Corrugated Boxes Market 2022 – Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Market Size & Forecast 2030

Corrugated boxes are packaging material made by assembling three layers of corrugated cardboard sheets. These boxes provide cushioning to the packaged products during transportation, which helps protect the fragile packaged products during transit. These boxes offer numerous beneficial properties, including high durability, strength, lightweight, crush-resistance, flexibility, and aesthetic value. Also, these boxes are environment-friendly, can be reused, and are also made from recycled material, making them a highly sustainable packaging solution. Corrugated Boxes report by xResearch provides market analysis of this industry including market drivers, key players, industry structure and dynamics, business strategies for success, and threats or opportunities.

The Rapidly Expanding E-commerce Industry and Rising Product Innovation To Drive Market Growth

Retailers in online marketplaces make use of product-specific corrugated boxes to keep products unharmed from mechanical stress. In recent years, the e-commerce industry has witnessed tremendous expansion, mainly due to the improving purchase power of people, the proliferating usage of mobile shopping, and the advantages of hassle-free delivery, return policies, and free shipping offered by e-commerce platforms. This growth of the e-commerce industry is expected to bode well for the growth of the corrugated boxes market during the forecast period. Furthermore, the leading players present in the global corrugated boxes market are engaging themselves in developing and launching enhanced corrugated boxes with improved dimension stability, chemical resistance, and other properties in the market. They are also focusing on offering custom corrugated boxes to consumers, which is anticipated to open new opportunities for growth for the global corrugated boxes market during the forecast period of 2022-2030.

KEY FINDINGS FROM REPORT

·        The global corrugated boxes market is anticipated to reach USD 97.4 billion by 2030 from USD 68.1 billion in 2021, at a CAGR of 4.0% during the forecast period.

·        The major factors contributing to the growth of the market include the growing demand & adoption of corrugated boxes across various end-user verticals, the increasing demand for environmentally friendly packaging solutions coupled with the growing shift in consumer preference towards paper packaging, and the surging disposable incomes of people in developing countries.

·        Moreover, the burgeoning awareness regarding the importance of using sustainable packaging solutions and the high preference for corrugated boxes in shelf-ready packaging (SRP) and retail-ready packaging (RRP) are also contributing to the growth of the corrugated boxes market.

·        On the basis of type, the global corrugated boxes market is segmented into slotted boxes, telescope boxes, rigid boxes, and folder boxes. The slotted boxes segment dominated the market in 2021. The segment is anticipated to retain its dominance further during the forecast period of 2022-2030.

·        On the basis of material, the global corrugated boxes market is segmented into linerboard, medium, and others. The linerboard segment acquired the largest share of the market in 2021. This segment is expected to continue its dominance over the forecast period of 2022-2030.

·        On the basis of printing ink, the global corrugated boxes market is segmented into, water-based inks, UV-curable inks, hot melt-based inks, and solvent-based inks. The water-based ink segment captured the highest percentage of market share the in 2021.

·        On the basis of printing technology, the global corrugated boxes market is segmented into digital printing, flexography printing, lithography printing, and others. The flexography segment held the largest share of the market in 2021.

·        On the basis of end-use industry, the global corrugated boxes market is segmented into food & beverages, electronic goods, home & personal care goods, chemicals, textile goods, glassware & ceramics, paper products, and others. The food & beverages segment dominated the market in 2021.

·        In 2021, China was the largest market for corrugated boxes in the Asia Pacific region. The regional dominance is projected to continue over the forecast period of 2022-2030.

·        In 2021, Asia Pacific captured first position in the corrugated boxes market. This can be largely attributed to the presence of major industry verticals & organized retail sector, the high demand & supply of consumer products, the rapid penetration of e-commerce, and the high middle-class population in the region. Asia Pacific was followed by Europe, North America, Latin America, and the Middle East & Africa.