The global corrugated packaging market revenue is expected to expand at a lucrative CAGR over the forecast period. Increasing application of corrugated boxes in the logistics, food & beverages, electronic sector across the globe is a major factor expected to drive growth of the global market over the forecast period.
The global corrugated packaging market report has been segmented on the basis of product, packaging, distribution channel, and region.
On the basis of product, the target market is segmented into rigid boxes, self-erecting boxes, telescope boxes, slotted boxes and others. The rigid boxes segment is expected to register significant growth in terms of revenue over the forecast period, owing to inclination towards convenience & recycling.
On the basis of wall construction, the target market is segmented into single-wall, double-wall and triple-wall. Single-wall segment is expected to register significant share in terms of revenue over the forecast period, owing to its various characteristics such as strength, moisture proof, light weight etc.
On the basis of application, the target market is segmented into food & beverages, electronic goods, personal care, healthcare and others. The food & beverage segment is expected to register significant growth over the forecast period.
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Based on the region the corrugated packaging market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is estimated to be highest share in terms of revenue over the forecast period, owing to growing use of corrugated boxes for transportation in developing areas as well as strong growth in e-commerce. Rising population and increasing purchasing power, along with growing applications across various industries such as personal care, food & beverages, pharmaceuticals & healthcare, electronic goods are some of the major factors which are expected to contribute a major share in the overall market.
Key players operating in the global corrugated packaging market include Mondi Group, Smurfit Kappa Group, International Paper Company, Orora Packaging Australia Pty Ltd., WestRock, Georgia-Pacific LLC, Archis Packaging Pvt. Ltd., Europac Group, KapStone Paper and Packaging Corporation, Nefab Group and others.