Corrugated Paper Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The corrugated paper market is anticipated to grow at a significant CAGR of 3.8% during the forecast period (2022-2028). Corrugated paper packaging is a flexible and cost-effective way to protect, store, and transport a variety of items. The advantages of corrugated paper board, such as its lightweight, biodegradability, and recyclability, have made it an essential component of the packaging business. They are utilized in a variety of end-user sectors, including processed foods, fresh food and produce, drinks, paper goods, and electrical items, and they’re used all aroundthe globe. The rising demand for these packaging materials is the major factor driving the growth of the market.

Among applications, the processed food segment holds the major share in the market due to the rising demand for convenience food. Many people are drawn to prepared food that can be cooked in a short amount of time. The working adults are the major end-users of such convenience food. Companies are increasingly adopting corrugated board packaging to provide better customer outcomes, especially secondary or tertiary packing because it keeps moisture away from items and withstands extended delivery durations. Processed goods, such as bread, meat products, and other perishable commodities, need single-use packaging materials, which drives demand.

The spike in the public interest to avoid plastic packaging had also fueled the development of environmentally friendly packaging choices. According to Food Dive, 67% of shoppers globallyfeel it vital that the things they purchase come in recyclable packaging, with 54% saying it is a criterion they consider when making a purchase. Moreover, 83% of youngstersare willing to pay more for items that are packaged in a sustainable fashion. Paper and cardboard are becoming viable alternatives to plastic packaging for a variety of food products. For example, paper packaging might be made more simply from recycled materials foreasy recyclingor composting.

The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in November 2021, DS Smith launched the quickly erectable tray which is equipped with two automatic lateral bases, the stable base and material-optimized packaging solution that saves valuable time in logistics by easy erection. It is developed with 100% recyclable construction and is made of 100% corrugated cardboard.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- International Paper Company, Mondi Group Inc., Smurfit Kappa Group, DS Smith PLC, Cascades Inc., Oji Holdings Corp., Georgia-Pacific LLC, Nippon Paper Industries Ltd, Rengo Co. Ltd among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Corrugated Paper Market Report by Segment

By Application

• Processed Food
• Fresh Food
• Beverages
• Paper Products
• Electrical Products
• Other Packaging