Corrugated Boxes Market By Flute Type, Board Style, Box Style, End Use and Demand Forecast to 2030

Corrugated boxes are one of the most-common packaging materials today. A lot of the stuff ordered online, including consumer electronics, books, and even processed food, is shipped in such packages. Hence, with the e-commerce industry spreading its wings, aided by the increasing internet and smartphone penetration, the demand for corrugated boxes is only going to rise. Moreover, online shopping websites allow people to compare a multitude of similar products, avail of lucrative discounts and offers, pay electronically, and have the products delivered at their homes.

Thus, with the growing e-commerce industry, the corrugated boxes market size is set to increase to $284.6 billion by 2030 from $180.9 billion in 2019, at a 4.3% CAGR between 2020 and 2030. The COVID-19 pandemic has only helped the e-commerce juggernaut, as the widespread lockdowns and movement restrictions made a large chunk of the population shift to online shopping. Since packaging is the cornerstone of any supply chain, the demand for corrugated boxes boomed in 2020 and booming still.

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However, it is not just for fulfilling online orders that corrugated boxes are used but online orders too. As per Interpack Emerging Market Outlook, the value of the global packaging sector rose from $839 billion in 2015 to $900 billion in 2019 because of the booming population and its increasing disposable income. Corrugated boxes are widely used for shipping products as they are resistant to pressure and stronger than the usual boxes made out of cardboard.

Such boxes come in numerous board styles, namely single-face, double-wall, single-wall, and triple-wall. Among these, the single-wall board style is the most popular because of its flexibility, which allows it to be converted to boxes of various shapes and sizes. Additionally, this board style can be created with the B, C, and E flutes, which gives it a wide application area. Such boxes receive structural strength from their outer and inner liners, while the flute in between absorbs shocks during product transportation.

All these types of corrugated boxes find a wide application in the processed food, beverages, fresh food & produce, paper products, personal/household care, electrical goods, glassware & ceramics, wood/timber products, chemicals, tobacco, textiles, direct mail, and transport sectors. Among these, the widest usage of these packaging materials is in the processed food sector, particularly for grain-based food, bakery & dairy products, and canned & frozen food. With the increasing disposable income of people, especially in emerging economies, the consumption of packaged food is rising, thereby driving the usage of corrugated boxes.

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As a result of all these factors, Asia-Pacific (APAC) has led the corrugated boxes market till now, and it will keep doing so in the years to come. China and India, driven by their huge population, growing e-commerce industry, and rapid urbanization, are driving the demand for all kinds of packaging materials in the region. Moreover, the large manufacturing base of these countries and of Japan and South Korea leads to a high demand for corrugated boxes.

Hence, with the boom in online and store-based shopping activities, the consumption of corrugated boxes will keep going up.

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