The global corrugatedcarton market size was valued at USD 158.76 billion in 2022 and isprojected to grow from USD 164.93 billion in 2023 to USD 218.39 billion by
2030, exhibiting a CAGR of 4.09% during the forecast period.
Corrugatedcartons are manufactured by integrating two to three layers of liners that
create a robust structure. These cartons help to transport goods safely. The
increasing demand for renewable and sustainable packaging has raised the
corrugated-carton packages demand, as they are made from a high percentage of
recycled paper.
FortuneBusiness Insights™ mentioned this in a report titled, “Corrugated Carton Market, 2023-2030.”
COVID-19Impact
IncreasedGrowth in the Pharmaceutical Industry During COVID-19 Pandemic Augmented Market
Growth
The corrugatedcartons market witnessed a boost during the COVID-19 pandemic. The growth was
attributed to the increased demand for pharmaceutical and healthcare products.
Post-pandemic, the market is expected to witness significant growth due to the
rising number of clinical trials.
Report Coverage
The reportoffers:
· Major growthdrivers, restraining factors, opportunities, and potential challenges for the
market.
· Comprehensiveinsights into regional developments.
· List of majorindustry players.
· Key strategiesadopted by the market players.
· The latestindustry developments include product launches, partnerships, mergers, and
acquisitions.
Segments:
Growing Preference by Online Businesses toAugment Single Wall Segment Growth
Based on walltype, the market is segmented into single wall, double wall, and triple wall.
The single wall segment holds the largest market share due to the rising
preference for single wall cartons by several online businesses.
Rising Utilization of Corrugated Cartons inFood & Beverage Packaging to Augment Food & Beverage Segment Growth
By end-useindustry, the market is divided into food & beverage, pharmaceutical,
e-commerce, chemicals, building & construction, and others. The food &
beverage segment dominated by holding the largest corrugated carton market
share. The growth is attributed to the growing utilization of these cartons from
food & beverage packaging companies.
Geographically,the market is studied across North America, Europe, Asia Pacific, the Middle
East & Africa, and Latin America.
Drivers & Restraints
Growing Benefits of Corrugated Cartons toBoost Market Growth
The increasing benefitsof these cartons, such as sustainability and reduced carbon footprint, drive corrugated
carton market growth. These cartons are made from recycled newspapers and other
papers, which is a primary factor boosting market growth. These cartons are
easily customizable, reusable, and eliminate waste compared to other
alternatives.
