According to the latest report by IMARC Group, titled "India Corrugated Boxes Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the India corrugated boxes market reached US$ 6.5 Billion in 2022.
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$ 12.3 Billion by 2028, exhibiting a CAGR of 10.8% during 2023-2028.
- 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.
|Base Year of the Analysis
||Material Used, End Use, Region
||North India, West and Central India, South India, East India
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