Corrugated Board Packaging Market Size, Share & COVID-19 Impact Analysis By Board Type (Single Face Corrugated Board, Single Wall {Double Face} Corrugated Board, Double Wall Corrugated Board, and Triple Wall Corrugated Board), By Flute Type (A Flute, B Flute, C Flute, E Flute, F Flute, BC Flute, and EB Flute), By End-User (Food & Beverages, Personal Care & Cosmetics, E-commerce, Electronics & Electricals, Healthcare, and Others), and Regional Forecast, 2024-2032

Corrugated board packaging is a cost-effective and versatile method to package, protect, and transport a vast range of products. Key factors such as recyclability, light weightness, and biodegradability offered by the packaging generate huge demand for corrugated board packaging. Several perishable goods and processed food items such as meat products, bread, and others require such packaging materials to maintain quality, thus driving market growth. The rising urban population, reduced pulp prices, increased consumer awareness regarding environmentally friendly packaging, and development in the e-commerce industry aid the growth of corrugated board packaging.

• For instance, in March 2020, Stora Enso, a Finland-based pulp and paper manufacturer, announced the launch of a new sustainable cardboard packaging box developed for pellets. The new packaging box has been designed as an eco-friendly alternative to replacing plastic packaging.

The rising demand for sustainable packaging solutions and growth in e-commerce are the key factors driving the corrugated board packaging market. Corrugated boards are highly versatile and replace flexible plastic bags, thus contributing to market growth. Augmenting demand for healthy and convenient food products has led to the adoption corrugated boards for food packaging. The increasing internet penetration and growing e-commerce shipments also boost the growth of corrugated board packaging worldwide.

Despite the widespread benefits of corrugated board packaging, some setbacks limit the market growth. Corrugated board packaging is not the best fit for packing heavy items as their endurance to mechanical stress is very low. It can also be deformed if exposed to extreme pressure, thus limiting its use in many end-use industries. Moreover, as corrugated board packaging is not a good option for weatherproofing and takes up large space during storage, the market growth is stunted. Volatility in the raw material prices also hampers the development of corrugated board packaging.

IMPACT OF COVID-19 ON THE CORRUGATED BOARD PACKAGING MARKET

The sudden occurrence of the novel coronavirus harmed several end-use industries globally. The production was hampered due to the unavailability of labours, raw materials, and business shutdowns worldwide. The imposed lockdowns to prevent the virus spread caused severe supply chain disruptions, thus impacting the packaging industries. However, the corrugated board packaging market was less affected by the COVID-19 pandemic. Manufacturers replaced most packaging material with corrugated packaging to promote their brands in terms of sustainability. During the pandemic, the growing e-commerce industry and demand for convenience food positively impacted the corrugated board packaging market.

SEGMENTATION

KEY INSIGHTS

The report will cover the following key insights:

• Recent Advancements in the Corrugated Board Packaging Market


• Key Industry Trends


• Regulatory Landscape for the Corrugated Board Packaging Market


• Key Industry Developments (Mergers, Acquisitions, and Partnerships)


• Impact of COVID-19 on the Market

ANALYSIS BY BOARD TYPE

Based on packaging type, the market is segmented into single-face corrugated board, single-wall (double-face) corrugated board, double-wall corrugated board, and triple-wall corrugated board. Single-face corrugated boards hold the largest share of the global corrugated board packaging market. The board type allows easy printing, wherein different coatings can be applied to their surface. It decreases the weight of the boxes, thereby lowering shipping costs.

ANALYSIS BY FLUTE TYPE

Based on flute type, the market is segmented into A flute, B flute, C flute, E flute, F flute, BC flute, and EB flute. The C Flute is the dominating segment of the global corrugated board packaging market. The dominance can be attributed to the high load-bearing capabilities, high performance, widespread applications, and less use of fibre material offered by the C-flute type.

ANALYSIS BY END-USER

Based on end-user, the market is segmented into food and beverages, personal care and cosmetics, e-commerce, electronics and electrical, healthcare, and others. Food and beverages are the dominating segments of global corrugated board packaging. Busy lifestyles have increased the demand for convenience food products, thus increasing manufacturers' adoption of corrugated board packaging. As the corrugated board packaging withstands long shipping times and keeps away moisture from food products, food and beverages industries utilize them on a large scale.

REGIONAL ANALYSIS

The corrugated board packaging market has been studied across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the regional growth of the global corrugated board packaging market. The growing trend of digitization and the increasing usage of electronic items, automotive, and health and wellness-related products boosts the growth of corrugated board packaging in North America. Asia Pacific is the fastest-growing region due to the growing environmental awareness and increasing demand for greener packaging solutions. Europe will experience steady growth owing to the key developments in electronics industries and the high demand for processed food. Latin America and the Middle East, and Africa will witness moderate growth due to the rise in demand for highly specialized products such as corrugated boards with plastic coatings, lightweight flutes, and others.

KEY PLAYERS COVERED

The report will include profiles of key players such as Smurfit Kappa, Mondi Group, Sealed Air Corporation, Arabian Packaging Co LLC, Wertheimer Box Corp., Klingele Papierwerke GmbH & Co. KG, DS Smith, Pregis LLC, Design Packaging and Tapes, IPS Packaging and Automation, John Hargreaves Ltd, Hughes Enterprises, Packman Packaging Pvt. Ltd, Asian Packaging Industries, and Trident Paper Box Industries, among others.

KEY INDUSTRY DEVELOPMENTS:

• September 2022 - Palm Group announced the acquisition of the family-owned corrugated board plant, Orsini Imballaggi. The acquisition increases the production capacities of Palm Group in Italy.


• May 2022 - Mondi announced an investment of USD 302 million to increase corrugated board and cardboard production. This investment helps to expand capacity and increase efficiency in the Czech Republic, Poland, Germany, and Turkey. Of this investment figure, USD 199 million includes its central and eastern European Corrugated Solutions plant network.


• April 2022 - DS Smith, a U.K.-based sustainable packaging provider, established and propelled a corrugated cardboard box for e-commerce shipments of medical devices. This new corrugated cardboard box features a single-material solution instead of glued packaging with single-use plastic inserts.


• July 2020 - Sabert Corporation, an innovative food packaging solutions & products manufacturer,  declared the expansion of its sustainable packaging solutions with several new collections. The company introduced a recyclable corrugated & paperboard food packaging kraft collection consisting of post-consumer fibre content.