A Global Corrugated Packaging Market Research Report from Emergen Research has been formulated by analyzing key business details and an extensive geographic spread of the Corrugated Packaging industry, encompassing key business details and extensive geographical coverage. In addition to providing crucial statistical data about the Corrugated Packaging market, this study covers qualitative and quantitative aspects of the Corrugated Packaging market. In addition to historical data from 2017 to 2018, the research study provides an accurate forecast until 2027 for the Corrugated Packaging market. A comprehensive analysis of established and emerging players in the market is summarized in the report. The report also covers the business overview, the product portfolio, and the strategic alliances and expansion strategies of the companies.
The corrugated packaging market plays a vital role in the global packaging industry, providing versatile and sustainable solutions for various products. Corrugated packaging, made from corrugated board, consists of fluted layers sandwiched between two flat linerboards. It is widely used for shipping, storing, and protecting goods across industries such as food and beverages, e-commerce, electronics, and consumer goods. This article provides an overview of the corrugated packaging market, including its drivers, restraints, and key statistics from government organizations.
The global corrugated packaging market size was USD 70.81 Billion in 2022 and is expected to register a revenue CAGR of 3.9% during the forecast period, according to latest analysis by Emergen Research. One of the primary drivers of the corrugated packaging market is the increasing demand for sustainable packaging solutions. With growing environmental concerns, businesses and consumers are seeking packaging materials that are recyclable, biodegradable, and made from renewable resources. Corrugated packaging fits the bill, as it is predominantly manufactured from recycled fibers, reducing the reliance on virgin materials and minimizing the environmental impact. Additionally, corrugated packaging is lightweight, which helps reduce transportation costs and carbon emissions.
Another driver of the corrugated packaging market is the rise of e-commerce. The exponential growth of online shopping has led to a surge in demand for packaging materials to protect and ship products. Corrugated boxes are the preferred choice for e-commerce packaging due to their durability, versatility, and cost-effectiveness. The ability of corrugated packaging to withstand the rigors of transportation and provide adequate protection for various products has made it indispensable in the e-commerce industry.
However, the corrugated packaging market also faces certain restraints. One significant challenge is the volatility in raw material prices. The production of corrugated packaging heavily relies on the availability and cost of recycled fibers or virgin pulp. Fluctuations in the prices of these raw materials can impact the profitability of corrugated packaging manufacturers and potentially lead to price fluctuations in the market. Additionally, the increasing cost of energy and transportation can also pose challenges to the corrugated packaging industry.
Government organizations play a crucial role in monitoring and regulating the corrugated packaging market. They set guidelines and regulations for the recycling and disposal of packaging materials, ensuring that corrugated packaging meets environmental standards. For instance, the Environmental Protection Agency (EPA) in the United States encourages the use of recycled fibers in corrugated packaging production, promoting sustainability and reducing waste.
Statistics from government organizations highlight the significance of the corrugated packaging market. According to the Fibre Box Association (FBA), the corrugated industry in the United States produced over 389 billion square feet of corrugated products in 2020. This reflects the widespread use and demand for corrugated packaging in various sectors. Furthermore, the FBA reports that the recycling rate for corrugated packaging in the United States was 96% in 2020. This high recycling rate demonstrates the industry's commitment to sustainability and the circular economy.
The report offers insightful information about the market dynamics of the Corrugated Packaging market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Corrugated Packaging market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Corrugated Packaging market.
The report also describes the key business strategies, demand and supply ratios, leading regions, and the renowned market players, in a nutshell, offering a futuristic outlook of the overall Corrugated Packaging industry. The market intelligence report is a prototype of the 360 overview of the global Corrugated Packaging industry, shedding light on the estimated market value, share, growth trends, gross revenue, competitive overview, prominent manufacturers and buyers, available product types, and end-use applications
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Target Audience of the Global Corrugated Packaging Market Report:
- Key Market Players
- Venture capitalists
- Small- and medium-sized and large enterprises
- Third-party knowledge providers
- Value-Added Resellers (VARs)
- Global market producers, distributors, traders, and suppliers
- Research organizations, consulting companies, and various alliances interested in this sector
- Government bodies, independent regulatory authorities, and policymakers
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Major Geographies Analyzed in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Leading manufacturers profiled in the report:
Mondi, DS Smith, International Paper, Georgia-Pacific, Oji Holdings Corporation, Smurfit Kappa, WestRock Company, Pactiv Evergreen Inc., Tat Seng, and Packaging Corporation of America
Product Type Segmentation & Application Segmentation:
Material Type Outlook (Revenue, USD Billion; 2019-2032)
- Kraft Paper
- Recycled Paper
Product Type Outlook (Revenue, USD Billion; 2019-2032)
Printing Technology Outlook (Revenue, USD Billion; 2019-2032)
- Digital Printing
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Radical Highlights of the Corrugated Packaging Market Report:
- Comprehensive overview of the Corrugated Packaging market along with analysis of the changing dynamics of the market
- Growth Assessment of various market segments throughout the forecast period
- Regional and global analysis of the market players, including their market share and global position
- Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
- Impact of the technological developments and R&D advancements on the Corrugated Packaging market
- Information about profit-making strategies and developmental strategies of major companies and manufacturers
- Insightful information for the new entrants willing to enter the market
- Details and insights about business expansion strategies, product launches, and other collaborations
- The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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