The corrugated board packaging market is expected to reach USD 339.95 billion by 2025

Market Overview The corrugated board packaging market was valued at USD 262. 61 billion in 2019, and it is expected to reach USD 339. 95 billion by 2025, recording a CAGR of 4. 41%, during the forecast period of 2020-2025.

— Reportlinker.com announces the release of the report “Corrugated Board Packaging Market – Size , Growth, Trends, and Forecast (2019 – 2024)” – https://www.reportlinker.com/p05865708/?utm_source=GNW
 According to a report by Asia Pulp and Paper’s (APP) 2017 Paper & Packaging Consumer Trends, compared to five years ago, the sustainability of paper-based packaging today is much more important to almost half of the consumers (50%).

– Rising consumer consciousness and rising concerns by regulatory bodies regarding sustainable packaging and the cost benefits associated are encouraging the use of environment-friendly packaging products, and is driving the growth of the corrugated board packaging market. For instance, Singapore’s National Environment Agency (NEA) in July 2016 announced that it would introduce mandatory requirements for companies to adopt sustainable materials in packaging to reduce packaging waste in the next 3-5 years.
– Also, corrugated packaging comprises 88% of recycled content with the additional fresh fibers coming from sustainably managed forests, it is harmless rather than catastrophic. Moreover, if a corrugated box ends up in the ocean, it will be degraded within two months. Prominent e-commerce companies such as Amazon are moving towards corrugated board packaging for e-commerce packaging as it helps in controlling costs apart from offering an environment-friendly option.
– The corrugated board packaging market will also benefit from increased global trade and healthy economic conditions. The rising consumption in developing nations, such as Brazil, Russia, India, and China, provide strong growth prospects for the corrugated board packaging market. Recently, countries like India (State of Maharashtra) have banned the usage of plastic packaging. This is poised to drive the demand of corrugated board packaging.

Scope of the Report
Corrugated board packaging is a versatile and cost-efficient method to protect, preserve, and transport a wide range of products. Attributes such as light weight, biodegradability, and recyclability, are the advantages of this packaging that make them an essential component in today’s modern life.
The market has been segmented by End-user Industry (Processed Foods, Fresh Food and Produce, Beverages, Paper Products, Electrical Products), and Region.

Key Market Trends
Processed Food Segment Expected to occupy Significant Market Share

The demand for convenience foods is on the rise due to the busy lifestyle of people. Hence, processed food, which has a quick cooking time, attracts many consumers. The increasing population also drives the demand for processed food, which is convenient as well as healthy. According to the Bureau of Labor Statistics, the number of employed women in the United States alone has grown from 53.6 million in 1990 to 71.9 million in 2017. These factors are increasing the need to provide high-quality packaged and processed foods to customers.
– As corrugated board packaging keeps moisture away from products and can withstand long shipping times, corrugated board packaging is increasingly being adopted by companies to offer better outcomes to customers, especially as a means of secondary or tertiary packaging.
– Further, innovations in the domain are expanding the scope of applications for corrugated cardboard packaging. Companies such as THIMM Group developed “COOLandFREEZE”, a box made up of corrugated cardboard for temperature-controlled shipping that enables the joint transport of frozen, chilled and non-refrigerated products within one package.
– This innovative packaging ensures effective insulation and the constant refrigeration of fresh products over a period of at least 36 hours. As this corrugated cardboard packaging is a more sustainable alternative to polystyrene or plastic shipping solutions, the demand for this market is expected to rise rapidly over the forecast period.