Insights to the Corrugated Market
Wait another blog about corrugated?! We’ve discussed the best practices for corrugated post-print on the press floor. We’ve taught you about our photopolymer products designed for corrugated post-print including LUX ITP™ MELO , LTL, LTS, and Digital MAF…Now we will dive further into corrugated with a market outlook. The worldwide corrugated market is expected to increase approximately 3.7% CAGR to reach over 170 million tons and approach $300 billion by 2023, per Smithers Pira (1). Despite a reduced growth rate compared to other periods, corrugated print packaging has the highest share of the global print packaging market due to its widespread use in displays, packaged consumer goods, and shipments, all continuing to grow. Surprisingly, the corrugated market segment will expand more on average in emerging markets than in developed markets. Let’s take a step back and discuss the key trends driving growth in corrugated print packaging… Key Trends Driving Growth Exports and sh...