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Global Corrugated Packaging Market: Sustainable Solutions and E-commerce Drive Significant Growth
The global corrugated packaging market is a large and growing industry that is driven by the increasing demand for sustainable and eco-friendly packaging solutions.
By: Makreo Research and Consulting
Sustainable Packaging Takes Center Stage
The global corrugated packaging market is fueled by the growing demand for sustainable packaging solutions. Governments worldwide, including India, are phasing out plastic-based packaging, leading to an increased focus on paper packaging. This shift has attracted substantial foreign direct investments (FDIs) and funding for packaging initiatives.
E-commerce Fuels Demand
The rise of the e-commerce sector has played a pivotal role in driving the demand for corrugated packaging. Major players like Amazon heavily rely on corrugated board boxes for shipping their products. As e-commerce continues to grow, the demand for corrugated packaging is expected to witness sustained growth.
China, the United States, and Germany dominate the global corrugated paper box market, comprising 42% of the total market value. Other significant contributors include the Netherlands, Poland, Italy, Austria, Turkey, Spain, Belgium, Mexico, the Czech Republic, and Guatemala, accounting for an additional 33% of the market.
Challenges Ahead in 2023
Despite the positive growth trajectory, the global corrugated market is anticipated to experience moderate growth in 2023. Declining cardboard box usage worldwide poses challenges to the industry. Raw material producers in North America reduced their capacity by approximately 1 million tons in the third and fourth quarters of 2022, which is expected to have adverse effects this year.
Key Developments by Major Players:
The Future of Corrugated Packaging
The study reveals key findings, including the performance of cartons, boxes, and cases made of corrugated paper or board in global trade, the increasing demand for corrugated boxes in the Asia Pacific region, the adoption of collaborative robotics in packaging, the emergence of Europe as a promising market, and the dominant market share held by the food and beverage industry.
Makreo Research's report provides a comprehensive analysis, combining qualitative and quantitative factors, to assist industry stakeholders in navigating the global corrugated packaging market.
Find Out More:-
Global Corrugated Packaging Market Analysis and Forecast (2018-2028) (https://www.makreo.com/