1. Market Research
  2. > Packaging Market Trends
Corrugated Board Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Corrugated Board Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

  • March 2022
  • 209 pages
  • ID: 6190203
  • Format: PDF
  • Mordor Intelligence LLP

Summary

Table of Contents

Search Inside

The global corrugated board packaging market (hereafter referred to as the market studied) was valued at USD 172.61 billion in 2021 and is expected to reach USD 212.32 billion by 2027, registering a CAGR of 3.66% from 2022 to 2027 (henceforth, referred to as the forecast period).

Key Highlights
Corrugated board packaging is a versatile and cost-efficient method to protect, preserve, and transport a wide range of products. The corrugated board’s attributes, such as light weightiness, biodegradability, and recyclability, have made it an integral component in the packaging industry.
The e-commerce industry emerged as a significant player in recent years. The prominent e-commerce companies, such as Amazon, have been using corrugated board boxes for the principal packaging, and they rely on plastic packaging for individual items. According to the Shopify report, by 2021, global e-commerce was projected to be worth USD 4.97 trillion, without considering COVID-19 impact on the market, almost a 400% increase in seven years, with North America contributing USD 552.6 billion, which is next to Asia (USD 831.7 billion in total e-commerce sales), with China as the largest (and quickest growing) single market.
The corrugated board is highly versatile. Thus, they can take various forms other than the box, and due to sustainability issues, they are slowly replacing flexible plastic bags. Moreover, the corrugated boxes act as a perfect base to hold several printing techniques. Due to this, companies tend to prefer corrugated packaging as a marketing tool. They act as a mobile billboard, where the companies do not have to spend additionally on marketing.
The demand for convenience foods is on the rise due to the busy lifestyle of people. As corrugated board packaging keeps moisture away from the products and withstands long shipping times, it is increasingly being adopted by companies for offering better outcomes to customers, especially as means to secondary or tertiary packaging. Processed foods, such as bread, meat products, and other perishable items need these packaging materials to be used just once, thereby driving the demand.
Moreover, the corrugated board packaging has been benefitted mainly from its biodegradable properties. Vendors who have shifted to other packaging solutions have faced a major backlash from consumers. In the year 2019, Amazon faced severe backlash from its consumers when they moved from corrugated boards to bubble wraps. The survey conducted by GreenBlue in the United States country found that 65% of its respondents were extremely concerned about plastic packaging.
However, since the major raw material for corrugated board packaging is trees, environmental concerns, coupled with the Save the Forest movements, may impact the market. Additionally, paperboard waste is also piling up because the rate of recycling is low compared to the supply and demand. The Fiber Box Association, for instance, contends that while 90% of corrugated packaging gets recycled, the remaining 10% still adds up to the environmental waste, which may severely hinder the global market landscape.
The growth in food packaging and ever-increasing demand for corrugated packages in growing e-commerce shipments are some of the primary drivers of the studied market resulting from the Covid-19 outbreak. In e-commerce portals, demand has sharply increased for packaging for groceries, healthcare products, and e-commerce shipments. At the same time, the demand for luxury, industrial, and some B2B-transport packaging has declined.
For instance, India has over 15 lakh modern retail stores that generate INR 4.74 lakh crore worth of business, and approximately 60 lakh people are employed in the retail sector, which the COVID-19 pandemic has severely hit. According to a Retailers Association of India report, by the end of February 2020, the business had already dropped 20-25 percent, which will surely hit the corrugated board packaging market as they are used to ship significant products in the retail stores. However, the increased usage of e-commerce to buy the essentials, especially in developing countries such as India, is expected to impact the market positively.

Key Market Trends

Processed Food Segment Expected to Occupy Significant Market Share

The demand for convenience foods is on the rise due to the busy lifestyle of people. Hence, processed food, which gets cooked in a short while, attracts many consumers. The increasing population also drives the demand for processed food, which is convenient as well as healthy.
As corrugated board packaging keeps moisture away from products and withstand long shipping times, companies are increasingly being adopted to offer better customer outcomes, especially secondary or tertiary packaging. Processed foods, such as bread, meat products, and other perishable items need these packaging materials to be used just once, thereby driving the demand.
Paperboard boxes are frequently manufactured entirely of paperboard. However, they occasionally include different material combinations, such as clear or colorful film windows, which allow customers to see the food within the box.
This rapid wave of popular interest has driven the surge in ecological packaging options. According to Food Dive, 67% of customers throughout the world believe it is critical that the items they buy come in recyclable packaging, with 54% indicating it is a factor they consider when purchasing. These sentiments aren’t going away, with a whopping 83% of younger buyers prepared to spend more for products that are packed in a sustainable manner.
For many different food goods, paper and cardboard are becoming viable alternatives to plastic packaging. Paper packaging, for example, may be created more simply from recycled materials and recycled or composted.

China is Expected to Hold Significant Share in Asia Pacific

The Chinese corrugated board packaging sector is heavily influenced by the rising per capita income, changing social atmosphere, and demographics. As a result of this shift, new packaging materials, processes, and forms are required. Over the projection period, the rise of e-commerce behemoths like Alibaba is expected to fuel the corrugated packaging market. For example, Chinese shoppers received approximately 1.9 billion shipments during Alibaba’s Double 11 shopping event, which lasted ten days. In addition, according to the e-commerce vendors like Alibaba and Rival JD.com, Chinese shoppers spend USD 139 billion during Single’s day fest. This raises the inventory and storage of various goods and drives demand for corrugated packaging.
The packaging industry is on the lookout for new food, and beverage packaging materials as health consciousness trends grow. These materials are believed to provide antibacterial qualities and mechanical robustness, allowing the product to stay fresh for longer. This is predicted to increase packaged food consumption and the use of packaging materials in the country.
China is bound by its limited and degraded agricultural resources, according to Australia’s Department of Agriculture and Water Resources, which has raised worries about the country’s ability to fulfill the rising demand for food supply from domestic production. As a result, the government must seek alternatives, such as importing food items, which would necessitate sustainable packaging of the packed food to preserve the product from harm and degradation due to climatic changes. As a result, the corrugated packaging sector in the region would benefit.
The growing urban population, developing e-commerce package industry, dropping pulp prices, and improving population awareness about environmentally friendly packaging are expected to propel China’s paper packaging market. Increased containerboard capacity and technological breakthroughs are among the industry’s key trends and developments. However, some obstacles, such as tight rules and product quality, can stifle market expansions.
Further, factors that are contributing to the acceleration of the corrugated packaging market in the country are the growing environmental awareness by urban populations, proliferation in demand for sustainable packaging, increasing demand for convenient packaging, growth in e-commerce activity, and rising demand for electronic goods and home and personal care products.

Competitive Landscape

The market for corrugated board packaging is quite fragmented, with many players in the market providing corrugated board packaging solutions. Companies are constantly innovating to promote sustainable packaging and are providing environment-friendly packaging products. Companies are releasing corrugated box designs for various end-user industries to leverage the opportunities. The market is also witnessing multiple partnerships and acquisitions every year by the companies to strengthen their portfolio in the corrugated segment.

September 2021 - Heinz Partners with WestRock to replace shrink-wrapped multipacks of Heinz beanz, Heinz soups, and Heinz pasta varieties on supermarket shelves with recyclable paperboard developed by WestRock. The Heinz Eco-Friendly Sleeve is recyclable and comes from sustainably managed forests. The innovative wrap design uses no glue and 50% less material than a fully enclosed wraparound box and 10% less than a traditional paperboard sleeve design.
August 2021 - Mondi group launched seven new sustainable corrugated packaging solutions for growing online grocery delivery services across Central Europe. Grocery retailers can deliver a variety of goods, from perishable food to wine bottles, in these fit-for-purpose packaging. All boxes in the eGrocery portfolio are fully recyclable.

Additional Benefits:

The market estimate (ME) sheet in Excel format
3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

ref:plp2022

Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on