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Corrugated Board Packaging Market is expected to generate a revenue of USD 420 Billion by 2032, Globally, at 6.0% CAGR: – Market Research Intellect

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Market Research Intellect, is thrilled to announce the release of its comprehensive and authoritative report on the Corrugated Board Packaging Market. The market is witnessing substantial growth, driven by the increasing adoption of sustainable packaging solutions and the booming e-commerce sector. However, fluctuations in raw material prices and stringent environmental regulations pose challenges to market expansion.

LEWES, Del., March 18, 2025 /PRNewswire/ — The global corrugated board packaging market is projected to grow from approximately USD 250 billion in 2024 to nearly USD 420 billion by 2032, reflecting a compound annual growth rate (CAGR) of 6.0% during the forecast period.

The corrugated board packaging market is driven by the rapid expansion of e-commerce, increasing demand for sustainable and recyclable packaging, and rising consumer preference for eco-friendly materials. Growth in industries such as food and beverages, electronics, and pharmaceuticals further fuels demand. Technological advancements in lightweight and durable packaging solutions enhance efficiency and cost-effectiveness. Additionally, stringent environmental regulations and corporate sustainability initiatives push manufacturers toward biodegradable and recyclable packaging alternatives, accelerating market expansion.

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202 – Pages
126 – Tables
37 – Figures

Scope Of The Report

REPORT ATTRIBUTES

DETAILS

STUDY PERIOD

2020-2031

BASE YEAR

2024

FORECAST PERIOD

2025-2032

HISTORICAL PERIOD

2020-2024

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Smurfit Kappa, International Paper, DS Smith, WestRock, Mondi Group, Packaging Corporation of America, Georgia-Pacific, Rengo Co. Ltd., Nine Dragons Paper, and Pratt Industries.

SEGMENTS COVERED

By Type, By Application And By Geography

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope

Corrugated Board Packaging Market Overview

Market Growth and Size

The corrugated board packaging market is expanding rapidly, driven by the surge in online shopping, increased industrial applications, and growing awareness of sustainable packaging. The market was valued at approximately USD 250 billion in 2024 and is projected to reach nearly USD 420 billion by 2032. A steady compound annual growth rate (CAGR) of around 6.0% highlights its increasing adoption. Businesses across sectors prefer corrugated packaging due to its lightweight and cost-effectiveness. This packaging type ensures product safety during transportation while reducing logistics costs. Furthermore, technological advancements, such as digital printing and enhanced structural designs, contribute to the growing appeal of corrugated board packaging solutions. The rise of customized packaging options also bolsters market expansion, catering to the branding needs of various companies.

E-Commerce as a Key Market Driver

The exponential growth of e-commerce platforms is one of the primary factors fueling the demand for corrugated board packaging. As consumers increasingly shift towards online shopping, businesses require sturdy, protective, and lightweight packaging materials to ensure product safety during transit. E-commerce giants like Amazon, Alibaba, and Flipkart heavily rely on corrugated boxes for packaging various products, from electronics to food items. Additionally, the demand for custom-printed and branded corrugated packaging is rising, allowing companies to enhance their brand identity. With global e-commerce sales continuing to surge, particularly in emerging economies, the need for high-quality corrugated packaging solutions will persist. Innovations such as easy-to-open designs and tamper-proof packaging further strengthen the market outlook.

Sustainability and Eco-Friendly Packaging Trends

Sustainability has become a crucial factor shaping the corrugated board packaging market. Consumers and businesses alike are prioritizing environmentally friendly packaging solutions to reduce carbon footprints and comply with regulatory guidelines. Corrugated packaging, made primarily from recycled paper and biodegradable materials, aligns with this trend. Governments across regions are imposing stringent packaging waste regulations, encouraging companies to adopt sustainable practices. Additionally, brands emphasizing corporate social responsibility (CSR) initiatives prefer recyclable and compostable packaging solutions. Innovations in water-based inks, recyclable coatings, and reduced material wastage contribute to the increasing demand for eco-conscious corrugated board packaging. As industries transition toward circular economy principles, the adoption of sustainable packaging materials will accelerate.

Technological Advancements in Packaging Design

The integration of advanced packaging technologies is revolutionizing the corrugated board packaging industry. Digital printing technologies enable high-quality, customizable packaging solutions that cater to branding needs. Smart packaging innovations, such as RFID tags and QR codes, enhance traceability and consumer engagement. Structural improvements in corrugated box designs, including reinforced edges and lightweight durability, ensure optimal product protection while minimizing material usage. Automation in manufacturing processes has also improved production efficiency and cost-effectiveness. Additionally, the use of water-resistant coatings and anti-microbial treatments in corrugated packaging enhances its application in food and healthcare sectors. These technological advancements are expected to drive market growth by offering enhanced functionality and customization.
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Growing Demand from the Food and Beverage Industry

The food and beverage sector is a significant consumer of corrugated board packaging, utilizing it for transporting perishable goods, beverages, and packaged foods. The shift toward sustainable food packaging solutions has encouraged the use of recyclable corrugated materials. Corrugated boxes with moisture-resistant coatings ensure the safety and longevity of food products. The increasing preference for takeaway and home delivery services has further propelled demand for sturdy, food-grade corrugated packaging. Additionally, advancements in packaging designs, such as ventilated fruit and vegetable boxes, improve product shelf life. As consumer preferences shift toward sustainable food packaging, the market for corrugated board solutions is set to witness substantial growth.

Regional Market Dynamics and Growth Potential

The corrugated board packaging market is expanding globally, with significant growth observed in Asia-Pacific, North America, and Europe. Asia-Pacific dominates the market due to rapid industrialization, urbanization, and the booming e-commerce sector in countries like China and India. North America and Europe are witnessing steady growth, driven by strong demand from the retail and food sectors, coupled with stringent environmental regulations promoting sustainable packaging. The Middle East and Africa are also emerging as potential markets due to increasing investments in logistics and trade. Regional dynamics, influenced by trade policies, manufacturing capacities, and technological advancements, shape market opportunities. With increased focus on recycling initiatives and sustainable packaging regulations, regional markets are adapting to evolving industry demands.

Competitive Landscape and Key Players

The corrugated board packaging industry is highly competitive, with major players focusing on innovation, sustainability, and strategic partnerships. Leading companies such as Smurfit Kappa, International Paper, DS Smith, and WestRock dominate the market, continuously investing in new packaging technologies. Mergers and acquisitions are common, allowing companies to expand their geographical presence and production capacities. Additionally, mid-sized and emerging packaging companies are innovating with eco-friendly materials and lightweight packaging solutions to gain market share. The increasing demand for customized and digitally printed corrugated boxes has intensified competition among manufacturers. The industry is expected to see continued investments in automation, material innovation, and sustainability initiatives.

Future Market Outlook and Emerging Trends

The future of the corrugated board packaging market looks promising, with continued demand from e-commerce, food, and pharmaceutical industries. The shift toward lightweight, high-strength packaging materials will drive innovation in design and manufacturing. Sustainable packaging trends will dominate, with an increasing focus on biodegradable coatings and reusable packaging models. The rise of AI-driven packaging design and smart logistics solutions will further enhance the efficiency of corrugated packaging. As global regulations push for eco-friendly alternatives, manufacturers will invest in circular economy solutions. Emerging trends such as digital printing advancements, supply chain optimization, and new material developments will shape the market landscape over the next decade.

Geographic Dominance:

The Asia-Pacific region dominates the corrugated board packaging market, driven by rapid industrialization, urbanization, and the booming e-commerce sector. Countries like China, India, and Japan lead the market due to their expanding retail industries, rising disposable incomes, and increasing demand for sustainable packaging solutions. North America and Europe also hold significant market shares, supported by strong environmental regulations promoting recyclable and biodegradable packaging. The United States remains a key contributor, with major retail and logistics companies relying on corrugated packaging for efficient supply chain management. Europe’s focus on sustainability and circular economy initiatives fuels the adoption of eco-friendly corrugated materials. Meanwhile, the Middle East, Africa, and Latin America are emerging markets, with growing investments in infrastructure and logistics. As companies expand their global footprints, regional dynamics will continue shaping market trends, with Asia-Pacific expected to maintain its leadership due to its vast manufacturing and consumption base.

Corrugated Board Packaging Market Key Players Shaping the Future

Leading companies shaping the future of the corrugated board packaging market include Smurfit Kappa, International Paper, DS Smith, WestRock, Mondi Group, Packaging Corporation of America, Georgia-Pacific, Rengo Co. Ltd., Nine Dragons Paper, and Pratt Industries. These key players focus on innovation, sustainability, and strategic expansions to strengthen their market positions. Investments in advanced packaging technologies, eco-friendly materials, and automation drive their competitive edge. Mergers, acquisitions, and collaborations help expand production capacities and geographic reach, ensuring continued market leadership in the evolving packaging industry.

Corrugated Board Packaging Market Segment Analysis

The Corrugated Board Packaging Market is segmented based on By Type, By Application and Geography, offering a comprehensive analysis of the industry.

1. By Type

Single-Wall Corrugated Board – Commonly used for lightweight packaging applications, providing cost-effective and durable protection.Double-Wall Corrugated Board – Offers enhanced strength and durability, ideal for heavier products and industrial applications.Triple-Wall Corrugated Board – Used for extremely heavy-duty packaging, often replacing wooden crates in logistics and transportation.Microflute Corrugated Board – Lightweight and thin, widely used for retail packaging, displays, and high-quality printing applications.

2. By Application

Food & Beverage – Used for packaging perishable and processed foods, beverages, and takeaway containers with moisture-resistant coatings.E-Commerce & Retail – Essential for shipping boxes, custom-printed branding, and protective packaging for online orders.Pharmaceuticals – Provides secure, tamper-proof, and sterile packaging for medicines, medical devices, and healthcare products.Electronics & Consumer Goods – Protects fragile and high-value electronics with anti-static and cushioned corrugated solutions.Industrial & Automotive – Used for transporting spare parts, heavy machinery, and bulk industrial products.

3. By Geography

Asia-Pacific – The largest market, driven by high e-commerce growth, manufacturing expansion, and increasing sustainability regulations.North America – Strong presence due to the retail boom, high demand for recyclable packaging, and innovations in digital printing.Europe – Growth fueled by stringent environmental laws and strong adoption of eco-friendly, biodegradable packaging solutions.Latin America – Emerging market with growing industrialization and rising demand for cost-effective packaging solutions.Middle East & Africa – Increasing investments in logistics and food packaging drive demand for corrugated board solutions.

Packaging 

Corrugated board packaging is a preferred solution across industries due to its durability, lightweight nature, and recyclability. Made from fluted corrugated sheets sandwiched between linerboards, it provides excellent cushioning and protection for products during storage and transportation. The packaging is widely used in e-commerce, food and beverage, pharmaceuticals, and industrial applications. With increasing demand for sustainable packaging, manufacturers are focusing on biodegradable coatings, water-based inks, and recyclable materials. Advanced printing technologies also enable custom branding and product-specific packaging solutions. As businesses prioritize eco-friendly and cost-effective packaging, the corrugated board packaging market is poised for steady growth.

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About Us: Market Research Intellect

Welcome to Market Research Intellect, where we lead the way in global research and consulting, proudly serving over 5,000 esteemed clients worldwide. Our mission is to empower your business with cutting-edge analytical research solutions, delivering comprehensive, information-rich studies that are pivotal for strategic growth and critical revenue decisions.

Unmatched Expertise: Our formidable team of 250 highly skilled analysts and subject matter experts (SMEs) is the backbone of our operations. With extensive training in advanced data collection and governance, we delve into over 25,000 high-impact and niche markets. Our experts seamlessly integrate modern data collection techniques, robust research methodologies, and collective industry experience o produce precise, insightful, and actionable research.

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Trip.com Group Sincerely Accepts Administrative Penalty Decision Issued by the State Administration for Market Regulation of the People’s Republic of China

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SINGAPORE, July 25, 2026 /PRNewswire/ — Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) today announced that it has received the administrative penalty decision issued by the State Administration for Market Regulation of the People’s Republic of China.

Trip.com Group sincerely accepts the decision and will adopt rectification measures in accordance with applicable laws and regulations to implement the decision’s requirements. The Company will strengthen its long-term governance mechanisms and strive to contribute to the sustainable development of the travel industry.

Trip.com Group’s management team will host a conference call at 8:00 AM U.S. Eastern Time on July 27, 2026 (or 8:00 PM Hong Kong Time on July 27, 2026).

The conference call will be available on Webcast live at: http://investors.trip.com.

All participants must pre-register to join this conference call using the participant registration link below:
https://register-conf.media-server.com/register/BIb78e08d8f18340c4882a7e4ab961906b.

Upon registration, each participant will receive details for this conference call, including dial-in numbers and a unique access PIN. To join the conference, please dial the number provided, enter your PIN, and you will join the conference instantly.

For further information, please contact:
Investor Relations
Trip.com Group Limited
Email: iremail@trip.com

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SOURCE Trip.com Group Limited

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NAVER Partners with Brookfield and NVIDIA to Expand Korea’s National AI Factory Infrastructure Buildout

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SAN FRANCISCO, July 25, 2026 /PRNewswire/ — NAVER, Brookfield and NVIDIA announced an expansion of Korea’s sovereign AI factory infrastructure. New investments will increase the initial NVIDIA DSX™ AI factory deployment from 55 megawatts to 200 megawatts.

Announced during Korea President Jae Myung Lee’s AI Summit visit to San Francisco, the planned 200-megawatt expansion will be built with the NVIDIA DSX platform at NAVER’s GAK Sejong hyperscale data center in Sejong, South Korea. The expanded infrastructure will provide Korea- and U.S.- based AI innovators with access to production-scale AI compute for building next-generation models, agents and AI-powered services.

Under the terms of the agreements, Brookfield will fund up to $9 billion as the exclusive capital partner, NVIDIA will invest $1 billion and NAVER will fund the remaining amount to finance the $10 billion project.

This builds on NAVER’s June announcement to extend its GAK Sejong data center with NVIDIA DSX, with a long-term path to gigawatt-scale sovereign AI infrastructure serving Korea’s enterprises, industries, government organizations and global AI cloud customers. Combining Brookfield’s capital with NVIDIA’s computing platform, the investment supports NAVER’s AI factory deployment.

“NVIDIA’s strategic investment and our infrastructure supply agreement with Brookfield have propelled NAVER’s vision for the AI Factory business into a robust execution phase,” said Haejin Lee, Founder and Chairman of NAVER. “Leveraging the solid partnerships with our global partners, we will drive technological innovation, foster a sovereign AI ecosystem, and spearhead efforts to strengthen South Korea’s AI competitiveness.” 

AI Factory Expansion and Open Model Collaboration to Fuel AI Innovators

NAVER, as an NVIDIA Cloud Partner, provides deep expertise in operating hyperscale infrastructure powered by the full-stack NVIDIA AI platform. The 200-megawatt AI factory, featuring NVIDIA Vera Rubin and Blackwell platforms, will establish a dedicated resource pool for emerging AI companies, providing the compute, software and support needed to develop and deploy competitive AI models and applications at scale.

This expanded infrastructure also builds on NAVER and NVIDIA’s collaboration on open model development for agentic and physical AI. NAVER is advancing its HyperCLOVA X models to be based on NVIDIA Nemotron™ 3 Ultra open models with its proprietary data and training expertise. NAVER is also the first Korean company to join the NVIDIA Nemotron Coalition, contributing to open model development across pretraining, post-training and reinforcement learning.

NAVER plans to launch an AI agent platform in Korea in the second half of the year, powered by NVIDIA Agent Toolkit software including NVIDIA NemoClaw™ blueprints. NAVER is also developing a Seoul World Model using proprietary urban street-view and spatial modeling data, built on NVIDIA Cosmos™ world foundation models.

About NAVER

Founded in 1999, NAVER is Korea’s largest Internet company and one of the world’s top tech companies. Leading cutting-edge technologies, NAVER operates the No.1 search engine in Korea and holds various business portfolios encompassing commerce, fintech, cloud, AI and robotics.

NAVER recorded sales of KRW 12.04 trillion (USD 8.18 billion) in 2025. TEAM NAVER continues to enhance its business portfolio and expand its global presence across Japan, North America, and Europe, while pursuing innovation through continuous research and development in future technologies.

View original content:https://www.prnewswire.com/news-releases/naver-partners-with-brookfield-and-nvidia-to-expand-koreas-national-ai-factory-infrastructure-buildout-302834577.html

SOURCE NAVER

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Beijing Review: Walking Through Time: China and U.S. Youths Explore Dali’s Past and Future

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BEIJING, July 24, 2026 /PRNewswire/ — On July 17, a China-U.S. youth delegation came to Dali of Yunnan Province. By examining how Dali’s rich history intersects with modern development, the delegates explored new pathways for rural development.

They visited Dali Old Town, tried their hand at making the Bai people’s Three-Course Tea and also explored the ancient town of Xizhou, where they learned how modern tourism and indigenous life coexist.

In Yunnanyi Village, they explored its history as a stop along the Tea Horse Road and learned about the role it played during the Second World War (WWII).

Tyler James Smith

“I think it’s a very underappreciated part of World War II history. Hearing these stories of different countries working together despite cultural differences is incredibly inspiring.

I also think there are many stories like these that haven’t been widely told, simply because World War II is such a complex period in history. That’s why I think it’s so meaningful to visit museums like this and experience these stories firsthand.”

At Xiangyun Economic and Technological Development Zone, they visited a local new energy company to see how green, low-carbon development is driving regional growth.

Valerie Marie

“I recently started studying energy transitions. I know China has been really big in the renewable energy sector. So actually getting to hear more about [China’s] 2060 [pledge], learning more about carbon neutrality [goals], as well as other zero-carbon goals, was cool.”

During their stay in Dali, they also strolled along the Erhai Lake Ecological Corridor.

Bai Yiwen

“I’d describe this journey as “to be continued,” because my own connection with Yunnan is far from over. For the U.S. delegates, this was only their first visit, so they’ve only had a glimpse of what Yunnan has to offer. I hope they will have more opportunities to come back to China, explore other cities in Yunnan, and discover even more of its people, culture and traditions.”

After Dali, the delegates will visit Beijing for more tours and exchanges. The event was co-hosted by China International Communications Group (CICG) Center for the Americas and the U.S.-based International Student Conferences.

https://x.com/beijingreview/status/2080104404552663067?s=46&t=yfVMVdMyE2zKAFrYaLoV-g

https://www.facebook.com/share/v/1EtGCCKzy4/?mibextid=wwXIfr

https://www.tiktok.com/@cachinachic/video/7665536913532587294?is_from_webapp=1&sender_device=pc&web_id=7227134149436605995

https://youtu.be/jGONWTqwduc?is=KfL-Zn3HyVYE-KEm

Contact: Jiaweibellapeng@163.com

View original content:https://www.prnewswire.com/news-releases/beijing-review-walking-through-time-china-and-us-youths-explore-dalis-past-and-future-302834587.html

SOURCE Beijing Review

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