Corrugated Boxes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Corrugated Boxes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A67
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Market Overview 2023-2028:

The global corrugated boxes market size reached US$ 198.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 229.9 Billion by 2028, exhibiting a growth rate (CAGR) of 2.38% during 2023-2028.

Corrugated boxes are disposable containers manufactured by assembling three layers of corrugated cardboard sheets. They are lightweight, flexible, biodegradable, recyclable, and cost-efficient and help protect fragile products during transit. They remain intact when exposed to unfavorable conditions, such as moisture and sudden temperature change. In addition, they help minimize the risk of microbiological contamination and enhance the shelf life of products. As a result, corrugated boxes find extensive applications in various industries for the effective packaging of products.

 

 
 

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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Corrugated Boxes Market Trends:

The increasing demand for convenient shipping and packaging boxes across different end-use industries, including electronics, healthcare, chemicals, logistics, and food and beverage (F&B), represents one of the key factors positively influencing the market. In addition, the expansion of the e-commerce sector and the rising reliance on online shopping platforms for purchasing different products are catalyzing the demand for corrugated boxes as they provide optimal safety from mechanical stress. The corrugated boxes are capable of photorealistic image printing, which assists in effective marketing, creating brand awareness, and promoting products among global consumers. Apart from this, the rising preference for innovative and sustainable packaging materials is offering lucrative growth opportunities to industry players operating in the region. Additionally, the increasing awareness among individuals about environmental hazards posed by non-biodegradable and plastic-based packaging materials is escalating the demand for corrugated boxes across the globe. Moreover, leading players are continuously investing in research and development (R&D) activities to enhance the sustainable properties, chemical resistance, and dimension stability of these boxes.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global corrugated boxes market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on material used and end use.

Breakup by Material Used:

 

 
 

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  • Recycled Corrugates
  • Virgin Corrugates


Currently, recycled corrugates account for the majority of the total market share. This can be accredited to their extensive usage in the packaging of lightweight products like cosmetics, consumer electronics and fast-food items.

Breakup by End Use:

  • Food Products and Beverages
  • Paper Products
  • Electrical and Electronic Goods
  • Personal Care and Household Goods
  • Chemicals
  • Glassware and Ceramics
  • Textile Goods
  • Others


The report finds that food products and beverages currently represent the largest end use segment of corrugated boxes. This can be attributed to the advantages offered by these boxes which include lightweight, structural rigidity and cushioning effect.

Regional Insights:

 

 
 

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  • Asia Pacific
  • Europe
  • North America
  • Latin America
  • Middle East and Africa


On the geographical front, Asia Pacific enjoys the leading position in the global corrugated boxes industry on account of a large consumer base and rapid economic development in countries such as China and India.

Competitive Landscape:

The market is fragmented in nature with the presence of several small and large manufacturers who compete against one another in terms of prices and quality. Some of the key players operating in the market are:

  • International Paper Company
  • Nine Dragons Worldwide (China) Investment Group Co., Ltd.
  • WestRock Company
  • Smurfit Kappa Group plc
  • Lee and Man Paper Manufacturing Ltd.
     

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion, Billion Sq. Meters
Segment Coverage Material Used, End Use, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered International Paper Company, Nine Dragons Worldwide (China) Investment Group Co., Ltd., WestRock Company, Smurfit Kappa Group plc and Lee and Man Paper Manufacturing Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
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)

Key Questions Answered in This Report

The global corrugated boxes market was valued at US$ 198.8 Billion in 2022.

We expect the global corrugated boxes market to exhibit a CAGR of 2.38% during 2023-2028.

The emerging trend of customized packaging, along with the introduction of product-specific corrugated boxes that keep items safe from mechanical stress, is primarily driving the global corrugated boxes market.

The sudden outbreak of the COVID-19 pandemic has led to increasing demand of corrugated boxes, owing to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of goods.

Based on the material used, the global corrugated boxes market has been segmented into recycled corrugates and virgin corrugates. Currently, recycled corrugates exhibit a clear dominance in the market.

Based on the end use, the global corrugated boxes market can be categorized into food products and beverages, paper products, electrical and electronic goods, personal care and household goods, chemicals, glassware and ceramics, textile goods, and others. Among these, food products and beverages account for the largest market share.

On a regional level, the market has been classified into Asia Pacific, Europe, North America, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.

Some of the major players in the global corrugated boxes market include International Paper Company, Nine Dragons Worldwide (China) Investment Group Co., Ltd., WestRock Company, Smurfit Kappa Group plc, Lee and Man Paper Manufacturing Ltd, etc.

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Corrugated Boxes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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