Corrugated and Paperboard Boxes Market Research Report - Forecast to 2030

Corrugated and Paperboard Boxes Market Report by Material (Paperboard, Adhesives, Inks, Waxes) by Product (Corrugated & Solid fiber boxes, Set-up Paperboard boxes, Folding Paperboard boxes) by Application (Durable goods, Food & Beverages, Paper & Publishing, Chemicals) and by Region - Global Forecast to 2030.

ID: MRFR/PNT/1112-HCR | September 2022 | Region: Global | 111 Pages         

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Corrugated and Paperboard Boxes Market overview:


 


The corrugated and paperboard boxes are manufactured on high exactitude equipment lines called corrugators, generally, it was running at about around 500 feet/min or more. These types of machines are very complex in subjective of refusing some general issues in corrugated board manufacturers like wash boarding and warp.


 


The market size of Corrugated and paperboard boxes is expected to reach USD 388.36 Billion by the year 2027 and record a CAGR of 6.45% throughout the forecast period of 2027. 


 


The market of corrugated and paperboard boxes has gone through substantial growth throughout the previous years, regarding prediction, the international corrugated and paperboard boxes market share is likely to rise at a fast pace throughout the forecast period. The increasing population and rising several incomes are the key growth driver for the market of corrugated and paperboard boxes market trend.


 


COVID 19 Analysis:


 


The coronavirus outbreaks impact almost all over the industries it also influences the growth of the Corrugated & Paperboard Boxes, the supply chain was disturbed due to the pandemic, and also it impacts rating to the Corrugated & Paperboard Boxes market size rate in various scenarios, then the measures to be accepted by Corrugated & Paperboard Boxes firms in response to the coronavirus pandemic.


 


Owing to the outbreak of the pandemic coronavirus, the corrugated & paper boxes market trend has evidenced a good hike in international sales, as customers prefer doorstep delivery of material and food, dairy products, beverages, and others. These materials come in corrugated & paper boxes packaging to evade physical touch and keep the product safe. In addition, it is simply available and less in cost and could be recycled. Hence, it is most preferable across other packaging services, providing a high growth to the market of corrugated and paper boxes. 


 


Market dynamics:


 


Market drivers:


 


The corrugated and paperboard box market is improved, but there are more opportunities for profits, exclusively in the increase of box attributes to account for many straight-customer applications and in maintaining reliability. 


 


Corrugated & paperboard boxes market used in the transportation of a board and packaging several materials and it turned extremely significant in present years owing to the fasten growth of the industry of e-commerce, which is expected to persist a principal driving element for the international corrugated & paperboard boxes market size, as it needs corrugated & paperboard boxes for carrying and saving the wide variety of materials it handles.


 


Market opportunities:


 


Amongst consumer applications, foods and beverages are the major principal customer segment of the corrugated and paperboard boxes market. It is expected to advance at a quick pace in the period of forecast. The food & beverage industry mainly uses covered unbleached boards for product packaging such as beverages, and the purpose of corrugated container boards is usually for packaging fruits, vegetables, and other food products. The increasing need for frozen foods is another factor to fuel the market demand for carton packaging.


 


Owing to the increasing demand for wood paper pulp in developing regions like India and China, the region is expected to be the ever-rising growth of the region. Additionally, the transit packaging field in China, gathered with rising consumerism, is dominant in extending demand for the corrugated & paper board boxes packaging market trend.


 


Market restraints:


 


The paper is naturally hygroscopic, surface assimilation occurs owing to humidity, adhesive level, and temperature. Though, humidity controls the stability and strength of the product which is a major restraint of corrugated board & paperboard boxes market growth. There are several shifting processes like printing, gluing, folding, and slotting.


 


Both printed or unprinted corrugated boxes didn’t have the power of other products, like metal, so it may not be the better option for extremely heavy items. obliquely pressure may root the corrugated cardboard elements turn deformed. Installation costs of equipment were very expensive and equipment affect the income margins in the fullness of time, which is hindering the international corrugated and paperboard boxes market.


 


Market challenges:


 


During the production and corrugated board printing, the influence over its humid content marked its consumer printability and properties. The humid content of corrugated board & paperboard boxes market rises throughout its various producing operations initiating from its final annihilation is done. 


 


Throughout the printing process, the low humid content basis the corrugated board and paperboard boxes to become brittle and crisp, additionally the excess moisture might result in Scumming, ink peeling, misregister, and flake in different jobs, relying on the job types, identification, and degree of completing the job. The major challenge of the corrugated & paperboard boxes market analysis found a fact that under extreme stacking or pressure, the boxes may become deformed.


 


Cumulative growth analysis:


 


The corrugated & paperboard boxes market is anticipated to have numerous new entrants across the forecast period due to constant extensions in the boxes packaging industry combined with increasing consumer choices for high power and hygiene attributes. The market growth is anticipated to have a high extension activity by international and well-started companies. The market size of Corrugated and paperboard boxes was at USD 265.22 in the year 2020 and is expected to reach USD 388.36 Billion by the year 2027 and record a CAGR of 7.45% throughout the forecast period of 2027.


 


Mergers and possession activities are expected to be observed across the forecast period. Amongst consumer applications, and foods & beverages department are the primary customer segment of the market of corrugated and paperboard boxes and are expected to advance at accelerated in the period of forecast. The food & beverage industry mainly utilizes covered unbleached boards for material packaging and beverages packaging, and corrugated holder boards for packaging boxes of fruits, vegetables, and food products. The increasing demand for frozen products is demanded high for wrapping carton packaging. 


 


Value chain analysis:


 


Corrugated boxes and paperboard boxes are considered a recyclable and reliable packaging solutions. Increasing industrialization and initiation of the delivery and supply start-up are the factor that drives the market growth of corrugated boxes & paperboard boxes over the globe. The high stipulation for corrugated boxes from the platform of online food delivery is also escalating the rise of the international corrugated boxes market growth


 


A vast application of corrugated and paper board boxes over all the major material packaging


with its huge benefits for far transportation that make an ideal packaging material. As per the application, the market is divided into durable goods, paper, and publishing, food, and beverages chemicals, etc. The durable goods dominated the growth of the market in the year 2016 and are expected to be the highest growing application across the next coming years, as an output of the rise in the international sale of home appliances, electronic goods, and other electrical materials, which has to flow into the market transformation of durable goods.


 


Segment overview:


 


Corrugated and Paperboard Boxes Market Based on Segments:


 



  • Material

  • Product

  • Application

  • Region


 


Corrugated and Paperboard Boxes Market Based on Material:


 



  • Inks

  • Adhesives

  • Waxes

  • Paperboard


 


Corrugated and Paperboard Boxes Market Based on Product:


 



  • Set-up Paperboard Boxes

  • Folding Paperboard Boxes

  • Corrugated & Solid Fiber Boxes


 


Corrugated and Paperboard Boxes Market Based on Application:


 



  • Food & Beverages

  • Durable goods

  • Chemicals

  • Paper & Publishing


 


Corrugated and Paperboard Boxes Market Based on the Region:


 



  • Europe

  • North America

  • Asia-Pacific

  • Other parts of the world


 


Regional analysis:


 


In the international corrugated boxes market, APAC is the dominant region with the largest market share in the year 2016. The rising economies like India and China with increasing populations drive the corrugated and paperboard boxes market size in the region. Another region of China is expected to have the highest market share throughout the forecast period. Constant growth in e-commerce enterprise and food & beverage sectors in the APAC region provides a valuable opportunity for the market of corrugated and paperboard boxes to bang throughout the forecast period.


 


In the region of China, the food & beverage and the sector of healthcare are the quickest growing sector that extensively uses the market of corrugated packages. The market of corrugated and paperboard boxes in the region is also increasing with the rise of the organized food sector and the rising demand for corrugated and paperboard boxes by electrical tools and machinery producers and suppliers. 


 


Competitive landscape:


 



  • 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)

  • Nine Dragons Paper (Holding) Limited (China)


 


Recent developments:


 


In the year 2019, Graphic Packaging International has advanced Keel Clip, a paperboard technique packaging service for cans that provide reliable advantages and promotes benefits as matched to other packaging choices. Keel Clip, the firm’s latest launch in corrugated and paperboard packaging services, performs better in fast-moving environments.


 


In the same year 2019, Smurfit Kappa has collaborated with company blue mats and HVC to disclose an ambitious scheme for the first full beverage box recycling plant in the region of the Netherlands. The firm Smurfit Kappa could bring long-lasting expertise in paper-renewable installations to the scheme which has been accorded a European life standard. HVC brings reliable waste collection training to the project span, Bluemats will direct and separate the aluminum and plastic.


 


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 Segments:


 



  • Material

  • Product

  • Application

  • Region


 


Based on Material:


 



  • Inks

  • Adhesives

  • Waxes

  • Paperboard


 


Based on Product:



  • Set-up Paperboard Boxes

  • Folding Paperboard Boxes

  • Corrugated & Solid Fiber Boxes


 


Based on Application:


 



  • Food & Beverages

  • Durable goods

  • Chemicals

  • Paper & Publishing


 


Based on the Region:


 



  • Europe

  • North America

  • Asia-Pacific

  • Other parts of the world



Report Scope:

Report Attribute/Metric Details
  Market Size   2030: USD 386.34 Billion
  CAGR   4.7% CAGR (2022 to 2030)
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Material, Product, and Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Mondi Group t(Austria), Georgia-Pacific Corporation (U.S.), International Paper Company (U.S.), Smurfit Kappa Group (Ireland), Graphic Packaging International, Inc. (U.S.), Cascades Inc. (Canada), DS Smith Plc (U.K.), Klabin S.A.(Brazil), Oji Holding Corporation (Japan), Nine Dragons Paper(Holding) Limited (China), Packaging Corporation of America (U.S.), Nippon Paper Industries Co. Ltd (Japan), Orora Packaging Australia Pty Ltd (Australia), Rengo Co., Ltd. (Japan), and WestRock (U.S.)
  Key Market Opportunities   New product launches and R&D amongst major key players
  Key Market Drivers   Rising population and growing per capita income


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Frequently Asked Questions (FAQ) :

Major applications of corrugated and paperboard boxes include durable goods, food and beverages, paper and publishing, and chemicals.

Rapid growth in the electronics sector is likely to be a major driver for the corrugated and paperboard boxes market.

Asia Pacific dominates the global corrugated and paperboard boxes market.

Leading players in the corrugated and paperboard boxes market include Mondi Group, Smurfit Kappa Group, and International Paper Company, among others.

The market size of Corrugated and paperboard boxes is expected to reach USD 388.36 Billion by the year 2027 and record a CAGR of 6.45% throughout the forecast period of 2027.