According to market research conducted by Persistence Market Research, the global Corrugated Packaging Market is poised for a 6.2% CAGR (2023-2033), driven by e-commerce demand, environmental concerns, and a rising preference for customized solutions, with a focus on reusable packaging across diverse sectors. Currently the market is valued at $217 billion, but it is estimated that its value will rise to $394 billion by 2033. Corrugated packaging involves the use of corrugated boards to create boxes and containers for packaging various goods. These materials provide strength, durability, and flexibility, making them suitable for diverse industries such as food and beverages, electronics, and e-commerce.
The global e-commerce boom has fueled the growth of the corrugated packaging market. With the rise of online shopping, there is an increased demand for secure and sustainable packaging solutions. Corrugated packaging, known for its durability and eco-friendly nature, is a preferred choice. The surge in e-commerce activities has led to innovations in corrugated packaging including customization and automation. As businesses adapt to the digital retail landscape, the corrugated packaging industry plays a pivotal role in ensuring the safe and efficient delivery of products, contributing to the sector's expansion in tandem with the e-commerce surge.