Corrugated and Paperboard Boxes Market is predicted to reach USD 388.9 Billion at a CAGR of 6.45% during the forecast period:

Corrugated and Paperboard Boxes Market is predicted to reach USD 388.9 Billion at a CAGR of 6.45% during the forecast period:

Pune, India, September, 2023/MRFR Press Release/- Market Research Future published a half cooked research report on “Global Corrugated Paperboard Boxes Market Research Report - Forecast to 2030”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2030. 



Market Research Future (MRFR) has published a cooked research report on the “Global Corrugated and Paperboard Boxes Market” that contains information from 2018 to 2032. The Corrugated and Paperboard Boxes market is estimated to register a CAGR of 6.45% during the forecast period of 2023 to 2032.


MRFR recognizes the following companies as the key players in the global Corrugated and Paperboard Boxes market — International Paper Company (U.S), Mondi Group (Austria), Oji Holding Corporation (Japan), DS Smith Plc (U.K), Smurfit Kappa Group (Ireland), Klabin S.A. (Brazil), Cascades Inc. (Canada), Georgia-Pacific Corporation (U.S), Graphic Packaging International Inc. (U.S), and Nine Dragons Paper (Holding) Limited (China).


Market Highlights


The global Corrugated and Paperboard Boxes market is accounted to register a CAGR of 6.45% during the forecast period and is estimated to reach USD 388.9 Billion by 2032.


The corrugated and paperboard boxes market comprises the manufacturing and distribution of cardboard-based containers used for packaging, shipping, and storing various products. These boxes are made from layered materials like corrugated and paperboard, offering durability, customization options, and eco-friendly attributes. The market's growth is influenced by global packaging demands across industries.


Segment Analysis


The global Corrugated and Paperboard Boxes market has been segmented based on Material, Product and Application.


On the basis of Material, the market is segmented into paperboard, adhesives, inks, and waxes. Paperboard is the most well-liked item on the list among those for the corrugated and paperboard boxes industry. Paperboard is a flexible material that is commonly used in packaging applications because of its strength, durability, and printability.


Based on Product, the global Corrugated and Paperboard Boxes market has been segmented into corrugated & solid fiber boxes, set-up paperboard boxes, and folding paperboard boxes. The most common item on the list is corrugated and solid fibre boxes, which are sold in the corrugated and paperboard boxes market. These boxes are frequently used for packing purposes across several sectors.


Based on Application, the global Corrugated and Paperboard Boxes market has been segmented into durable goods, food & beverages, paper & publishing, and chemicals. Food and drink are used more than any other product in the market for corrugated and paperboard boxes. For packaging and delivery, the food and beverage industry mainly relies on corrugated and paperboard boxes.


Regional Analysis


The global Corrugated and Paperboard Boxes market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Corrugated and Paperboard Boxes market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Corrugated and Paperboard Boxes market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Corrugated and Paperboard Boxes market comprises of Middle East, Africa, and Latin America.


Asia Pacific is well-represented in the sector. Growing demand for packaging materials like corrugated and paperboard boxes is a result of the region's robust manufacturing infrastructure, rising population, and brisk economic expansion. The expansion of e-commerce and the burgeoning retail sector in countries like China and India have increased the demand for packaging materials, driving the market in the Asia Pacific region.


Additionally, The second-largest market share belongs to the Corrugated and Paperboard Boxes market in Europe. Europe has the highest acceptability in the corrugated and paperboard box industry as a result of its strict environmental regulations, emphasis on eco-friendly packaging methods, and cutting-edge recycling and waste management infrastructure. Additionally, the UK's market for corrugated and paperboard boxes grew at the highest rate in the European region, while Germany's market had the largest market share.


Moreover, From 2023 to 2032, the market for corrugated and paperboard boxes in North America is anticipated to develop at the quickest rate. North America is the region most often associated with the corrugated and paperboard boxes market because of its enormous client base, growing industrial sector, state-of-the-art packaging technologies, and strong emphasis on sustainable practises. The need for corrugated and paperboard boxes is fueled by these elements.


Key Findings of the Study



  • The global Corrugated and Paperboard Boxes market is expected to reach USD 388.9 Billion by 2032, at a CAGR of 6.45% during the forecast period.

  • Asia Pacific is well-represented in the sector. Growing demand for packaging materials like corrugated and paperboard boxes is a result of the region's robust manufacturing infrastructure, rising population, and brisk economic expansion.

  • Based on Application, Food and drink are used more than any other product in the market for corrugated and paperboard boxes.

  • International Paper Company (U.S), Mondi Group (Austria), Oji Holding Corporation (Japan), DS Smith Plc (U.K), Smurfit Kappa Group (Ireland), Klabin S.A. (Brazil), Cascades Inc. (Canada), Georgia-Pacific Corporation (U.S), Graphic Packaging International Inc. (U.S), and Nine Dragons Paper (Holding) Limited (China).


 





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