- Corrugated fiberboard
- Single-face board
- Single-wall board
- Double-wall board
Cardboard Wrap Packing Market size was valued at USD 148.2 billion in 2022 and is poised to grow at a CAGR of 6.5% from 2023 to 2029. Cardboard packaging is incredibly versatile and offers a fantastic range of uses. The primary goal of cardboard packaging is to protect goods (usually solid items) that need to be stored and transported. Cardboard Wraps and containers are fabricated boxes majorly used for packaging goods. The Corrugated fibreboard segment anticipated to grow at significant CAGR over the forecast years owing to corrugated cardboard can be recycled and reused up to 6/7 times before the fibres become too weak to use, this minimises waste generation, meaning fewer products are sent to a landfill. Being fully biodegradable, the product breaks down quickly if sent to a landfill. Moreover, players are focusing on new launch and expansion to maintain the growth in the market. For instance, In June 2020 Domino to Launch the new business model for corrugated box production. Increase in demand for food and beverage packaging, increasing in demand for industrial, pharmaceutical packaging industries are all contributing to the growth of the cardboard wrap packaging market.
Cardboard Wrap Packing Market Key Developments:
In September 2021 - Constantia Flexibles achieved up to 80% recycled content in a PE film using EcoLam laminates’ waste in an industrial recycling trial of EcoLam laminates. Further examinations showed that the type of adhesive and the type of printing ink used have a significant influence on the quality of recyclable material. Further investigation is underway to determine whether printed laminates can also be reused in food applications with suitable adhesives and inks.
Fastest Growing Market
For decades, making cardboard wraps has been a labor-intensive operation. Significant progress has been achieved in the automation of the manufacturing process. Design, machine operation, sales, and administration all demand labor. Technology investment is expected to increase, driving the business towards a capital-intensive condition. The global cardboard wrap and container market is expected to increase at a steady rate throughout the projected period, owing to the expanding food and beverage industries. A surge in online sales is expected to benefit the whole cardboard packaging business in the forecasting period.
2022 is the base year and 2029 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.