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Corrugated Boxes Market: The global market is expected to grow at a CAGR of 5.43% during the forecasted period.

02-06-2024 01:27 AM CET | Industry, Real Estate & Construction

Press release from: Evolve Business Intelligence

Corrugated Boxes Market: The global market is expected to grow

As per the study initiated by Evolve Business Intelligence, the global Corrugated Boxes Market size accounted for USD 203.13 Billion in 2022, growing at a CAGR of 5.43% from 2023 to 2033. The corrugated boxes market is experiencing significant growth, with a projected CAGR ranging from 3.6% to 4.3% over the next decade. The market is driven by the increasing demand for sustainable packaging solutions, particularly in the food and beverage, e-commerce, and personal care industries. The Asia-Pacific region holds the largest market share, and the market is expected to reach a value of US$ 85 billion to US$ 213.9 billion by 2030 to 2033. The market is characterized by the use of various types of corrugated boxes, such as slotted boxes, telescope boxes, rigid boxes, and folder boxes, and is witnessing high growth due to the growing demands from the e-commerce sector and the need for customized packaging solutions

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Key Highlights:
• The global Corrugated Boxes Market size was valued at USD 203.13 Billion in 2022 growing at a CAGR of 5.43% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033

Evolve Business Intelligence has just unveiled its latest market research report focusing on the Global Corrugated Boxes Market. This comprehensive report delves into various facets of the market, including market size and projections, market dynamics, competitor market share analysis, market value and volume, SWOT analysis, product comparisons, recent advancements by major players, and prospective opportunities. Furthermore, the market's evaluation in the dynamic chapter considers four key indicators: Drivers, Constraints, Emerging Trends, and Challenges..

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Key Players
Some of the major Corrugated Boxes Market players holding high market shares include Mondi Group Plc (South Africa), International Paper Company (U.S.), WestRock Company (U.S.) and DS Smith Plc (U.K.). These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Mondi Group Plc (South Africa)
• International Paper Company (U.S.)
• WestRock Company (U.S.)
• DS Smith Plc (U.K.)
• Smurfit Kappa Group (Ireland)
• Rengo Co. Ltd. (Japan)
• Cascades Inc. (Canada)
• Packaging Corporation of America (U.S.)
• Georgia-Pacific LLC (U.S.)

Segmental Analysis
Market Segment By Type
• Rigid Boxes
• Self-Erecting Boxes
• Telescope Boxes
• Slotted Boxes
• Others

Market Segment By Wall Construction
• Single-Wall
• Double-Wall
• Triple-Wall

Market Segment By Application
• Food & Beverages
• Consumer Goods
• Personal Care
• Pharmaceuticals
• E-Commerce
• Others

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Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

Reasons to Buy this Report:
• Comprehensive insights.
• Reliable and accurate data.
• Market size and dataforecast
• Competitive analysis.
• Identification of market opportunities.
• Risk identification and mitigation strategies.
• SWOT analysis.
• TAM Analysis
• Recent industry developments.
• Customization options.
• Expertise and guidance for strategic decision-making

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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.

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