Corrugated Board Packaging Market USD 191.50 Billion Value Forecast to 2032

Corrugated Board Packaging Market USD 191.50 Billion Value Forecast to 2032

According to Fortune Business Insights, The global corrugated board packaging market was valued at USD 134.74 billion in 2024 and is expected to grow to USD 140.11 billion in 2025, further reaching USD 191.50 billion by 2032. This growth represents a CAGR of 4.56% over the forecast period. In 2024, Asia Pacific held the largest share of the market, accounting for 51.64% of the global revenue.

The global corrugated board packaging market size is expected to display exceptional growth during the forecast period of 2024-2032. Corrugated board packaging is a versatile and budget-friendly method of packaging, safeguarding, and transporting a vast variety of products. There are several advantages of using these boards, such as lightweight nature, recyclability, and biodegradability, which make them a popular packaging item in many industries. This factor will play a key role in boosting the demand for this form of packaging, thereby accelerating the market’s growth.

Segments:

By board type, the market is divided into single face corrugated board, single wall (double face) corrugated board, double wall corrugated board, and triple wall corrugated board.

By flute type, the market is segmented into A flute, B flute, C flute, E flute, F flute, BC flute, and EB flute.

By end-user, the market is segregated into food & beverage, personal care & cosmetics, e-commerce, electronics & electrical, healthcare, and others.

With respect to geography, the market is studied across North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.

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Major Players Profiled in the Report:

• Mondi Group (U.K.)
• Smurfit Kappa (Ireland)
• Sealed Air Corporation (U.S.)
• Wertheimer Box Corp. (U.S.)
• Arabian Packaging Co. LLC (Dubai)
• Klingele Papierwerke GmbH & Co. KG (Germany)
• Pregis LLC (U.S.)
• DS Smith (U.K.)
• John Hargreaves (U.K.)
• IPS Packaging and Automation (U.S.)
• Hughes Enterprises (U.S.)

Report Coverage

The report has conducted a detailed analysis of the market and focused on several critical aspects, such as leading end-users, board types, flute types, and top market players. It has also highlighted the most recent market trends and the key developments in the industry. In addition to the factors mentioned above, the report delves into several other factors that have helped the market grow.

Drivers:

Increasing Demand for Eco-Friendly Packaging Solutions to Fuel Market Growth

Customers are becoming increasingly conscious about their overall impact on the environment. This has increased their preference for eco-friendly packaging products to reduce their carbon footprint. Moreover, the ever-expanding food & beverage industry is also fueling the adoption of corrugated board packaging products to safely transport food products without compromising on their quality and freshness.

However, low mechanical strength and endurance do not make these products suitable for packing heavy items, which can impede their demand.

Regional Insights

North America Leads Global Market Growth Due to Increasing Sales of Consumer Electronics

North America is dominating the global corrugated board packaging market share as the region is witnessing high sales of consumer electronics, such as smartphones and laptops. Rapid urbanization and digitization are some of the key factors bolstering the sales of these products, which will positively impact the demand for corrugated board packaging solutions.

Asia Pacific is recording the fastest growth due to rising eco-consciousness and growing demand for sustainable packaging solutions.

Europe will also witness steady growth due to major advancements in the electronics industry and robust demand for processed foods.

Latin America and the Middle East & Africa will showcase moderate progress due to the growing need for corrugated boards with plastic coatings, lightweight flutes, and other features.

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Competitive Landscape

Key Players to Enter Acquisitions and Launch New Products to Expand Market Share

Some of the leading market players include Mondi Group, Smurfit Kappa, Sealed Air Corporation, Wertheimer Box Corp., Arabian Packaging Co. LLC, Kingele Papierwerke GmbH & Co. KG, Pregis LLC, DS Smith, John Hargreaves, IPS Packaging and Automation, and Hughes Enterprises, among others. These firms are signing merger & acquisition agreements and launching novel products to expand their market share and customer base.

Key Industry Development

• In January 2025, Biedronka partnered with Mondi in a circular program aimed at supplying, collecting, and recreating its corrugated packaging in accordance with the retailer’s goals for plastic usage and CO2 emissions. The produced paper is then sent to one of Mondi’s six factories in Poland, where it is converted into corrugated cardboard packaging, such as crates for fruits and vegetables.
• In June 2024, Saica Group, a prominent player in packaging solutions, partnered with Mondelez, a major manufacturer of fast-moving consumer goods, to introduce a new paper-based product aimed at multipack items in the confectionery, biscuits, and chocolate sectors. This new packaging made from paper is intended to be recyclable within the paper waste stream. It is compatible with heat-sealable packing processes, offering the choice to be produced either coated or uncoated based on the desired final look.