Packaging
The corrugated boxes market reached a value of US$ 203.7 Billion in 2023. As per the analysis by IMARC Group, the leading companies in the corrugated boxes industry are facing a massive demand for convenient packaging from various end-use industries to deliver their goods to their customers in proper conditions. They are also focusing on partnerships and acquisitions to strengthen their product portfolio and increase their production rates. Key manufacturers are installing efficient machinery to fulfill the demand for sustainable packaging in the food and beverage (F&B) industries. They are also introducing corrugated packaging for the e-commerce industry due to the rising online shopping activities of individuals around the world. In addition, key players are investing in increasing the number of packaging plants and hiring efficient staff to maintain the quality of their products. They are emphasizing on producing high-quality graphic boxes, which is helping them expand their geographic footprint and acquire additional graphics, designs, and structural packaging options for their customers. Key players are manufacturing corrugated boxes with greater stacking strength, shock-absorbing capabilities, and strong outer lining for storing and shipping lightweight and fragile products. Apart from this, the increasing utilization of biodegradable and recyclable packaging in the electronics and apparel industry is offering lucrative growth opportunities to key players. Looking forward, the market value is expected to reach US$ 247.9 Billion by 2032, growing at a CAGR of 2.1% during the forecast period (2024-2032).
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The global corrugated boxes market has several major players, including International Paper Company, Nine Dragons Paper (Holdings) Limited, WestRock Company, Smurfit Kappa Group, and Lee & Man Paper Manufacturing Ltd. More information about these companies has been provided below.
Establishment: |
1898 |
Headquarters: |
Memphis, Tennessee |
Website: |
https://www.internationalpaper.com/ |
International Paper Company is a fiber-based product manufacturing company that is transforming renewable resources into various end user products. It creates packaging solutions that secure and promote goods, enable worldwide commerce, and help keep products and consumers safe. It focuses on producing basic renewable materials, such as pulp for diapers, tissues, and various other personal care products, which are biodegradable and recyclable. It specializes in selling bulk, retail, and corrugated packaging, molded fiber, solid fiber, and paper bags. It also provided recycling solutions to solve complex recycling challenges.
Establishment: |
1995 |
Headquarters: |
Guangdong Province |
Website: |
http://www.ndpaper.com/en/global/home.php |
Nine Dragons Paper (Holdings) Limited is the largest paper manufacturing group worldwide in terms of production capacity and specializes in manufacturing a wide variety of environment friendly packaging paper, high-end virgin paper, and products from the upstream and downstream production chain. The company also has a sister group that has built an upstream recycled resources trading company, which is ensuring a stable supply of recycled paper as well as other raw materials. It is engaging in the production and sale of a wide array of quality packaging paperboard products, including linerboard, high-performance corrugating medium, recycled printing and writing paper, specialty paper, high-performance corrugated sheet, and top-quality corrugated box and pulp. It is also well equipped with energy cogeneration, warehouse, and logistics systems to support its production.
Establishment: |
1953 |
Headquarters: |
Atlanta, Georgia |
Website: |
https://www.westrock.com/ |
WestRock Company specializes in developing sustainable fiber-based packaging solutions with the agenda to make significant progress towards a more circular and sustainable economy. The company team comprises material scientists, packaging designers, mechanical engineers, and manufacturing experts who are utilizing leading science and technology to drive innovation in packaging. It is committed to helping and supporting the health of the planet, its community, and its customers. It produces products that are 100% reusable, compostable, and recyclable.
Establishment: |
1934 |
Headquarters: |
Dublin, Ireland |
Website: |
https://www.smurfitkappa.com/ |
Smurfit Kappa Group specializes in producing corrugated packaging and container boards produced with innovative designs and sustainable qualities. The company focuses on creating retail, industrial, and consumer packaging solutions according to the requirements of its consumers. It also produces an innovative packaging product named the Bag-in-box, which is a sustainable packaging choice for many industries, such as wine, juice, liquid eggs, dairy, and non-edible items, such as motor oil and various types of chemicals. Its bag-in-box packaging is made leakproof and is integrated with taps to effortlessly pour the inner contents. The company also combines its packaging automation experience with world-class packaging expertise to offer its customers a completely customizable packaging solution. It manufactures unique packaging materials for the e-commerce industry, which provide exactly the right support to eliminate any risk of product damage in transit and ensure all items arrive in perfect condition every time. The company also provides recycling solutions to ensure the corrugated packaging and paper availed by their customers are recycled responsibly, efficiently, and reliably. Furthermore, it owns vast forest lands globally, and its forest estate management is based on sustainable development principles for promoting economic growth and utilizing natural resources responsibly.
Establishment: |
1994 |
Headquarters: |
Dongguan, China |
Website: |
https://www.leemanpaper.com/leeman/index?lang=eng&id=0 |
Lee & Man Paper Manufacturing Ltd. has been relentless in creating a vertically integrated operation that covers pulp-making and recovered paper collection by operating with five paper mills, three tissue mills, and one pulp factory. It is dedicated to offer the best quality products at the most reasonable prices and investing in machinery and research and development (R&D) activities to produce innovative and sustainable products. It is continuously implementing appropriate measures to protect the environment and build a viable and sustainable business.
About Author:
Shree Basu Senior Content Writer at IMARC Services Private Limited Shree Basu is an experienced content writer with a passion for researching about diverse markets, ranging from technology to chemistry to agriculture. She has around two years of experience in different aspects of market research and has worked with multiple startups and enterprises in the B2B, B2C, and retail industries. In her free time, Shree enjoys reading, feeding stray animals, and watching crime documentaries. |
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