Corrugated Packaging Trends of 2023
Corrugated packaging is a popular packaging option for a wide range of products due to its strength, durability, and cost-effectiveness. In 2023, several trends are expected to shape the corrugated packaging industry:
- Sustainability
- Digital Print
- Ecommerce
- Customization
- Automation
Sustainability
The growing awareness of the environmental impact of packaging has led to an increased demand for sustainable corrugated packaging. This includes using eco-friendly materials, such as recycled paper, and designing packaging that is recyclable or biodegradable. Companies are also looking to reduce the weight of their corrugated packaging to reduce their carbon footprint. According to a study by Smithers Pira, the global market for biodegradable packaging is expected to reach $5.4 billion by 2022, growing at a compound annual growth rate (CAGR) of 17.4% from 2016 to 2022.
Digital Printing
The advancement of digital printing technology has made it possible to produce high-quality, full-color graphics on corrugated packaging. This allows for more creative and visually appealing packaging designs, which can help to attract customers and boost sales. According to a report by Technavio, the corrugated packaging market is expected to grow by $70 billion between 2021 and 2025, driven by the increasing use of digital printing.
E-commerce
The rise of e-commerce has led to an increase in demand for corrugated packaging that is specifically designed for online orders. This includes smaller, more compact packaging that can be easily shipped and handled, as well as packaging that is designed to protect products during transit. According to a report by Mordor Intelligence, the global e-commerce packaging market is expected to grow at a CAGR of 7.5% from 2020 to 2025.
Customization
Consumers are increasingly seeking out personalized products, and packaging is no exception. Companies are using corrugated packaging to create custom designs and packaging that is tailored to specific products or customers. According to a report by MarketsandMarkets.com, the global custom packaging market is expected to reach $14.8 billion by 2022, growing at a CAGR of 6.4% from 2016 to 2022.
Automation
The use of automation in the corrugated packaging industry is increasing, which can help to improve efficiency, reduce costs, and minimize waste. This includes the use of robotic systems to handle and package products, as well as software that automates the design and production process. According to a report by ResearchAndMarkets.com, the global corrugated packaging automation market is expected to grow at a CAGR of 4.5% from 2020 to 2025.
Examples of Companies that are Already Implementing These Trends
- Amazon uses a combination of automation, digital printing, and sustainable materials to produce its own corrugated packaging for its products.
- PepsiCo is using digital printing to produce customized corrugated packaging for its snack brands.
- Nestle is investing in sustainable corrugated packaging solutions, such as using 100% recycled paper and reducing the weight of its packaging.
Summary: Corrugated Packaging Trends of 2023
Overall, the corrugated packaging industry is changing, and these trends are expected to shape the industry in 2023 and beyond. Companies that can adapt to these trends will be well positioned to succeed in the market.
If you are interested in corrugated packaging, then contact Brown Packaging today to get started.
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