Corrugated Packaging Market Size and Companies Growth Rate
The global corrugated packaging market size was valued at USD 297.65 billion in 2024 predicted to hit USD 444.85 billion by 2034. The market is expected to grow at a CAGR of 4.10% from 2024 to 2034.
- Mondi Group
- WestRock Company
- International Paper Company
- DS Smith PLC
- Smurfit Kappa Group
- Nine Dragons Paper (Holdings) Limited
- Georgia-Pacific Equity Holdings LLC.
- Oji Holdings Corporation
- Lee & Man Paper Manufacturing Ltd.
- Packaging Corporation of America
Latest Announcements by Industry Leaders
In May 2024, Greg Woods, AstroNova’s President and Chief Executive Officer expressed, “MTEX NS is a highly innovative manufacturing and technology development company whose multiple lines of industrial grade products significantly expand our Product Identification portfolio. MTEX NS brings multiple complementary market adjacencies while broadening our addressable customer base and geographic reach.”
Recent Developments
- May 2024, AstroNova, Inc. announced its acquisition of MTEX NS, S.A. to develop the Color Digital Package Printing Market.
- February 2024, Kite Packaging announced the launch of a corrugated fan fold.
- September 2024, Power Adhesives announced the launch of biodegradable hot melt for carton and corrugated packaging named ‘first-to-market’.
- Jan 2023, Cascades is delighted to introduce a novel closed-loop basket crafted from recycled and recyclable corrugated cardboard, designed specifically for the produce sector. This innovative solution is a sustainable substitute for conventional food packaging, often posing recycling challenges. By adding this cutting-edge product to our extensive range of eco-friendly packaging offerings, Cascades further demonstrates our commitment to environmental responsibility and sustainable business practices.
- February 2023 Hygiene specialist Satino by WEPA proudly presents its latest innovation, the PureSoft range, crafted entirely from 100% recycled corrugated cardboard. This eco-friendly range comprises toilet tissue, kitchen rolls, and hand towels designed to meet the highest sustainability standards. Using recycled materials, the PureSoft range achieves an impressive 70% reduction in carbon footprint compared to traditional virgin fibre production methods. Moreover, the range eliminates the bleaching process to enhance its environmentally conscious approach, resulting in a more natural-looking paper. Satino's PureSoft range exemplifies our commitment to offering environmentally responsible solutions without compromising quality and performance.
- March 2023, Sainsbury's is thrilled to introduce its latest eco-conscious initiative - the launch of cardboard packaging for its own-brand detergent. As part of our commitment to reducing plastic waste and promoting sustainability, this innovative packaging solution replaces traditional plastic containers with recyclable cardboard. By adopting this eco-friendly approach, we aim to contribute to a cleaner environment and offer our customers a more sustainable choice for their laundry needs. Sainsbury's cardboard packaging for own-brand detergent aligns with our dedication to making positive environmental changes while maintaining the same level of product quality and convenience for our valued customers.
- July 2023, Sainsbury's proudly introduces its latest initiative, the launch of recyclable cardboard packaging exclusively designed for our premium steak products. With a strong emphasis on sustainability and environmental responsibility, this innovative packaging solution aims to significantly reduce plastic waste in the food industry. By opting for recyclable cardboard, we aim to positively impact the environment while ensuring the same level of quality and freshness for our esteemed customers. This launch is a testament to Sainsbury's commitment to adopting greener practices and meeting the evolving demands of conscious consumers.
