Overview Global corrugated board market accounted for USD 109.8 billion. This market is estimated to reach USD 171.8 billion in 2032 at a CAGR of 4.7% between 2023 and 2032. A corrugated board is a type of material used to package products like boxes, cartoons, and containers. The corrugated board market revolves around the production and usage of corrugated cardboard, which is widely recognized for its strength, durability, and versatility. Corrugated boards are made by sandwiching a fluted corrugated sheet between two flat linerboards. This unique construction gives the material its renowned sturdiness, making it an ideal choice for packaging and shipping goods. Corrugated boards come in various thicknesses and sizes, tailored to meet different needs, from lightweight packaging to heavy-duty shipping containers. The market for corrugated boards is driven by the booming e-commerce sector, which requires reliable and robust packaging solutions to protect products during transit. Additionally, the growing emphasis on sustainability has further propelled the demand for corrugated boards, as they are made from recyclable materials and are easily biodegradable. Industries such as food and beverage, electronics, and pharmaceuticals heavily rely on corrugated boards for packaging due to their cost-effectiveness and ability to safeguard products. With advancements in manufacturing technologies and increasing consumer preference for eco-friendly packaging, the corrugated board market is expected to witness significant growth in the coming years. Key Market Segments Based on Flute Type ● A Flute ● B Flute ● C Flute ● E Flute ● F Flute ● Other Flute Types Based on Board Style ● Single Face ● Single Wall ● Double Wall ● Triple Wall Based on End-User ● Food & Beverages ● Pharmaceuticals ● Cosmetics & Personal Care ● Automotive ● Transportation & Logistics ● Other End-Users Download a sample report in MINUTES@https://market.us/report/corrugated-board-market/request-sample/ Based on flute type, the C-flute segment dominates the corrugated board market with a 26% market share. C-Flute is one of the most popular flute types in the industry. Based on board style, the single wall segment leads the market with a 37% market share. Single-wall corrugated board is ideal for shipping and transporting goods due to its superior strength and durability. It features outer and inner liners for extra support and a corrugated medium layer for protection and cushioning. Based on end-users, the Food & Beverages sector holds the largest market share at 21%. Single-wall corrugated board is favored for its strength and durability, making it the most economical choice for shipping and transporting goods. Market Key Players ● International Paper ● Georgia-Pacific ● WestRock Company ● Packaging Corporation of America ● Stora Enso ● Oji Holdings Corporation ● Smurfit Kappa ● Port Townsend Paper Company ● Mondi ● DS Smith ● Other key Players Drivers: The rapid growth of online shopping has significantly boosted the demand for corrugated board packaging due to its durability and lightweight nature. It provides excellent protection for products during transportation, making it a preferred choice for electronics, food & beverage, and pharmaceutical industries. Additionally, its cost-efficiency and lightweight nature make it an attractive option for small and mid-sized enterprises, further driving market expansion. Restraints: Despite its recyclability, corrugated board is less appealing to sustainability-focused clients compared to materials like plastic and metal. The shift towards digitization has also reduced the demand for physical packaging materials. Moreover, rising costs of raw materials such as paper and glue, driven by inflation and scarcity, have increased production costs, impacting the final price of corrugated boards. Opportunities: The increasing emphasis on eco-friendly packaging presents an opportunity for innovation in the corrugated board market. Developing more sustainable and efficient recycling methods can enhance its appeal. Additionally, expanding into emerging markets where e-commerce is growing can further drive demand. Challenges: The main challenge lies in balancing cost-efficiency with sustainability. Addressing the rising costs of raw materials and improving recycling processes are crucial. The market must also adapt to the decreasing need for traditional packaging solutions as digitization progresses, finding new ways to stay relevant and competitive.
