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The Corrugated Boxes Market size was valued at USD 75.71 billion in 2023. It is expected to reach USD 107.75 billion by 2032 and grow at a CAGR of 4.0% over the forecast period 2024-2032.
Corrugated Boxes market is involved the manufacturing, distribution as well of sales of corrugated boxes. Corrugated boxes are created using the three layers of paperboard, including a corrugated inner layer and flat outside layers known as liners. Corrugated boxes are useful for packaging and delivering a variety of goods because of their strength.
Corrugated box sales have increased significantly over the years as a result of the expansion of e-commerce, rising consumer demand for eco-friendly packaging options, and the expansion of sectors including electronics, and consumer products. For moving items, keeping inventory, and safeguarding commodities in transit, corrugated boxes are frequently used.
Corrugated boxes are in demand because they have replaced traditional packaging products that were being used and are eco-friendly, sustainable as well as easily recycled.
KEY DRIVERS:
Sustainability & rise in e commerce
Corrugated boxes are made using material which are recyclable and are affordable. Consumers are getting attracted to corrugated boxes because they are high sustainbale and eco friendly. As after Covid 19 there has been significant rise in the consumer buying behviour and they have shifted to e-commerce. This has led to rise in corrugated boxes market.
Increased consumer awareness
Growth of food and beverage industry and electronics.
RESTRAIN:
Lack of durability
Corrugated boxes are made from paperboards which can be damaged from moisture, water and humidity. So high maintainance is required to keep them safe from factors affecting them.
High competition from plastic packaging.
OPPORTUNITY:
Growth of e commerce sector
There has been growth in the e commerce sector which has increased the market for corrugated boxes. Since corrugates boxes are easy to handle and are cost efficient, there is growing opportunity to establish a market in this sector.
High market in Central and Eastern European Region.
CHALLENGES:
Reduce the energy consumption
Corrugated boxes production need 30 percent more energy consumption than traditional plastic packaging production. This is challenge to use less energy and also produce less green house gases.
Import of raw materials from Russian companies were stopped their was not major but minor shortage of raw materials for production which resulted in price hike. Overall cost of production was increased and resulted in downfall for market as consumers were shifting towards cost efficient and affordable packaging material. Due to war situation energy price were also increased affecting the production of corrugated boxes market.
North American companies shut down their production of raw materials which are required in production of corrugated boxes. West Rock and Packaging Corporation shut down their mills and tons of production was stopped which affected the market for corrugated boxes. Demand for corrugated boxes market depend on consumer buying behavior. During recession period consumers tend to spend less and save more resulting in downfall of the market.
Covid-19 impacted the corrugated boxes market heavily, due to rise in coronavirus cases lockdown was imposed in various regions. So demand for corrugated boxes was down. Demand for electronic products was also less which affected the market for corrugated boxes since trade restrictions were imposed. As China is major contributor in production of electronic products, gadgets. Production from China was stopped due to trade restrictions which resulted in downfall of corrugated boxes market to large extent.
On the other hand rise in e commerce industry has driven the corrugated boxes market. During the lockdown people were not allowed to move due to which there was rise in e commerce industry which ultimately resulted in the rise of market for corrugated boxes.
Overall there was downfall on the growth of corrugated boxes market in covid-19.
By Type:
Slotted Boxes
Rigid Boxes
Telescope Boxes
Self-Erecting Boxes
Others
By Product type:
Single Wall
Double Wall
Triple Wall
By Application:
Food Beverages
E Commerce
Personal Care
Consumer Goods
Pharmaceuticals
Others
Asia Pacific Region is highest in overall corrugated boxes market covering overall revenue of around 42%. This is because of consumer market of India and China having high demand and supply for this market of corrugated boxes.
Government regulations of banning plastic has also increased demand for this packaging material in countries such as India. Many investments made by foreign countries in Asian region have also increased market demand for the corrugated boxes packaging.
Over the forecast period of 2024-2031 Asian Region will show high CAGR growth in the market of corrugated boxes
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North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin American
Russian prohibition on export of pulp major Type for the corrugated boxes market, leading to shortage of 800000 metric ton in market.
Pulp prices rise to 40 percent in March.
Some major players in the corrugated boxes market industry are Mondi, West Rock Company, International Paper, DS Smith, Oji Holdings Corporation, Georgia-Pacific, Packaging Corporation of America, Smurfit Kappa, Stora Enso, Port Townsend Paper Company and other players.
| Report Attributes | Details |
| Market Size in 2023 | US$ 75.71 Bn |
| Market Size by 2032 | US$ 107.75 Bn |
| CAGR | CAGR of 4.0% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Slotted Boxes, Rigid Boxes, Telescope Boxes, Self-Erecting Boxes, Others) • By Wall Construction (Single Wall, Double Wall, Triple Wall) • By Application (Food Beverages, E-Commerce, Personal Care, Consumer Goods, Pharmaceuticals, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Mondi, West Rock Company, International Paper, DS Smith, Oji Holdings Corporation, Georgia-Pacific, Packaging Corporation of America, Smurfit Kappa, Stora Enso, Port Townsend Paper Company and other |
| Key Drivers | • Sustainability & rise in e-commerce |
| Market Opportunities | • Growth of the e-commerce sector |
Corrugated Boxes Market size was USD 75.71 billion in 2023 and is expected to Reach USD 107.75 billion by 2032.
Corrugated Boxes Market growing at a CAGR of 4% over the forecast period of 2024-2032.
Major players listed are Mondi, West Rock Company, Oji Holdings Corporation, International Paper, DS Smith, Georgia-Pacific, Packaging Corporation of America, Stora Enso, Smurfit Kappa, Port Townsend Paper Company.
Sustainability & rise in e commerce is major driver for corrugated boxes market.
To reduce the energy consumption during the production of Corrugated Boxes is the major challenge in this market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.3 Impact of Covid-19
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Corrugated Boxes Market Segmentation, By Type
8.1 Slotted Boxes
8.2 Rigid Boxes
8.3 Telescope Boxes
8.4 Self-Erecting Boxes
8.5 Others
9. Corrugated Boxes Market Segmentation, By Product Type
9.1 Single Wall
9.2 Double Wall
9.3 Triple Wall
10. Corrugated Boxes Market Segmentation, By Application
10.1 Food Beverages
10.2 E-Commerce
10.3 Personal Care
10.4 Consumer Goods
10.5 Pharmaceuticals
10.6 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Corrugated Boxes Market by Country
11.2.2 North America Corrugated Boxes Market By Type
11.2.3 North America Corrugated Boxes Market By Product Type
11.2.4 North America Corrugated Boxes Market By Application
11.2.6 USA
11.2.6.1 USA Corrugated Boxes Market By Type
11.2.6.2 USA Corrugated Boxes Market By Product Type
11.2.6.3 USA Corrugated Boxes Market By Application
11.2.7 Canada
11.2.7.1 Canada Corrugated Boxes Market By Type
11.2.7.2 Canada Corrugated Boxes Market By Product Type
11.2.7.3 Canada Corrugated Boxes Market By Application
11.2.8 Mexico
11.2.8.1 Mexico Corrugated Boxes Market By Type
11.2.8.2 Mexico Corrugated Boxes Market By Product Type
11.2.8.3 Mexico Corrugated Boxes Market By Application
11.3 Europe
11.3.1 Europe Corrugated Boxes Market by Country
1.3.3.2 Europe Corrugated Boxes Market By Type
11.3.3 Europe Corrugated Boxes Market By Product Type
11.3.4 Europe Corrugated Boxes Market By Application
11.3.6 Germany
11.3.6.1 Germany Corrugated Boxes Market By Type
11.3.6.2 Germany Corrugated Boxes Market By Product Type
11.3.6.3 Germany Corrugated Boxes Market By Application
11.3.7 UK
11.3.7.1 UK Corrugated Boxes Market By Type
11.3.7.2 UK Corrugated Boxes Market By Product Type
11.3.7.3 UK Corrugated Boxes Market By Application
11.3.8 France
11.3.8.1 France Corrugated Boxes Market By Type
11.3.8.2 France Corrugated Boxes Market By Product Type
11.3.8.3 France Corrugated Boxes Market By Application
11.3.9 Italy
11.3.9.1 Italy Corrugated Boxes Market By Type
11.3.9.2 Italy Corrugated Boxes Market By Product Type
11.3.9.3 Italy Corrugated Boxes Market By Application
11.3.10 Spain
11.3.10.1 Spain Corrugated Boxes Market By Type
11.3.10.2 Spain Corrugated Boxes Market By Product Type
11.3.10.3 Spain Corrugated Boxes Market By Application
11.3.11 The Netherlands
11.3.11.1 Netherlands Corrugated Boxes Market By Type
11.3.11.2 Netherlands Corrugated Boxes Market By Product Type
11.3.11.3 Netherlands Corrugated Boxes Market By Application
11.3.11 Rest of Europe
11.3.11.1 Rest of Europe Corrugated Boxes Market By Type
11.3.11.2 Rest of Europe Corrugated Boxes Market By Product Type
11.3.11.3 Rest of Europe Corrugated Boxes Market By Application
11.4 Asia-Pacific
11.4.1 Asia Pacific Corrugated Boxes Market by Country
11.4.2 Asia Pacific Corrugated Boxes Market By Type
11.4.3 Asia Pacific Corrugated Boxes Market By Product Type
11.4.4 Asia Pacific Corrugated Boxes Market By Application
11.4.6 Japan
11.4.6.1 Japan Corrugated Boxes Market By Type
11.4.6.2 Japan Corrugated Boxes Market By Product Type
11.4.6.3 Japan Corrugated Boxes Market By Application
11.4.7 South Korea
11.4.7.1 South Korea Corrugated Boxes Market By Type
11.4.7.2 South Korea Corrugated Boxes Market By Product Type
11.4.7.3 South Korea Corrugated Boxes Market By Application
11.4.8 China
11.4.8.1 China Corrugated Boxes Market By Type
11.4.8.2 China Corrugated Boxes Market By Product Type
11.4.8.3 China Corrugated Boxes Market By Application
11.4.9 India
11.4.9.1 India Corrugated Boxes Market By Type
11.4.9.2 India Corrugated Boxes Market By Product Type
11.4.9.3 India Corrugated Boxes Market By Application
11.4.10 Australia
11.4.10.1 Australia Corrugated Boxes Market By Type
11.4.10.2 Australia Corrugated Boxes Market By Product Type
11.4.10.3 Australia Corrugated Boxes Market By Application
11.4.11 Rest of Asia-Pacific
11.4.11.1 APAC Corrugated Boxes Market By Type
11.4.11.2 APAC Corrugated Boxes Market By Product Type
11.4.11.3 APAC Corrugated Boxes Market By Application
11.5 The Middle East & Africa
11.5.1 The Middle East & Africa Corrugated Boxes Market by Country
11.5.2 The Middle East & Africa Corrugated Boxes Market By Type
11.5.3 The Middle East & Africa Corrugated Boxes Market By Product Type
11.5.4 The Middle East & Africa Corrugated Boxes Market By Application
11.5.6 Israel
11.5.6.1 Israel Corrugated Boxes Market By Type
11.5.6.2 Israel Corrugated Boxes Market By Product Type
11.5.6.3 Israel Corrugated Boxes Market By Application
11.5.7 UAE
11.5.7.1 UAE Corrugated Boxes Market By Type
11.5.7.2 UAE Corrugated Boxes Market By Product Type
11.5.7.3 UAE Corrugated Boxes Market By Application
11.5.8 South Africa
11.5.8.1 South Africa Corrugated Boxes Market By Type
11.5.8.2 South Africa Corrugated Boxes Market By Product Type
11.5.8.3 South Africa Corrugated Boxes Market By Application
11.5.9 Rest of Middle East & Africa
11.5.9.1 Rest of Middle East & Asia Corrugated Boxes Market By Type
11.5.9.2 Rest of Middle East & Asia Corrugated Boxes Market By Product Type
11.5.9.3 Rest of Middle East & Asia Corrugated Boxes Market By Application
11.6 Latin America
11.6.1 Latin America Corrugated Boxes Market by Country
11.6.2 Latin America Corrugated Boxes Market By Type
11.6.3 Latin America Corrugated Boxes Market By Product Type
11.6.4 Latin America Corrugated Boxes Market By Application
11.6.6 Brazil
11.6.6.1 Brazil Corrugated Boxes Market By Type
11.6.6.2 Brazil Africa Corrugated Boxes Market By Product Type
11.6.6.3 Brazil Corrugated Boxes Market By Application
11.6.7 Argentina
11.6.7.1 Argentina Corrugated Boxes Market By Type
11.6.7.2 Argentina Corrugated Boxes Market By Product Type
11.6.7.3 Argentina Corrugated Boxes Market By Application
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Corrugated Boxes Market By Type
11.6.8.2 Rest of Latin America Corrugated Boxes Market By Product Type
11.6.8.3 Rest of Latin America Corrugated Boxes Market By Application
12 Company Profile
12.1 Mondi
12.1.1 Market Overview
12.1.2 Financials
12.1.3 Product/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 West Rock Company
12.2.1 Market Overview
12.2.2 Financials
12.2.3 Product/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 International Paper
12.3.1 Market Overview
12.3.2 Financials
12.3.3 Product/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 DS Smith
12.4.1 Market Overview
12.4.2 Financials
12.4.3 Product/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Oji Holdings Corporation
12.5.1 Market Overview
12.5.2 Financials
12.5.3 Product/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Georgia-Pacific
12.6.1 Market Overview
12.6.2 Financials
12.6.3 Product/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Packaging Corporation of America
12.7.1 Market Overview
12.7.2 Financials
12.7.3 Product/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Smurfit Kappa
12.8.1 Market Overview
12.8.2 Financials
12.8.3 Product/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Stora Enso
12.9.1 Market Overview
12.9.2 Financials
12.9.3 Product/Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Port Townsend Paper Company
12.10.1 Market Overview
12.10.2 Financials
12.10.3 Product/Services/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. USE Cases and Best Practices
15. Conclusion
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