Corrugated Boxes Market Size, Share & Trends Analysis Report By Type (Slotted Box, Rigid Box), By Material (Linerboard, Medium), By Printing Technology, By End-use, By Region, And Segment Forecasts, 2024 - 2030

Corrugated Boxes Market Size, Share & Trends Analysis Report By Type (Slotted Box, Rigid Box), By Material (Linerboard, Medium), By Printing Technology, By End-use, By Region, And Segment Forecasts, 2024 - 2030

Corrugated Boxes Market Growth & Trends

The global corrugated boxes market size is expected to reach USD 230.64 billion by 2030, expanding at a CAGR of 5.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rise in online shopping and increasing consumption of food & beverage products along with growing exports of agricultural produce are expected to drive the demand for corrugated boxes over the forecast period.

Growing environmental awareness is driving demand for recyclable and reusable material-based packaging products This is encouraging various end-users to shift to sustainable packaging options. For instance, in November 2023, Amazon.com, Inc. or its affiliates announced that all of its deliveries would be shipped in options such as flexible paper bags, a corrugated box, and cardboard envelopes for its European market. Such developments at the end-user level can positively influence demand for corrugated boxes.

Printing technology developments are also expected to create new growth opportunities for the corrugated boxes market. The introduction of new upgraded printing equipment can help corrugated converters innovate their product offerings. For instance, in February 2023, HP PageWide C550 Press was launched by U.S.-based Hewlett-Packard (HP) for corrugated boxes printing. This new press allows to produce flexographic as well as lithographic printed corrugated boxes at a speed of 90lm/min.

In August 2023, Corrugated Partners Group which manufactures raw materials for corrugated boxes received a USD 52.7 million investment from the Pennsylvania Governor to set up a new manufacturing facility in the state. This manufacturing facility will be a 420,000-square-foot facility and will be known as Keystone Sheets producing triple-wall, double-wall, and single-wall corrugated sheets for corrugated box manufacturers.

Corrugated Boxes Market Report Highlights

• Rise in disposable incomes rise globally, particularly in developing countries drives the demand for various consumer products. Thus translating to a significant requirement for corrugated boxes for packaging in various industries.
• Buyers are increasingly prioritizing packaging solutions that are environmentally friendly, thus contributing to corrugated boxes demand. Also, there is a growing interest in using biodegradable coatings and inks to enhance the sustainability of corrugated boxes. For instance, Liquiguard, a biodegradable coating developed by GWP Coatings is used in corrugated box manufacturing to increase their moisture and oil resistance. Similarly, Smurfit Kappa produces corrugated boxes on which biodegradable water-resistant coating is applied to offer resilience and resistance to moisture.
• The fluctuations in raw material prices and the threat from flexible paper packaging pose a significant challenge to the corrugated boxes market growth.
• Digital printing technology held a smaller portion of the corrugated boxes market compared to traditional methods such as flexographic and lithographic printing technologies. Digital printing eliminates the cost of creating printing plates, making it a more economical option for smaller print quantities. However, despite its benefits, for high-volume production runs, traditional printing methods are still considered cost-effective.
• Asia Pacific dominated the global corrugated boxes market in 2023. The region is a well-established manufacturing hub for a wide range of products, including electronics, home appliances, and healthcare items. This translates to a massive demand for corrugated boxes for packaging and distribution of these goods across the globe.

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