The global corrugated packaging market size was valued at around USD 253 Billion in 2018 and is expected to reach approximately USD 324 Billion in 2026, growing at a CAGR of slightly above 6.1% between 2019 and 2026.
Corrugated packaging is mostly recommended during shipping as they are more pressure resistant and stronger than other cardboard boxes. The boxes are mostly used while transporting heavier or fragile products. Its reliable strength ensures damage free transit of many consumer goods. Owing to its superior quality standards over cardboard, they have applications in multiple industries. General advantages of these boxes include their eco-friendliness, ease of handling, and pressure handling capability. Most of the corrugated boxes are composed of recycling materials that are beneficial to the environment along with cost saving.
Most of the products ranging from cosmetics, food & beverage, to electronics are packed in corrugated boxes. These containers are widely used to transport and ship perishable goods, fragile glassware, and electronics products. Further, increasing consumer awareness for sustainable packaging coupled with stringent regulations pertaining to environment-friendly packaging products will boost the product penetration. Additionally, robust growth in “delivery on demand” services and online shopping has propelled corrugated packaging usage. However, limitations such as poor barrier property of the material are restricting its usage in many applications. Further, the humid and moist weather is reducing the strength and firmness of corrugated boxes. The packaging is not preferred for liquid products owing to its poor barrier properties.
Robust industrialization growth in developing countries has led to flourishing international trade activities along with a boost in infrastructure facilities. Moreover, growth in oil & gas sector, energy and chemical industry coupled with rising in per capita income has propelled corrugated packaging demand in last decade. The upsurge in adoption rate of lightweight, eco-friendly and economical packaging in various industries such as food & beverages, healthcare, pharmaceuticals, automotive and electronics is augmenting global corrugated packaging market. The industry is witnessing advancements in the product that include cooler corrugating, improved corrosion and water resistance, decreased corrugated board weight, and zero-defect technology. Latest fields introduced in the market are of nanotechnology and microencapsulation.
Corrugated packaging market is bifurcated as per its flute profile by A-Flute, B-Flute, C-Flute, E-Flute, and F-Flute. F-flute will be contributed substantially, as it is affordable than counterparts and has wide range applications for small-scale industries and medium size products. As per combined board category, the industry is divided into a single face, single wall, double wall and triple wall segments. Triple wall is anticipated to grow at a faster rate owing to its enhanced cushioning properties as compared to counterparts. These packaging can be done in various boxes such as folder box, rigid box, telescope box and slotted boxes. Telescope boxes will register highest growth rate in the near future owing to its niche applications in the field of clothing, footwear, and apparels. Various applications pertaining to corrugation packaging are in pharmaceuticals, electronics, automotive, consumer goods and chemicals industries. Pharmaceuticals industry will register a significant growth owing to increasing usage of corrugated boxes in the packaging of medicines.
North America is a giant market in terms of pharmaceutical companies. In 2012, the region contributed above 40% of the global pharmaceutical sales. Enormous pharmaceutical industries are based in U.S. such as Merck, Johnson and Johnson and Pfizer. This huge pharmaceutical market has an equal demand for pharmaceutical packaging materials to sustain the growth of the industry. The packaging of the drugs is an integral part to maintain its safety and quality for its functioning. Corrugated boxes are used to ship bundles of blister and other drugs packed in it. Pharmaceutical packaging market of the region is projected to reach above USD 28 billion in 2021 with a growth rate of nearly 5.5%. Increasing diseases is leading to rising spending on healthcare products by the government. This growth potential in the pharmaceutical industry is opening new avenues for the corrugated packaging industry in the region.
European automobile industry is recognized as the biggest private investor in the region for its research and development activities. It invests above USD 60 billion annually. Leading automobile users and producers in the region drive the industry size. Further, a boost in integration operations, site relocations, mergers & acquisition activities are taking place in the region. Manufacturers are trying to strengthen themselves across the value chain through forwarding and backward integration. Over the period of time, significant investment in the industry is expected to flow in, particularly in component sector. Technology advancements, climatic policies, and shifting consumer preferences are thriving demand of smart, fuel efficient and environment-friendly vehicles. Components of these vehicles such as oil seals, bearing, bushings, are packed in corrugated boxes. Thus, positive outlook of European automobile industry will trigger corrugated packaging market in the region.
Global consumer services and goods industry are anticipated to grow by USD 700 billion till 2020. Most of the consumer goods such as pickles, jams, and other food products are packed in corrugated boxes. Asia Pacific will account for nearly 50% of the market share, in which China alone will account for nearly USD 200 billion, that is 60% of the region. Retail sales of consumer goods in the region will reach up to USD 10 trillion in 2018, with nearly one-fourth accounting from e-commerce sales. Consumer packaged goods manufacturers’ are focusing on e-commerce sale to maintain a competitive edge in the Asia Pacific. Companies are also focusing on mobile platforms and are providing similar experience both offline and online.
Latin America will witness a significant growth in corrugated packaging market during the forecast timeframe owing to its flourishing e-commerce market. Brazil is the largest market in the region. Numerous consumers in Brazil are using digital options and credit cards for payments. The country’s retail e-commerce sales accounted for more than USD 16 billion in 2017. This estimate for 3% of total Brazil’s retail sales that was above the regional average of 2%. Corrugated packaging is used to deliver online ordered products with the brand name of corresponding e-commerce giant.
The Middle East and Africa will register a sluggish growth in the market due to its slow growth in online shopping trend. In 2017, its e-commerce sales were projected only 2% of retail sales and are anticipated to remain stagnant till 2021. As its e-commerce industry is getting hampered owing to socio-economic reasons and consumer concerns for data security. Consumer’s preference for cash payment and unreliable shipping are adding to the factors of slowdown growth of e-commerce sales.
Key producers in the corrugated packaging market include Packaging Corporation of America, DS Smith Plc., Oji Holdings Corporation, Mondi Group, Lee & Man Paper Manufacturing Ltd, Georgia-Pacific Equity Holding LLC, Rock-Tenn Company, Smurfit Kappa Group, International Paper Company, and Nine Dragons Paper (Holdings) Limited.
Segmentation:
Corrugated Packaging Market: Flute Profile Segment Analysis
Corrugated Packaging Market: Combined Board Segment Analysis
Corrugated Packaging Market: Box Type Segment Analysis
Corrugated Packaging Market: End-Use Industry Segment Analysis
Corrugated Packaging Market: Regional Segment Analysis
Table of Contents
Section 1. Preface
1.1. Report Description and Scope
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
Section 2. Executive Summary
2.1. Corrugated Packaging Market, 2016 - 2026, (USD Billion)
2.2. Corrugated Packaging Market: Market Snapshot
Section 3. Corrugated Packaging Market – Industry Analysis
3.1. Corrugated Packaging Market: Market Dynamics
3.2. Market Drivers
3.2.1. Escalating consumer goods industry
3.2.2. Increasing demand of automotive components
3.3. Restraints
3.3.1. Disadvantageous in moist and humid weather
3.4. Opportunity
3.4.1. Rising e-commerce retail sales
3.5. Porter’s Five Forces Analysis
3.6. Market Attractiveness Analysis
3.6.1. Market Attractiveness Analysis by Flute Profile Segment
3.6.2. Market Attractiveness Analysis by Combined Board Segment
3.6.3. Market Attractiveness Analysis by Box Type Segment
3.6.4. Market Attractiveness Analysis by End-Use Industry Segment
3.6.5. Market Attractiveness Analysis by Regional Segment
Section 4. Corrugated Packaging Market - Competitive Landscape
4.1. Company Market Share Analysis, 2018 (Subject to Data Availability)
4.2. Strategic Developments
4.3. Acquisitions & Mergers
4.4. New Product Launch
4.5. Agreements, Partnerships, Collaborations and Joint Ventures
4.6. Research and Development, Product and Regional Expansion
Section 5. Global Corrugated Packaging Market – Flute Profile Segment Analysis
5.1. Global Corrugated Packaging Market Overview: by Flute Profile
5.1.1. Corrugated Packaging Market Revenue Share, by Flute Profile, 2018 and 2026
5.2. Global Corrugated Packaging Market by A-Flute, 2016-2026 (USD Billion)
5.3. Global Corrugated Packaging Market by B-Flute, 2016-2026 (USD Billion)
5.4. Global Corrugated Packaging Market by C-Flute, 2016-2026 (USD Billion)
5.5. Global Corrugated Packaging Market by E-Flute, 2016-2026 (USD Billion)
5.6. Global Corrugated Packaging Market by F-Flute, 2016-2026 (USD Billion)
Section 6. Global Corrugated Packaging Market – Combined Board Segment Analysis
6.1. Global Corrugated Packaging Market Overview: by Combined Board
6.1.1. Corrugated Packaging Market Revenue Share, by Combined Board, 2018 and 2026
6.2. Global Corrugated Packaging Market by Single Face, 2016-2026 (USD Billion)
6.3. Global Corrugated Packaging Market by Single Wall, 2016-2026 (USD Billion)
6.4. Global Corrugated Packaging Market by Double Wall, 2016-2026 (USD Billion)
6.5. Global Corrugated Packaging Market by Triple Wall, 2016-2026 (USD Billion)
Section 7. Global Corrugated Packaging Market – Box-Type Segment Analysis
7.1. Global Corrugated Packaging Market Overview: by Box-Type
7.1.1. Corrugated Packaging Market Revenue Share, by Box-Type, 2018 and 2026
7.2. Global Corrugated Packaging Market for Slotted Boxes, 2016-2026 (USD Billion)
7.3. Global Corrugated Packaging Market for Telescope Boxes, 2016-2026 (USD Billion)
7.4. Global Corrugated Packaging Market for Rigid Boxes, 2016-2026 (USD Billion)
7.5. Global Corrugated Packaging Market for Folder Boxes, 2016-2026 (USD Billion)
Section 8. Global Corrugated Packaging Market – End-Use Industry Segment Analysis
8.1. Global Corrugated Packaging Market Overview: by End-Use Industry
8.1.1. Corrugated Packaging Market Revenue Share, by End-Use Industry, 2018 and 2026
8.2. Global Corrugated Packaging Market for Pharmaceuticals, 2016-2026 (USD Billion)
8.3. Global Corrugated Packaging Market for Electronics, 2016-2026 (USD Billion)
8.4. Global Corrugated Packaging Market for Automotive, 2016-2026 (USD Billion)
8.5. Global Corrugated Packaging Market for Consumer Goods, 2016-2026 (USD Billion)
8.6. Global Corrugated Packaging Market for Chemicals, 2016-2026 (USD Billion)
Section 9. Global Corrugated Packaging Market - Regional Analysis
9.1. Global Corrugated Packaging Market Overview: by Region
9.1.1. Global Corrugated Packaging Market Revenue Share, by Region, 2018 and 2026
9.2. North America
9.2.1. North America Corrugated Packaging Market, 2016 – 2026 (USD Billion)
9.2.2. North America Corrugated Packaging Market Revenue, by Flute Profile, 2016 – 2026 (USD Billion)
9.2.3. North America Corrugated Packaging Market Revenue, by Combined Board, 2016 – 2026 (USD Billion)
9.2.4. North America Corrugated Packaging Market Revenue, by Box-Type, 2016 – 2026 (USD Billion)
9.2.5. North America Corrugated Packaging Market Revenue, by End-Use Industry, 2016 – 2026 (USD Billion)
9.2.6. U.S.
9.2.6.1. U.S. Corrugated Packaging Market Revenue, by Flute Profile, 2016 – 2026 (USD Billion)
9.2.6.2. U.S. Corrugated Packaging Market Revenue, by Combined Board, 2016 – 2026 (USD Billion)
9.2.6.3. U.S. Corrugated Packaging Market Revenue, by Box-Type, 2016 – 2026 (USD Billion)
9.2.6.4. U.S. Corrugated Packaging Market Revenue, by End-Use Industry, 2016 – 2026 (USD Billion)
9.2.7. Rest of North America
9.2.7.1. Rest of North America Corrugated Packaging Market Revenue, by Flute Profile, 2016 – 2026 (USD Billion)
9.2.7.2. Rest of North America Corrugated Packaging Market Revenue, by Combined Board, 2016 – 2026 (USD Billion)
9.2.7.3. Rest of North America Corrugated Packaging Market Revenue, by Box-Type, 2016 – 2026 (USD Billion)
9.2.7.4. Rest of North America Corrugated Packaging Market Revenue, by End-Use Industry, 2016 – 2026 (USD Billion)
9.3. Europe
9.3.1. Europe Corrugated Packaging Market, 2016 – 2026 (USD Billion)
9.3.2. Europe Corrugated Packaging Market Revenue, by Flute Profile, 2016 – 2026 (USD Billion)
9.3.3. Europe Corrugated Packaging Market Revenue, by Combined Board, 2016 – 2026 (USD Billion)
9.3.4. Europe Corrugated Packaging Market Revenue, by Box-Type, 2016 – 2026 (USD Billion)
9.3.5. Europe Corrugated Packaging Market Revenue, by End-Use Industry, 2016 – 2026 (USD Billion)
9.3.6. UK
9.3.6.1. UK Corrugated Packaging Market Revenue, by Flute Profile, 2016 – 2026 (USD Billion)
9.3.6.2. UK Corrugated Packaging Market Revenue, by Combined Board, 2016 – 2026 (USD Billion)
9.3.6.3. UK Corrugated Packaging Market Revenue, by Box-Type, 2016 – 2026 (USD Billion)
9.3.6.4. UK Corrugated Packaging Market Revenue, by End-Use Industry, 2016 – 2026 (USD Billion)
9.3.7. France
9.3.7.1. France Corrugated Packaging Market Revenue, by Flute Profile, 2016 – 2026 (USD Billion)
9.3.7.2. France Corrugated Packaging Market Revenue, by Combined Board, 2016 – 2026 (USD Billion)
9.3.7.3. France Corrugated Packaging Market Revenue, by Box-Type, 2016 – 2026 (USD Billion)
9.3.7.4. France Corrugated Packaging Market Revenue, by End-Use Industry, 2016 – 2026 (USD Billion)
9.3.8. Germany
9.3.8.1. Germany Corrugated Packaging Market Revenue, by Flute Profile, 2016 – 2026 (USD Billion)
9.3.8.2. Germany Corrugated Packaging Market Revenue, by Combined Board, 2016 – 2026 (USD Billion)
9.3.8.3. Germany Corrugated Packaging Market Revenue, by Box-Type, 2016 – 2026 (USD Billion)
9.3.8.4. Germany Corrugated Packaging Market Revenue, by End-Use Industry, 2016 – 2026 (USD Billion)
9.3.9. Rest of Europe
9.3.9.1. Rest of Europe Corrugated Packaging Market Revenue, by Flute Profile, 2016 – 2026 (USD Billion)
9.3.9.2. Rest of Europe Corrugated Packaging Market Revenue, by Combined Board, 2016 – 2026 (USD Billion)
9.3.9.3. Rest of Europe Corrugated Packaging Market Revenue, by Box-Type, 2016 – 2026 (USD Billion)
9.3.9.4. Rest of Europe Corrugated Packaging Market Revenue, by End-Use Industry, 2016 – 2026 (USD Billion)
9.4. Asia Pacific
9.4.1. Asia Pacific Corrugated Packaging Market, 2016 – 2026 (USD Billion)
9.4.2. Asia Pacific Corrugated Packaging Market Revenue, by Flute Profile, 2016 – 2026 (USD Billion)
9.4.3. Asia Pacific Corrugated Packaging Market Revenue, by Combined Board, 2016 – 2026 (USD Billion)
9.4.4. Asia Pacific Corrugated Packaging Market Revenue, by Box-Type, 2016 – 2026 (USD Billion)
9.4.5. Asia Pacific Corrugated Packaging Market Revenue, by End-Use Industry, 2016 – 2026 (USD Billion)
9.4.6. China
9.4.6.1. China Corrugated Packaging Market Revenue, by Flute Profile, 2016 – 2026 (USD Billion)
9.4.6.2. China Corrugated Packaging Market Revenue, by Combined Board, 2016 – 2026 (USD Billion)
9.4.6.3. China Corrugated Packaging Market Revenue, by Box-Type, 2016 – 2026 (USD Billion)
9.4.6.4. China Corrugated Packaging Market Revenue, by End-Use Industry, 2016 – 2026 (USD Billion)
9.4.7. Japan
9.4.7.1. Japan Corrugated Packaging Market Revenue, by Flute Profile, 2016 – 2026 (USD Billion)
9.4.7.2. Japan Corrugated Packaging Market Revenue, by Combined Board, 2016 – 2026 (USD Billion)
9.4.7.3. Japan Corrugated Packaging Market Revenue, by Box-Type, 2016 – 2026 (USD Billion)
9.4.7.4. Japan Corrugated Packaging Market Revenue, by End-Use Industry, 2016 – 2026 (USD Billion)
9.4.8. India
9.4.8.1. India Corrugated Packaging Market Revenue, by Flute Profile, 2016 – 2026 (USD Billion)
9.4.8.2. India Corrugated Packaging Market Revenue, by Combined Board, 2016 – 2026 (USD Billion)
9.4.8.3. India Corrugated Packaging Market Revenue, by Box-Type, 2016 – 2026 (USD Billion)
9.4.8.4. India Corrugated Packaging Market Revenue, by End-Use Industry, 2016 – 2026 (USD Billion)
9.4.9. Rest of Asia Pacific
9.4.9.1. Rest of Asia Pacific Corrugated Packaging Market Revenue, by Flute Profile, 2016 – 2026 (USD Billion)
9.4.9.2. Rest of Asia Pacific Corrugated Packaging Market Revenue, by Combined Board, 2016 – 2026 (USD Billion)
9.4.9.3. Rest of Asia Pacific Corrugated Packaging Market Revenue, by Box-Type, 2016 – 2026 (USD Billion)
9.4.9.4. Rest of Asia Pacific Corrugated Packaging Market Revenue, by End-Use Industry, 2016 – 2026 (USD Billion)
9.5. Latin America
9.5.1. Latin America Corrugated Packaging Market, 2016 – 2026 (USD Billion)
9.5.2. Latin America Corrugated Packaging Market Revenue, by Flute Profile, 2016 – 2026 (USD Billion)
9.5.3. Latin America Corrugated Packaging Market Revenue, by Combined Board, 2016 – 2026 (USD Billion)
9.5.4. Latin America Corrugated Packaging Market Revenue, by Box-Type, 2016 – 2026 (USD Billion)
9.5.5. Latin America Corrugated Packaging Market Revenue, by End-Use Industry, 2016 – 2026 (USD Billion)
9.5.6. Brazil
9.5.6.1. Brazil Corrugated Packaging Market Revenue, by Flute Profile, 2016 – 2026 (USD Billion)
9.5.6.2. Brazil Corrugated Packaging Market Revenue, by Combined Board, 2016 – 2026 (USD Billion)
9.5.6.3. Brazil Corrugated Packaging Market Revenue, by Box-Type, 2016 – 2026 (USD Billion)
9.5.6.4. Brazil Corrugated Packaging Market Revenue, by End-Use Industry, 2016 – 2026 (USD Billion)
9.5.7. Rest of Latin America
9.5.7.1. Rest of Latin America Corrugated Packaging Market Revenue, by Flute Profile, 2016 – 2026 (USD Billion)
9.5.7.2. Rest of Latin America Corrugated Packaging Market Revenue, by Combined Board, 2016 – 2026 (USD Billion)
9.5.7.3. Rest of Latin America Corrugated Packaging Market Revenue, by Box-Type, 2016 – 2026 (USD Billion)
9.5.7.4. Rest of Latin America Corrugated Packaging Market Revenue, by End-Use Industry, 2016 – 2026 (USD Billion)
9.6. Middle East & Africa
9.6.1. Middle East & Africa Corrugated Packaging Market, 2016 – 2026 (USD Billion)
9.6.2. Middle East & Africa Corrugated Packaging Market Revenue, by Flute Profile, 2016 – 2026 (USD Billion)
9.6.3. Middle East & Africa Corrugated Packaging Market Revenue, by Combined Board, 2016 – 2026 (USD Billion)
9.6.4. Middle East & Africa Corrugated Packaging Market Revenue, by Box-Type, 2016 – 2026 (USD Billion)
9.6.5. Middle East & Africa Corrugated Packaging Market Revenue, by End-Use Industry, 2016 – 2026 (USD Billion)
Section 10. Company Profiles
10.1. Packaging Corporation of America
10.1.1. Overview
10.1.2. Financials
10.1.3. Product Portfolio
10.1.4. Business Strategy
10.1.5. Recent Developments
10.2. DS Smith Plc
10.2.1. Overview
10.2.2. Financials
10.2.3. Product Portfolio
10.2.4. Business Strategy
10.2.5. Recent Developments
10.3. Oji Holdings Corporation
10.3.1. Overview
10.3.2. Financials
10.3.3. Product Portfolio
10.3.4. Business Strategy
10.3.5. Recent Developments
10.4. Mondi Group
10.4.1. Overview
10.4.2. Financials
10.4.3. Product Portfolio
10.4.4. Business Strategy
10.4.5. Recent Developments
10.5. Lee & Man Paper Manufacturing Ltd
10.5.1. Overview
10.5.2. Financials
10.5.3. Product Portfolio
10.5.4. Business Strategy
10.5.5. Recent Development
10.6. Georgia-Pacific Equity Holding LLC
10.6.1. Overview
10.6.2. Financials
10.6.3. Product Portfolio
10.6.4. Business Strategy
10.6.5. Recent Developments
10.7. Rock-Tenn Company
10.7.1. Overview
10.7.2. Financials
10.7.3. Product Portfolio
10.7.4. Business Strategy
10.7.5. Recent Developments
10.8. Smurfit Kappa Group
10.8.1. Overview
10.8.2. Financials
10.8.3. Product Portfolio
10.8.4. Business Strategy
10.8.5. Recent Developments
10.9. International Paper Company
10.9.1. Overview
10.9.2. Financials
10.9.3. Product Portfolio
10.9.4. Business Strategy
10.9.5. Recent Developments
10.10. Nine Dragons Paper (Holdings) Limited
10.10.1. Overview
10.10.2. Financials
10.10.3. Product Portfolio
10.10.4. Business Strategy
10.10.5. Recent Developments
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers