The global corrugated wraps market is estimated to grow at a CAGR of 4.5% between 2022 and 2032, reaching market values of US$ 3,586.4 million in 2022 and US$ 5,589.1 million.
Due to growing consumer demand for eco-friendly packaging and increased e-commerce site penetration, the market for corrugated wraps is anticipated to expand. For the historical period of 2016–2021, sales of corrugated wrap grew at a 3.1% CAGR.
Corrugated packaging helps to keep produce fresh from the farm to the market. Among other materials, corrugated wrap manufacturers provide a range of environmentally friendly labels made from papers, post-consumer waste papers, dissolvable and re-pulp-able papers.
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Global corrugated wraps market: Introduction
The global push for sustainable packaging and marketing solutions has led increasing awareness among consumers regarding the negative impact of certain packaging solutions on our environment. As consumer awareness continues to be on the rise, the shift toward recycled packaging and marketing solutions is expected to become conspicuous. Corrugated Packaging keeps vegetables and fruits fresh from the farm to store.
Manufacturers of corrugated wraps offer a wide range of sustainable labels made from papers, post-consumer waste papers, dissolvable and re-pulp-able papers, among others. The demand for corrugated wraps is expected to grow with the rise in the number of eco-conscious consumers, across the globe. One of the key trends observed among consumers today is a higher preference for sustainable packaging. A lot depends on consumer sentiments regarding the impact of a packaging solution on the environment. Therefore, over time, more brand owners are expected to use corrugated wraps for their products, which will increase the chances of impulse buying among eco-conscious consumers.
Corrugated wraps are manufactured using the eco-friendly material, and their production reduces the carbon footprint of the company. This is expected to boost sales of products such as corrugated wraps, at a time when there is a high demand for sustainable packaging solutions both from the supply-side and demand-side. Therefore, the outlook for the growth of the global corrugated wraps market is expected to be mostly positive during the forecast period.
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Global corrugated wraps market: Dynamics
The global corrugated wraps is anticipated to grow on the backdrop of the global sustainable packaging market growth, during the next ten years, and beyond. The global corrugated wraps are manufactured using a variety of materials to suit various applications and markets. Moreover, manufacturers of corrugated wraps also offer custom services.
The global corrugated wraps market can be applied on a variety of surfaces such as that of stainless steel, metal, cardboard, and glass, among others. Corrugated wraps cater to various end-use industries such as the food & beverages industry, and personal care & cosmetics industry, among others.
Some of the key trends observed in the market are the use of soy-based inks and production of renewable paper & films with corn-based products. The growth of the global corrugated wraps market over the forecast period is hampered due to certain factors. For corrugated wraps to witness higher demand, more consumers need to be made aware regarding the advantages of sustainable packaging.
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Global corrugated wraps market: Segmentation
The global corrugated wraps market has been segmented as –
On the basis of material type, the global corrugated wraps market has been segmented as follows–
- Paper
- Semi-gloss/matte paper
- Direct thermal paper
- Vellum paper
- Others
- Plastic
- Fibers
On the basis of end use, the global corrugated wraps market has been segmented as follows–
- Schools
- Retail stores
- Warehouses
- Restaurants
Global corrugated wraps market: Geographical Outlook
The global corrugated wraps market has been divided into seven main regions –
- North America
- The Asia Pacific excluding Japan (APeJ)
- Latin America
- The Middle East and Africa (MEA)
- Western Europe
- Eastern Europe
- Japan
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