Corrugated Boxes Market

The Exactitude Consultancy has updated its global market reports with latest data for 2024 and projections up to 2030

LUTON, BEDFORDSHIRE, UNITED KINGDOM, March 5, 2024 /EINPresswire.com/ -- This information is provided by Exactitude Consultancy, in its report titled, “Corrugated Boxes Market, 2024-2030.”

The Corrugated boxes market is expected to grow at 3.5 % CAGR from 2024-2030. It is expected to reach above USD 86.48 billion by 2030 from USD 63.45 billion in 2023. Corrugated boxes are a type of packaging commonly used in the shipping and storage industry. They are made from a versatile material called corrugated cardboard, which consists of three layers of paper, two flat liner boards on the outside, and a wavy fluted layer in the middle. This unique construction provides strength, rigidity, and protection to the boxes. The fluted layer in corrugated boxes acts as a cushioning agent, absorbing shocks and impacts during handling and transportation, making them highly suitable for packaging delicate and fragile items, such as glassware, electronics, or ceramics, providing a protective barrier against potential damage. Additionally, they are available in various shapes and sizes, from standard rectangular cartons to custom-designed packaging solutions. They can also be easily customized to meet specific requirements, allowing for efficient utilization of space and optimization of product protection.

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Competitive Landscape

The Corrugated Boxes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Corrugated Boxes market.

Leading Key players included in this Report are:

Major players in the Corrugated Boxes Market are identified through secondary research and their market revenues determined through primary and secondary research are: International Paper Company, WestRock Company, Smurfit Kappa Group, Georgia-Pacific LLC, DS Smith PLC, Packaging Corporation of America, Mondi Group, Oji Holdings Corporation, Nine Dragons Paper (Holdings) Limited, and Lee & Man Paper Manufacturing Ltd. and Others.

Recent News

September 12, 2022; WestRock Company, a leading provider of sustainable paper and packaging solutions announced an expansion of its CanCollar^® family of multipack solutions with the introduction of CanCollar^® X, a fiber-based solution for sustainable large format canned beverage packaging enabling as much as fifty percent material reduction compared to fully-enclosed traditional packaging.

February 28, 2023; Smurfit Kappa invested €27 million in a state-of-the-art new waste management and recovery facility at its Nervión paper mill in Iurreta, Spain. The investment saw the mill adopt a fully circular production process involving the biggest landfill reduction project Smurfit Kappa undertaken to date to support the delivery of its 2025 sustainability commitments.

Corrugated Boxes Market Segmentation:

Corrugated Boxes Market by Type, 2020-2029, (USD Billion), (Thousand Units)

Slotted Boxes

Telescope Boxes

Rigid Boxes

Folder Boxes

Corrugated Boxes Market by Material, 2020-2029, (USD Billion), (Thousand Units)

Linerboard

Medium

Corrugated Boxes Market by Printing Ink, 2020-2029, (USD Billion), (Thousand Units)

Water-Based

Uv-Curable

Hot Melt-Based

Solvent-Based

Corrugated Boxes Market by Printing Ink, 2020-2029, (USD Billion), (Thousand Units)

Digital

Flexography

Lithography

Corrugated Boxes Market by End-Use Industry, 2020-2029, (USD Billion), (Thousand Units)

Food & Beverages

Electronic Goods

Home & Personal Care Goods

Regional Outlook:

◘ North America (United States, Canada, and Mexico)

◘ Europe (Germany, France, UK, Russia, and Italy)

◘ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

◘ South America (Brazil, Argentina, Colombia, etc.)

◘ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

The Asia-Pacific corrugated boxes market is the largest market for connected aircraft globally due to several factors The Asia Pacific corrugated boxes market is expected to witness significant growth during the forecast period, driven by the increasing demand for e-commerce and the rising need for sustainable packaging solutions. Countries such as China, India, and Japan are major contributors to the growth of the market, with a large consumer base and expanding manufacturing industries. The food and beverage industry is expected to be a major end-user of corrugated boxes in the region, followed by electronic goods and home and personal care goods. Additionally, the growing trend of urbanization and the increasing adoption of online shopping are expected to further boost the demand for corrugated boxes in the Asia Pacific region.

Browse Complete Summary and Table of Content:

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Corrugated Boxes Market Trends/Drivers:

The significant expansion in the e-commerce industry

The rise of online shopping has led to an increased need for packaging materials, with corrugated boxes being a primary choice for shipping and delivering products to customers. The e-commerce sector relies heavily on these boxes due to their durability, versatility, cost-effectiveness, and the escalating demand for customized packaging solutions is contributing to the market growth. E-commerce companies understand the importance of branding and creating a unique unboxing experience that is possible with corrugated boxes as they can be easily customized with company logos, graphics, and designs, allowing businesses to enhance their brand identity and leave a lasting impression on customers. Furthermore, the e-commerce industry places a strong emphasis on product protection during shipping and corrugated boxes provide excellent cushioning and structural integrity, ensuring that products arrive safely at their destination.

The rising demand for sustainable packaging solutions

The increasing awareness and importance of environmental sustainability have led to a growing demand for eco-friendly packaging options leading to the widespread adoption of corrugated boxes. Moreover, corrugated boxes are made from renewable and recyclable materials, primarily paperboard derived from trees. As consumers and businesses become more conscious of their ecological footprint, they are seeking packaging solutions that minimize environmental impact. Besides this, corrugated boxes can be easily recycled after use, which helps conserve resources, reduce waste sent to landfills, and promote a more sustainable economy. Furthermore, the lightweight nature of corrugated boxes contributes to energy efficiency during transportation, requires less fuel, and generates fewer carbon emissions during shipping, which is also contributing to market growth.

The increasing product use for customization and branding applications in several industries

The growing customization and branding applications in various industries have driven the adoption of corrugated boxes. Businesses across sectors such as e-commerce, retail, food and beverage, and cosmetics are increasingly recognizing the value of packaging as a marketing tool. In addition, corrugated boxes can be easily customized with logos, graphics, and branding elements, allowing companies to create a distinct visual identity and enhance their brand recognition. This ability to customize packaging to specific products and brand aesthetics has made corrugated boxes a popular choice, enabling businesses to deliver a unique unboxing experience that resonates with consumers and reinforces their brand image.

Among the report’s primary offers are the following:

Direct-To-Consumer Corrugated Boxes definition, synopsis, and product specification are included in the research. It also identifies market-related obstacles and opportunities.

An in-depth study of the market for Corrugated Boxes products, including regional evaluations and competitive analyses on a global, regional, and local scale.

Indicators influencing market scenarios, development patterns, growth plans, as well as major regional enterprises fundamental to the market, are identified and highlighted.

A comprehensive section on the market’s competitive landscape includes company profiles, strategic activities, and market shares for the industry’s major competitors.

Various macro- and micro-level influences on the Global Corrugated Boxes market is identified and analyzed in the study.

Offers a detailed overview of the leading participants in the industry, as well as an analysis of their present strategic goals and critical financial data.

We offer customization on report based on customer’s specific requirement:

– country-level analysis for the 5 countries of your choice.

– competitive analysis of 5 key market players.

– 40 free analyst hours to cover any other data point.

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