India Corrugated Boxes Market to Reach US$ 16.9 Billion by 2032, Impelled by the Thriving E-commerce Industry

April 05, 2023 | Packaging

According to the latest report by IMARC Group, titled "India Corrugated Boxes Market Report by Material Used (Recycled Corrugates, Virgin Corrugates), End Use (Food Products and Beverages, Paper Products, Electrical and Electronic Goods, Personal Care and Household Goods, Chemicals, Glassware and Ceramics, Textile Goods, and Others), and Region 2024-2032," the India corrugated boxes market size reached US$ 7.1 Billion in 2023. A corrugated box is manufactured using corrugated cardboard sheets that are widely used for packaging and transporting goods. It is composed of multi-layered paperboard sheets that are made of cellulose fibers obtained from wood. It is available in various shapes, sizes and designs, strengths, depending on their applications. A corrugated box is lightweight, flexible, biodegradable, recyclable, and cost-efficient and helps protect fragile products during transit. As compared to plastic crates, corrugated boxes offer high rigidity, strength, and durability. Besides this, they are eco-friendly and recyclable, as they are manufactured using no harmful chemicals. 

India Corrugated Boxes Market Trends:

Significant growth in the e-commerce industry is one of the key factors creating a positive outlook for the market in the region. Corrugated boxes are widely used for packaging products due to their strength, versatility, and cost-effectiveness. In line with this, the rising preference for online shopping among individuals, and the escalating demand for premium packaging solutions from the e-commerce sector, are favoring the market growth. Moreover, the widespread product adoption owing to the increasing demand for fast-moving consumer goods (FMCG) products, such as toiletries, beverages, drugs, and household items, is acting as another growth-inducing factor. Apart from this, the rising trend toward sustainable packaging solutions due to the increasing awareness among individuals about environmental hazards posed by non-biodegradable and plastic-based packaging materials is providing an impetus to the market growth. Additionally, the key players are also focusing on continual technological innovations to improve the overall production capabilities and introduce corrugated boxes with improved weatherability, chemical resistance, and dimension stability, which in turn is propelling the market growth. Furthermore, the launch of corrugated boxes in varying shapes and sizes, due to the shifting consumer preferences toward lightweight and innovative packaging materials, is providing a considerable boost to the market growth. Other factors, including increasing research and development (R&D) activities to improve sustainable properties, growing inclination toward customized packaging solutions, widespread product utilization in online food delivery services, and rising expenditure capacities of consumers, are anticipated to drive the market growth. On account of the aforementioned factors, the market value is expected to reach US$ 16.9 Billion by 2032, exhibiting a CAGR of 10.1% during 2024-2032. 

Market Summary:

  • On the basis of the material used, the market has been bifurcated into recycled and virgin corrugates. 
  • Based on the end user, the market has been classified into food products and beverages, paper products, electrical and electronic goods, personal care and household goods, chemicals, glassware and ceramics, textile goods and others.
  • On a regional basis, the market has been categorized into North, West and Central, South and East India.
  • The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Material Used, End Use, Region
Region Covered North India, West and Central India, South India, East India
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2699
Five User License: US$ 3699
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Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. 

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India Corrugated Boxes Market to Reach US$ 16.9 Billion by 2032, Impelled by the Thriving E-commerce Industry
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