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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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