Singapore Corrugated Packaging Market Insights Forecasts to 2033

• The Singapore Corrugated Packaging Market Size was valued at USD 228.5 Million in 2023.
• The Market Size is growing at a CAGR of 5.48% from 2023 to 2033
• The Singapore Corrugated Packaging Market Size is expected to exceed USD 389.5 Million by 2033

The Singapore Corrugated Packaging Market Size is anticipated to exceed USD 389.5 Million by 2033, growing at a CAGR of 5.48% from 2023 to 2033. The increasing food & beverages industry, rise of e-commerce, and technological advancements are driving the growth of the corrugated packaging market in the Singapore.     

Market Overview

Corrugated packaging is a type of packaging composed of three different sheets of containerboard, which are basically like thick paperboard. The middle sheet has a rippling design, while the other two outer sheets are flat liners. They are suitable to use for producing food packaging boxes, cardboard boxes, juice boxes, milk cartons, and other objects. They also frequently used to make furniture and shipping boxes due to their thickness and rigidity. As a component of the recycling sector, corrugated packaging is made of compressed and shredded recycled cardboard, paper, sawdust, and paper waste. The use of advanced structured design techniques led to more sophisticated configurations, including multi-wall and reinforced double-wall designs in order to enhance the strength and load-bearing capacity of the boxes. Furthermore, the use of high-performance corrugated board materials such as coated paper, recycled fibers, and water-resistant coatings as well as nanocellulose offer sustainability and resilience under extreme conditions. In addition, smart packaging with IoT integration, sustainable material innovations, multi-layered & laminated corrugated boards, and improved adhesion technologies these all innovations in corrugated box manufacturing for improving product protection, cost savings, environmental sustainability, and overall efficiency in shipping and logistics are offering market opportunity.

Report Coverage

This research report categorizes the market for the Singapore corrugated packaging market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Singapore corrugated packaging market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Singapore corrugated packaging market.

Driving Factors

The demand for portable and convenient products is brought on by hectic lifestyles. Further, the increasing popularity of flexible, resealable, environmentally friendly, and sustainable product packaging formats is anticipated to drive the market. The increasing e-commerce packaging due to the rising number of smartphone users and high disposable income is significantly contributing to market growth. The technological advancement in corrugated packaging involving material science advancement and cutting-edge printing designs is escalating the market growth.

Restraining Factors

The price fluctuation and sustainability issues associated with corrugated packaging are challenging the corrugated packaging market. Further, the market availability of alternative packaging types such as flexible and plastic packaging may hamper the market growth.

Market Segmentation

The Singapore Corrugated Packaging Market share is classified into wall type, packaging type, and end use industry.

• The single wall segment is anticipated to hold the largest market share during the forecast period.

The Singapore corrugated packaging market is segmented by wall type into single wall, double wall, triple wall, and single face. Among these, the single wall segment is anticipated to hold the largest market share during the forecast period. Single-wall corrugated packaging is used because of its affordability, portability, and versatility. It is perfect for logistics and e-commerce since it lowers production and delivery expenses. The cost-effectiveness and lightweight feature of single-wall corrugated packaging is responsible for driving the market.

• The boxes segment accounted for the largest market share during the forecast period.

The Singapore corrugated packaging market is segmented by packaging type into containers, boxes, trays, sheets, and others. Among these, the boxes segment accounted for the largest market share during the forecast period. A corrugated box is not the same as a normal cardboard box, which is flat, light, and flexible. Corrugated boxes are made out of a liner and a medium rather than just one piece of cardboard. The increasing corrugated boxes demands from e-commerce sector, food & beverage industry, electronic industry, and rising disposable income are the factors responsible for driving the market in the boxes segment.

• The food & beverages segment dominated the Singapore corrugated packaging market with the largest market share in 2023.       

Based on the end use industry, the Singapore corrugated packaging market is divided into food & beverages, personal care, pharmaceuticals, electronic goods, and others. Among these, the food & beverages segment dominated the Singapore corrugated packaging market with the largest market share in 2023. Food items are protected by about 40% of corrugated packaging. Corrugated cardboard is a strong yet adaptable packaging material that keeps food and beverages safe. The increasing demand for convenient food and packaging innovation is driving the market in the food & beverages segment.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Singapore corrugated packaging market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Toppan Printing Co., Ltd.
• Bobst
• Huhtamaki
• Rengo Co. Ltd.
• SCG Packaging
• Pcl Sarnti Packaging Co., Ltd. 
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In July 2024, Wood, a consulting and engineering group, was selected by Japanese plastic manufacturer Kuraray for a $40m engineering design contract to establish a new sustainable packaging production facility in Singapore.   

Market Segment

This study forecasts revenue at Singapore, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Singapore Corrugated Packaging Market based on the below-mentioned segments:

Singapore Corrugated Packaging Market, By Wall Type

• Single Wall
• Double Wall
• Triple Wall
• Single Face

Singapore Corrugated Packaging Market, By Packaging Type

• Containers
• Boxes
• Trays
• Sheets
• Others

Singapore Corrugated Packaging Market, By End Use Industry

• Food & Beverages
• Personal Care
• Pharmaceuticals
• Electronic Goods
• Others