Corrugated boxes are popular environment-friendly boxes that are manufactured without the requirement of any harmful chemicals. Around 77% of consumers in Europe have inclined towards corrugated packaging solutions for online shopping. Approximately 57% of respondents are willing to more for customized corrugated packaging solutions.
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Data Bridge Market Research analyses that the Corrugated Box Market is expected to grow at a CAGR of 5.8% in the forecast period of 2021 to 2028 and is expected to reach USD 237,989.25 million by 2028. The increase in the demand for the eco-friendly or recycled corrugated products for packaging is escalating the growth of corrugated box market.
Increase in Use of Small and Medium-Sized Corrugated Boxes in the Food and Beverage Packaging Industry is expected to drive the market's growth rate
The rise in the application of corrugated boxes in the food packaging industry across the globe is one of the major factors driving the growth of the corrugated box market. These boxes are known to be non-toxic, thus they are ideal for the packaging of food items. Corrugated boxes are getting attention because products can be stored for longer in these boxes. The increase in demand for medium and large-sized boxes in the food industry due to the import and export of the fruits and vegetables in large quantities drives the market.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2021 to 2028
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Base Year
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2020
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Historic Years
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2019 (Customizable to 2013 - 2018)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Single-Phase Corrugated, Single Wall Corrugated Box, Double Wallboard and Triple Wallboard), Material (Recycled Corrugates and Virgin Corrugates), Flute (Type A Flute, Type B Flute, Type C Flute, Type E Flute and Type F Flute), Style (Regular Slotted Container (RSC), Full Overlap Container (FOL), Half Slotted Type, Telescope Type, Fold Type & Tray and Others), Printing (Lithography, Flexo, Digital Printing, Rotogravure, Silkscreen and Others), End-User (Food And Beverages, Household Products, Cosmetics, Healthcare & Pharmaceuticals, Personal Care, Shipping & Logistics, Electronics, Textile, E-Commerce and Others)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA)
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Market Players Covered
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Mondi (UK), WestRock Company (US), International Paper (US), Stora Enso, Rengo Co., Ltd. (Sweden), Industrial Development Company sal (Lebanon), Nine Dragons Worldwide (China) Investment Group Co., Ltd. (China), Klabin S.A. (Brazil), Cascades inc. (Canada), Neway Packaging. (US), EmenacPackaging (US), Klingele Papierwerke Gmbh & Co. Kg (Germany), Smurfit Kappa (Ireland), DS Smith (UK), Georgia-Pacific. (US), VPK Packaging Group (Belgium), Packaging Corporation of America (US), Oji Holdings Corporation (Japan), Western Container Corporation (US), Wertheimer Box Corp. (US), and Arabian Packaging Co LLC. (UAE), among others
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Data Points Covered in Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
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Segment Analysis:
The advanced wound care market is segmented on the basis of type, material, flute, style, printing and end-user.
- On the basis of type, the global corrugated box market is segmented into single-phase corrugated, single wall corrugated box, double wallboard and triple wallboard. In 2021, the single wall corrugated box segment is expected to dominate the market with 44.70% market share as they are lightweight and can easily be carried, which boosts the single wall corrugated box demand globally.
In 2021, the recycled corrugates segment is expected to account for the largest share of material segment in the corrugated box market
The recycled corrugates segment holds maximum market share in 2021 owing to its excellent strength properties and increase in its demand in various applications.
- On the basis of flute, the global corrugated box market is segmented into type A flute, type B flute, type C flute, type E flute and type F flute. In 2021, the type C flute segment is expected to dominate the market with 39.19% market share as the demand for high-quality packaging products is increasing globally.
- On the basis of style, the global corrugated box market is segmented into regular slotted container (RSC), full overlap container (FOL), half slotted type, telescope type, fold type & tray and others. In 2021, the regular slotted container (RSC) segment is expected to dominate the market with 38.63% market share as this style is more preferred for storing food products in stores, increasing its demand globally.
- On the basis of printing, the global corrugated box market is segmented into lithography, flexo, digital printing, rotogravure, silkscreen and others. In 2021, the lithography segment is expected to dominate the market with 38.63% market share as lithography lowers ink wastage during the printing, making lithography dominant in the region.
- On the basis of end-user, the global corrugated box market is segmented into food and beverages, household products, cosmetics, healthcare & pharmaceuticals, personal care, shipping & logistics, electronics, textile, e-commerce and others. In 2021, the food and beverages segment is expected to dominate the market globally with 38.05% market share as corrugated boxes are more used in exporting fruits and vegetable products, and corrugated boxes also increase the shelf life of food products.
Major Players
Data Bridge Market Research recognizes the following companies as the major corrugated box market players in corrugated box market Mondi (UK), WestRock Company (US), International Paper (US), Stora Enso, Rengo Co., Ltd. (Sweden), Industrial Development Company sal (Lebanon), Nine Dragons Worldwide (China) Investment Group Co., Ltd. (China), Klabin S.A. (Brazil), Cascades inc. (Canada), Neway Packaging. (US), EmenacPackaging (US), Klingele Papierwerke Gmbh & Co. Kg (Germany), Smurfit Kappa (Ireland), DS Smith (UK), Georgia-Pacific. (US), VPK Packaging Group (Belgium), Packaging Corporation of America (US), Oji Holdings Corporation (Japan), Western Container Corporation (US), Wertheimer Box Corp. (US), and Arabian Packaging Co LLC. (UAE), among others.
Market Development
- In December 2020, Rengo Co., Ltd. announced that its joint venture in Thailand, Thai Containers Group Co., Ltd., (TCG) had acquired 94.11% of the shares in Bien Hoa Packaging Joint Stock Company, a corrugated packaging and folding carton manufacturer located near Ho Chi Minh in Vietnam. This development helps the company to increase the global presences.
- In February 2020, Mondi joined hand with Cartro, Mexican corrugated packaging company, to produce sustainable packaging solutions. This development will help the company to increase revenue in the future.
- In 2020 October, Klabin S.A. announced the news regarding the acquisition of the units producing corrugated board and paper for packaging from International Paper in Brazil in March for USD 330.00 million. It received approval from anti-trust authority and assumes operation. This development aims to help the company in increasing the revenue and production capacity of corrugated products in the market.
- In 2019 March, WestRock Company unveiled the news regarding the expansion of their portfolio of automated packaging systems by acquiring Linkx Packaging Systems. This purpose of the development is to assist the company in increasing the revenue and production capacity.
Regional Analysis
Geographically, the countries covered in the corrugated box market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).
As per Data Bridge Market Research analysis:
Asia-Pacific (APAC) is the dominant region in corrugated box market during the forecast period
Asia-Pacific (APAC) dominated the corrugated box market owing to the increase in consumer goods demand, and growing innovations in electronics and other sectors. North America will continue to dominate the biopesticides market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the consumption of single wall corrugated box.
North America is estimated to be the fastest growing region in corrugated box market
Asia-Pacific is expected to grow during the forecast period of 2021 to 2028 due to the increase in demand of small size single wall corrugated box across food and beverage industry due to rise in awareness regarding sustainbility . In addition, increased demand for recyclable single wall corrugated box is expected to propel the market's growth rate in this region.
COVID-19 Impact Analysis
COVID-19 had a negative impact on various industries including corrugated boxes market. Both public and government sectors suffered greatly due to the facing financial crises during the outbreak of COVID-19. Businesses were shut down in numerous countries because of the social distancing guidelines and the imposition of lockdown. The corrugated boxes market adversely affected by due to the low availability of raw materials. The crisis caused disruption in the supply of raw materials that are utilized in the production of corrugated boxes in China and other major manufacturing companies in North America and Europe.
On the brighter side, corrugated boxes market is expected to witness growth in demand after the post-covid-19 situation owing to the ease on the restrictions and measures. The growing emphasis on development of recyclable boxes due to the excessive spraying activity in several countries will assist the market in regaining its pace.
Frequently Asked Questions (FAQs)
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