A report by Allied Market Research projects that the global corrugated packaging industry is expected to grow at a CAGR of 4.1% from 2022 to 2031, reaching $198.8 billion by 2031. This in-depth study delivers critical insights into market size, share, trends, segmental performance, regional developments, and competitive dynamics.
Access Full Summary Report: https://www.alliedmarketresearch.com/corrugated-packaging-market-A15511
Designed to aid businesses, investors, stakeholders, and new entrants, the report supports strategic decision-making by highlighting key industry benefits and outlining the research methodology. It offers a clear and comprehensive understanding of the global corrugated packaging landscape.
Factors driving industry growth
Corrugated packaging is known for its durability and resilience, making it ideal for protecting food and beverage items during long-distance transportation and frequent handling. Its customizable design ensures right-sized packaging, enhancing product safety and reducing material waste. In the personal care industry, corrugated packaging shields products from contamination damage and supports branding, allowing consumers to connect with lifestyle or image choices. Effective designs focus on accurate labeling, temperature resistance, simplicity, flexibility, affordability, and sustainability.
Surge in demand for corrugated packaging from the food beverage and personal care sectors is expected to drive significant growth in the corrugated packaging market during the forecast period.