Global Corrugated Boxes Market Size By Product (Single Corrugated, Double Corrugated), By Application (Food & Beverage, Electronics & Home Appliance), By Geographic Scope And Forecast

Corrugated Boxes Market Size And Forecast

Corrugated Boxes Market size was valued at USD 65.57 Billion in 2021 and is projected to reach USD 90.40 Billion by 2030, growing at a CAGR of 3.63% from 2022 to 2030.

Hey, the Global Corrugated Boxes Market is really taking off! We're seeing a big jump in demand, especially from pharmaceutical companies all over the world. It seems like faster city growth and people having more money to spend are big reasons why. Plus, more folks are shopping online thanks to easier internet access and handy devices, and retail sales are climbing. All of this is making the Global Corrugated Boxes Market boom! If you want the inside scoop, our report gives you the full picture – digging into important areas, trends, what's helping or hurting the market, who the big players are, and all the stuff that's making a difference.

Global Corrugated Boxes Market Definition

Corrugated Boxes refer to boxes made of three different sheets of container boards or cardboards. The top and bottom sheets are flat and the middle sheet is twisted or rippled. A corrugated sheet is made by pasting these three layers with industrial-strength glue. Since these boxes have three layers, they have become increasingly popular for shipping fragile as well as different goods because of the strength and security they provide. The growing awareness against plastic has compelled market players of the end-use industries to look for alternatives that are strong but not harmful to the planet.

Corrugated boxes fulfill that purpose. It is extremely easy to print on these boxes. When produced, they are brown but can be modified and printed into a wide range of colors. These boxes can be recycled and reused as well. They are cost-effective and customizable as per the organization’s needs. Corrugated boxes offer various benefits to packaged products. These types of boxes preserve, protect, and transport a diverse range of products efficiently. The adoption of corrugated boxes is rapidly growing on account of its advantages, such as biodegradability, lightweight, and recyclability.

Furthermore, corrugated packaging consists of more than 80% of recycled content, along with additional fresh fibers obtained from the sustainably managed forests. Thus, the corrugated box is a sustainable packaging option as compared to the plastic or polymer packaging options. Consumers around the world are becoming more aware of the advantages of corrugated boxes and adopting sustainable practices. Therefore, the demand for corrugated boxes is growing during the forecasted period.

Global Corrugated Boxes Market Overview

The demand for corrugated boxes across the world is growing during the forecasted period, due to increasing online sales, plastic packaging ban in emerging countries, and the growing consumer awareness of sustainable packaging. Corrugated boxes are made from recycled materials; thus, are efficient recyclable packaging items. Corrugated boxes are renewable and reusable; thus, they can help in saving energy. These offer efficient protection for the packaged products during the logistics, delivery, and package handling process, amongst other operations.

Plus, corrugated boxes are great for the environment! They're basically made of recyclable cardboard, which is way better than using plastic. As more people worry about plastic messing up our planet and want to be more sustainable, lots of companies are trying to ditch plastic in their deliveries and are switching to these corrugated boxes. That's a big reason why the market for them is growing. Also, these boxes are light but tough! That makes them perfect for shipping fragile items that might get banged up otherwise. All this good stuff is expected to really boost the market!

Both in-person and online retail sales are on the rise globally. More and more people are jumping on the e-commerce bandwagon for buying and selling, and that's expected to continue. The Centre for Retail Research in the UK says we saw a big jump in eShoppers (online shoppers) in 2020 compared to 2019, with about 67.1% of Europe's population shopping online. According to Eurostat E-commerce Statistics, 2021, about 22% of all businesses in Europe were selling online in 2020. Of those, 16% were sticking to websites or mobile apps, while only a small number (around 3%) were using EDI-type sales. Interestingly, the remaining 3% were using both types of platforms to sell their stuff.

The rising number of e-commerce platforms, increase in disposable income of the consumers and environmental friendliness of corrugated boxes are some of the major factors driving the market. The increasing number of E-commerce platforms in the form of websites and apps have offered consumers a wide variety of options to choose from. The increasingly hectic lifestyle has forced consumers to order most of their requirements from online stores and get them delivered at a time of their convenience. In addition, the increase in disposable income has resulted in a significant increase in the number of orders placed online.

Plus, you know, some countries have actually banned plastic because certain types just can't be reused or recycled. It's a bummer, but plastic packaging waste is going up everywhere because so much of it is single-use and destined for the landfill, or worse. According to the World Bank Group report from 2016, we're talking about 242 million tons of plastic waste globally – that's like 12% of all our trash! And a huge chunk of that comes from North America, Europe, and the Asia-Pacific region. To break it down further, East Asia and the Pacific toss out 57 million tons, Europe and Central Asia add another 45 million, and North America contributes 35 million tons.

Plastic, as we all know, isn't great for the planet or our health. It sticks around for ages – seriously, thousands of years – before breaking down. Because of this growing concern about plastic packaging and the massive amounts of plastic waste everywhere, the Global Corrugated Boxes Market is expected to really take off in the coming years. However, it's not all smooth sailing. Corrugated boxes, particularly single and double-walled ones, aren't exactly known for being tough. They can't handle extreme pressure or bad weather very well, which could hold back the market's potential. Imagine your goods getting crushed or ruined because the box gave way – not ideal! So, these weaknesses might just put a damper on the growth of the Global Corrugated Boxes Market.

Global Corrugated Boxes MarketSegmentation Analysis

The Global Corrugated Boxes Market is segmented based on Product, Application, and Geography.

Corrugated Boxes Market, By Product

• Single Corrugated• Double Corrugated• Triple Corrugated

When we look at Type, the corrugated box market breaks down into Single, Double, and Triple Corrugated options. And guess what? As of 2021, Triple Corrugated Boxes are leading the pack and expected to keep the top spot. Why? Because they're tough cookies! With their triple-wall construction, these boxes are seriously hard to crush or break, making them perfect for handling all sorts of rough treatment during shipping. Think of them as the ultimate protector for even your most fragile items. What's really driving the demand? The pharmaceutical industry! They need that extra security to ensure medicines, antibiotics, vaccines, and even sensitive blood plasma fractions arrive safe and sound.

Corrugated Boxes Market, By Application

• Food & Beverage• Electronics & Home Appliance• Consumer Good• Pharmaceutical Industry• E-Commerce• Others

Based on Application, the market is segmented into Food & Beverage, Electronics & Home Appliance, Consumer goods, Pharmaceutical Industry, E-Commerce, and others. In 2021, the Pharmaceutical Industry segment has dominated the market accounting for the largest market share. However, the E-Commerce segment is growing with a higher CAGR during the forecasted period. This can be attributed to the increasing number of E-commerce platforms as well as the increasing disposable income of consumers. This has resulted in a significant increase in the number of orders placed which is responsible for E-commerce contributing to the highest market share.

Corrugated Boxes Market, By Geography

• North America• Europe• Asia Pacific• Latin America• Middle East & Africa

So, looking at where in the world corrugated boxes are used, we see a few key areasNorth America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Right now, North America is leading the way and is expected to keep growing strong, basically dominating the market for the foreseeable future. This is largely thanks to more and more stores using these boxes, especially with online shopping taking off. For example, online sales in both the United States and Canada are climbing every year. The United States really leads the pack in North America, hitting a massive USD 791.7 Billion in online sales in 2020, while Canada saw USD 28.1 Billion. That US number was about 14.0% of all retail sales in the United States that year! However, don't count out the Asia-Pacific market. It's growing super fast (with a higher CAGR!), and we expect to see some big things from that region.

Key Players

The “Global Corrugated Boxes Market” study report will provide valuable insight with an emphasis on the global market. The major players such as International Paper, WestRock (RockTenn), Smurfit Kappa Group, Rengo, Georgia-Pacific, Mondi Group, Inland Paper, Cascades, Alliabox International (Alliance), and DS Smith, amongst others, are a few major companies operating in the Corrugated Boxes Market. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In February 2022, WestRock Company announced plans to build a new corrugated box plant in Longview, Washington, to meet the growing demand from WestRock’s regional customers in the Pacific Northwest.

• In February 2022, Mondi created a fully recyclable packaging solution for Warmhaus, a Turkish producer of radiators and boilers for home heating. The new Monocorr Box is made of 100% recyclable corrugated board.

• In March 2021, International Paper purchased two state-of-the-art corrugated box plants in Spain, further growing its capabilities in Madrid and Catalonia, the largest industrial regions in the country.

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We dive deep into the market, using both numbers (quantitative) and insights (qualitative), breaking it down into segments based on things like money and even less obvious factors. You'll get market value data (in USD Billion!) for every segment and sub-segment. We'll pinpoint the region and segment poised for explosive growth and market leadership. Plus, we'll analyze each region, looking at how much of the product/service they use and what's driving their market. Check out our competitive landscape, ranking the major players and highlighting new products, partnerships, expansions, and acquisitions from the last five years. Our detailed company profiles include overviews, insights, product benchmarks, and even SWOT analysis for key players. We'll give you the current and future market outlook, covering growth opportunities, drivers, challenges, and restraints in both up-and-coming and established regions. We also provide a thorough analysis using Porter's five forces and give you insight through the Value Chain. Expect a breakdown of market dynamics, along with future growth opportunities. And don't forget, you get 6 months of analyst support after you buy!

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