The global corrugated carton market size was valued at USD 158.76 billion in 2022. The market is projected to grow from USD 164.93 billion in 2023 to USD 218.39 billion by 2030, exhibiting a CAGR of 4.09% during the forecast period.
Corrugated cartons are produced by using two to three layers of liners, creating a robust structure. These cartons provide strength to the products, which helps for the transportation of goods. They are resistant to tear and pressure and are light in weight which is anticipated to increase their demand and boost market growth during the forecast period.
Get a Free Sample Research Report PDF: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/cartoning-machines-market-102424
List of Key Players Present in the Report:
Segments:
Increasing Cost-Effectiveness to Drive Single Wall Segment Growth
By wall type, the market is divided into single wall, double wall, and triple wall. The single wall segment holds the largest corrugated carton market share as single wall cartons are highly cost-effective and lightweight.
Growing Utilization of Slotted Cartons by Customers to Boost Slotted Carton Segment Growth
By product type, the market is classified into slotted carton, folding carton, telescope carton, and die cut carton. The slotted carton segment dominates the market due to increasing utilization by several companies and customers to ship their products. The increased demand is driven by strong flaps & stable structure of slotted cartons.