Corrugated Boxes Market - By Type (Slotted Boxes, Telescope Boxes, Rigid Boxes, Folder Boxes), By Box Layer (Single Wall, Double Wall, Triple Wall), By Technology, By End-use & Forecast, 2023 - 2032

Corrugated Boxes Market - By Type (Slotted Boxes, Telescope Boxes, Rigid Boxes, Folder Boxes), By Box Layer (Single Wall, Double Wall, Triple Wall), By Technology, By End-use & Forecast, 2023 - 2032

Corrugated Boxes Market size is expected to expand at over 3% CAGR from 2023-2032 attributed to the prevailing sustainability trends worldwide. The rising environmental consciousness is spurring several businesses to increasingly adopt corrugated boxes for their eco-friendly attributes. The growing consumer preferences and corporate responsibility is driving the shift to sustainable packaging solutions.

Furthermore, several favorable government initiatives and regulations are fostering a profitable scenario for businesses for investments and manufacturing facility expansions, further promoting the industry growth. For instance, in October 2023, Visy launched a new corrugated cardboard box facility in Australia, capable of producing up to one million boxes per day for food & beverage industries, as well as farmers and growers.

The overall industry is segmented into type, box layer, technology, end-use, and region.

Based on type, the slotted corrugated boxes market is estimated to gain significant traction at over 5% CAGR from 2023-2032. The growth is attributed to the widespread use of these boxes for shipping and storage due to their simplicity, strength, versatility, and cost-effectiveness. Furthermore, the higher need for reliable and practical packaging options across businesses is contributing to the rising demand for clotted corrugated boxes for products of different sizes and shapes.

In terms of end-use, the corrugated boxes industry from the electronics goods segment is foreseen to record steady growth by 2032. The escalating demand for electronic devices and gadgets is fueling the need for reliable and protective packaging. The versatility of corrugated packaging for accommodating various shapes and sizes of electronic goods also makes it a preferred choice for manufacturers. Additionally, the growing commitment to sustainable packaging to align with the eco-friendly nature of corrugated materials will fuel the segment expansion.

North America corrugated boxes industry is set to exhibit over 3% growth rate from 2023-2032. The rising consumer preference for online shopping and doorstep deliveries is surging the need for sturdy and reliable packaging solutions. To that end, the higher adoption of corrugated boxes for shipping a wide range of products will provide potential growth opportunities to many market participants. For instance, in September 2023, Pratt Industries and International Paper established new corrugated packaging facilities to boost their production capacity in the U.S. Additionally, the strong emphasis on sustainability is prompting several corrugated box manufacturers to invest in eco-friendly materials and processes to match the evolving consumer preferences and stringent environmental regulations, further boosting the regional industry outlook.