Corrugation

Global Industry Size:

The global corrugated packaging market size was valued at USD 270.4 billion in 2020 and is expected to reach USD 384.4 billion by 2027, growing at a CAGR of 4.5% during the forecast period.

India Industry Size:

The Indian corrugated packaging market size was valued at INR 35,000 crore (USD 4.9 billion) in 2020 and is expected to reach INR 60,000 crore (USD 8.5 billion) by 2027, growing at a CAGR of 8.2% during the forecast period.

Number of Players in India:

There are approximately 300-350 players in the Indian corrugation industry, with a mix of large-scale manufacturers, small and medium-sized enterprises, and regional players.

Growth Rate:

The Indian corrugation industry has been growing at a CAGR of 8-10% over the past few years, driven by increasing demand from the e-commerce, FMCG, and pharmaceutical sectors.

Factors Causing the Industry to Thrive in India:

• Growing demand for sustainable and eco-friendly packaging solutions.
• Increasing adoption of e-commerce and online shopping.
• Rising demand for corrugated packaging in the pharmaceutical and healthcare sectors.
• Growing middle-class population with increasing disposable income.
• Government initiatives to promote Make in India and reduce dependence on imports.

Future Potential:

• E-commerce expansion
• Sustainable packaging trends
• Increasing online grocery shopping
• Pharmaceutical and healthcare industry growth
• Rising competition from alternative materials like plastic and bioplastics.
• Government regulations and policies on environmental sustainability and waste management.

Note: The data and figures mentioned above are approximate and sourced from various industry reports, research studies, and market analysis.

We offer below solutions to the Corrugation industry -

• Laser Perforation from MLT,
• Knifeholder, Slitting system from DIENES,
• Web Spreader Roller from Mink,
• Inspection system from DAC,
• Svecom (knifeholding shaft).