United Kingdom (UK) Corrugated Board Packaging Market Size

UK Corrugated Board Packaging Market Analysis

The United Kingdom Corrugated Board Packaging Market size is estimated at USD 11.67 billion in 2024, and is expected to reach USD 14.14 billion by 2029, growing at a CAGR of 3.9% during the forecast period (2024-2029).

Corrugated packaging is found in different styles, shapes, and sizes, depending on the application. Due to its 100% recyclability and cost-effectiveness, it is widely used in the packaging industry.

• Food packaging growth and increased purchases of lightweight corrugated boxes across industries are factors driving corrugated board packaging demand. Furthermore, innovative fluting design drives market demand by providing superior printing and cost savings through effective volume utilization.
• Rising demand for sustainable packaging solutions and the growing packaging needs of e-commerce platforms are expected to drive market growth. However, the concern about the durability of corrugated board, as it gets deformed if exposed to extreme pressure or when stacked, is limiting the market's growth.
• Manufacturers of corrugated board packaging work directly with e-commerce vendors to provide more agile and customizable solutions. According to the Office of National Statistics, internet sales in the United Kingdom increased to a record 37.8% of retail sales in January 2021, before declining in the following months. This can be viewed as a diminishing effect of market stabilization.
• Several key vendors in the country are indulging in product innovation to address the rising demand for corrugated packaging solutions. For instance, in August 2021, Mondi, a company headquartered in the United Kingdom, introduced its sustainable range of corrugated packaging solutions for the online grocery market across Central Europe.
• With the outbreak of COVID-19, the demand for corrugated board packaging in the region is witnessing significant growth due to the need for transport packaging of essential products, such as packaging for food and other consumer products, medical and pharmaceutical products, tissues, and hygiene products. Further, the Russia-Ukraine war has an impact on the overall packaging ecosystem.
• Moreover, several companies are launching new corrugated packaging products to meet the requirements arising from the COVID-19 crisis. For instance, DS Smith developed special emergency provision boxes to meet the increased demand for safer home delivery in the food retail sector.