The Corrugated Packaging Market growth is driven by the increasing demand of cost-effective and environment-friendly packaging materials from various end use industries. On the basis of application, the corrugated packaging market is categorized into processed food, personal and household care, beverages, electrical and electronics goods, chemicals, glassware and ceramics, fresh food and produce, paper products, tobacco, and wood and timber products, textiles, direct mail and dispatch, transport, and others. Others include footwear and furniture.
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The market is expected to witness the fastest growth from personal and household care application, witnessing a CAGR of 4.3% during the forecast period. The demand for personal and household care has seen immense growth over the past few years owing to high demand for cosmetics and personal care products. This is driving the use of corrugated packaging widely in cosmetics, personal care product, and home furnishing packaging.
The high industrial production in China is one of the leading factors for the growth of the corrugated packaging market in the country while Japan is the second largest market. The Japanese economy is largely based on export, as the country is one of the leading exporters of consumer electronics and automotive parts in APAC.
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Some of the major players operating in the global corrugated packaging market are Nine Dragons Paper (Holdings) Limited, International Paper Company, WestRock Company, Smurfit Kappa Group, Georgia-Pacific Equity Holdings LLC, Lee & Man Paper Manufacturing Ltd., Oji Holdings Corporation, Mondi Group, Packaging Corporation of America, and DS Smith PLC.
GLOBAL CORRUGATED PACKAGING MARKET SEGMENTATION
By Application
- Processed Food
- Fresh Food and Produce
- Beverages
- Personal and Household Care
- Chemicals
- Paper Products
- Electrical and Electronics Goods
- Glassware and Ceramics
- Tobacco
- Wood & Timber Products
- Textiles
- Direct Mail & Dispatch
- Transport
- Others
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