Corrugated Box Market Research Report

Corrugated Box Market Research Report

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Corrugated Box Market

Corrugated Box Market is predicted to witness a faster CAGR over the forecast period, owing to the expansion across e-commerce industries. Further, the surging demand for user-friendly packaging solutions across different industries is likely to drive the corrugated box market size.

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Rising demand for electronic goods and the growing use of corrugated box to supply goods to pharmacies and retailers are the major factors stimulating the corrugated box market growth. The increasing expenditure on packaged products and drift towards sustainable packaging solutions has augmented the market growth. Accelerating disposable income, changing lifestyle, and intensified initiatives by the government to encourage the adoption of sustainable packaging solutions are other drivers propelling the market growth. However, the unstable prices of raw material and the availability to cost-efficient substitutes might hamper the market growth.

By product type, the Slotted Boxes type is predicted to witness a faster CAGR during the forecast period, owing to the easy handling and higher versatility to stockpile several products. Also, the growing demand for food and beverages and consumer durables will further strengthen the market growth.  

By printing technology, the Flexographic Printing is anticipated to lead the market over the coming years. This is attributed to the growing demand for flexographic printing across food & beverage and e-commerce industry. Further, the cost-efficient feature and its augmenting adoption in printing technology for corrugated boxes have driven the market size.

By end-use industry, the Food & Beverage segment is forecast to witness a prominent growth during the forecast period as it offers greater protection during transportation. Rising demand for packed goods and evolving need for safe packaging have bolstered the market growth.

By region, the Asia-Pacific region is likely to expand at a higher CAGR during the forecast period owing to the economic expansion. Moreover, the easy availability of labour for manufacturing industry will boost the regional growth.

Leading players in the market include International Paper Company, Mondi PLC, Westrock Company, Smurfit Kappa Group, Cascades Inc., DS Smith PLC, Rengo Co. Ltd., Packaging Corporation of America, Georgia-Pacific LLC, Kapstone Paper and Packaging Corporation, among others.

Key Developments:3

In 2019, Rengo Co. Ltd procures 80% of shares of Nishihara-Shigyo Co., Ltd. in Japan and operated as a subsidiary of Rengo Co. Ltd. This acquisition helped company expand its corrugated packaging business.

In 2018, DS Smith PLC adopted Corrugated Container Corporation (CCC) to scale up packaging capacity in the North America region.

In 2018, Mondi PLC invested €30 million in its Czech Corrugated Plant to raise production facility.

Corrugated Box Market Segmentation:
Corrugated Box Market by Product Type
·         Slotted Boxes

o   Regular Slotted Containers (RSC)

o   Half Slotted Containers (HSC)

o   Full Overlap Slotted Boxes (FOL)

·         Telescope Boxes

o   Full Telescope Design Container

o   Half Telescope Design Container

·         Rigid Boxes

o   Folder Boxes

o   One Piece Folder

o    Five Panel Folder

Corrugated Boxes Market by Printing Ink
·         Water-based Ink

·         UV-curable based Ink

·         Solvent-based Ink

·         Hot-melt-based Ink

Corrugated Boxes Market by Printing Technology
·         Digital Printing

·         Flexographic Printing

·         Lithography Printing

·         Others

Corrugated Boxes Market by Material
·         Linerboard

·         Medium

·         Others

Corrugated Boxes Market by End-Use Industry
·         Food & Beverage

·         Electronic Goods

·         Home & Personal Care Goods

·         Chemicals

·         Textile goods

·         Paper products

·         Others

Corrugated Box Market by Region:
·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         North America

o   United States of America

o   Canada

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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