Double Corrugated Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 4.0 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The Double Corrugated Market has experienced notable growth from 2018 to 2022, driven by the surge in e-commerce and the increasing demand for sustainable packaging solutions. This period saw a significant rise in the adoption of double corrugated materials, particularly in packaging applications requiring enhanced strength and durability.
As we look ahead from 2023 to 2033, the market is poised for continued expansion. Projections indicate that the global double corrugated market, valued at approximately USD 20 billion in 2023, is expected to reach USD 32.6 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.5% during this period. This growth is largely attributed to the ongoing expansion of the e-commerce sector and a heightened focus on environmental sustainability.
One of the key drivers of this market is the increasing preference for eco-friendly packaging. Consumers and businesses alike are gravitating towards recyclable and biodegradable materials, and double corrugated packaging fits this criterion effectively. This shift is not only beneficial for the environment but also enhances brand image and meets regulatory requirements.
Technological advancements have also played a crucial role in shaping the market dynamics. Innovations such as automated corrugators and improved printing technologies have enhanced the efficiency and quality of double corrugated products. These developments have enabled manufacturers to meet the growing demand while maintaining high standards of product consistency and reducing production costs.
Regionally, the Asia-Pacific region has emerged as a dominant player in the double corrugated market. Countries like China and India have significantly contributed to this growth, owing to their robust manufacturing sectors and rapidly expanding e-commerce industries. The region’s ongoing infrastructural development and urbanization further create a conducive environment for market expansion.
In contrast, North America and Europe are expected to witness moderate growth. In these regions, the focus is on technological advancements and the replacement of older packaging systems with more sustainable and efficient solutions. The adoption of smart packaging technologies that can monitor and optimize performance is set to revolutionize the market in these areas.
However, the market is not without its challenges. Fluctuating raw material prices and supply chain disruptions pose significant hurdles. Companies that can adapt through strategic sourcing and agile operations are likely to thrive. Additionally, the increasing adoption of automation and Industry 4.0 technologies is expected to streamline production processes and reduce operational costs, further propelling market growth.
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Who are the largest Global manufacturers in the Double Corrugated industry?
- Nine Dragons Paper
- Shanying
- Leeman
- King Hing Paper
- Liansheng Paper
- Sun Paper
- Bohui Paper
- Century Sunshine Paper
- ECO Paper
- Haiwang Paper
- Smurfit Kappa Group
- Sappi Group
- Mondi Group
- Hugo Beck
- Rovema
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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What are the factors driving the growth of the Global Double Corrugated Market?
Growing demand for below applications around the world has had a direct impact on the growth of the Global Double Corrugated Market
- Food
- Electronic
- Other
What are the types of Double Corrugated available in the Market?
Based on Types the Market is categorized into Below types that held the largest Double Corrugated market share In 2023.
- A Type
- B Type
- Other
Which regions are leading the Global Double Corrugated Market?
- Global (United States, Global and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia, etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Detailed TOC of Global Double Corrugated Market Research Report, 2024-2032
1. Introduction of the Global Double Corrugated Market
- Overview of the Market
- Scope of Report
- Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
- Data Mining
- Validation
- Primary Interviews
- List of Data Sources
4. Global Double Corrugated Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Value Chain Analysis
5. Global Double Corrugated Market, By Type
6. Global Double Corrugated Market, By Application
7. Global Double Corrugated Market, By Geography
- Global
- Europe
- Asia Pacific
- Rest of the World
8. Global Double Corrugated Market Competitive Landscape
- Overview
- Company Market Ranking
- Key Development Strategies
9. Company Profiles
10. Appendix
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