The corrugated packaging market is set to grow from around $315 million in 2017 to more than $380 million by 2023, as trends such as e-commerce, digital print and sustainability drive ongoing growth, according to a study from Smithers Pira (smitherspira.com).
Overall, demand is likely to increase by around 3.5 to 4 percent annually over the medium term, reaching a total of about 181 million tons by 2023, worth over $380 billion at 2017 prices, according to the study, "The Future of Corrugated Packaging to 2023."
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