The global corrugated board market size is expected to be worth around US$ 151.7 billion by 2030, according to a new report by Vision Research Reports.
The global corrugated board market size was valued at US$ 91.79 billion in 2020 and is anticipated to grow at a CAGR of 7.5% during forecast period 2021 to 2030.
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Report Coverage
| Report Scope | Details |
| Market Size | USD 151.7 billion by 2030 |
| Growth Rate | CAGR of 7.5% From 2021 to 2030 |
| Base Year | 2021 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Flute type, Board style |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | International Paper; Georgia-Pacific; WestRock Company; Packaging Corporation of America; Stora Enso; Oji Holdings Corporation; Smurfit Kappa; Port Townsend Paper Company; Mondi; DS Smith |
Growth Factors
The product demand is projected to be driven by the growth in e-commerce packaging and the rising usage of eco-friendly packaging solutions across the world due to strict regulations by regional governments.
The increased dependency on e-commerce retail supported by growing smartphone and internet usage in countries, such as China and India, has resulted in the growth of home delivery services, accelerating the demand for safer packaging solutions. Increasing penetration of the e-commerce industry in emerging economies with a rising trend of m-commerce is expected to fuel the market growth.
Key Players
Market Segmentation
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