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Corrugated Boxes Market Packaging a World on the Move: Trends and Opportunities in the Corrugated Boxes Market
The Corrugated Boxes Market is to reach over USD 90.37 billion by the year 2031 - Exclusive Report by InsightAce AnalyticInsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Corrugated Boxes Market Size, Share & Trends Analysis Report By Material (Linerboard, Medium), Printing Ink( Water-based, UV-curable, Hot melt-based, Solvent-Based), Printing Technology (Digital, Flexography, Lithography), Type (Slotted Boxes, Telescope Boxes, Rigid Boxes, And Folder Boxes), End-Use Industry (Food & Beverages, Electronic Goods, Home & Personal Care, Chemicals, Textile, Glassware & Ceramics, Paper Products)- Market Outlook And Industry Analysis 2031"
The global corrugated boxes market is estimated to reach over USD 90.37 billion by 2031, exhibiting a CAGR of 4.29% during the forecast period.
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Corrugated packaging materials, made from paperboard, are essential for safeguarding valuables and a wide range of products during storage and transportation. From delicate electronics to heavy machinery, corrugated boxes are available in various sizes and thicknesses to meet specific needs.
Several factors are driving the growth of this industry. The rise of online shopping, increasing consumer spending power, and rapid smartphone and internet adoption are fueling demand for these packaging solutions. Busier lifestyles and the convenience of eating out are also contributing to the need for robust packaging in the foodservice industry.
Manufacturers are gaining a competitive edge by developing highly specialized products. This includes plastic coatings for added protection, printable surface sheets for enhanced branding, and lightweight corrugated boards for improved efficiency. These innovations are ensuring the continued relevance of corrugated packaging in the evolving market.
List of Prominent Players in the Corrugated Boxes Market:
• Mondi Group
• International Paper
• Westrock Company
• DS Smith
• Smurfit Kappa Group
• Rengo Co. Ltd
• Cascades Inc.
• Packaging Corporation of America
• Georgia-Pacific, LLC.,
• Nine-Dragons Worldwide (China) Investment Group Co., Ltd.
• Federal Industries Corporation
• Nippon Paper Industries Co., Ltd.
• Icustomboxes
• Stora Enso
• Svenska Cellulosa Aktiebolaget
• Sappi
• Brødrene Hartmann
• Ufp Technologies
• Deluxe Packaging
• Larsen Packaging Products, Inc.
• Orcon Industries
• Trident Paper Box Industries
• Tgi Packaging Pvt. Ltd.
• Kapco Packaging
• Avon Pacfo Services Pvt. Ltd.
Market Dynamics:
Drivers-
One of the key factors impacting the market is the growing need for simple shipping and packaging boxes across various end-use industries such as electronics, healthcare, chemicals, logistics, and food and beverage (F&B). Furthermore, the expansion of the e-commerce industry and the rising reliance on online shopping platforms for the purchase of diverse products is driving demand for corrugated boxes, which provide optimal mechanical stress protection. The corrugated boxes can print photorealistic images boosting product promotion among global consumers.
Challenges:
The market faces substantial challenges in meeting environmental criteria during production. The high energy consumption and accompanying environmental implications are significant barriers to its inclusion as a preferred packaging solution. As a result of factors such as mobility, health benefits, convenience, and sustainability, end customers are shifting from rigid to flexible packaging materials. Furthermore, stiff competition from flexible packaging products hinders the market's expansion.
Regional Trends:
Asia Pacific corrugated boxes market is expected to register a major market share in terms of revenue and is projected to develop at a high CAGR in the near future. The expanding urban population, developing e-commerce package industry, dropping pulp prices, and increasing population knowledge about eco-friendly packaging will likely boost China's corrugated board packaging market. Among the industry's significant trends and advances are increased containerboard capacity and technological breakthroughs.
Furthermore, rising environmental awareness among the urban population in Europe, demand for sustainable packaging, expanding demand for convenient packaging, evolution in e-commerce activity, and growing demand for electronic goods and home and personal care products are all contributing to the country's corrugated packaging market's acceleration.
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Recent Developments:
• In May 2022, Mondi announced an investment of EUR 280 million to enhance corrugated board and cardboard production. This investment will aid in the expansion of capacity and efficiency in the Czech Republic, Poland, Germany, and Turkey. EUR 185 million of this investment will proceed to the company's network of Corrugated Solutions plants in Central and Eastern Europe.
Segmentation of Corrugated Boxes Market-
By Material-
• Linerboard
• Medium
• Others
By Printing Ink-
• Water-based Ink
• UV-curable Ink
• Holt melt-based Inks
• Solvent-based Inks
By Printing Technology
• Flexography Printing
• Lithography Printing
• Digital Printing
• Others
By Type-
• Slotted Box
• Telescope Box
• Rigid Boxes
• Folder Boxes
By End-Use Industry-
• Food & beverages
• Electronic goods
• Home & personal care
• Chemicals
• Textile
• Glassware & ceramics
• Paper products
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions.
Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses.
We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products.
Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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