Rapid Industrialization, especially in the developing nations, is one of the biggest factors fuelling the rise in the demand for corrugated packaging solutions across the globe.



One of the major trends currently being witnessed in the corrugated packaging market is the increasing usage of corrugated packaging solutions in online or internet shopping applications. Corrugated packaging is one of the most affordable and convenient methods of packing, especially for online shopping applications and the e-commerce industry. This is mainly ascribed to the low costs and light weights of the materials used in this packaging technique, which allows for the easy and convenient home delivery of products.



Due to the above-mentioned factors, the value of the global corrugated packaging market is expected to increase from $237.5 billion to $294.3 billion from 2017 to 2023. The market is predicted to register a CAGR of 3.7% during the forecast period (2018—2023).



Corrugated packaging solutions are extensively adopted in a plethora of applications— personal and housed care, paper products, chemicals, electrical and electronics goods, direct mail and dispatch, fresh food and produce, processed food, beverages, tobacco, glassware and ceramics, transport, textiles, wood and timber, and various others such as furniture, footwear, and apparel. Out of these, the utilization of corrugated packaging was observed to be the highest in the applications pertaining to the processed food sector in 2017, owing to the high requirement of flexible and strong packing materials in this sector, in order to ensure the safety of the food items.



The corrugated packaging market in Asia-Pacific (APAC) is expected to register a CAGR of 5.0% during the forecast period. The market growth in the region is mainly driven by the growing demand for packaging materials from the processed food industry of countries such as China and India. China is the largest market for corrugated packing in the region, while Japan is the second largest market.



Some of the major players operating in the global corrugated packaging market are Nine Dragons Paper (Holdings) Limited, International Paper Company, WestRock Company, Smurfit Kappa Group, Georgia-Pacific Equity Holdings LLC, Lee & Man Paper Manufacturing Ltd., Oji Holdings Corporation, Mondi Group, Packaging Corporation of America, and DS Smith PLC.



Hence, it can be concluded that the utilization of corrugated packaging methods will escalate all over the world in the upcoming years, mainly on account of the rising industrial production in the developing nations and the flourishing e-commerce industry across the world.