Corrugated Carton Market Outlook, Current Strategies, and Growth

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Vipon > V Show > Corrugated Carton Market Outlook, Current Strategies, and Growth

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Corrugated Carton Market Outlook, Current Strategies, and Growth

2024-05-14 00:32:24

Report

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.

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.