The global corrugated carton market size was valued at USD 158.76 billion in 2022 and is projected to grow from USD 164.93 billion in 2023 to USD 218.39 billion by 2030, exhibiting a CAGR of 4.09% during the forecast period.

Corrugated cartons are manufactured by integrating two to three layers of liners that create a robust structure. These cartons help to transport goods safely. The increasing demand for renewable and sustainable packaging has raised the corrugated-carton packages demand, as they are made from a high percentage of recycled paper.

Fortune Business Insights™ mentioned this in a report titled, “Corrugated Carton Market, 2023-2030.”

Source: https://www.fortunebusinessinsights.com/corrugated-carton-market-108688

COVID-19 Impact

Increased Growth in the Pharmaceutical Industry During COVID-19 Pandemic Augmented Market Growth

The corrugated cartons market witnessed a boost during the COVID-19 pandemic. The growth was attributed to the increased demand for pharmaceutical and healthcare products. Post-pandemic, the market is expected to witness significant growth due to the rising number of clinical trials.

Report Coverage

The report offers:

·       Major growth drivers, restraining factors, opportunities, and potential challenges for the market.

·       Comprehensive insights into regional developments.

·       List of major industry players.

·       Key strategies adopted by the market players.

·       The latest industry developments include product launches, partnerships, mergers, and acquisitions.

Segments:

Growing Preference by Online Businesses to Augment Single Wall Segment Growth

Based on wall type, the market is segmented into single wall, double wall, and triple wall. The single wall segment holds the largest market share due to the rising preference for single wall cartons by several online businesses.

Rising Utilization of Corrugated Cartons in Food & Beverage Packaging to Augment Food & Beverage Segment Growth

By end-use industry, the market is divided into food & beverage, pharmaceutical, e-commerce, chemicals, building & construction, and others. The food & beverage segment dominated by holding the largest corrugated carton market share. The growth is attributed to the growing utilization of these cartons from food & beverage packaging companies.

Geographically, the market is studied across North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.

Drivers & Restraints

Growing Benefits of Corrugated Cartons to Boost Market Growth

The increasing benefits of these cartons, such as sustainability and reduced carbon footprint, drive corrugated carton market growth. These cartons are made from recycled newspapers and other papers, which is a primary factor boosting market growth. These cartons are easily customizable, reusable, and eliminate waste compared to other alternatives.