The demand for corrugated boxes globally is anticipated to record a CAGR of 4.3% during the period from 2023 to 2033. The corrugated box market valuation is expected to grow from US$ 140.4 billion in 2023 to US$ 213.9 billion in 2033. This growth is attributed to the increasing demand for corrugated boxes from various end-use industries, such as food and beverages, healthcare, and e-commerce.
To kickstart our exploration, let’s first understand what corrugated boxes are and why they are so widely used. Corrugated boxes are made from corrugated fiberboard, a material consisting of a fluted corrugated sheet sandwiched between two flat linerboards. This unique construction provides the boxes with enhanced strength and rigidity, making them ideal for shipping and storing various goods.
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The Major Key Payers Are:
- Mondi Group Plc
- Bee Packaging
- DS Smith Packaging Limited
- Oji Holdings Corporation
- Smurfit Kappa Group Plc
- International Paper Company
- others
Corrugated Box Market Trends and Growth Factors
The corrugated box market has experienced remarkable growth in recent years, and this upward trajectory is expected to continue in the foreseeable future. Let’s explore some key trends and growth factors driving the expansion of this industry:
1. E-commerce Boom
The exponential growth of e-commerce has revolutionized the retail landscape, leading to a surge in demand for corrugated boxes. As online shopping becomes increasingly popular, businesses require robust packaging solutions to ensure safe and efficient delivery of products to customers’ doorsteps.
2. Growing Awareness of Sustainability
In an era marked by increasing environmental consciousness, corrugated boxes have gained favor due to their sustainable attributes. Businesses and consumers alike are gravitating towards eco-friendly packaging options, propelling the demand for corrugated boxes in various industries.
3. Advancements in Printing Technology
Technological advancements have revolutionized the printing capabilities for corrugated boxes. High-quality graphics, vibrant colors, and intricate designs can now be effortlessly printed on these boxes, allowing companies to enhance their branding efforts and create visually appealing packaging.
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Key segments
By Material Type:
- Virgin
- Recycled
By Board type:
- Single Face Board
- Single Wall Board
- Double Wall Board
- Triple Wall Board
By Grade type:
- Liner
- Fluting Medium
By Product Type:
- Slotted Box
- Folder Box
- Telescope Box
- Die-Cut Box
By End Use:
- Food
- Beverages
- Electricals & Electronics
- Healthcare
- Textiles & Apparels
- E-commerce
- Building & Construction
- Personal Care & Cosmetics
- Chemical & Fertilizers
- Others
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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