Corrugated Boxes Market Size, Share & Trends Analysis Report By Material (Linerboard, Medium), Printing Ink (Water-based, UV-curable, Hot melt-based, Solvent-based), Printing Technology (Digital, Flexography, Lithography), Type (Slotted Boxes, Telescope Boxes, Rigid Boxes, And Folder Boxes), End-Use Industry, By Region, And Segment Forecasts, 2024-2031

Report Id: 1682 Pages: 178 Last Updated: 03 July 2024 Format: PDF / PPT / Excel / Power BI
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Global Corrugated Boxes Market Size is valued at 65.18 billion in 2023 and is predicted to reach 91.54 billion by the year 2031 at a 4.37% CAGR during the forecast period for 2024-2031.

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 2024. 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 2023 USD 65.18 Bn
Revenue forecast in 2031 USD 91.54 Bn
Growth rate CAGR CAGR of 4.37% from 2024 to 2031
Quantitative units Representation of revenue in US$ Million, Volume (Million Square Meter), and CAGR from 2024 to 2031
Historic Year 2019 to 2023
Forecast Year 2024-2031
Report coverage The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends
Segments covered Material, Printing ink, Printing technology, Type, and End-use 
Regional scope North America; Europe; Asia Pacific; Latin America; Middle East & Africa
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.
Customization scope Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.
Pricing and available payment methods Explore pricing alternatives that are customized to your particular study requirements.

Segmentation of Corrugated Boxes Market-

Corrugated Boxes Market By Material-

  • Linerboard
  • Medium
  • Others 

 

Corrugated Boxes Market By Printing Ink-

  • Water-based Ink
  • UV-curable Ink
  • Holt melt-based Inks
  • Solvent-based Inks

Corrugated Boxes Market By Printing Technology

  • Flexography Printing
  • Lithography Printing
  • Digital Printing
  • Others

Corrugated Boxes Market By Type-

  • Slotted Box
  • Telescope Box
  • Rigid Boxes
  • Folder Boxes

Corrugated Boxes Market By End-Use Industry-

  • Food & beverages
  • Electronic goods
  • Home & personal care
  • Chemicals
  • Textile
  • Glassware & ceramics
  • Paper products
  • Others

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

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Research Design and Approach

This study employed a multi-step, mixed-method research approach that integrates:

  • Secondary research
  • Primary research
  • Data triangulation
  • Hybrid top-down and bottom-up modelling
  • Forecasting and scenario analysis

This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.

Secondary Research

Secondary research for this study involved the collection, review, and analysis of publicly available and paid data sources to build the initial fact base, understand historical market behaviour, identify data gaps, and refine the hypotheses for primary research.

Sources Consulted

Secondary data for the market study was gathered from multiple credible sources, including:

  • Government databases, regulatory bodies, and public institutions
  • International organizations (WHO, OECD, IMF, World Bank, etc.)
  • Commercial and paid databases
  • Industry associations, trade publications, and technical journals
  • Company annual reports, investor presentations, press releases, and SEC filings
  • Academic research papers, patents, and scientific literature
  • Previous market research publications and syndicated reports

These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.

Secondary Research

Primary Research

Primary research was conducted to validate secondary data, understand real-time market dynamics, capture price points and adoption trends, and verify the assumptions used in the market modelling.

Stakeholders Interviewed

Primary interviews for this study involved:

  • Manufacturers and suppliers in the market value chain
  • Distributors, channel partners, and integrators
  • End-users / customers (e.g., hospitals, labs, enterprises, consumers, etc., depending on the market)
  • Industry experts, technology specialists, consultants, and regulatory professionals
  • Senior executives (CEOs, CTOs, VPs, Directors) and product managers

Interview Process

Interviews were conducted via:

  • Structured and semi-structured questionnaires
  • Telephonic and video interactions
  • Email correspondences
  • Expert consultation sessions

Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.

Data Processing, Normalization, and Validation

All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.

The data validation process included:

  • Standardization of units (currency conversions, volume units, inflation adjustments)
  • Cross-verification of data points across multiple secondary sources
  • Normalization of inconsistent datasets
  • Identification and resolution of data gaps
  • Outlier detection and removal through algorithmic and manual checks
  • Plausibility and coherence checks across segments and geographies

This ensured that the dataset used for modelling was clean, robust, and reliable.

Market Size Estimation and Data Triangulation

Bottom-Up Approach

The bottom-up approach involved aggregating segment-level data, such as:

  • Company revenues
  • Product-level sales
  • Installed base/usage volumes
  • Adoption and penetration rates
  • Pricing analysis

This method was primarily used when detailed micro-level market data were available.

Bottom Up Approach

Top-Down Approach

The top-down approach used macro-level indicators:

  • Parent market benchmarks
  • Global/regional industry trends
  • Economic indicators (GDP, demographics, spending patterns)
  • Penetration and usage ratios

This approach was used for segments where granular data were limited or inconsistent.

Hybrid Triangulation Approach

To ensure accuracy, a triangulated hybrid model was used. This included:

  • Reconciling top-down and bottom-up estimates
  • Cross-checking revenues, volumes, and pricing assumptions
  • Incorporating expert insights to validate segment splits and adoption rates

This multi-angle validation yielded the final market size.

Forecasting Framework and Scenario Modelling

Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.

Forecasting Methods

  • Time-series modelling
  • S-curve and diffusion models (for emerging technologies)
  • Driver-based forecasting (GDP, disposable income, adoption rates, regulatory changes)
  • Price elasticity models
  • Market maturity and lifecycle-based projections

Scenario Analysis

Given inherent uncertainties, three scenarios were constructed:

  • Base-Case Scenario: Expected trajectory under current conditions
  • Optimistic Scenario: High adoption, favourable regulation, strong economic tailwinds
  • Conservative Scenario: Slow adoption, regulatory delays, economic constraints

Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.

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Frequently Asked Questions

The Global Corrugated Boxes Market Size is valued at 65.18 billion in 2023 and is predicted to reach 91.54 billion by the year 2031

Corrugated Boxes Market expected to grow at a 4.37% CAGR during the forecast period for 2024-2031

Mondi Group, International Paper, Westrock Company, DS Smith, Smurfit Kappa Group, Rengo Co. Ltd, Cascades Inc., Packaging Corporation of America
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