The global corrugated boxes market was estimated to be US$ 162 Billion in 2022 and is expected to reach US$ 235 Billion by 2032 at a CAGR of 3.8%.
Rising demand from various end-use industries including food and beverages, consumer electronics, and e-commerce, are expected to drive industry growth over the next couple of years. However, rising installation cost and need for high-end machinery and equipment is anticipated to hamper industry growth.
Manufacturing process include designing, layout, die-cutting and wastage recovery. Requirement of high-end machinery and equipment for applications including emission control, cooking and pulp-storage is likely to increase manufacturing cost as well. The Global Corrugated Boxes Market size was estimated to be US$ 190 million. Asia Pacific region currently holds major market share, owing to the strong economic developments in the region over the past few years.
The report titled “Corrugated Boxes Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period.
Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global corrugated boxes market. Furthermore, the report would reflect on the key developments, global & regional sales network, business strategies, security & exchange overview, research & development activities, production facilities, product portfolio, employee strength, and key executive, for all the players considered under the scope of study. In January 2018, French private equity firm PAI Partners was in exclusive talks to buy Albéa in a $1.5bn deal. Albéa is one of the world’s leading beauty and personal care packaging companies, providing a wide range of solutions for the make-up, fragrance, skincare, personal and oral care markets.
The corrugated boxes market study takes into consideration market segmentation based on material type, printing ink type, printing technology, product type, and geography. Based on Material Type, the market is segmented into virgin containerboard and recycled containerboard. Based on printing ink type, the corrugated box market is segmented into water-based ink, UV-curable ink, hot melt-based ink and solvent-based ink. Based on printing technology, the global market is segmented into digital printing, flexography printing, lithography printing and others. Based on product type, the corrugated box market is segmented into slotted boxes, telescope boxes, rigid boxes, and folder boxes. Based on geography, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
Additionally, the study provides in-depth analysis of individual company considered under the scope of study with a focus on all operating business segment, and would identify the segment of the company focusing on corrugated boxes market. Further, market share of company in the global would also be calculated. For instance, Mondi PLC operates through three segments namely Fiber Packaging, Consumer Packaging, and Uncoated Fine Paper. Moreover, the company offers Sustainable Fragrance Packaging products and services under the Corrugated Boxes segment which generated revenue of US$ 4603.63 Mn in 2018.
The report study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the corrugated boxes companies. Furthermore, the global corrugated boxes market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution.
The product portfolio would focus on all the products under the corrugated boxes market business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global corrugated boxes market. For instance, Mondi PLC reported revenues of US$ 8.38 Billion in 2018 and the segment and geographic analysis of the company indicates that Fiber Packaging is the dominating revenue segment of the company, with the Europe being the major revenue generating region.
Major players dominating the global market include Smurfit Kappa Group Plc, International Paper Company, WestRock Company, Georgia Pacific LLC, and Pratt Industries, Inc.
By Product Type
By End Use
The corrugated boxes market is expected grow at a CAGR of 3.8% between 2023 to 2032.
The corrugated boxes market size is expected to reach US$ 235 Billion by 2032.
The corrugated boxes market size was estimated to be US$ 162 billion in 2022.
Rising demand from various end-use industries including food and beverages, consumer electronics, and e-commerce, are expected to drive corrugated boxes industry growth over the next couple of years.
Major players operating in the global Corrugated Boxes market include Smurfit Kappa Group Plc, International Paper Company, WestRock Company, Georgia Pacific LLC, and Pratt Industries, Inc. .
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