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

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.

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:

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:

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.

Key Questions Answered in This Report
1. What was the size of the global corrugated boxes market in 2022?
2. What is the expected growth rate of the global corrugated boxes market during 2023-2028?
3. What are the key factors driving the global corrugated boxes market?
4. What has been the impact of COVID-19 on the global corrugated boxes market?
5. What is the breakup of the global corrugated boxes market based on the material used?
6. What is the breakup of the global corrugated boxes market based on the end use?
7. What are the key regions in the global corrugated boxes market?
8. Who are the key players/companies in the global corrugated boxes market?