Corrugated Boxes Market Research Report - Global Forecast 2030

Corrugated Boxes Market Research Report: Information, by Type (Rigid Boxes, Self-Erecting Boxes, Telescope Boxes, Slotted Boxes and others), by Wall Construction (Single-Wall, Double-Wall and Triple-Wall), by Application (Food & Beverages, Consumer Goods, Personal Care, Pharmaceuticals, E-Commerce and others) and by Region (North America, Europe, Asia-Pacific and the Rest of the World) - Forecast till 2030

ID: MRFR/PNT/2835-CR | October 2020 | Region: Global | 185 pages         

Corrugated Boxes Market

Corrugated Boxes Market is projected to be worth USD 278.18 billion by 2028, registering a CAGR of 5.38% during the forecast period (2021 - 2028). The market was valued at USD 186.18 billion in 2021.

Segmentation

By Type Rigid Boxes Self-Erecting Boxes Telescope Boxes Slotted Boxes Others
By Wall Construction Single-Wall Double-Wall Triple-Wall
By Application Food & Beverages Consumer Goods Personal Care Pharmaceuticals E-Commerce Others

Key Players

  • Mondi Group Plc (South Africa)
  • International Paper Company (U.S.)
  • WestRock Company (U.S.)
  • DS Smith Plc (U.K.)
  • Smurfit Kappa Group (Ireland)
  • Rengo Co. Ltd. (Japan)
  • Cascades Inc. (Canada)
  • Packaging Corporation of America (U.S.)
  • Georgia-Pacific LLC (U.S.)

Drivers

  • chemicals
  • beverages
  • glassware
  • ceramics
  • food industry
  • textiles
  • personal care
  • household products
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Corrugated Boxes Market Overview


Corrugated Boxes Market is projected to be worth USD 278.18 billion by 2028, registering a CAGR of 5.38% during the forecast period (2021 - 2028). The market was valued at USD 186.18 billion in 2021.


 


The corrugated boxes are also known as secondary shipping boxes that are used in the industrial and warehouses to pack the products and goods for protection and efficient shipment. The corrugated boxes are primarily used for bulky goods in the industrial sectors, however, they have been used for pharmaceutical, chemical, and cosmetics intensively in recent years. Also, the rising demand for personal care products is aiding the overall growth of corrugated boxes in recent years.


 


Moreover, the rising demand in the food and beverage industry is also increasing the overall growth of corrugated boxes among developed countries. The corrugated boxes are manufactured by layering three cardboard sheets upon one another that provides excellent support and protection for fragile items. Some of the key features such as flexibility, higher durability, being environmentally friendly, lightweight, and so on are propelling the potential end-user industries to utilize them and thereby increasing the overall growth of the corrugated boxes industry.


 


COVID 19 Analysis:


 


The COVID 19 has severely impacted the manufacturing operations and key business operations. The stringent regulations upon several industrial verticals and the manufacturing units have propelled them either to reduce the production rate or completely halt the operations. Such factors have disturbed the growth of the corrugated boxes industry. 


 


However the demand for medical supplies and pharmaceutical products was witnessing higher demand during the pandemic, additionally, the demand for food and beverages has also increased due to the prolonged lockdown. Such factors have propelled the overall growth corrugated boxes industry during the pandemic. Similarly, the growth in the e-commerce sector as the consumers was unable to access the retail sectors has further propelled the corrugated boxes market growth.


 


Market dynamics:


 


Market drivers:


 


The growing number of end-user industries of corrugated boxes industry such as chemicals, beverages, glassware, ceramics, food industry, textiles, personal care, household products, and significant others are considered as the major driver of corrugated boxes market growth. Moreover, the increasing demand for the products is fuelling the overall growth of the corrugated boxes industry. 


 


The growth of the e-commerce industry in recent years due to the convenience and free-shipping options and other offers such as free return policies and a wide range of collections available for the consumers are also aiding the overall growth of the corrugated boxes market growth. 


 


Market opportunities:


 


Among several end-user industries, the food and beverage industry is growing with a healthy CAGR in recent years. Especially, the rising disposable incomes in the developed regions of the world and the changing attitude of the consumers increase the demand for packaged food that presents a lucrative opportunity for the overall growth of the corrugated boxes industry during the forecast period.


 


Moreover, the e-commerce industry is experiencing strong growth on account of the convenience offered by online shopping such as free shipping options, and hassle-free delivery and return policies. As online retailers use product-specific corrugated boxes to keep items safe from mechanical stress, it is positively influencing the market growth. Apart from this, to launch improved corrugated boxes, manufacturers are investing in research and development activities. Manufacturers are introducing customized packaging to widen their consumer base and brand equity.


 


Developing countries like India are focusing on the manufacturing sectors. For instance, the plan to expand the electronic sector in India and the increased investment in the electronic sector which accounts for about USD 118 billion in the year 2020 presents a lucrative opportunity for the overall growth of the corrugated boxes industry.


 


Market restraints:


 


The fluctuating price of the raw materials used for the manufacturing of the corrugated boxes is considered as the major restraint for the corrugated boxed market growth. Especially the costs incurred for the manufacturing of the corrugated boxes used for personal care and cosmetics are comparatively higher than restricting the overall growth of the corrugated boxes industry.


 


The easier availability of the alternatives in the market, especially the corrugated plastic containers and pouches are more comfortable, attractive, and durable when compared to the corrugated boxes. Such factors are expected to hinder the corrugated boxes market growth.


 


Market challenges: 


 


The increasing preferences towards packaging that are more aesthetically pleasing are considered as the major challenge for the overall growth of the corrugated boxes industry.


 


The integration of certain features such as cushioning effect, a rigidity that supports the bumpy transit incur huge financial stress upon the manufacturers and are considered a huge challenge. Meeting the demand of every end-user industry with varied features is also stressing the overall growth of the corrugated boxes industry in recent times.


 


Cumulative growth analysis:


 


The increasing demand of the end-user industries such as the pharmaceutical industry, personal care, electronics, furniture, and significant consumer goods in recent years is fuelling the corrugated boxes market demand. The manufacturers of corrugated boxes are increasingly focusing on producing sustainable and recyclable packaging that is aiding the corrugated boxes market growth. On the other hand, the rising trend of e-commerce due to the convenience and busy lifestyle of the consumers are considered as the major driver of the corrugated boxes market growth. 


 


Additionally, the customized corrugated boxes according to the application such as paper packaging solutions are efficiently replacing the plastics in the packaging and thereby eliminate the environmental impacts. Such factors add more value to the products and the packaging industries. Therefore the market size is expected to have substantial growth during the forecast period. The market value of the corrugated boxes industry was was valued at USD 186.18 billion in 2021 and it is projected to be worth USD 278.18 billion by 2028, registering a CAGR of 5.38% during the forecast period (2021 - 2028).


 


Value chain analysis:


 


The growth of the corrugated boxes industry is highly reliant on the growth of e-commerce across the globe, as several retail sectors and consumer goods prefer corrugated boxes for the packaging and cater to a wide range of end-user industries such as food, beverages, cosmetics, pharmaceutical, and so on. The potential benefits such as convenient packaging consuming minimal storage space when they are not utilized and enhanced protection of the fragile packaging are increasing the overall growth of the corrugated boxes industry. Moreover, the advent of corrugated containers that are reusable and sustainable is gaining momentum among major manufac


turing industries in developed regions. Similarly, the availability of corrugated crates and cardboard packaging with varied sizes starting from the small packaging for the pharmaceutical to the personal care products and so on are increased the corrugated boxes market demand in recent years.


 


Segment overview:


 


Based on Material Used:



  • Recycled Corrugates

  • Virgin Corrugates


 


Based on Type:


 



  • Slotted boxes

  • Telescope boxes

  • Rigid boxes

  • Folder boxes


 


Based on Printing Ink:


 



  • Water-based ink

  • UV-curable based ink

  • Solvent-based ink

  • Hot-melt-based ink


 


Based on Printing Technology:


 



  • Digital printing

  • Flexographic printing

  • Lithography printing

  • Screen

  • Gravure

  • Offset printing technologies


 


Based on Material:


 



  • Linerboard

  • Medium

  • starch-based adhesives

  • wax


 


Based on End-use Industry:


 



  • Food & beverage

  • Electronic goods

  • Home & personal care goods

  • Chemicals

  • Textile goods

  • Paper products

  • Pharmaceuticals

  • Rubber

  • Tobacco


 


Regional analysis:


 


North America is expected to witness healthy growth with a CAGR of 16% in the corrugated boxes industry during the forecast period, owing to the increasing demand in the healthcare industry. The rising number of emergencies and the government initiatives to support the healthcare systems available across the US are projecting the corrugated boxes market growth in recent years. The increasing healthcare expenses and consumer awareness regarding the health care sector are presenting a lucrative opportunity for the overall growth of the corrugated boxes industry.


 


Competitive landscape:


 



  • Mondi Group Plc (South Africa)

  • International Paper Company (U.S.)

  • WestRock Company (U.S.)

  • DS Smith Plc (U.K.)

  • Smurfit Kappa Group (Ireland)

  • Rengo Co. Ltd. (Japan)

  • KapStone Paper and Packaging Corporation (U.S.)

  • Cascades Inc. (Canada)

  • Packaging Corporation of America (U.S.)

  • Georgia-Pacific LLC (U.S.)


 


Recent developments:


 


In the year 2021, one of the leading market players, Smurfit Kappa Group LLC has declared their decision on the expansion of the industry, which is the opening of their new e-commerce enabled corrugated packaging laboratory. This expansion is planned to test and launch their novel solutions with the ISTA certification across the United Kingdom.


 


In the year 2021, one of the leading market players, Mondi has introduced a new product in their product portfolio, which is named as BcoolBox that is considered the most sustainable and is suitable to pack fresh food and produce. The addition of thermo-insulation in the box maintains the temperature of the box and ensures freshness for over 24 hours. 


 


Report overview:


 


This report has covered:



  • Market overview

  • COVID 19 Analysis

  • Market dynamics

  • Cumulative growth analysis

  • Value chain analysis

  • Segment overview

  • Regional analysis

  • Competitive landscape

  • Recent developments


 


Segmentation Table:


 


Based on Material Used:



  • Recycled Corrugates

  • Virgin Corrugates


 


Based on Type:


 



  • Slotted boxes

  • Telescope boxes

  • Rigid boxes

  • Folder boxes


 


Based on Printing Ink:


 



  • Water-based ink

  • UV-curable based ink

  • Solvent-based ink

  • Hot-melt-based ink


 


Based on Printing Technology:


 



  • Digital printing

  • Flexographic printing

  • Lithography printing

  • Screen

  • Gravure

  • Offset printing technologies


 


Based on Material:


 



  • Linerboard

  • Medium

  • starch-based adhesives

  • wax


 


Based on End-use Industry:


 



  • Food & beverage

  • Electronic goods

  • Home & personal care goods

  • Chemicals

  • Textile goods

  • Paper products

  • Pharmaceuticals

  • Rubber

  • Tobacco



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2028: USD 278.18 Billion
  • 2030 : Significant value
  •   CAGR   5.38% CAGR (2022-2030)
      Base Year   2021
      Forecast Period    2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Type, Wall Construction , Application
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Packaging Corporation of America, Archis Packaging (India) Pvt. Ltd, Europac Group, Mondi Group, International Paper, Orora Packaging Australia Pty Ltd, DS Smith, Smurfit Kappa Group, Georgia-Pacific LLC.
      Key Market Opportunities   Rapid growth in the food and beverages and the pharmaceutical industry
      Key Market Drivers   Rapid growth in online food retailing


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    Frequently Asked Questions (FAQ) :

    The market growth rate in the coming years can be 5.38%.

    The global market is expected to reach a valuation of USD 278.18 billion by 2030.

    The significant vendors in the worldwide market are WestRock, Packaging Corporation of America, International Paper, Georgia-Pacific LLC, DS Smith, Mondi Group, Smurfit Kappa Group, Europac Group, Orora Packaging Australia Pty Ltd, Nefab Group, Archis Packaging (India) Pvt. Ltd, and others.

    • Food & beverage • Electronic goods • Home & personal care goods • Chemicals • Textile goods • Paper products • Pharmaceuticals • Rubber • Tobacco

    • Mondi Group Plc (South Africa) • International Paper Company (U.S.) • WestRock Company (U.S.) • DS Smith Plc (U.K.) • Smurfit Kappa Group (Ireland) • Rengo Co. Ltd. (Japan) • KapStone Paper and Packaging Corporation (U.S.)

    • Digital printing • Flexographic printing • Lithography printing • Screen • Gravure • Offset printing technologies

    • Slotted boxes • Telescope boxes • Rigid boxes • Folder boxes