Global Corrugated Packaging Market Will Reach USD 317 Billion

According to the report, global corrugated packaging market was valued at around USD 250 Billion in 2017 and is expected to reach approximately USD 317 Billion in 2023, growing at a CAGR of slightly above 3.5% between 2017 and 2023.

Zion Market Research has published a new report titled “Corrugated Packaging Market by Flute Profile (A Flute, B Flute, C Flute, E Flute, F Flute) by Combined Board (Single Face, Single Wall, Double Wall, Triple Wall) by Box Type (Slotted Boxes, Telescope Boxes, Rigid Boxes, Folder Boxes) by End-Use Industry (Pharmaceuticals, Electronics, Automotive, Consumer Goods, Chemicals) by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) – Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2023’’. According to the report, global corrugated packaging market was valued at around USD 250 Billion in 2017 and is expected to reach approximately USD 317 Billion in 2023, growing at a CAGR of slightly above 3.5% between 2017 and 2023.

Corrugated packaging is mostly recommended during shipping as they are more pressure resistant and stronger than other cardboard boxes. The boxes are mostly used while transporting heavier or fragile products. Its reliable strength ensures damage free transit of many consumer goods. Owing to its superior quality standards over cardboard, they have applications in multiple industries. General advantages of these boxes include their eco-friendliness, ease of handling, and pressure handling capability. Most of the corrugated boxes are composed of recycling materials that are beneficial to the environment along with cost saving.