Global Corrugated Box Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Corrugated Box Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Corrugated boxes are used frequently as shipping containers. Boxes need to contain the product from manufacturing through distribution to sale and sometimes end-use. Boxes provide some measure of product protection by themselves but often require inner components such as cushioning, bracing and blocking to help protect fragile contents. The shipping hazards depend largely upon the particular logistics system being employed. For example, boxes unitized into a unit load on a pallet do not encounter individual handling while boxes sorted and shipped through part of their distribution cycle as mixed loads or express carriers can receive severe shocks, kicks, and so forth

Market Overview:

The latest research study on the global Corrugated Box market finds that the global Corrugated Box market reached a value of USD 204662.32 million in 2022. It’s expected that the market will achieve USD 241022.74 million by 2028, exhibiting a CAGR of 2.76% during the forecast period.

Influence of COVID-19 Outbreak on Corrugated Box Industry Development

The epidemic will have a short-term impact on corrugated box industry, but it is relatively limited. Due to the impact of the epidemic, the production of raw materials and equipment procurement and transportation supply are difficult to be in place, and upstream enterprises affect the work schedule of downstream enterprises. Equipment manufacturing and product manufacturing enterprises in corrugated box industry are affected to different degrees, and the production and delivery work may be delayed to some extent. Meanwhile, if it fails to meet the customer's delivery time requirements according to the contract, it may lead to the customer looking for another enterprise and lose business.
The impact of COVID-19 on the corrugated box industry will involve all major links and all entities in the industry chain. The company's management efficiency has declined, commuting has been severely hindered, production plans have been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee revenue have declined. The government has also put forward higher requirements for the production and operation of enterprises. Although various industries around the world are gradually resuming work, production and demand will not pick up rapidly and substantially, and will require a certain recovery period.

Restraints

High installation costs of machinery and equipment create a backlash factor on revenue margins in the long run, restraining the global corrugated boxes market. Corrugated box manufacturing process involves multiple stages which range from designing, layout, die cutting, waste recovery, etc. and require machinery and equipment for applications such as emission control, cooking, pulp storage, etc. The installation costs incurred by the manufacturers are quite large and the machinery turns to be invariably very expensive. Also, the maintenance cost of cartoning machine is too high which, in turn, hampers profitability margins of the manufacturers. Corrugated boxes have a low strength threshold which makes them less suitable for primary packaging of goods.
The development of corrugated box industry is not balanced. Some regions have formed a complete industrial chain with a large market share, while some regions do not have mature and perfect operating chains or complete operating ecological chains, which is not conducive to the development of the industry. Some countries have backward economy and low level of science and technology, logistics and electronic retailing are also underdeveloped, making it difficult for the corrugated box industry to develop.

Region Overview:

From 2023-2028, United States is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Smurfit Kappa Group, WestRock, Packaging Corporation of America with the revenue market share of 1.695%, 1.096% and 0.998% in 2020.

Smurfit Kappa Group is the No. 1 company in Europe producing corrugated packaging, containerboard and ‘bag in box’, and Smurfit Kappa Group is the only Pan-American producer of containerboard and corrugated packaging. Smurfit Kappa Group PLC manufactures paper packaging products. The Company offers container boards, corrugated containers, and other paper-based packaging products. Smurfit Kappa Group serves clients globally.

Smurfit Kappa are truly an industry leader with 350 production sites around the world, with locations in 21 countries in Europe and 12 countries in the Americas. Smurfit Kappa Group offers an unrivalled portfolio of paper-packaging solutions, which Smurfit Kappa Group constantly updates with new, market-leading innovations.

WestRock Company provides corrugated packaging solutions. The Company offers merchandising displays, paperboard, folding cartons, kraft papers, protective packaging, and pulp. WestRock serves customers worldwide.

With operations around the world and expertise in every shopping category, WestRock focuses on working with brands to help them win across the board by providing an unbeatable portfolio of paper and packaging products. WestRock is building unbeatable packaging solutions together.

Segmentation Overview:

Among different product types, Recycled Corrugates segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Food Products and Beverages segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Corrugated Box market covered in Chapter 3:

Packaging Corporation of America
Bio-PAPPEL SAB de CV
Saica
Rossmann SAS
Buckeye Corrugated
WestRock
Archis Packaging (India)
Jainsons Packers
Smurfit Kappa Group
Sravan Corrugaters
Georgia-Pacific
SupplyOne

In Chapter 4 and Chapter 14.2, on the basis of types, the Corrugated Box market from 2018 to 2029 is primarily split into:

Recycled Corrugates
Virgin Corrugates

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Corrugated Box market from 2018 to 2029 covers:

Food Products and Beverages
Paper Products
Electrical and Electronic
Personal and Household Care
Chemicals
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)