Global Corrugating Paperboard Market Research Report 2024(Status and Outlook)
The global Corrugating Paperboard market size was valued at US$ 242.7 billion in 2024 and is projected to reach US$ 312.5 billion by 2030, at a CAGR of 4.3% during the forecast period 2024-2030.
The United States Corrugating Paperboard market size was valued at US$ 52.3 billion in 2024 and is projected to reach US$ 65.7 billion by 2030, at a CAGR of 3.9% during the forecast period 2024-2030.
Corrugating Paperboard is a sturdy packaging material made by sandwiching a fluted corrugated sheet between two flat linerboards, widely used in the manufacture of shipping boxes, product packaging, and display materials.
The global Corrugating Paperboard market is experiencing steady growth, driven by the expansion of e-commerce, increasing demand for sustainable packaging solutions, and growth in various end-use industries such as food & beverage, electronics, and consumer goods. In 2023, global production of corrugating paperboard reached approximately 180 million metric tons, with Asia-Pacific accounting for 55% of production volume. Recycled corrugating paperboard represents the largest segment, accounting for 70% of market volume, driven by sustainability initiatives and cost-effectiveness. The market saw a significant boost from the continued growth of online retail, leading to a 12% increase in demand for e-commerce packaging in 2023. Technological advancements have focused on improving strength-to-weight ratios and enhancing printability, with new high-performance fluting designs offering up to 20% better compression strength while reducing material usage. The market is witnessing strong growth in biodegradable and compostable corrugating paperboard, increasing at 15% annually, driven by consumer demand for eco-friendly packaging solutions. In 2023, regulations on plastic packaging reduction led to a 10% increase in the substitution of plastic packaging with corrugated paperboard alternatives. The industry faces challenges from fluctuating raw material prices, particularly recycled paper, but ongoing innovations in lightweight and high-strength paperboard are helping to mitigate these issues. Emerging applications in smart packaging are showing promise, with corrugated paperboard integrated with NFC tags and QR codes for enhanced traceability and consumer engagement growing at 25% CAGR, albeit from a small base of 2% market share. Looking ahead, the market is expected to benefit from advancements in digital printing technologies for corrugated packaging, with high-speed digital printing on corrugated board projected to grow at 18% CAGR through 2030.
Report Overview
This report provides a deep insight into the global Corrugating Paperboard market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Corrugating Paperboard Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Corrugating Paperboard market in any manner.
Global Corrugating Paperboard Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Georgia-Pacific Packaging
International Paper
Packaging Corporation of America
RockTenn
Orora
Acme Corrugated Box
Alliance Packaging
CCB
American Corrugated
Smurfit Kappa
Market Segmentation (by Type)
Single Wall Paperboard
Double Wall Paperboard
Triple Wall Paperboard
Others
Market Segmentation (by Application)
Household Appliances
Textiles
Food
Building Materials
Industrial Equipment
Geographic Segmentation
