Global Corrugated Boxes Market size was valued at US$ 180 Bn. in 2020 and the total revenue is expected to grow at 4.6% CAGR through 2021 to 2027, reaching nearly US$ 246.6 Bn.
Global Corrugated Boxes Market Overview:
Three layers of corrugated cardboard sheets are assembled to make corrugated boxes. These sheets help to trap air between them, which functions as a cushion to preserve the box's contents. Corrugated boxes have a number of advantages over other types of packing including strength, lightweight, flexibility, high durability, and aesthetic appeal. These boxes are also environmentally beneficial because they are made without the use of toxic chemicals and are easily recyclable. To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the Market from 2021 to 2027. 2020’s Market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the Market through 2027. 2020 is a year of exception and analyzed specially with the impact of lockdown by region.
Global Corrugated Boxes Market Dynamics:
The rise in demand for packaging solutions from various end-use industries such as food & beverages, electronic goods, and e-commerce industries are anticipated to propel the corrugated boxes market growth during the forecast period. Corrugated boxes have features such as low-cost and optimum protection, which are driving the corrugated boxes market growth in a positive way. Increasing demand for corrugated boxes as a secondary packaging solution in the various end-use industry for products packaging is fueling the corrugated boxes market growth. TriState Container Corporation, a producer of corrugated solutions ranging from shipping containers to specialized high-graphic corrugated needs, has become the first print provider to acquire IDERA. IDERA is a digital printing solution for corrugated packaging converters that is both fresh and innovative. Customized corrugated packaging has been growing popularity in recent years, and many companies are making significant investments in order to provide such innovative solutions. Xiamen Hexing Packaging Co. Ltd (HXPP) is one such example, having purchased China's first HP Page Wide digital press. This purchase is the first step towards meeting the increasing demand for customized corrugated packaging. This new piece of equipment will help the company achieve large-scale corrugated packaging solutions production.
Global Corrugated Boxes Market Segment Analysis:
Based on material, based on equipment the Corrugated Boxes market is segmented into Recycled Corrugates and Virgin Corrugates. Recycled Corrugates segment is expected to hold the highest market share of xx% by 2027, owing to its widespread use in the packaging of light products such as cosmetics, consumer electronics, and fast food. Cardboard may be recycled five to seven times and is a relatively simple and easy to recycle material. Based on end use, Corrugated Boxes market is segmented into Food & Beverages, Electronic Goods, Homecare and Others. Based on end-use industry, food & beverages industry is expected to hold the largest share of xx% in the corrugated boxes market growth by 2027, owing to the growing expansion of this industry across the globe. In addition, the growing popularity of packaged food products among consumers and increasing population across the globe, which are driving the global corrugated boxes market growth in a positive way. Homecare segment is also expected to surge the global corrugated boxes market growth during the forecast period.
Global Corrugated Boxes Market Regional Insights:
In terms of region, North American is expected to hold the largest share of xx% in the corrugated boxes market by 2027, owing to rising demand from e-commerce industry from this region. The US is expected to drive the corrugated boxes market in this region during the forecast period. Europe is also estimated to boost the global corrugated boxes market growth in the near future owing to increasing demand for corrugated boxes from various end-use industry such as electronic goods and food & beverages. Because of government-imposed paper recycling requirements, the European region will experience moderate and consistent growth. In 2019, the segment produced USD 58.37 billion on the global market. Germany is projected to surge the corrugated boxes of market growth in a positive way. The Asia Pacific is expected to generate the highest CAGR in the market during the forecast period owing to growing globalization and industrialization in developing countries of this region such as India and China. In addition, increasing disposable incomes of consumers and growing consumer base in this region is also expected to fuel the corrugated boxes market growth in a positive way. The objective of the report is to present a comprehensive analysis of the Global Corrugated Boxes Market to the stakeholders in the industry. The past and current status of the industry with the forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include Market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Corrugated Boxes Market dynamics, structure by analyzing the Market segments and project the Global Corrugated Boxes Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the Global Corrugated Boxes Market make the report investor’s guide.
Global Corrugated Boxes Market Scope: Inquire before buying Global Corrugated Boxes Market, by Region
• North America • Europe • Asia Pacific • Middle East and Africa • South America
Global Corrugated Boxes Market Key Players
• WestRock Company • Mondi Group Plc. • International Paper Company • DS Smith Plc • Smurfit Kappa Group Plc • Action Box Inc. • Acme Corrugated Box Co. Inc. • Wertheimer Box Corporation • Shillington Box Co., LLC • Georgia Pacific LLC, • Pratt Industries, Inc. • Oji Holdings Corporation • Stora Enso Oyj • Tat Seng Packaging Group Ltd. • VPK Packaging Group nv • Nelson Container Corporation • Great Little Box Company Ltd. • Bee Packaging, A.D. Incorporated of Milwaukee • Shanghai DE Printed Box • Smurfit Kappa Group • Rengo Co. Ltd. • KapStone Paper • Packaging Corporation • Cascades Inc. • Packaging Corporation of America • Global Travel Bag Market
Frequently Asked Questions:
1] What segments are covered in Global Corrugated Boxes Market report? Ans. The segments covered in Global Corrugated Boxes Market report are based on Material, Type, End use, printing ink, Printing Technology. 2] Which region is expected to hold the highest share in the Global Corrugated Boxes Market? Ans. North America is expected to hold the highest share in the Global Corrugated Boxes Market. 3] What is the Market size of Global Corrugated Boxes Market in 2027? Ans. The Market size of Global Corrugated Boxes Market in the forecast period 2027 is US $ 246.6 Bn. 4] Who are the top key players in the Global Corrugated Boxes Market? Ans. WestRock Company, Mondi Group Plc., International Paper Company, DS Smith Plc , Smurfit Kappa Group Plc, Action Box Inc., Acme Corrugated Box Co. Inc., Wertheimer Box Corporation, Shillington Box Co., LLC, Georgia Pacific LLC, Pratt Industries, Inc., Oji Holdings Corporation, Stora Enso Oyj, Tat Seng Packaging Group Ltd., VPK Packaging Group nv, Nelson Container Corporation, Great Little Box Company Ltd., Bee Packaging, A.D. Incorporated of Milwaukee, Shanghai DE Printed Box 5] What was the Market size of Global Corrugated Boxes Market in 2020? Ans. The Market size of Global Corrugated Boxes Market in 2020 was US $ 180 Bn.