Cardboard Wrap Packing Market: By Product Type (Corrugated fiberboard, Single-face board, Single-wall board, Double-wall board, and Others), By End User (Food and Beverage, Beauty and Personal Care, Pharmaceutical Electronics), and Geography

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.