Pune, India – June 19, 2024 – Meticulous Research®, a leading global market research company, has published a comprehensive report titled, "Corrugated Packaging Market by Type (Single Wall, Double Wall, Triple Wall), Packaging Type (Slotted, Telescope, Fold Type & Tray), End Use Industry (Food & Beverages, Consumer Products, Pharmaceutical), and Geography - Global Forecast to 2031."
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According to the latest publication from Meticulous Research®, the global corrugated packaging market is projected to reach $206.3 billion by 2031, growing at a CAGR of 4.4% from 2024 to 2031. The market's growth is fueled by the booming e-commerce sector, increased use of transit packaging in the food & beverage industry, and the overall expansion of the packaging industry in the Asia-Pacific region. However, fluctuating raw material prices and dynamic regulatory policies pose challenges to market growth.

Market Opportunities and Challenges

The rising demand for sustainable and customizable packaging solutions presents significant growth opportunities for market stakeholders. Conversely, additional distribution channel costs remain a major challenge impacting the market's expansion.

Market Segmentation

The global corrugated packaging market is segmented by type, packaging type, and end-use industry. Detailed insights include:

By Type: Single-face corrugated, single-wall corrugated, double-wall corrugated, and triple-wall corrugated. The single-wall corrugated segment is anticipated to hold the largest market share in 2024, accounting for over 53%, driven by the emphasis on sustainable packaging solutions and cost reduction in shipping.
By Packaging Type: Slotted (including regular slotted containers and half-slotted containers), full overlap containers, telescope, fold type & tray, and others. The slotted segment is expected to dominate in 2024 with a market share exceeding 58%, owing to its customization capabilities and eco-friendly benefits.
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By End-Use Industry: Personal care & cosmetics, consumer products, pharmaceutical, food & beverage, nutrition & health supplements, home care, stationery items, and others. The food & beverage segment is projected to lead with a market share above 42% in 2024, driven by changing food consumption habits and the push to reduce plastic usage in packaging.

Regional Insights

Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to lead the market in 2024, accounting for more than 55% of the global market share, propelled by the rapid growth of the transit packaging market, rising disposable incomes, and a significant manufacturing capacity in the region.
Key Players

Leading players in the global corrugated packaging market include Smurfit Kappa Group plc (Ireland), Mondi Group plc (U.K.), Packaging Corporation of America (U.S.), WestRock Company (U.S.), DS Smith Plc (U.K.), International Paper (U.S.), Rengo Co., Ltd. (Japan), Nine Dragons Paper (Holdings) Limited (China), Georgia-Pacific LLC (U.S.), Lee & Man Paper Manufacturing Ltd. (China), Oji Holdings Corporation (Japan), Greif, Inc. (U.S.), Nefab AB (Sweden), Sonoco Products Company (U.S.), and GWP Group (U.K.).

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Key Questions Addressed in the Report:

Which market segments are expected to experience high growth?
What are the historical market sizes and forecasts for 2024–2031?
What are the primary drivers, restraints, opportunities, challenges, and trends in the market?
Who are the major players, and what are their market shares?
What are the recent developments and strategies adopted by major market players?
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About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
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