Corrugating Board/Cardboard Market was valued at USD 270 Billion in 2022 and is projected to reach USD 350 Billion by 2030, growing at a CAGR of 4.5% from 2024 to 2030.
The corrugated board/cardboard market by application is diverse and spans various industries, driven by the demand for efficient, cost-effective, and sustainable packaging solutions. Key applications of corrugated board include the printing industry, electrical and electronics, consumer goods, agriculture, food and beverages, and other sectors. Each segment is characterized by unique requirements that the versatile properties of corrugated board meet, such as strength, lightweight design, and recyclability. As industries evolve, the use of corrugated board continues to grow, offering a robust solution for product protection and branding.
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The printing industry is one of the largest consumers of corrugated board, as it requires durable and customizable packaging for printed materials, including promotional items, books, and advertisements. Corrugated board provides a stable platform for printing, ensuring high-quality results. Additionally, it is often used for retail displays and point-of-sale materials due to its versatility in design and the ability to support vibrant graphics. With increasing demand for customized packaging and eco-friendly options, the printing industry remains a significant driver of the corrugated board market.
In recent years, digital printing technologies have gained popularity, leading to a rise in demand for corrugated board packaging solutions that can accommodate these innovations. This growth is fueled by the need for sustainable alternatives to traditional packaging, as well as the continuous rise of e-commerce that necessitates cost-effective and reliable shipping materials. As businesses within the printing industry focus more on sustainable packaging solutions, the corrugated board market is expected to witness continued expansion in this application segment.
In the electrical and electronics industry, corrugated board plays a crucial role in protecting fragile and sensitive electronic products during shipping and storage. With the rapid growth of the consumer electronics market, including smartphones, computers, and home appliances, the demand for secure and reliable packaging solutions has increased. Corrugated board is favored for its strength, protective qualities, and ability to be easily tailored to fit the dimensions of various products. It also provides an environmentally friendly packaging option, which aligns with the growing emphasis on sustainability within the industry.
As global e-commerce continues to expand, the demand for corrugated board packaging in the electrical and electronics sector is expected to rise. Additionally, corrugated board packaging solutions are becoming increasingly sophisticated, with features like anti-static properties, moisture resistance, and tamper-evident seals to ensure the safety and integrity of the products. This trend is expected to continue as manufacturers seek packaging materials that combine protection with environmental responsibility.
The consumer goods segment represents a significant portion of the corrugated board market, as it requires packaging solutions for a wide range of products, including household items, clothing, and cosmetics. Corrugated board is ideal for packaging consumer goods due to its strength, lightweight nature, and recyclability. In this industry, packaging serves not only as protection for products but also as a key marketing tool. Well-designed packaging made from corrugated board enhances brand visibility and consumer experience, making it an essential part of the retail process.
As consumer preferences shift toward sustainability, the demand for corrugated board in the consumer goods industry is increasing. Brands are prioritizing eco-friendly packaging options that reduce environmental impact while still providing the functionality needed for product protection. Additionally, the rise of e-commerce has further amplified the need for corrugated board packaging, as products need to be securely shipped to consumers while maintaining brand integrity and sustainability goals.
In the agricultural sector, corrugated board is used for packaging a variety of products, including fruits, vegetables, and other perishable goods. The ability of corrugated board to offer protection against damage during transportation while being breathable enough to prevent moisture buildup makes it an ideal packaging material for agricultural goods. It is also lightweight, reducing shipping costs, which is particularly important for perishable items that require frequent transportation. Furthermore, the sustainable nature of corrugated board helps meet the increasing demand for eco-friendly packaging solutions in the agriculture industry.
The agriculture sector is increasingly relying on corrugated board for packaging because of its cost-effectiveness and ability to preserve product quality. With growing concerns about food waste and sustainability, corrugated board’s ability to be recycled and reused adds significant value. Innovations in corrugated board design, such as moisture-resistant coatings and specialized venting systems, are expected to enhance the role of corrugated board in the agricultural market, ensuring safe and sustainable transport of agricultural products worldwide.
In the food and beverages industry, corrugated board is widely used for packaging items like canned goods, beverages, snack foods, and frozen products. Its lightweight, durable, and recyclable properties make it an ideal choice for packaging that is both functional and environmentally friendly. Additionally, the food and beverage sector requires packaging that complies with stringent hygiene standards. Corrugated board, being a non-toxic and recyclable material, meets these requirements while offering ample space for branding and marketing messages, making it a key element in food packaging strategies.
The increasing demand for eco-friendly packaging solutions is driving growth in the corrugated board market for the food and beverages sector. With consumers becoming more conscious of sustainability, manufacturers are under pressure to adopt environmentally responsible packaging. Corrugated board is an excellent alternative to plastic, as it offers the same protective qualities without the environmental drawbacks. Innovations in corrugated board design, such as moisture-resistant coatings and protective layers, are enabling the packaging of a wider range of food and beverage products, expanding the market further.
Beyond the primary industries mentioned above, corrugated board finds applications in a variety of other sectors, including pharmaceuticals, textiles, and logistics. The versatility of corrugated board makes it suitable for packaging a wide range of products, from healthcare supplies to heavy-duty industrial components. This category also includes the use of corrugated board in transport packaging, where it offers superior protection for goods in transit. With the increasing importance of supply chain optimization and product protection, corrugated board’s role in these other applications is expected to grow steadily.
As industries continue to focus on sustainability and cost-effectiveness, the demand for corrugated board packaging is likely to rise in various other sectors. The material’s ability to be customized to suit specific needs, such as varying levels of strength or moisture resistance, allows it to meet the requirements of a diverse range of industries. This flexibility, combined with its recyclability, makes corrugated board a highly attractive choice for packaging in the broader industrial and commercial landscape.
Several key trends are shaping the corrugated board market, including the shift towards sustainability, increased demand for e-commerce packaging, and advancements in digital printing technologies. The increasing consumer preference for eco-friendly packaging is driving innovations in corrugated board production, with manufacturers focusing on reducing the environmental footprint of packaging materials. Additionally, the growth of e-commerce has created a surge in demand for efficient and protective packaging solutions that can withstand the rigors of shipping and delivery. As a result, corrugated board is increasingly being designed with enhanced features to provide greater strength, durability, and branding opportunities for online retailers.
Another important trend is the adoption of smart packaging solutions within the corrugated board market. Incorporating elements such as QR codes, sensors, and RFID tags into corrugated packaging is becoming more common, enabling businesses to track shipments and enhance consumer engagement. These advancements not only improve the functionality of packaging but also provide businesses with valuable data on product movement and consumer behavior. As these trends continue to evolve, the corrugated board market is poised to see continued growth and innovation in the coming years.
The corrugated board market presents numerous opportunities, particularly in emerging economies where the demand for packaging materials is increasing rapidly. As industries in these regions expand, there is a growing need for cost-effective and sustainable packaging solutions, which corrugated board is well-suited to provide. Additionally, the shift towards digital printing and smart packaging technologies offers new avenues for growth, as businesses seek ways to enhance their packaging's functionality and appeal. Furthermore, the ongoing push for sustainability presents an opportunity for manufacturers to develop more eco-friendly and recyclable corrugated board solutions, aligning with both regulatory pressures and consumer demand for green alternatives.
Another area of opportunity lies in the growing trend of e-commerce, which continues to drive demand for corrugated board packaging. With more consumers shopping online, there is an increasing need for robust, reliable packaging that ensures products are safely transported and delivered. As e-commerce expands, so too does the potential for the corrugated board market to grow. Innovations in design and the use of technology to enhance packaging performance are key drivers of this growth, and companies that can capitalize on these opportunities will find themselves well-positioned for success in the evolving packaging landscape.
1. What is the main use of corrugated board?
Corrugated board is primarily used for packaging, providing protection and durability for a wide range of products during storage and transportation.
2. Why is corrugated board considered sustainable?
Corrugated board is sustainable because it is made from recycled materials and is fully recyclable after use, reducing environmental impact.
3. How does the e-commerce boom affect the corrugated board market?
The rapid growth of e-commerce has significantly increased demand for corrugated board packaging, as it provides safe and cost-effective shipping solutions.
4. What are the benefits of corrugated board for the food and beverage
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Greif
PCA
Pratt Industries
Sonoco Products Company
BillerudKorsn s
Svenska Cellulosa Aktiebolaget
Klabin
Longchen
Oji Fibre Solutions (NZ) Ltd
Zhejiang Jingxing
Ji'an Group
Lee & Man
Zhejiang Rongsheng
Smurfit Kappa Group
Astron Paper & Board Mill
Eagle Paper International Inc Thai Paper Mill Co
International Paper
Hazel Mercantile Limited
Universal Pulp & Paper
Nine Dragons Paper Holdings Limited
Mondi Group Plc
DS Smith Plc
Georgia-Pacific LLC
WestRock Company
KapStone Paper & Packaging Corporation
Metsä
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Corrugating Board/Cardboard Market
Printing Industry
Electrical and Electronics
Consumer Goods
Agriculture
Food and Beverages
Other
Based on Types the Market is categorized into Below types that held the largest Corrugating Board/Cardboard market share In 2023.
Single Corrugated
Double Corrugated
Triple Corrugated
Other
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
1. Introduction of the Global Corrugating Board/Cardboard Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Corrugating Board/Cardboard Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Corrugating Board/Cardboard Market, By Type
6. Global Corrugating Board/Cardboard Market, By Application
7. Global Corrugating Board/Cardboard Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Corrugating Board/Cardboard Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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