Chipboard Packaging Market Report 2024

The chipboard packaging market size has grown strongly in recent years. It will grow from $11.19 billion in 2023 to $12.17 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth during the historic period can be attributed to factors such as the industrial revolution, the expansion of consumer goods markets, growing environmental consciousness, and the rise of globalization and rapid urbanization.

The chipboard packaging market size is expected to see strong growth in the next few years. It will grow to $17.14 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to the expansion of retail chains, the surge in e-commerce activities, the growing adoption of chipboard packaging in the food and beverage industry, rising disposable incomes, and increasing demand for sustainable packaging solutions. Major trends anticipated in this period include advancements in printing technologies, technological innovations in chipboard manufacturing processes, product development, the evolution of retail-ready packaging (RRP), and enhancements in supply chain logistics.

The chipboard packaging market is poised for growth, driven by the expanding reach of e-commerce. E-commerce involves the online buying and selling of goods or services, facilitated by digital transactions and internet platforms. This growth is fueled by factors such as increased social media usage, the convenience of personalized shopping experiences online, and the ability to compare products and prices easily. Chipboard packaging plays a crucial role in e-commerce by providing lightweight, protective, and environmentally friendly packaging solutions for shipping products to customers. For example, the United States Census Bureau reported in May 2024 that U.S. retail e-commerce sales for the first quarter of 2024 reached $289.2 billion, indicating a 2.1 percent (±0.7%) increase from the fourth quarter of 2023, underscoring the significant impact of e-commerce on the chipboard packaging market.

Leading companies in the chipboard packaging sector are concentrating on advancing their technological capabilities, particularly through packaging platforms designed to enhance customer service and operational efficiency. Packaging platforms refer to systems or frameworks utilized by companies to streamline and optimize their packaging processes. For instance, Amcor Plc, an Australia-based packaging leader, introduced the AmFiber platform in January 2022. This platform is distinguished by its ability to upgrade conventional paper packaging, offering enhanced features and functional advantages tailored to specific material requirements. Amcor’s commitment to consumer-centric innovation underscores its dedication to delivering high-quality packaging technology.

In November 2023, Sonoco Products Company, a prominent U.S.-based provider of consumer packaging solutions, acquired RTS Packaging LLC for $330 million. This acquisition enhances Sonoco’s capabilities in 100% recycled fiber-based packaging solutions, reinforcing its position in sectors such as consumer wine, spirits, food, beauty, and healthcare. RTS Packaging LLC specializes in manufacturing chipboard packaging and aligns with Sonoco’s strategy to meet the growing demands of diverse markets.

Major companies operating in the chipboard packaging market are Graphic Packaging International LLC, Mayr-Melnhof Karton AG, Elopak, Great Northern Corp., RTS Packaging LLC, Associated Bag Co., Deluxe Packaging Inc., PakFactory Inc., Carton Service Inc., Neway Packaging Corporation, Alpha Packaging Inc., Riverside Paper Co. Inc., Peek Packaging Inc., Ameripak CO., Stamar Packaging Inc., Multicell Packaging Inc., Mankato Packaging Co., Quality Support LLC, Imperial Printing & Paper Box Mfg. Co., Romiley Board Mill, Canpaco Inc., Classic Packaging Corp., Complete Finishings Inc., Imperial Paper Company, Marion Paper Box Company.

North America was the largest region in the chipboard packaging market in 2023. The regions covered in the chipboard packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the chipboard packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Chipboard packaging refers to packaging materials crafted from compressed layers of paper or cardboard. Typically, it is produced by pulping recycled paper waste, compressing it, and bonding it together to form a sturdy sheet. Chipboard packaging finds widespread use in products such as cereal boxes, shoe boxes, and various types of retail packaging. It offers a lightweight yet robust solution for safeguarding and presenting goods during shipping and display.

The primary types of chipboard packaging products include folding cartons, rigid boxes, inserts and dividers, display packaging, specialized packaging, and chipboard pads. A folding carton is a paperboard container used to package a variety of goods such as food, retail items, cosmetics, and electronics. These cartons are available in both brown and white varieties and are utilized across industries including food and beverage, pharmaceuticals, electronics, jewelry, cosmetics, personal care, household goods, and decorative items.

The chipboard packaging market research report is one of a series of new reports that provides chipboard packaging market statistics, including chipboard packaging industry global market size, regional shares, competitors with a chipboard packaging market share, detailed chipboard packaging market segments, market trends and opportunities, and any further data you may need to thrive in the chipboard packaging industry. This chipboard packaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The chipboard packaging market consists of sales of tissue boxes, milk and juice cartons, and cracker boxes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.