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Corrugated Packaging Market Trends

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

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Corrugated Packaging Market Trends

The corrugated packaging industry is transforming with the rise of digital printing, offering high-quality, customized packaging. This trend supports quick turnarounds, ideal for short-run productions and seasonal promotions. Digital printing allows easy design changes, reducing waste and costs. Improved ink technology enhances color accuracy and durability, while direct printing on corrugated surfaces eliminates the need for labels, simplifying production. Brands are increasingly using digital printing to create distinctive, consumer-attractive packaging in a competitive market.

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.