Corrugated Boxes Market Size
Corrugated Boxes Market was valued at over USD 68 Billion in 2022 and is estimated to register a CAGR of over 3% between 2023 and 2032.
To get key market trends
The Perfect Fit for E-commerce and MoreCardboard Boxes' Growing Popularity Online buying has generated a great demand for robust cardboard boxes, the preferred choice for transporting everything under the sun. These boxes are the best of all worldsthey're reasonably enough to keep companies happy and robust enough to guard your valuable items throughout delivery. Still, it goes beyond mere cheapness and toughness. People and companies are seeking for less difficult packaging since they are becoming wiser about environmental protection. And what would you suppose? Made from trees—which can grow back—cardboard boxes are absolutely recyclable. Everybody gains from it. The fact that cardboard boxes are ideal for many different kinds of businesses adds still another factor driving their great demand. These boxes can carry food, medication, and gadgets as well as other items you transport. Moreover, as the retail industry is growing, companies need plenty of packaging to maintain their shelves filled and their consumers satisfied.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Corrugated Boxes Market Size in 2022 | USD 68 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 3% |
| 2032 Value Projection | Over USD 99 Billion |
| Historical Data for | 2018 - 2022 |
| No. of Pages | 220 |
| Tables, Charts & Figures | 339 |
| Segments covered | Type, box layer, technology, end-use, and region |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
The environmental effect of packaging materials presents difficulties for the market of corrugated boxes, which results in more demand for environmentally acceptable substitutes and more inspection of them. Innovations in recyclable and biodegradable packaging solutions are driven by customer tastes for environmentally conscious packaging as well as governmental pressures. Variations in raw material prices also have an impact on the corrugated sector, therefore influencing manufacturer profit margins and manufacturing costs. Players in the sector always have to find a balance between cost-effectiveness, environmental sustainability, and satisfying legal criteria.
COVID-19 Impact
The corrugated box sector suffered in several ways from the COVID-19 epidemic. The e-commerce boom and rising home deliveries during lockdowns drove an early spike in demand for corrugated packaging, but the business also suffered supply chain interruptions, labor shortages, and rising raw material and transportation prices. The epidemic highlighted in the packaging sector the need of strong and flexible supply chains. Furthermore, changes in consumer behavior—such as more online shopping—are probably going to have long-lasting consequences on the market, therefore constant adaptation and creativity in response to changing market dynamics is very necessary.
Corrugated Boxes Market Trends
Hey buddy! These days, green is everything in the cardboard box business. Businesses are substituting environmentally sustainable solutions for damaging products and practices and investing their money on them. Since more people are shopping online, more boxes are required. But these days, they're not simply plain old brown boxes. Companies are making their boxes more individualized and striking by using inventive printing and design on them. Additionally heavily influencing things is technology. Faster and less expensive manufacture follows from machines doing more of the job. From the suppliers of raw materials to the online storefronts, businesses are also cooperating more to meet evolving requirements and expectations. Basically, the cardboard box business is all about being adaptable to be ahead of the game, adopting the newest technologies, and being sustainable.
Corrugated Boxes Market Analysis
Learn more about the key segments shaping this market
The printing sector is a huge technological universe with several approaches fit for diverse purposes. Among the most often used ones are lithographic printing, flexography, and digital. Among them, flexography has been the revolutionary agent driving the market with more than 25% share in 2022. It is predicted to bring in astonishing USD 25 million by 2032. Why is flexography printing so much sought for? Efficiency and adaptability rule everything. In high volume printing, it excels handling everything from corrugated cardboard to other challenging materials. It also makes perfect for creating the corrugated packaging we see all around us since it employs flexible plates and fast-drying inks. Manufacturers may include vivid and striking designs, product information, and branding to their packaging using flexography. Flexography has also responded with UV-curable and water-based inks as the world grows more environmentally concerned, therefore enabling a gentler printing method.
Learn more about the key segments shaping this market
Imagine a supermarket bursting with food and beverages. That is the massive food and beverage industry. Actually, it comprises more than 35% of all the packaging used worldwide. For what? Since food has to be kept safe and guarded. Food and beverage firms now most often use corrugated boxes. They are robust enough to guard those delicious delicacies from squishes and bumps and tough enough to keep them safe during transit. And suppose what? Reaching a whooping $39 million in income by the year 2032, they will only get more popular in the future. It goes beyond protection, though. Companies in food and beverages likewise wish for their products to appear best. Customized, striking packaging is thus starting to be somewhat popular. On your preferred food cartons, you notice those amazing brands and designs? They serve purposes more than only decoration. They help businesses to attract our attention and differentiate their products. Not to be overlooked also is the surroundings. Corrugated boxes keep changing as we grow more environmental sensitive. Made from sustainable sources, they may be repeatedly recycled. So, the next time you grab a snack, stop to consider the magnificent corrugated box that shielded it.
Looking for region specific data?
With almost a whole 36% of the world market under control, the Asia Pacific area is the king of the corrugated box industry. Why such hegemony? The area is swiftly on a road towards economic development, which will increase industry output and frenzied consumer spending. This expansion has made corrugated boxes the preferred packaging solution for several diverse businesses. Also heavily important is Asia Pacific's explosive e-commerce market, particularly in China and India. Demand for corrugated boxes to securely ship and package those goods has matched the rise in online shopping. Growing cities and inhabitants in the area are driving increased consumerism of goods, which increases demand for corrugated boxes to carry and package such items. Furthermore, people in Asia Pacific are searching for environmentally responsible packaging solutions more and more; corrugated boxes suit the bill since they are recyclable and produced from renewable resources.
Corrugated Boxes Market Share
Leading worldwide provider of creative and ecological packaging solutions including corrugated boxes is Smurfit Kappa. Emphasizing environmentally friendly, customisable corrugated box solutions, Smurfit Kappa presents a selection of items meant to protect commodities during transportation and storage. Committed to sustainability, the company specializes in paper-based and corrugated packaging. This positions it as a major participant in the Corrugated Box market since it satisfies changing needs of companies for safe and ecologically friendly packaging solutions. The main participants in the market of corrugated boxes are
- Mondi Group
- International Paper
- WestRock Company
- DS Smith
- Smurfit Kappa group
- Rengo Co., Ltd
- Cascades Inc.
Corrugated Boxes Industry News
- In July 2021, Smurfit Kappa Group completed the acquisition of Verzuolo for a purchase price of €360 million. Customary closing conditions have now been satisfied. The PM9 machine in Verzuolo was converted into a state-of-the-art 600,000 tonne recycled containerboard machine in 2019. It is highly complementary with SKG’s existing operations, strategically located close to the port of Savona and is expected to deliver significant benefits for both the Group and its customer base.
The Corrugated boxes market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD million) and volume (units) from 2018 to 2032 for the following segments
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Corrugated Boxes Market, By Type
- Slotted Boxes
- Telescope Boxes
- Rigid Boxes
- Folder Boxes
- Others
Corrugated Boxes Market, By Box Layer
- Single Wall
- Double Wall
- Triple Wall
Corrugated Boxes Market, By Technology
- Digital Printing
- Flexography Printing
- Lithography Printing
- Other
Corrugated Boxes Market, By End-use
- Food & Beverage
- Electronics Goods
- Home & Personal Care Goods
- Chemical
- Textile Goods
- Others
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- ANZ
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- MEA
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
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