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Corrugated Packaging Market Share

Report ID: GMI5246
Published Date: Nov 2024
Report Format: PDF

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Corrugated Packaging Market Share

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In 2023, key companies like Packaging Corporation of America, Mondi, WestRock, International Pape held a combined market share of 10-15%. In the corrugated packaging industry, companies primarily on factors such as price, product differentiation and sustainability. Companies prioritize price, aiming to deliver cost-effective solutions without compromising on quality. They also emphasize product innovation and differentiation, offering customizable packaging designs, eco-friendly materials, and advanced printing capabilities to align with customer demands. Sustainability has emerged as a pivotal competitive factor, highlighting the rising demand for recyclable and biodegradable packaging. Furthermore, companies are improving their distribution networks to guarantee timely deliveries, especially in response to the expanding e-commerce and retail sectors.

Corrugated Packaging Market Companies

Major players operating in the corrugated packaging industry are:

Cascades
CESCO
Danhil
DS Smith
Evergreen Packaging
Georgia-Pacific
International Paper
Lee & Man Paper Manufacturing
Mondi Group
Montebello Container
Packaging Corporation of America
Rengo
Smurfit Kappa Group
Sultana Packaging
WestRock

Authors: Aviansh Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market size for corrugated packaging was valued at USD 224.1 billion in 2023 and is projected to reach USD 341.8 billion by 2032, driven by a CAGR of over 4.3% from 2024 to 2032.

Flexography printing technology held around 42% of the total market share in 2023 and is anticipated to grow at a CAGR of 5.1% during the forecast period, driven by its ability to deliver high-quality prints on various substrates.

The U.S. market generated around USD 45.8 billion in 2023, driven by the booming e-commerce sector and the rise in home delivery services.

Major players in the industry include Cascades, CESCO, Danhil, DS Smith, Evergreen Packaging, Georgia-Pacific, International Paper, Lee & Man Paper Manufacturing, and Mondi Group.