaging throughout the forecast period, Ecommerce has been recognized as the most opportunistic application area for stakeholders in the corrugated packaging industry. The electrical and electronics end use segment is expected to witness a considerable growth in the forecast period, owing to the increasing shipments of consumer electronics products, including tablet, smartphone, laptop, and flat screen television, especially in the emerging Asian markets.

Increasing preference for sustainable packaging solutions among manufacturers elevates global corrugated market scenario through 2026

Increasing preference for economical, eco-friendly, and light weight packaging by end-users such as electronics, automotive, pharmaceuticals, healthcare, and food and beverages sectors, will remain a major factor driving the growth of corrugated packaging market through 2026. The flourishing Ecommerce sector is anticipated to play a pivotal role in escalating adoption of corrugated packaging. Furthermore, corrugated board is an eco-friendly packaging material, comprised of recyclable materials like used cardboard carton and old newspapers. Moreover, corrugated cardboard is often produced without the use of dyes or bleaches, thereby reducing its footprint and level of recyclability.

Growing convenience food sales, coupled with flourishing Ecommerce business, push developing markets in APAC

As indicated by regional analysis of global market for corrugated packaging, APAC is estimated to account for the highest revenue share, followed by North America.  Over the past few decades, Asia Pacific has been the largest producer as well as consumer of corrugated packaging, which is believed to continue over the forecast period. Booming sales of processed foods and beverages especially in developing countries, including India, China, Malaysia and Indonesia, account for robust growth of APAC market. In addition, bolstering expansion of the Ecommerce business within emerging Asian economies is expected to elevate the demand for corrugated packaging demand through the projection period. As far as developed markets are concerned, increasingly strict regulations regarding non-biodegradable materials will continue to drive markets in North America and Europe in upcoming years.

As per the segmental insights resulted from research, single wall board will reportedly take over single face board, and double and triple wall board in terms of materials; whereas boxes are anticipated to lead by packaging type, with more than 80% share of the total market revenue in near future. Other types of packaging include trays, crates, pallets, and octabins.

Corrugated Packaging Market- Report Scope



Forecast Period


Historical Data Available for


Market Analysis

US$ Mn for Value & ‘000 Tons for Volume

Key Regions Covered

North America, Latin America, Europe, Asia Pacific and Middle East & Africa

Key Countries Covered

U.S, Canada, Brazil, Mexico, Argentina, Germany, Italy, France, U.K., Spain, BENELUX, Nordics, Russia, Poland, China, India, Japan, ASEAN, Australia & New Zealand, GCC, South Africa, North Africa & Turkey

Key Segments Covered

Product Type, Packaging Type & End-Use

Key Companies Profiled

Rengo Co., Ltd, Saica Group, Oji Holdings Corporation, Packaging Corporation of America, DS Smith Packaging Limited, Mondi Group, Georgia-Pacific LLC, Smurfit Kappa Group PLC, Westrock Company, Pratt Industries Inc., Menasha Corporation and Cascades Incorporated

Report Coverage

Executive Summary, Market Introduction, Market Viewpoint, Market Analysis, COVID-19 Impact Insights, Regional Profiling, Segmental Analysis and Competition Landscape

Customization & Pricing

Available upon Request

The report provides forecast and analysis of the global corrugated packaging Market. It provides historical data of 2012-2016 along with forecast from 2018 to 2026 in terms of revenue (US$ Mn) and volume (000’ Tonnes). It includes drivers and restraints of the Global Corrugated Packaging Market and their impact on each country during the forecast period. The report also comprises of the study of current issues with end users and opportunities for corrugated packaging manufacturers. It also includes detailed pricing analysis by product type and value chain analysis. A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, World Bank, Packaging Digest, and Hoover’s, and company annual reports_bk_01_01_2020 and publications.

In order to provide users of this report with comprehensive view of the market, we have included detailed competitiveness analysis and company players with unique selling propositions. The dashboard provides detailed comparison of corrugated packaging manufacturers on parameters such as operating margin, unique selling propositions, collective market share, and geographic concentration. The study encompasses market attractiveness analysis by product type, packaging type, end use, and region.

The report includes the revenue generated from sales of corrugated packaging across the globe. By product type, the market has been segmented as single wall board, single face board, double wall board and triple wall board. By packaging type, the market has been segmented into box, crates, trays, octabin, pallet and others. Box segment is further categorized into slotted box, folder box, telescope box and die cut box. On the basis of end use, the global corrugated packaging market is classified into food & beverage, electrical & electronics, home care products, personal care products, e-commerce, transportation & logistics, healthcare and others.

Market numbers have been estimated based on average usage of corrugated packaging on the basis of applications and the revenue is derived through cost of corrugated packaging in tonnes. Market size and forecast for each segment has been provided in the context of global markets. The corrugated packaging has been analyzed based on expected demand. Prices considered for the calculation of revenue are average regional prices obtained through primary quotes from numerous regional packaging manufacturers, suppliers, and distributors. All key end users have been considered and potential applications have been estimated on the basis of secondary sources and feedback from primary respondents. Regional demand patterns have been considered while estimating the market for various end users of corrugated packaging across the globe. Top-down approach has been used to estimate the corrugated packaging by region. Global market numbers product type, packaging type and end use have been derived using the bottom-up approach, which is cumulative of each regional demand. Company-level market share has been derived on the basis of revenues reported by key manufacturers. The market has been forecast based on constant currency rates.

Some of the key players in the global corrugated packaging market have been profiled thoroughly in the PMR’s report, including Rengo Co., Ltd, Saica Group, Oji Holdings Corporation, Packaging Corporation of America, DS Smith Packaging Limited, Mondi Group, Georgia-Pacific LLC, Smurfit Kappa Group PLC, Westrock Company, Pratt Industries Inc. , Menasha Corporation, Cascades Incorporated and among others.

The key market taxonomy at a glance -

Global Corrugated Packaging Market – by Product Type

  • Single wall board
  • Single Face board
  • Double wall board
  • Triple wall board

Global Corrugated Packaging Market – by Packaging Type

  • Box
    • Slotted box
    • Folder box
    • Telescope Box
    • Die Cut Box
  • Crates
  • Trays
  • Octabin
  • Pallet
  • Others

Global Corrugated Packaging Market – by End Use

  • Food & Beverage
  • Electrical & Electronics
  • Home care products
  • Personal care products
  • E-commerce
  • Transportation & Logistics
  • Healthcare
  • Others

Global Corrugated Packaging Market – by Region

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA

Companies covered in Corrugated Packaging Market Report

Company Profiles

  • DS Smith Packaging Limited
  • Packaging Corporation of America
  • International Paper Company
  • Menasha Corporation
  • Corrugated Container Corporation
  • Atlantic Corrugated Box
  • Wisconsin Packaging Corporation
  • Arabian Packaging Co LLC
  • Cascades Incorporated
  • Klabin S.A.
  • GWP Group Limited
  • Mondi Group
  • TGI Packaging Pvt. Ltd.
  • Georgia-Pacific LLC
  • Smurfit Kappa Group PLC
  • Westrock Company
  • Rengo Co., Ltd.
  • Saica Group
  • Pratt Industries Inc.
  • Oji Holdings Corporation
  • Others.

Corrugated Packaging Market

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