The global Corrugated Packaging Market was valued at $150.1 billion in 2014, and it is expected to grow at a CAGR of 4.6% during the forecast period 2015-2020, according to the new report available from P&S Market Research, New York, N.Y., USA. The global corrugated packaging market is increasing due to booming e-commerce, along with increasing industrial production in the developing countries. The increasing urbanization and growing disposable income are further encouraging the growth of non-durable consumer goods, which in turn is up surging the growth of the corrugated packaging market.

The corrugated packaging market by application covers corrugated packaging for processed food, personal and household care products, beverages, electrical and electronic goods, chemicals, glassware and ceramics, fresh food and produce, paper products, tobacco, and others. The others application market for corrugated packaging includes furniture, footwear, and apparel.

The emerging market in Latin America and Asia-Pacific offers significant growth opportunity for the corrugated packaging market. Large population, along with growing consumer awareness towards health and environment has increased the market penetration of corrugated packaging in the non-durable products segment. 

The growth of e-commerce in China, India, and Brazil has boosted the demand of corrugated packaging material in the recent years. With many new international e-commerce players entering the developing countries, the market for e-commerce is expected to increase further during the forecast period. However, limitation of corrugated materials, such as low strength, low durability, and very low water resistance properties, are hindering the growth of the corrugated packaging market. The global corrugated packaging market is going through a number of mergers and acquisitions, which indicates strong sustainability in the corrugated packaging market.

Asia-Pacific was the largest regional market for corrugated packaging, with market share of 47.5% in 2014. Asia-Pacific and developing countries of Latin America are among the fastest growing markets for corrugated packaging, due to the increasing industrial production in these regions. The Asia-Pacific region is expected to increase its share by more than half of the total corrugated packaging market, by the end of 2020.

Major players in the corrugated packaging market include Nine Dragons Paper, RockWest, International Paper, Lee & Man Paper, Georgia-Pacific, Smurfit Kappa Group, Mondi Group, Packaging Corp. of America, Oji Holdings Corp., and DS Smith.