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E-commerce a major growth area for corrugated packaging

According to Smithers Pira research on the corrugated packaging market, there is promising growth in the $315 billion corrugated packaging market – with e-commerce providing a prime area of future opportunities for converters.

Smithers Pira
Smithers Pira

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  • The corrugated packaging market overall totalled an estimated 145 million tonnes in 2017, growing to almost 181 million tonnes in 2023
  • The corrugated packaging market is worth almost $315 billion to converters in 2017, and forecast to grow to almost $383 billion by 2023
  • E-commerce packaging favours the use of corrugated board – more than $20 billion worth of corrugated materials are used in e-commerce sector
  • The major sectors for e-commerce include consumer electronics, books and media products, fashion, and toys, hobby, and sports equipment
  • The market for e-commerce packaging will expand at a rapid compound annual growth rate (CAGR) of 14.3% from 2017 through to 2022. This compares to a CAGR of 2.9% for packaging overall in 2017-22
  • E-commerce packaging – including corrugated packaging, as well as flexible packaging, and protective and transit packaging – will total nearly $55 billion in 2022

For more information on The Future of Corrugated Packaging to 2023 or to buy, please visit the market report page.

See recent articles  of interest from "Sustainability in Packaging U.S" on e-commerce and Amazon certification.

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