Corrugated Packaging Market | Segments, Top Key Players, Drivers and Trends to 2028

1
Corrugated Packaging Market Segments, Top Key
Players, Drivers and Trends to 2028
2
Global Market Scenario of Corrugated Packaging
Industry
Corrugated Packaging Market Size is expected to
exceed USD 91.3 billion by 2028. Increasing
product demand in the e-commerce and retail
industry will drive market growth in the near
future. Some major findings of the corrugated
packaging market report include Growing demand
from the food beverages industry will boost the
market growth over the forecast
period. Flexography printing will generate the
highest demand during the stipulated period owing
to the cost-effective nature. Asia Pacific will
generate over 50 product demand by 2028 Single
wall corrugated packaging will remain the major
product over the forecast period. This can be
attributed to the high product demand from the
retail industry. In the future, the demand for
lightweight packaging will increase owing to
which industry participants such as Metsa Board
developed lightweight packaging solutions.
3
Continue-
As e-commerce continues to grow and digital
printing technologies become more advanced, the
corrugated and folding boxboard market is
expected to grow with a CAGR of 4.4 in the
coming years. For instance, according to the U.S.
Census Bureau, online shopping accounted for
11.4 of U.S. retail sales in 2018 as compared to
5.5 in 2000. The rapidly growing E-commerce
industry across the world is projected to drive
the corrugated packaging demand as it is a
cost-effective means of distribution. Corrugated
packaging will be increasingly relevant as a
cost-effective distribution method for e-commerce
packages as deliveries increase. Single wall
corrugated packaging was the largest product
segment and generated a revenue of over USD 25.4
billion in 2021. Owing to its properties, such as
economy, cushioned protection, and rigidity,
single wall corrugated packaging demand will grow
with a CAGR of 4.5 to reach USD 34.4 billion by
2028. However, double-wall corrugated packaging
is used for the shipment of heavier items due to
its exceptional strength as heavier items require
extra protection. Also, double-wall corrugated
boxes are preferred for long-term storage over
single-wall corrugated boxes due to their
durability and strength.
4
Request for sample copy of this research report_at_
https//www.gminsights.com/request-sample/detail/
5246
5
360 Industry Analysis
Request for customizationhttps//www.gminsights.
com/roc/5246
Lithography generated a revenue of around USD
23.5 billion in 2021 and with a CAGR of 4.4, it
is anticipated to reach generate USD 31.8 billion
by 2028. It is a printing technique based on the
immiscibility of oil water. This printing is
done from a metal plate or stone. The process was
invented in 1796. In this process, the image
areas are processed by using any greasy substance
to make the ink adhere to them. However, the
non-imaging areas are made ink repellent. The
process is used to print artwork or text on any
paper or other materials. Lithography is mostly
used in the packaging industry to create custom
printed corrugated boxes and shipping boxes.
Lithography lamination is the process used in box
printing. In the process, the printing is done
firstly on paper, which is later laminated on the
corrugated box. The printing technique enables
premium glossy finishes to boxes. Some of the
advantages offered by this technique are high
color detailing, excellent quality of image at
low cost, flexibility, and wide
availability. Corrugated boxes are increasingly
being used in the packaging of homecare and
personal care products. Personal care and home
care applications are expected to register
corrugated packaging demand of around USD 4.5
billion by 2028.
6
Competitive Analysis
Corrugated boxes are available in various
designs, textures, and colors, making them an
ideal fit to be used in personal care products
packaging, where brands lay high emphasis on the
attractiveness of their product packaging. These
boxes are increasingly being used in the homes
care industry in the packaging of kitchen
utensils, toilet cleaners, and many other daily
usable products. Products made of glass, as well
as crockery, are extremely fragile products, and
therefore shipping them requires additional
layers of protection in packaging. Europe was
one of the largest regions in the corrugated
packaging market, and it accounted for USD 14.0
billion in 2021 with a CAGR of 4, it is
projected to reach USD 18.2 billion by 2028. The
rapidly growing e-commerce industry along with
home care and personal care will boost the
product demand over the forecast timespan. In
addition, corrugated packaging is recyclable, and
owing to the stringent environmental regulations,
it will register high demand growth in the coming
years. Major companies operating in the industry
are Smurfit Kappa, DS Smith, Evergreen Packaging,
Georgia Pacific, Mondi Group, etc.
7
Title
Latest Research Report On Corrugated Packaging
Market_at_ https//www.gminsights.com/industry-analys
is/corrugated-packaging-market Request for
sample of this research report_at_
https//www.gminsights.com/request-sample/detail/
5246 Request for customization
https//www.gminsights.com/roc/5246
8
Stay In Touch You can visit us at
www.gminsights.com
THANK YOU