The U.S. corrugated board packaging market is experiencing robust growth. Factors driving this expansion include the rising demand for e-commerce and online shopping, which has increased the need for secure and protective packaging solutions. The market is characterized by technological advancements, innovative designs, and customization options, catering to the evolving packaging requirements of various industries, including food and beverage, electronics, and retail.
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Data Bridge Market Research analyses that the Corrugated Board Packaging Market is valued at USD 80.58 billion in 2021 and is expected to reach USD 110.28 billion by 2029, registering a CAGR of 4% during the forecast period of 2022 to 2029. Corrugated board packaging is known for its recyclability and biodegradability, making it an environmentally friendly choice. As consumers and businesses become more conscious of their environmental impact, the demand for sustainable packaging options has grown, driving the corrugated board market.
Key Findings of the Study
Customization and branding opportunities are expected to drive the market's growth rate
Corrugated board packaging offers businesses the ability to customize packaging designs to reflect their brand identity. This level of customization allows companies to create unique and visually appealing packaging that stands out in a competitive market. By incorporating logos, colors, and branding elements, businesses can enhance brand recognition and create a memorable unboxing experience for customers. This differentiation and attention to branding contribute to increased demand for corrugated board packaging.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Single Wall, Twin Wall, Single Faced, Triple Wall, Others), Product (Boxes, Cartons, Others), Board Type (Fiberboard, White Board, Solid Board, Chip Board, Others), Printing technique (Lithography, Flexography, Digital printing) End Users (Food and Beverages, E-Commerce, Freight and Carrier, Electrical Goods, Personal Care and Home Care, Glassware and Ceramics, Healthcare, Chemical, Textile Goods, Cosmetics, Education, Construction, Others)
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Market Players Covered
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DS Smith (U.K.), International Paper (U.S.), Mondi (U.K.), Cascades inc (Canada), AMERICAN BOX COMPANY (U.S.), U.S. Corrugated, Inc (U.S.), Georgia-Pacific (U.S.), Koch Industries Inc (U.S.), Menasha Corporation (U.S.), Rengo Co., Ltd (Japan)., Green Bay Packaging inc (U.S.), WestRock Company (U.S.), Amcor plc (Switzerland), NIPPON PAPER INDUSTRIES CO., LTD. (Japan), Smurfit Kappa (Ireland) and Sealed Air (U.S.) among ohers
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The corrugated board packaging market is segmented on the basis of type, products, board type, printing technique, and end-user.
- On the basis of type, the corrugated board packaging market is segmented into single wall, twin wall, single faced, triple wall, and others. The single wall segment dominates the market due to its versatility, cost-effectiveness, and wide range of applications. Single wall corrugated board is commonly used in packaging and shipping industries for its strength, lightweight nature, and cost-efficiency, contributing to its dominance in the market with a CAGR of 5.0% in the forecast period of 2022-2029
In 2022, the single wall segment dominates the type segment of the market
In 2022, the single wall segment dominates the type segment of the market with its adaptability, affordability, and variety of applications. Through its strength, lightness, and affordability, single wall corrugated board is frequently used in the packaging and shipping industries, which helps to explain its market dominance with a CAGR of 5.0% in the forecast period of 2022-2029
- On the basis of product, the corrugated board packaging market is segmented into boxes, cartons, and others. The boxes segment dominates the market due to their versatility, durability, and ability to protect and organize products. They are widely used for packaging, shipping, storage, and display purposes, making them an essential and ubiquitous product in various industries with a CAGR of 4.9% in the forecast period of 2022-2029
- On the basis of board type, the corrugated board packaging market is segmented into fiberboard, white board, solid board, chip board, and others. The fibreboard segment dominates the market due to its versatility, cost-effectiveness, and ease of manufacturing. It is widely used in furniture, construction, and interior design industries for its strength, stability, and ability to be shaped and finished according to specific requirements with a CAGR of 5.1% in the forecast period of 2022-2029.
- On the basis of printing technique, the corrugated board packaging market is segmented into lithography, flexography, and digital printing. The digital printing segment dominates the market due to its versatility, high-quality output, and faster turnaround times. Digital printing offers flexibility, cost-effectiveness, and the ability to print on-demand, making it increasingly popular across various industries and contributing to its dominance in the market.
- On the basis of end users, the corrugated board packaging market is segmented into food and beverages, e-commerce, freight and carrier, electrical goods, personal care and home care, glassware and ceramics, healthcare, chemical, textile goods, cosmetics, education, construction, others. The food and beverages segment dominates the market due to the essential need for packaging, preserving freshness, and ensuring product safety with a CAGR of 5.1% in the forecast period of 2022-2029.
In 2022, the food and beverages segment dominates the end user segment of the market
In 2022, the food and beverages segment dominates the end user segment of the market owing to the high industry demand for packaging solutions. Food and beverage businesses are the dominant end users in the market because of the strict regulations on hygiene and safety that they must adhere to with a CAGR of 5.1% in the forecast period of 2022-2029.
Major Players
Data Bridge Market Research recognizes the following companies as the major corrugated board packaging market players in corrugated board packaging market are AMERICAN BOX COMPANY (U.S.), U.S. Corrugated, Inc (U.S.), Georgia-Pacific (U.S.), Koch Industries Inc (U.S.), Menasha Corporation (U.S.), Rengo Co., Ltd (Japan)., Green Bay Packaging Inc (U.S.), WestRock Company (U.S.), Amcor plc (Switzerland
Market Development
- In 2022, Westrock Co., a U.S.-based manufacturer of containerboard and packaging, paid USD 970 billion plus the assumption of debt to acquire the remaining interest in GRUPO Gondi.
- In 2022, A contract was signed by Menasha packaging company, L.L.C., a Menasha corporation subsidiary, to purchase the assets of color-box, a division of Georgia-Pacific, L.L.C. The acquisition is anticipated to close in early summer 2022.
- In 2021, International Paper made the decision to sell its corrugated packaging operations in Turkey. The contract's parties were International Paper and Mondi Group. The companies came to this agreement to benefit the market and give themselves an edge. Market expansion will occur in the packaging sector.
- In 2021, Heinz and WestRock have partnered to replace the shrink-wrapped multipacks of Heinz beans, Heinz soups, and Heinz pasta varieties that are currently displayed on supermarket shelves with recyclable paperboard created by WestRock.
- In 2021, In order to increase online grocery delivery services in Central Europe, Mondi Group introduced seven new environmentally friendly corrugated packaging options. Grocery stores are able to deliver a variety of products, including consumable food and wine bottles.
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