Corrugated Packaging Market: Global Analysis by Current Industry Status, Growth Opportunities, Top Companies and Trends by Forecast to 2027

 The Global Corrugated Packaging Market is projected to grow at a CAGR of 5.9% during the forecast period. As per the corrugated packaging market research report, the global market for corrugated packaging is projected to grow swiftly by US$250.9 billion by 2027. According to analysts, the expansion of the e-commerce sector as well as the rising preference for sustainable packaging will drive the market growth during the forecast period. The corrugated packaging market research report offers a comprehensive analysis of the global corrugated packaging market and its application, material, type, and wall construction segments. The increasing regulations along with a ban on corrugated boxes in certain regions are the elements that could influence the corrugated packaging market advancement throughout the forecast period. The corrugated packaging market research report by expert analysts is developed to assist organizations in the corrugated packaging market.

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Market Segmentation

The global corrugated packaging market has been segmented based on application, material, type, and wall construction. On the basis of application, the market for corrugated packaging is segmented based on electronic goods, food & beverages, personal care, pharmaceuticals, and others. Additionally, the market on the basis of material, is segmented into linerboard, medium, and others. The global market for corrugated packaging is also covered based on type segment, which is further split into self-erecting boxes, slotted boxes, telescope boxes, rigid boxes, and others. On the basis of wall construction, the market for corrugated packaging is segmented based on single-wall, double-wall, and triple-wall.

Major elements such as unfavorable policies which led to shutdown of several companies around the world could obstruct the corrugated packaging market growth. However, according to the corrugated packaging market research report, the growth in online selling of food & beverages along with growing sales on digital platforms will propel growth throughout the forecast period. The corrugated packaging market is set to register growth at a high CAGR owing to these key factors. The exploration of application, material, type, and wall construction segments along with regional markets has been given in the global corrugated packaging market research report. The research analysts studying the corrugated packaging market have put out market forecasts in the corrugated packaging market research report in order to support corrugated packaging market-based companies. The corrugated packaging market research report provides an extensive understanding of the corrugated packaging market based on the information and forecasts till 2027.

Regional Analysis:

 

Asia Pacific is making sure they retain their dominance in the global corrugated packaging market. The region covers around 35% of the global market. Burgeoning industries in China, India, South Korea, and others are backing the regional corrugated packaging market.

 

Competitive Landscape:

 

Smurfit Kappa Group, Mondi Group, Orora Packaging Australia Pty Ltd, DS Smith, International Paper, Europac Group, WestRock, Archis Packaging (India) Pvt. Ltd, Georgia-Pacific LLC, and Packaging Corporation of America are eminent names in the corrugated packaging market report for their significant contributions in the market. Their influences mostly include tactical measures, which analysts from MRFR have tracked to identify trends that are impacting the market.

 

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Industry News:

 

In August 2020, Valmet announced that the company would supply Valmet IQ quality management system to PJSC Kyiv Cardboard and Paper Mill. The facility is in Kiev, Ukraine. This system will get installed in the corrugated packaging plant, where the chief focus is on modernizing the infrastructure. This investment has a specific focus on improving the quality of the corrugated board and while doing so, it will also increase productivity and profitability. The Valmet IQ quality management system is getting acknowledgment from several quarters for its effective use in Corrugator plants.

 

The global market for corrugated packaging got impacted by the COVID-19 as several chains of supplies got disrupted by stringent measures implemented by governments as countering tactics to prevent the disease from spreading. However, the recent relaxation of the laws can bring the market back on track in coming years. 

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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