Corrugated Board Market Regional Analysis

Global Corrugated Board Market size was valued at USD 134.7 billion in 2023 and is poised to grow from USD 142.51 billion in 2024 to USD 223.74 billion by 2032,  growing at a CAGR of 5.8% during the forecast period (2025-2032).

The global corrugated board market is fairly fragmented with the presence of many well-known global and regional players operating around the globe. Major players are constantly improving their product quality and focusing on providing sustainable and eco-friendly packaging products to capture the larger market share. Moreover, companies are entering into various business partnerships, collaborations, and mergers to expand their geographical presence and strengthen their position in the global market. 'International Paper Company (United States) ', 'Nine Dragons Paper (Holdings) Limited (China) ', 'Smurfit Kappa Group (Ireland) ', 'WestRock Company (United States) ', 'Packaging Corporation of America (United States) ', 'Oji Holdings Corporation (Japan) ', 'DS Smith Plc (United Kingdom) ', 'Mondi Group (United Kingdom) ', 'Stora Enso Oyj (Finland) ', 'Rengo Co., Ltd. (Japan) ', 'Georgia-Pacific LLC (United States) ', 'Nippon Paper Industries Co., Ltd. (Japan) ', 'Klabin S.A. (Brazil) ', 'Sappi Limited (South Africa) ', 'Lee & Man Paper Manufacturing Ltd. (China) ', 'Metsä Board Corporation (Finland) ', 'Svenska Cellulosa Aktiebolaget (SCA) (Sweden) ', 'Graphic Packaging Holding Company (United States) ', 'Sonoco Products Company (United States) ', 'Mayr-Melnhof Karton AG (Austria)'

Rising demand for customized corrugated board in several types of shape and sized for the packaging of material by different industries is a key factor projected to drive the growth of the global corrugated board market over the forecast period. Moreover, growing consumer awareness about the recyclable materials used in a corrugated board coupled with the extensive need for environment friendly packaging material are also expected to propel the market growth in the coming years.

Increasing prevalence of corrugated board packaging in place of plastic packaging as an alternative for many different-different applications across the globe is creating lucrative growth opportunities for corrugated board market. Many industries are adopting corrugated packaging as main packaging material because it can be created easily, recyclable, and lowering the overall shipment cost as well, which has resulted in fostering the market growth in the recent years and expected to do so in the near future.

Globally, Asia Pacific dominated the corrugated board market with a strong market share in 2021. High growth in industrialization and growing urbanization in the developing countries such as India and China are the major factors drive the market growth and demand in the region. In addition, rising awareness among consumers regarding environment effects is also anticipated to grow the demand for greener packaging in the region over the forecast period. Government initiatives such as ban on plastic products and packaging is also having positive influence on the market and accelerating the demand for corrugated boards.