Global Corrugated Box Market

Corrugated Box Market Analysis and Opportunity Assessment By Board Type (Single Face Board, Single Wall Board, Double Wall Board, Triple Wall Board), By Grade (Liner, Fluting Medium), By Product Type (Slotted Box, Folder Box, Telescope Box, Die-Cut Box), By Material Type (Virgin, Recycled), By Printing Technology, By End-Use, By Company And Region

North America corrugated box market is expected to create total incremental $ opportunity of US$ 14,194.2 Mn, over the forecast period

Category: Packaging

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ID: CVC-00101-P

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Format: PDF+Excel Dataset

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Published Date: May 2022

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Pages: 368

Global Corrugated Box Market Size Analysis

According to a research analysis 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.

 

Market Dynamics

  • Rise in E-Com Shopping: Corrugated boxes are in high demand all over the world as a result of the online shopping trend. Corrugated boxes come in a variety of forms and sizes, allowing manufacturers to create packaging that is both unique and appealing.
  • Advancement in R&D: Increased R&D initiatives to update and improve the chemical resistance, dimension stability, and other qualities of corrugated boxes are expanding its uses. The product uses glassware and ceramics, food and drinks, chemicals, paper, textiles, electronics, personal care, and domestic items.
  • Sustainable approach by Consumer: In Central and Eastern Europe, corrugated box packaging integrates a sustainable strategy and eco-friendly material, valued by approximately 80% of the people. In 78% of situations, consumers utilize sustainable corrugated packaging for online purchasing.

 

Corrugated Box Market

 

Segment-Wise Analysis

Why do slotted boxes hold the highest market share in the Corrugated Box Market?

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.

The blanks or trays are scored and fitted to facilitate folding in this procedure and are subsequently supplied flat to the user. The user must square the box, place the product inside, and seal the flaps before they may be used.

Which Printing Technology is creating the highest demand for Corrugated Box Market?

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. These include corrugated boxes, plastic containers, tapes, envelopes, and metal foils. Printing on corrugated boxes is most commonly achieved using flexography technology.

Why does Asia-Pacific account for the largest market share in the Corrugated Box Market?

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.

The area’s market is also driven by a large surge in e-commerce business development. The Asia Pacific is also a major industrial hub with a sizable market.

Furthermore, factors such as growing consumer goods demand, innovation in electronics and other industries, and so on are projected to contribute to the region’s growth throughout the predicted period.

Competition Analysis

To remain competitive in the industry, key market players are investing in expanding their market footprint. Several vital players invest a fair share of their revenue in research and development to boost their product portfolio. Market participants focus on technological development and utilizing a product in several applications.

Some key developments:

  • In October 2021, Verzuolo was acquired by Smurfit Kappa Group. In 2019, the company converted the PM9 machine into a cutting-edge 661,387-ton recycled containerboard machine due to this acquisition. It supplements the existing and strategically located operational facilities near Savona’s port. This is expected to benefit both the company and its customers.
  • In September 2021, Rengo Co., Ltd. announced that its Vietnamese joint venture, Vina Kraft Paper Co., Ltd., had decided to build a new containerboard production site. Vietnam’s total annual demand for containerboard exceeded three million tonnes in 2019 due to continued foreign direct investment, primarily in the export industry and expanding domestic consumption. Vina Kraft Paper is expected to solidify its position as a market leader in the Vietnam containerboard sector, with the newly built mill aiming for long-term development and expansion. It is also expected to strengthen Vietnam’s local integrated containerboard to corrugated box manufacturing system.
  • In September 2021, The Mondi Group expanded its corrugated box production plant in Szczecin, Poland, by installing new equipment. This expansion aims to broaden the company’s packaging portfolio and improve manufacturing processes. This expansion is expected to strengthen the company’s position as a preferred e-commerce packaging supplier to Europe’s expanding markets.
  • In March 2021, International Paper completed the acquisition of two cutting-edge corrugated box plants in Spain. The acquisition of this company will allow it to expand its capabilities in Madrid and Catalonia. The corrugated box business is critical to the company’s strategy in EMEA. It provides high-quality packaging solutions in the industrial segment, focusing on fruit and vegetable packaging and e-commerce solutions.

A list of some of the key players present in the market are:

  • 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.

Market Segments Covered in Report

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 Printing Technology:

  • Digital Printing
  • Flexography Printing
  • Lithography Printing
  • Others

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)

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

  • Assessment of the historical and current market size (2017-2021), market projections (2022-2030), and its contribution to the parent market
  • 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.)
  • Segment-wise, country-wise, and region-wise market analysis
  • Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
  • Key product innovations and regulatory framework
  • Covid-19 impact on the market and how to navigate
  • Strategic market analysis and recommendations on crucial winning strategies
Research Scope Details
Forecast period 2022-2030
Historical data available for 2017-2021
Market analysis USD Million for Value and Tons for Volume, and CAGR from 2022 to 2030
Key regions covered North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa
Key countries covered US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt
Key segments covered Material Type, Board Type, Grade Type, Product Type,  End-Use, and Region
Customization scope Available upon Request
Pricing and purchase options Available upon Request
  • Report Includes

    Market Size Data

    • Global market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and region
    • Regional level market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and country
    • Country level market share data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment
    • Market attractiveness analysis based on market share index and CAGR index for each of the segments and regions
    • Incremental dollar opportunity generated in the forecast period would be indicated
    • Key Takeaways, Recommendations, and key investment pockets for the relevant segments would be highlighted

    Market Background

    • Macroeconomic factors that impact the market developments
    • Market dynamics (Drivers, Restraints, Opportunities) that positively or negatively influence market growth
    • Supply Side and Demand Side trends – trends witnessed from buyers and suppliers side
    • Production and Consumption Gap Analysis – analysis of gap between production and consumption in any geography to fulfil unmet demand
    • Trade analysis and analysis of key supply and demand hubs
    • Identification of hotbed opportunities existing in the market
    • Porter’s and PEST analysis to understand the business environment of the geography
    • Regulatory scenario – Identification of key sector specific and trade regulations, and assessment of whether it helps or hinder market development & growth

    Pricing Analysis

    • Regional-level product pricing analysis to set and benchmark your current or future product offerings across each product type
    • Historical and projected pricing trends of the product which helps in determining the product’s price and/or services beneficial for companies product lifecycle
    • Cost teardown analysis and key factors impacting pricing

    Value Chain Analysis

    • Country-wise list of raw material suppliers
      • Raw material price trends and buyers’ sentiment
      • Overview of Intelligent Sourcing Technique
      • Raw material procurement requirements
      • Vendor selection criteria
    • Country-wise list of product manufacturers
    • Country-wise list of distributors/traders
    • Country-wise list of end-users
      • End-Users/Customers consumption mapping
      • Key End-Users/Customers client list
    • Country-wise list of other key channel partners
    • Average profitability margins
    • Regional value chain dynamics

    Competition Analysis

    • Market shares and production capacities of key players
    • Tier structure analysis of market
    • Comprehensive competition dashboard representing the top 10-15 players in the market
    • Individual company profiles of top 15 to 20 manufacturers
      • Business Overview
      • Product Portfolio
      • Key Financials
      • Recent Developments
      • SWOT Analysis
      • Strategies

Country Coverage
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific

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Frequently Asked Questions

Between 2022 and 2030, the global Corrugated Box market is expected to grow at a CAGR of 4.8%, surpassing US$ 196.6 Bn by 2030.

The United States leads the corrugated box market.

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.

  1. Executive Summary
    • Global Market Snapshot
    • Key Success Factors
    • Strategic Analysis and Recommendations
  2. Market Overview
    • Market Taxonomy
    • Market Definitions
  3. Research Methodology
    • Preliminary Investigation & Research Design
    • Secondary Research & Primary Research
    • Data Analysis & Econometric Modelling
    • Expert Data Validation
  4. Key Emerging Trends Analysis
    • Supply-Side Trends
    • Demand-Side Trends
  5. Global Corrugated Box Market Value (US$ Mn) and Volume (Tons) Analysis
    • Global Market Value (US$ Mn) Analysis, 2017 – 2030
    • Incremental $ Opportunity Index, 2022-2030
    • Global Market Volume (Tons) Analysis, 2017 – 2030
  6. Global Corrugated Box Market Pricing Analysis
    • Regional Level Pricing Analysis and Forecast
      • Manufacturers Level Pricing
      • Distributor Level Pricing
    • Global Pricing Analysis Benchmark
    • Cost Breakdown Analysis
  7. Cross-Sectional Analysis
    • Cross Analysis of End-Use W.R.T. End-Use
  8. Supply Vs. Demand Analysis
    • Regional Supply Vs. Demand Gap Assessment
    • Top Producing Countries Analysis
  9. Market Background
    • Macroeconomic Factors
    • Forecast Factors
    • Market Dynamics
      • Driver
      • Restraint
      • Opportunity
    • Supply Chain Analysis
      • List Raw Material Suppliers
      • List of Manufacturers
      • List of Distributors
      • List of End-Users
      • Average Profitability Margin Analysis
    • Covid-19 Impact Assessment
      • Economy/Cluster Projections
      • Covid-19 Economic Assessment
      • Potential Impact on Target Market
      • Recovery Scenario
    • EXIM Data
    • Regulatory Framework
      • Regulations of Key Countries
      • Potential Impact of Regulations
    • Porter’s Five Forces Analysis
    • Technology Landscape
    • Buyers Decision Analysis
  10. Global Corrugated Box Market 2017 – 2030 By Material Type
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2030) By Raw Material [Value (US$ Mn) and Volume (Tons) Analysis]
      • Virgin
      • Recycled
    • Market Attractiveness Analysis by Material Type
  11. Global Corrugated Box Market 2017 – 2030 By Grade Type
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2030) By Raw Material [Value (US$ Mn) and Volume (Tons) Analysis]
      • Liner
      • Fluting Medium
    • Market Attractiveness Analysis by Grade Type
  12. Global Corrugated Box Market 2017 – 2030 By Product Type
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2030) By Raw Material [Value (US$ Mn) and Volume (Tons) Analysis]
      • Slotted Box
      • Folder Box
      • Telescope Box
      • Die-Cut Box
    • Market Attractiveness Analysis by Product Type
  13. Global Corrugated Box Market 2017 – 2030 by Board Type
    • Introduction
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2030) By Board Type [Value (US$ Mn) and Volume (Tons) Analysis]
      • Single Face Board
      • Single Wall Board
      • Double Wall Board
      • Triple Wall Board
    • Market Attractiveness Analysis by Board Type
  14. Global Corrugated Box Market 2017 – 2030 by Printing Technology
    • Introduction
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2030) By Printing Technology [Value (US$ Mn) and Volume (Tons) Analysis]
      • Digital Printing
      • Flexography Printing
      • Lithography Printing
      • Others
    • Market Attractiveness Analysis by Printing Technology
  15. Global Corrugated Box Market 2017 – 2030 By End-Use
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2030) By End-Use [Value (US$ Mn) and Volume (Tons) Analysis]
      • Food
      • Beverages
      • Electricals & Electronics
      • Pharmaceuticals
      • Textiles & Apparels
      • E-commerce
      • Building & Construction
      • Personal Care & Cosmetics
      • Chemical & Fertilizers
      • Others
    • Market Attractiveness Analysis by End-Use
  16. Global Corrugated Box Market Historical Analysis 2017 – 2021 and Forecast 2022 – 2030 by Region
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2030) By Region [Value (US$ Mn) and Volume (Tons) Analysis]
      • North America
      • Latin America
      • Europe
      • Asia & Pacific
      • Middle East
      • Africa
  1. North America Corrugated Box Market Historical Analysis 2017 – 2021 and Forecast 2022-2033
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2030) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • S.
        • Canada
      • By Material Type
      • By Board Type
      • By Grade Type
      • By Product Type
      • By End-Use
      • By Printing Technology
    • Market Attractiveness Analysis
      • By Country
      • By Material Type
      • By Board Type
      • By Grade Type
      • By Product Type
      • By End-Use
      • By Printing Technology
  1. Latin America Corrugated Box Market Historical Analysis 2017 – 2021 and Forecast 2022 – 2030
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2030) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • Brazil
        • Mexico
        • Rest of Latin America
      • By Material Type
      • By Board Type
      • By Grade Type
      • By Product Type
      • By End-Use
      • By Printing Technology
    • Market Attractiveness Analysis
      • By Country
      • By Material Type
      • By Board Type
      • By Grade Type
      • By Product Type
      • By End-Use
      • By Printing Technology
  1. Europe Corrugated Box Market Historical Analysis 2017 – 2021 and Forecast 2022 – 2030
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2030) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • Germany
        • Italy
        • France
        • UK
        • Spain
        • Netherlands
        • Norway
        • Russia
        • Rest of Europe
      • By Material Type
      • By Board Type
      • By Grade Type
      • By Product Type
      • By End-Use
      • By Printing Technology
    • Market Attractiveness Analysis
      • By Country
      • By Material Type
      • By Board Type
      • By Grade Type
      • By Product Type
      • By End-Use
      • By Printing Technology
  1. Asia-Pacific Corrugated Box Market Historical Analysis 2017 – 2021 and Forecast 2022 – 2030
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2030) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • China
        • Japan
        • South Korea
        • India
        • Indonesia
        • Thailand
        • Vietnam
        • Australia & New Zealand
        • Rest of Asia-Pacific
      • By Material Type
      • By Board Type
      • By Grade Type
      • By Product Type
      • By End-Use
      • By Printing Technology
    • Market Attractiveness Analysis
      • By Country
      • By Material Type
      • By Board Type
      • By Grade Type
      • By Product Type
      • By End-Use
      • By Printing Technology
  1. Middle East Corrugated Box Market Historical Analysis 2017 – 2021 and Forecast 2022 – 2030
    • Introduction
    • Key Market Trends
    • Pricing Analysis
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2030) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • Saudi Arabia
        • Turkey
        • A.E.
        • Rest of Middle East
      • By Material Type
      • By Board Type
      • By Grade Type
      • By Product Type
      • By End-Use
      • By Printing Technology
    • Market Attractiveness Analysis
      • By Country
      • By Material Type
      • By Board Type
      • By Grade Type
      • By Product Type
      • By End-Use
      • By Printing Technology
  1. Africa Corrugated Box Market Historical Analysis 2017 – 2021 and Forecast 2022 – 2030
    • Introduction
    • Key Market Trends
    • Pricing Analysis
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2030) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • South Africa
        • Nigeria
        • Egypt
        • Rest of Africa
      • By Material Type
      • By Board Type
      • By Grade Type
      • By Product Type
      • By End-Use
      • By Printing Technology
    • Market Attractiveness Analysis
      • By Country
      • By Material Type
      • By Board Type
      • By Grade Type
      • By Product Type
      • By End-Use
      • By Printing Technology
  2. Competition Analysis
    • Tier Structure Breakdown
    • Market Share Analysis
    • Production Capacity Analysis
    • Company Footprint Analysis
      • Product Footprint of Players
      • Regional Footprint of Players
      • Channel Footprint of Players
    • ChemView’s Competitor Positioning Matrix
  3. Company Profiles
    • Mondi Group Plc.
      • Company Overview
      • Product & Financial Portfolio
      • Manufacturing Facilities
      • Recent Developments
      • SWOT Analysis
      • Strategy Overview
    • 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.
  4. Assumptions and Acronyms

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