The global corrugated packaging market is worth $240bn in 2026 and is forecast to reach $265bn by 2031, according to a new study from Smithers. The Future of Corrugated Packaging to 2031 breaks the market down by grade, end use and geography, with five-year forecasts. The headline number is steady growth, but the study describes a market that is resetting, not simply returning.
Six forces are driving the reset
Smithers names six converging forces: automation economics, sustainability regulation, demand-side change, e-commerce growth, consolidation and geopolitics. Automation is the most measurable. Top-quartile operators run with 20-40% lower costs than bottom-quartile peers, and that gap compounds as energy and labor costs move.






