Corrugated Packaging Market Trends

Corrugated Packaging Market size was valued at USD 142.49 Billion in 2023 and is poised to grow from USD 149.9 Billion in 2024 to USD 224.88 Billion by 2032, growing at a CAGR of 5.2% during the forecast period (2025-2032).

All throughout the world, the market is sizable and dispersed. As a result, the market's participants—from small to large manufacturers—are very competitive. A significant number of well-established, century-old public corporations are also present, which further distinguishes the market. But in a number of cases, the manufacturing firms also go off against rival businesses that are making goods that could serve as corrugated boards' replacements. 'International Paper (United States)', 'WestRock (United States)', 'Smurfit Kappa Group (Ireland)', 'DS Smith (United Kingdom)', 'Mondi Group (United Kingdom)', 'Packaging Corporation of America (United States)', 'Nine Dragons Paper Holdings Limited (China)', 'Georgia-Pacific LLC (United States)', 'Lee & Man Paper Manufacturing Ltd. (Hong Kong)', 'Oji Holdings Corporation (Japan)', 'Pratt Industries (United States)', 'Rengo Co., Ltd. (Japan)', 'Svenska Cellulosa Aktiebolaget (SCA) (Sweden)', 'Stora Enso (Finland)', 'Sonoco Products Company (United States)', 'Otorio Co., Ltd. (Japan)', 'Smurfit-Stone Container Corporation (United States)', 'Packaging Corporation of Europe (PCE) (Belgium)', 'Klabin S.A. (Brazil)', 'Bio Pappel S.A.B. de C.V. (Mexico)', 'BillerudKorsnäs AB (Sweden)'

The fast-moving consumer goods (FMCG) sector, which includes products like food, beverages, personal care items, and household products, is a major driver of the corrugated packaging market. The FMCG industry requires robust and efficient packaging solutions to ensure product safety, transportation convenience, and shelf appeal. Corrugated packaging offers durability, printability, and protection, making it well-suited for packaging FMCG products.

The dominant region in the global corrugated packaging market is North America. This is due to the fact that North America has a large and growing economy, as well as a strong demand for corrugated packaging from a variety of industries. The food and beverage industry, the retail industry, and the industrial industry are the major end-users of corrugated packaging in North America.