The Global Corrugated Boxes Market Size is valued at 62.67 billion in 2022 and is predicted to reach 90.37 billion by the year 2031 at a 4.29% CAGR during the forecast period for 2023-2031.
Corrugated boxes are disposable containers made by joining three layers of corrugated cardboard sheets together. They are lightweight, flexible, biodegradable, recyclable, and cost-effective, and they aid in the protection of fragile objects during transportation. They remain intact when exposed to unfavorable conditions such as moisture and abrupt temperature changes. Furthermore, they help to reduce the danger of microbial contamination and extend the shelf life of items. As a result, corrugated boxes are widely used in a variety of industries for effective product packaging. Furthermore, increased R&D initiatives to update and improve the chemical resistance, dimensional stability, and other qualities of corrugated boxes are broadening their applications.
However, people were not permitted to leave their homes during the lockdown in all countries, but due to an increase in consumer goods consumption, demand for e-commerce products has skyrocketed, resulting in an increased need for corrugated packaging as home delivery was the only option left for the people. The rise in online grocery stores, personal hygiene and home cleaning products, and baby supplies with home delivery services has raised the demand for corrugated packaging in all nations throughout the epidemic.
Recent Developments:
- In May 2022, Mondi announced an investment of EUR 280 million to enhance corrugated board and cardboard production. This investment will aid in the expansion of capacity and efficiency in the Czech Republic, Poland, Germany, and Turkey. EUR 185 million of this investment will proceed to the company's network of Corrugated Solutions plants in Central and Eastern Europe.
Competitive Landscape:
Some of the corrugated boxes market players are:
- Mondi Group
- International Paper
- Westrock Company
- DS Smith
- Smurfit Kappa Group
- Rengo Co. Ltd
- Cascades Inc.
- Packaging Corporation of America
- Georgia-Pacific, LLC.,
- Nine-Dragons Worldwide (China) Investment Group Co., Ltd.
- Federal Industries Corporation
- Nippon Paper Industries Co., Ltd.
- Icustomboxes
- Stora Enso
- Svenska Cellulosa Aktiebolaget
- Sappi
- Brødrene Hartmann
- Ufp Technologies
- Deluxe Packaging
- Larsen Packaging Products, Inc.
- Orcon Industries
- Trident Paper Box Industries
- Tgi Packaging Pvt. Ltd.
- Kapco Packaging
- Avon Pacfo Services Pvt. Ltd
Market Segmentation:
The corrugated boxes market is segmented based on material, printing ink, printing technology, type, and end-use. Based on material, the market is segmented as liner board, medium, and others. The printing ink segment includes water-based ink, UV-curable ink, holt melt-based inks, and solvent-based inks. By printing technology, the market is segmented into flexography, lithography, and digital printing. The type segment includes slotted boxes, telescope boxes, rigid boxes, and folder boxes. The end-use industry segment includes food & beverages, electronic goods, home & personal care, chemicals, textile, glassware & ceramics, paper products, and others.
Based On Material, The Liner Board Segment Is Accounted As A Major Contributor In The Corrugated Boxes Market
The liner board category is expected to hold a major share of the global corrugated boxes market in 2021. Due to its great strength and moisture resistance, it is utilized as an outer and intermediate ply in corrugated boxes. They are primarily used to produce high-quality color-printed corrugated boxes for the food and beverage industries, home and personal care, and other industries.
The Slotted Box Segment Witnessed Growth At A Rapid Rate
The slotted box segment is projected to grow at a rapid rate in the global corrugated boxes market. They are often constructed from a single piece of corrugated board that has been swapped, glued, and taped. The slotted box is a well-designed product that produces less waste during the manufacturing process. It is great for shipping a wide range of items, such as mugs, cups, and books.
In The Region, The Asia Pacific Corrugated Boxes Market Holds A Significant Revenue Share
Asia Pacific corrugated boxes market is expected to register the highest market share in terms of revenue in the near future. The existence of densely populated nations like China and India, as well as increasing urbanization and spending power, will assist the growth of the packaging business in the Asia Pacific and, therefore, corrugated boards. Increasing environmental consciousness and the need for greener packaging solutions in the region will propel the market forward. Furthermore, government moves in nations such as India to restrict plastic-based packaging would shift the focus to paper packaging. Foreign Direct Investments (FDIs) and investments in a variety of packaging projects in Asian countries are expected to rise rapidly. Furthermore, economic and industrial advancements in Europe would establish a solid foundation for corrugated board demand growth in the region throughout the projection period.
Corrugated Boxes Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2022 |
USD 62.67 Bn |
|
Revenue forecast in 2031 |
USD 90.37 Bn |
|
Growth rate CAGR |
CAGR of 4.29 % from 2023 to 2031 |
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Quantitative units |
Representation of revenue in US$ Million, Volume (Million Square Meter), and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
|
Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
End-User, Plastic Type, And Additive Type |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
Mondi Group, International Paper, Westrock Company, DS Smith, Smurfit Kappa Group, Rengo Co. Ltd, Cascades Inc., Packaging Corporation of America, Georgia-Pacific, LLC., and Nine-Dragons Worldwide (China) Investment Group Co., Ltd. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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