Corrugated Packaging Market to Exhibit Rapid Surge in Consumption During 2018 to

Posted by VISHAL PAHURKAR on March 12th, 2021

Corrugated packaging market includes secondary shipping corrugated boxes, primary corrugated boxes, and corrugated retail display stands, which are used for packing non-durable goods, durable goods, food and beverages, and non-food and non-manufacturing items (in wholesale trade and retail trade services). The global corrugated packaging market has been estimated to be valued around at US$ 168.09 Bn by 2018 end, which is presumed to expand promisingly over the projection period 2018-2026, at 5.8% CAGR.

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Food & beverages remain top consumer; manufacturers to encounter with highest opportunities in Ecommerce sector

On the basis of application, corrugated packaging will continue to gain traction in food & beverages, electrical & electronics, home care products, personal care products, Ecommerce, transportation & logistics, healthcare, and other sectors. While the food and beverages sector is expected to be the largest consumer of corrugated packaging throughout the forecast period, Ecommerce has been recognized as the most opportunistic application area for stakeholders in the corrugated packaging industry. The electrical and electronics end use segment is expected to witness a considerable growth in the forecast period, owing to the increasing shipments of consumer electronics products, including tablet, smartphone, laptop, and flat screen television, especially in the emerging Asian markets.

Increasing preference for sustainable packaging solutions among manufacturers elevates global corrugated market scenario through 2026

Increasing preference for economical, eco-friendly, and light weight packaging by end-users such as electronics, automotive, pharmaceuticals, healthcare, and food and beverages sectors, will remain a major factor driving the growth of corrugated packaging market through 2026. The flourishing Ecommerce sector is anticipated to play a pivotal role in escalating adoption of corrugated packaging. Furthermore, corrugated board is an eco-friendly packaging material, comprised of recyclable materials like used cardboard carton and old newspapers. Moreover, corrugated cardboard is often produced without the use of dyes or bleaches, thereby reducing its footprint and level of recyclability.

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