Corrugated packaging Market Is Highly Growing in Industry with Good Revenue by 2027

Corrugated packaging is manufactured using a corrugated paperboard that encloses multiple rows of air columns. The air columns between the papers make these packaging stronger than usual cardboard packaging. In corrugated packaging, the air acts as a cushion for products placed inside them. The ridges in the paperboard offer flexibility and strength, as required in packaging.

The global corrugated packaging market was valued at US$ 273.7 Mn in 2018 and is expected to exhibit a CAGR of 3.4%, in terms of revenue over the forecast period (2019-2027), to reach US$ 357.6 Mn by 2027.

The global corrugated packaging market has experienced a humongous growth over the past years and as per the estimation the global corrugated packaging market will grow more on a rapid pace during the forecast period. The rising population and growing per capita income is the major growth driver for this market. Along with this the growing applications segment such as food & beverages, personal care, Pharmaceuticals & healthcare, paper industry, electronic goods have contributed a major role in the overall market growth.

Corrugated packaging is one of the most popular types of packaging for small, medium, and large-sized products, which has increasing demand globally. The expanding ecommerce business has emerged as a prominent trend in the Global Corrugated Packaging Market. The ban on plastic packaging has also contributed significantly to the growth of the corrugated packaging sector.

Corrugated packaging is made from corrugated paperboard that is wrapped around many rows of air columns. Because of the air columns between the sheets, this packaging is stronger than standard cardboard packing. The air in corrugated packaging functions as a cushion for the contents contained within it. The ridges in the paperboard provide flexibility and strength, both of which are necessary in packaging.

Growth of e-commerce sector is expected to increase demand for corrugated packaging. Also, rising acceptance of retail-ready packaging is gaining traction, owing to its advantage of saving time in managing products. Retail-ready packaging has gradually become common in developed countries due to labor cost and time savings it offers. Corrugated packaging is a sustainable and low cost option when compared to its counterparts such as plastic containers. This is expected to result in increasing demand for corrugated packaging from the packaging sector.