Corrugated Box Market Was Worth US$ 135.1 Bn And Is Expected To Grow At A CAGR Of 4.8% Over The Forecast Period

Global Corrugated Box Market is estimated to witness a growth rate of 4.8% over the forecast period due to increased use of online shopping in Central and Eastern Europe, Asia-Pacific, and sustainable packaging solutions – According to a ChemView Consulting Analyst.

As per the research conducted by ChemView Consulting, in 2022, the worldwide Corrugated Box market was worth US$ 135.1 Bn and is expected to grow at a CAGR of 4.8% over the forecast period. The market is expected to hit US$ 196.6 Bn by 2030 end.

The market will likely develop even faster as it reduces the manufacturing cost. The expanding popularity of e-commerce, food & beverage, and electronic industries, as well as rising demand for corrugated boxes from emerging nations, are hot bets for the industry.

Global Corrugated Box  Market  2022-2030: Report Coverage and Highlights

  • Detailed information on factors that will assist Corrugated Box Market  growth during the next 8 years
  • Assessment of the historical and current Global Corrugated Box Market  size (2016-2020), market projections (2022-2030), and its  contribution to the parent market
  • The growth of the Corrugated Box Market  across North America, Europe, Asia-Pacific, Latin America, and Middle East, and Africa
  • Segment-wise, country-wise, and region-wise market analysis
  • Key drivers, restraints, opportunities, and key emerging trends impacting market growth
  • Predictions on critical supply, demand, and technological trends and changes in consumer behavior
  • Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
  • Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
  • Covid-19 impact on the market and how to navigate
  • Strategic market analysis and recommendations on crucial winning strategies

For More Details Visit Our Report Page:

Key Takeaways:

By Application: A wide range of benefits makes flexography an attractive printing technique for packaging printing because it offers quick and economical printing. The printing process applies simple designs and colors to various packaging materials.

By Product Type: Slotted boxes account for the greatest section of all corrugated boxes. The market is segmented by type, with slotted boxes, telescope boxes, rigid boxes, and folder boxes among the categories. The slotted boxes category had a commanding position in terms of value and volume. The most popular variety is sewn, taped, or glued together from a single piece of corrugated board.

By Region:  In terms of value, the APAC region is expected to be the largest market. APAC is predicted to expand at the fastest rate during the projected period. The market’s growth is aided by rising demand and supply in the food and beverage, electronics, and personal care industries, notably in China, India, and Japan.

Competition Summary: The Global Corrugated Box is estimated to be a Moderately Fragmented market. Key players account for a fair share of the overall business, with few prominent players dominating the global market. Key market participants in the international industry of Corrugated boxes have accounted for about 35 to 40% of the overall market share.

Key players are investing significantly in expanding their business footprint all over the globe through expansion, acquisitions, partnerships, and collaboration strategies. Key players are also investing in catering to the emerging applications for the product to gain maximum profit from the emerging fields.

Key companies covered in the market study:  Mondi Group Plc, Bee Packaing, DS Smith Packaging Limited, Oji Holdings Corporation, Smurfit Kappa Group Plc, International Paper Company, WestRock Company, Georgia Pacific Packaging LLC, Pratt Industries, Inc., Tat Seng Packaging Group, VPK Packaging Group nv, STORA ENSO OYJ, Nelson Container Corporation, Great Little Box Company Ltd., Acme Corrugated Box Co. Inc.

Global Corrugated Box Market 2022-2030: Segmentation

By Board type:

  • Single Face Board
  • Single Wall Board
  • Double Wall Board
  • Triple Wall Board

By Grade type:

  • Liner
  • Fluting Medium

By Product Type:

  • Slotted Box
  • Folder Box
  • Telescope Box
  • Die-Cut Box

By Material Type:

  • Virgin
  • Recycled

By End Use:

  • Food
  • Beverages
  • Electricals & Electronics
  • Pharmaceuticals
  • Textiles & Apparels
  • E-commerce
  • Building & Construction
  • Personal Care & Cosmetics
  • Chemical & Fertilizers
  • Others

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

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