India Corrugated Board Market Size & Outlook, 2022-2030

The corrugated board market in India is expected to reach a projected revenue of US$ 13,216.0 million by 2030. A compound annual growth rate of 9.8% is expected of India corrugated board market from 2023 to 2030.
Revenue, 2022 (US$M)
$6,251.6
Forecast, 2030 (US$M)
$13,216.0
CAGR, 2023 - 2030
9.8%
Report Coverage
India

India corrugated board market highlights

  • The India corrugated board market generated a revenue of USD 6,251.6 million in 2022 and is expected to reach USD 13,216.0 million by 2030.
  • The India market is expected to grow at a CAGR of 9.8% from 2023 to 2030.
  • In terms of segment, c flute was the largest revenue generating flute type in 2022.
  • A Flute is the most lucrative flute type segment registering the fastest growth during the forecast period.


Corrugated board market data book summary

Market revenue in 2022USD 6,251.6 million
Market revenue in 2030USD 13,216.0 million
Growth rate9.8% (CAGR from 2022 to 2030)
Largest segmentC flute
Fastest growing segmentA Flute
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationA Flute, B Flute, C Flute, E Flute, F Flute
Key market players worldwideInternational Paper Co, Georgia-Pacific, WestRock Co, Packaging Corp of America, Stora Enso Oyj Ordinary Shares - Class R, Oji Holdings Corp, Smurfit Kappa Group PLC, Mondi PLC, DS Smith PLC


Other key industry trends

  • In terms of revenue, India accounted for 4.6% of the global corrugated board market in 2022.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China corrugated board market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 13,216.0 million by 2030.

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Corrugated Board Market Companies

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India corrugated board market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to corrugated board market will help companies and investors design strategic landscapes.


C flute was the largest segment with a revenue share of 30.52% in 2022. Horizon Databook has segmented the India corrugated board market based on a flute, b flute, c flute, e flute, f flute covering the revenue growth of each sub-segment from 2018 to 2030.


The country is estimated to exhibit the fastest growth over the forecast period in the regional market. Rising discretionary income and increasing per capita expenditure are the major factors expected to positively impact the fastest growth of the corrugated board market in the country.

Moreover, a requirement for superior quality packaging for use in FMCG products distributed through organized retail channels and the increasing preference for convenience foods are projected to drive the demand for a corrugated board in the country over the forecast period.

Changing lifestyles, expectations, and preferences for product purchasing with an increasing purchasing power of consumers in India are also leading to the high demand for high quality and safer packaging products, which, in turn, is likely to trigger the market.

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Horizon Databook provides a detailed overview of country-level data and insights on the India corrugated board market , including forecasts for subscribers. This country databook contains high-level insights into India corrugated board market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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India corrugated board market size, by flute type, 2018-2030 (US$M)

India Corrugated Board Market Outlook Share, 2022 & 2030 (US$M)

India corrugated board market size, by flute type, 2018-2030 (US$M)

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