Global Corrugated Packaging Market – Invention Analysis, Size, Share, Evolution, Prediction 2030

 By- Infinium Global Research

The corrugated packaging market is experiencing robust growth, driven by a confluence of environmental concerns, rising demand, and cost-effectiveness. A recent report by Infinium Global Research delves into the intricacies of this market, providing a comprehensive analysis of various segments and sub-segments across the globe. The report forecasts the market to reach USD 246.48 billion by 2030, translating to a healthy CAGR of 6.71% over the next seven years.

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Sustainability is a key driver. Consumers are increasingly gravitating towards eco-friendly options, and corrugated packaging fits the bill perfectly. Made from recycled or virgin paper, corrugated boxes are biodegradable and boast high recyclability rates. This resonates with brand owners seeking sustainable packaging solutions to meet consumer demands and reduce their environmental footprint. Companies like Amazon are leading the charge, investing in infrastructure and utilizing AI to optimize packaging material usage.

Corrugated packaging offers a multitude of benefits beyond sustainability. It excels in protecting products during transportation, making it ideal for various end-use industries like food & beverage, personal care, and electronics. Additionally, its customizable nature allows for brand differentiation and marketing opportunities. While concerns regarding rising input material costs exist, corrugated packaging remains a cost-effective option due to its relatively low manufacturing and labor requirements.

The report also explores the market segmentation based on material, end-use, and printing techniques. Recycled corrugated packaging currently dominates due to its eco-friendly credentials. However, the virgin segment is expected to witness steady growth, particularly for heavy-duty products or those requiring superior strength and moisture resistance.

In terms of end-use, the food and beverage segment reigns supreme. The need to protect perishable goods and enhance brand recognition at the point-of-sale fuels demand for innovative packaging solutions. Companies are actively investing in R&D to develop novel packaging formats that prioritize sustainability and functionality.

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The pharmaceutical segment presents another significant growth opportunity. Corrugated packaging's durability, customizability, and biodegradability make it a compelling choice for this industry. Similarly, the report highlights the potential of the digital printing segment, which caters to the growing demand for personalized packaging and short-run printing needs.

Infinium's report provides a granular view of the corrugated packaging market, encompassing various sub-segments like box types, board types, components, and applications. This comprehensive analysis empowers businesses to make informed decisions and capitalize on the exciting growth potential within this dynamic market.

Market segmentation:

Beyond material, end-use, and printing, the report offers a granular look at sub-segments like box design (rigid, telescope, slotted), board construction (single, double, triple wall), key components (linerboard, medium), and the diverse applications in industries like food & beverage, electronics, and pharmaceuticals.

Market Dynamics:

The fast-moving consumer goods (FMCG) industry, encompassing food, beverages, and personal care items, is a key driver for corrugated packaging. These products require sturdy and attractive packaging for safe transport and appealing displays on store shelves. Corrugated boxes excel in this area, offering durability, printability, and protection at a competitive price.

Furthermore, rapid urbanization and retail sector growth in developing countries are propelling the demand for corrugated packaging. As cities expand and retail infrastructure flourishes, efficient packaging solutions become crucial to move goods from factories to stores. Corrugated packaging's versatility, strength, and cost-effectiveness make it ideal for fulfilling these needs.

However, competition from alternative packaging materials like plastics and flexible packaging presents a challenge. These materials offer advantages like lightweight design and unique possibilities, potentially impacting the demand for corrugated boxes in specific applications.

Market Keyplayers:

  • Alpha Packaging, Inc.
  • International Paper
  • Mondi
  • DS Smith
  • WestRock Company
  • Smurfit Kappa Group
  • Rengo Co., Ltd.
  • Packaging Corporation of America
  • Deluxe Packaging
  • Larsen Packaging

 

Contact Us:

Infinium Global Research LLP

Mob: +91 9923950043

Email: info@infiniumglobalresearch.com

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