The Corrugated Boxes Market Size was valued at USD 213.33 billion in 2023. The Corrugated Boxes industry is projected to grow from USD 225.06 billion in 2024 to USD 369.66 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.4% during the forecast period (2024–2032). The boost of the food service industry, health care, and personal care products are driving market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Corrugated box packaging is a secondary shipping box that is commonly utilized in the industrial and warehousing industries. The market is specially designed to pack items and goods for protection and effective shipment. The market was originally utilized for the industrial sector, but in recent years, it has been actively employed in the pharmaceutical, chemical, and cosmetics industries. In recent years, there has been a significant increase in the market for corrugated products.
Furthermore, the growth of the e-commerce sector and the increasing reliance on online shopping platforms for acquiring various products is fueling demand for corrugated boxes business, which provide optimum mechanical stress protection. The corrugated box manufacturers can print photorealistic images, which aids in successful marketing, brand awareness, and product promotion among consumers. Aside from that, the growing preference for innovative and ecological packaging materials presents significant growth potential for regional industry participants.
Additionally, the perception of the corrugated market and the increase in demand for food and drink are driving corrugated box sales in both developed and developing nations. Three cardboard sheets are layered one on top of the other to create the corrugated boxes, which are expertly made and offer good support and protection for fragile things. Some essential characteristics, including adaptability, toughness, environmental friendliness, and low weight, encourage potential end-user industries to employ the market. Corrugated boxes manufacturing is increasingly being preferred over other packing methods such as self-sealing boxes, plastic boxes, and retention packaging, owing to growing concerns about their sustainability in the value chain. Because corrugated material is easily recycled, it is in high demand for packaging purposes. Furthermore, retail-ready packaging saves time and money. Other benefits include its eco-friendliness and cheaper cost in comparison to other products, all of which are driving the growth of the Corrugated Boxes Market revenue.
Mondi will invest approximately EUR 280 million to increase the production of corrugated boards and cardboard by May 2025. The Czech Republic, Poland, Germany and Turkey are countries where expanded capacity will be realized alongside higher efficiency through this investment. Of that amount, EUR 185 million is earmarked for use in Central and Eastern Europe's network of Corrugated Solutions plants.
The Corrugated Boxes Market segmentation, based on type, includes Rigid Boxes, Self-Erecting Boxes, Telescope Boxes, Slotted Boxes, and Others. The sector of slotted boxes segment outperformed the market in terms of the Corrugated Boxes Market revenue. They are often made from a single sheet of corrugated board that has been sewn, taped, or glued together. The boxes are supplied directly to the user once the blank, or tray, is cut and a folding aid is installed. The user must square the box, place the item inside, and then seal the flaps to complete it. To offer enough loading strength, the product is aligned with the depth. Because it generates minimal waste during manufacture, the slotted box is a highly efficient product. It is perfect for transporting a range of objects, such as cups, mugs, and books.
September 2021 The Mondi Group extended its corrugated box production plant in Szczecin, Poland, by installing new equipment. This expansion intends to enhance the company's packaging portfolio and improve manufacturing procedures. This development is expected to boost the company's position as a preferred e-commerce packaging provider to Europe's expanding markets.
October 2021 Verzuolo has been acquired by Smurfit Kappa Group. In 2019, the company transformed a PM9 machine into a cutting-edge 661,387-ton recycled containerboard mill thanks to this acquisition. It is intended to supplement existing and strategically situated operational facilities near the Port of Savona. This is likely to benefit both the corporation and its customers.
The Corrugated Boxes Market segmentation, based on Wall Construction, includes single-Wall, double-Wall, and triple-Wall. The market for corrugated boxes was dominated by the single-wall category. Single-wall corrugated boxes scope are ideal for transporting light things because they are lightweight. Additionally, because of their versatility, they are simple to transform into any size as needed. The C flute, which is categorized as a medium-sized flute, the B flute, which is a fine flute, and the E flute, which is categorized as a micro-flute, are all compatible with this kind of board. The flute between the inner and outer liners can absorb shocks during product transportation, while the inner and outer liners offer the box structural strength. The demand for single-wall variations is anticipated to increase significantly throughout the forecast period along with the rising need for bespoke corrugated boxes. Hence, the rising demand for single wall Corrugated Boxes uses positively impacts market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst ReviewThe Corrugated Boxes Market data has been bifurcated by Application into food & beverages, consumer goods, personal care, pharmaceuticals, e-commerce, and others. The food and beverage industry is anticipated to rule the market in 2021 as corrugated boxes are being used to export fruits and vegetables and extend the shelf life of food goods. Some of the most significant subsectors in the food and beverage industry are non-perishable goods, processed foods, and organic vegetables. In the food and beverage industry, packaging is necessary for product handling, storage, and transportation. Corrugated cardboard boxes are required for delivering processed foods, perishable goods, and fragile things. Corrugated boxes are perfect for packaging, shipping, and storing food for a long time because they don't react with anything. It is critical to pick acceptable packaging materials that are also visually appealing and indicate that the item is safe when packing prepared meals. As a result, Corrugated Boxes are used to package ready-to-eat products.
December 2021 Leading market players, such as Mondi, have recently introduced a new product in their product line, Bcool box, which claims to preserve food for over hours, providing a push factor to developed countries while also establishing precedents for poorer countries that will help to foster the Corrugated Boxes industry.
By Region, the study segments the market into North America, Europe, Asia-Pacific, and the Rest of the World. Because of rising demand in the healthcare business, the corrugated boxes industry in North America is predicted to increase at a CAGR of 16% over the forecast period. In recent years, the corrugated box industry has grown due to an increase in the frequency of emergencies and government initiatives to help healthcare systems across the United States. Rising healthcare costs and consumer awareness of the healthcare sector create a lucrative opportunity for the corrugate industry's overall growth.
Further, the major countries studied are the U.S, Canada, France, UK, Italy, Spain, Japan, India, Australia, South Korea, and Brazil.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst ReviewEurope corrugated boxes market dominate the corrugated box market, and single-wall corrugated box production and consumption are increasing in the region. Due to increased demand for compact single-wall corrugated boxes, Germany Corrugated Boxes market led the European market. Furthermore, the UK Corrugated Boxes Market was the fastest-growing market in the European region.
The Asia-Pacific Corrugated Boxes Market is expected to grow at a significant CAGR from 2022 to 2030. This is due to the region's growing food and beverage, and pharmaceutical industries. Moreover, the China Corrugated Boxes Market held the largest market share, and the India Corrugated Boxes Market was the fastest-growing market in the Asia-Pacific region.
Major market players are spending a lot of money on R&D to increase their product lines, which will help the Corrugated Boxes Market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Corrugated Boxes industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
One of the primary business strategies adopted by manufacturers in the Corrugated Boxes industry to benefit clients and expand the Corrugated Boxes market sector is to manufacture locally to reduce operating costs.
Rengo Co., Ltd. announced that its Vietnamese joint venture, Vina Kraft Paper Co., Ltd., has decided to establish a new containerboard production facility. In 2019, Vietnam's total annual demand for containerboard surpassed 3 million tonnes, owing to ongoing foreign direct investment (mostly in the export sector) and rising domestic consumption. Vina Kraft Paper is ready to solidify its position as the market leader in Vietnam's containerboard industry, with the new factory geared toward long-term growth and expansion. It is also planned to transform Vietnam's domestic integrated containerboard production system into a corrugated box production system.
The Mondi Group doubled in size by adding new machinery at its packaging facility for corrugated boxes located at Szczecin, Poland during September 2021.The company evidently seeks growth of its packaging portfolio and productivity enhancements through this expansion process. The move should further strengthen its position as one of the preferred e-commerce packaging suppliers across Europe's emerging markets.
DS Smith invented fully recyclable e-commerce packaging products for Blaue Helden, available in August this year.The environmentally friendly cleaning tabs from Blaue Helden are packed with DS Smith's innovatively designed sustainable e-commerce package developed especially for online retailing that has nothing but only pure cardboard material used, which is one hundred percent corrugated without any plastic padding inside them.
In October 2021, Smurfit Kappa Group finished the purchase of Verzuolo. Consequently, the firm transformed the PM9 device to be a 661,387-ton recycled containerboard machine for the year ended December 31, 2019. It augments the already present and strategically positioned operational facilities in close proximity to the port of Savona. This is seen as advantageous to both the company and its customers.
In September 2021, Rengo Co., Ltd. reported that Vina Kraft Paper Co., Ltd., its joint venture in Vietnam, will construct a new plant to produce containerboard. With continuous overseas direct investments, mainly in the export sector, and expanding domestic market demand, the total consumption of containerboards in Vietnam annualized over three million tons by year-end 2019. The newly built mill intends for long-term development and expansion with Vina Kraft Paper becoming a prominent player in Vietnam's container board market sector. It should also enhance the local integrated system between Vietnamese corrugators and paperboard mills.
In April 2022, DS Smith a UK-based sustainable packaging provider created a corrugated cardboard box used for e-commerce shipments of medical equipment. For single-use plastic inserts wrapped in glue using packages, DS Smith has made a new corrugated cardboard box with a single material alternative.
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 213.33 billion |
| Market Size 2024 | USD 225.06 billion |
| Market Size 2032 | USD 369.66 billion |
| Compound Annual Growth Rate (CAGR) | 5.38% (2024-2032) |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2018 & 2020 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Wall Construction, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Mondi Group Plc (South Africa), International Paper Company (U.S.), WestRock Company (U.S.), DS Smith Plc (U.K.), Smurfit Kappa Group (Ireland), Rengo Co. Ltd. (Japan), Cascades Inc. (Canada), Packaging Corporation of America (U.S.), Georgia-Pacific LLC (U.S.) |
| Key Market Opportunities | Food and beverage industry is growing |
| Key Market Dynamics | Chemicals Beverages Glassware Ceramics Food Industry Textiles Personal Care Household Products |
Corrugated Boxes Market Highlights:
Frequently Asked Questions (FAQ) :
The Corrugated Boxes Market worth USD 369.66 billion by 2032.
The U.S Corrugated Boxes Market worth USD 32.65 billion by 2032.
Corrugated Boxes market grows at a CAGR of 6.4% during the forecast period.
North America region held the largest market share in the Corrugated Boxes market.
The companies such as Mondi Group Plc (South Africa), International Paper Company (U.S.), WestRock Company (U.S.), DS Smith Plc (U.K.), Smurfit Kappa Group (Ireland) are the key players in the Corrugated Boxes market.
Slotted boxes are the major type that led the Corrugated Boxes market.
Food & Beverage sector had the largest market share in the Corrugated Boxes market.
Research Analyst Experienced business professional with a demonstrated history of working in the cfnb industry. skilled in market research, and market estimation. strong professional with a masters focused in marketing management.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
