The Global Corrugated Box Market Size Was Estimated At USD 67.6 Billion In 2022 And Is Projected To Grow At A CAGR Of 5.0%.

Corrugated Boxes Market Overview:

Corrugated boxes are disposable containers made of three layers of corrugated cardboard. They are lightweight, flexible, biodegradable, recyclable and cost-effective, helping to protect fragile products during transport. They remain intact when exposed to adverse conditions such as humidity and sudden temperature changes. Additionally, they help minimize the risk of microbial contamination and extend the shelf life of products. Therefore, corrugated boxes are widely used in various industries to pack products efficiently.

Corrugated Boxes market size, estimates, and forecasts are provided in terms of sales volume (K Units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Corrugated Boxes market in detail. Regional market sizes related to products by type, by application, and by the player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Key Market Updates:

• In October 2021, Smurfit Kappa Group completed the acquisition of Verzuolo. With this acquisition, the company converted a PM9 machine into a state-of-the-art 661,387-ton recycled containerboard machine in 2019. It complements existing and strategically located operational facilities near the Port of Savona. This is expected to benefit the company and customer base.
• In September 2021, Rengo Co., Ltd. announced that its joint venture in Vietnam, Vina Kraft Paper Co., Ltd., has chosen to build a new containerboard production base. Vietnam's total annual demand for containerboard exceeded 3 million tonnes in 2019, driven by continued foreign direct investment (mainly in the export sector) and expanding domestic consumption. Vina Kraft Paper is poised to firmly establish itself as the market leader in Vietnam's containerboard industry, with the new plant aimed at long-term growth and expansion. It is also expected to upgrade Vietnam's local integrated containerboard to a corrugated box production system.
• In September 2021, the Mondi Group expanded with the installation of new equipment at its corrugated box production plant in Szczecin, Poland. The expansion is aimed at expanding the company's packaging portfolio and improving production processes. The expansion is expected to further strengthen the company's position as the preferred e-commerce packaging supplier in the growing European market.
• In August 2021, DS Smith developed fully recyclable e-commerce packaging for Blaue Helden. This sustainably developed e-commerce packaging from DS Smith gives Blaue Helden's eco-clean label an enhanced look suitable for online retail, 100% corrugated cardboard and no plastic filler material at all.
• In March 2021, International Paper completed the acquisition of two state-of-the-art corrugating box plants in Spain. The acquisition will strengthen the company's capabilities in Madrid and Catalonia. As far as EMEA is concerned, the corrugated packaging business is of strategic importance to the company. It provides high-quality packaging solutions to customers in the industrial, fresh fruit and vegetable, and e-commerce sectors. Both businesses have become part of International Paper since April 1, 2021.

Major Segments Covered in the Global Corrugated Boxes Market:

Market Key Players:
International Paper, WestRock (RockTenn), Smurfit Kappa Group, Rengo, SCA, Georgia-Pacific, Mondi Group, Inland Paper, Oji, Cascades, Alliabox International (Alliance), DS Smith, Packaging Corporation of America, Bingxin Paper, SAICA, Shanying Paper, Ross, And Others.

By Type

• Slotted Boxes
• Telescope Boxes
• Rigid Boxes
• Folder Boxes

By Material

• Linerboard
• Medium
• Others

By Printing Ink

• Water-Based Ink
• Uv-Curable Ink
• Hot Melt-Based Ink
• Solvent-Based Ink

By Printing Technology

• Digital Printing
• Flexography Printing
• Lithography Printing
• Others

By End-use

• Food & Beverages
• Electronic Goods
• Home & Personal Care Goods
• Chemicals
• Textile Goods
• Glassware & Ceramics
• Paper Products
• Others

Slotted boxes segments holds the biggest share of the market in terms of revenue over the next few years.

The slotted boxes sector beat the market in terms of both value and size. Most of the time, they are made from one piece of corrugated board that has been sewn, taped, or glued together. After the blank, or tray, is cut and a support is added to make folding easier, the boxes are sent directly to the user. To put together a box, the user must make it square, put the item inside, and then close the flaps. The product is lined up next to the depth to give it enough loading strength. The slotted box is a very efficient product because it doesn't make a lot of waste when it's being made. It's great for carrying a lot of different things, like cups, mugs, and books, among other things.

Linerboard segments holds the biggest share of the market in terms of revenue over the next few years.

In terms of revenue, the linerboard material segment will have the largest market share over the next few years. Kraft liner is made of at least 80% virgin kraft pulp fibres and is used as the outside and middle layer of corrugated boxes because it is strong and doesn't absorb water. Kraft linerboard is often used to make high-quality color-printed corrugated boxes that are used in the food and drink, home and personal care, and other industries. Recycled linerboard, which is also called test liner, is made of less than 80% virgin kraft pulp fibres, which can also be used for the outer and middle layers of corrugated board. But because it has more recycled fibres than kraft liner, it is not as strong. Less money is spent on recycled linerboard than on kraft liner.

Water-Based Ink segments leads the market during the next few years

The largest part of the market was made up of water-based ink. In the printing ink market, water-based ink was the most valuable and used the most. Colloidal pigments or colours are mixed with water-soluble resins or emulsions of resin to make water-based inks. Most water-based inks have a higher percentage of solids, which means that less liquid needs to be taken out. Because the resins in the water system are what they are, a thin layer of ink is often used. There are two kinds of water-based ink: dye and pigment. Even though dye inks make good graphics, they are not waterproof and will fade when exposed to UV light. Pigment inks are strong against UV light and are waterproof for a short time.

Flexography Printing has the biggest share of the market.

Flexography is the most widely used printing technology on the market. Flexography is a simple and inexpensive printing method that is often used to print packaging because of the many benefits it offers. It is used to print simple designs and colours on a wide range of packaging materials, such as Corrugated Boxes, plastic containers, tapes, envelopes, and metal foils. Flexography printing is a type of relief printing that uses rubber or polymer plates, like an automated rubber stamp, to transfer an image onto a corrugated board. Flexography printing was made so that it could be done on rough, hard surfaces like Corrugated Boxes. Flexography is a fast way to print because the ink dries quickly and has a low viscosity. Since corrugated boards are very porous, you can use flexography to print plain text or pictures with only one or two colours on them.

Food & beverages segment is the biggest market for corrugated boxes.

The largest end-use segment of the market is food and beverages. Some of the main categories in the food and drink sector are organic vegetables, processed foods, and non-perishable goods. In the food and beverage industry, packaging is needed to store, move, and handle products. Corrugated boxes are needed to ship things with different strengths, like things that break easily, things that go bad quickly, and processed foods. Since Corrugated Boxes don't react with anything, they are a great way to package, transport, and store food for a long time. When packaging processed foods, it's important to use safe packaging materials that are also attractive to buyers and show that the food is safe. So, Corrugated Boxes are used to package ready-to-eat foods.

Corrugated Boxes Market by Regions:

Asia Pacific is expected to grow at the highest growth rate over the forecast period 2022 to 2030 owing to increasing demand for lightweight packaging products. China is leading the growth of the Asia Pacific market owing to the ease of production of single-wall corrugated box products.

Asia Pacific dominates the corrugated box market along with China, and the production and consumption of single-wall corrugated boxes in the region are increasing. In the European region, Germany dominated the market owing to the increasing demand for small single-wall corrugated boxes in the region, while the US dominated the North American market due to the increasing demand for returnable single-wall corrugated boxes.

Significant Market Dynamics:

Drivers:

Some 45% of consumers in Central and Eastern Europe prefer to shop online due to the COVID-19 pandemic. Research and surveys predict that new online buyers are expected to continue shopping online. Nearly 80% of the population in Central and Eastern Europe appreciates the use of sustainable methods and environmentally friendly materials in corrugated boxes used for packaging. 77% of consumers use sustainable corrugated packaging solutions when shopping online. Some 57% are willing to pay more for customizable and sustainable corrugated packaging solutions. Online businesses have gotten a boost in the wake of the COVID-19 pandemic. There is a growing focus on, and speaking out about, the use of sustainable products. This factor has contributed to the growth of the market.

Restraints:

Flexible plastic packaging offers the greatest advantages to manufacturers and retailers as it reduces the weight of the packaging, which in turn lowers shipping and warehousing costs, thereby significantly reducing space requirements. For consumers, it offers convenience through features such as single-serve sizes, easy opening and peeling, and the fact that food tastes better in a retort pouch than in a traditional tin. In terms of overall packaging costs, flexible packaging is 40% lower, which equates to 50% less landfill waste and produces 62% less greenhouse gas (GHG) emissions than rigid packaging. As a result, factors such as convenience, portability, cost savings, sustainability and health benefits are leading product packaging manufacturers and packaging converters to move from standard rigid materials to flexible materials.

Opportunity:

Smurfit Kappa integrates digitalization into the corrugated industry by developing a range of new paper products Smurfit Kappa, a renowned manufacturer of corrugated packaging solutions, has strengthened the integration of digitalization in the corrugated industry. It has developed a range of multipurpose papers that are expected to be suitable for digital printing presses and flexo printing presses. Multipurpose paper was developed for the purpose of enabling printers to work with packaging materials. This advancement expands the range of optimal digital printing and promises to maximize the capabilities of digital printing. Customized graphic design brings scope for greater flexibility and increased sales, among other things. The company is also looking to develop new solutions and enhance existing sustainable technologies. These advancements are driving the digitization of the paper packaging industry and offer great potential for market growth.

Challenges:

One of the major challenges corrugated box manufacturers are expected to face for some time is reducing greenhouse gas emissions and developing efficient and environmentally friendly methods of product manufacturing. Consumer demand for corrugated boxes is increasing; however, high energy consumption and environmental impact are major barriers to its becoming a highly sought-after packaging product. Because corrugated boxes are made from wood pulp, their production has a significant impact on forests. The energy required for production is significantly higher than that required for producing plastic. Producing corrugated boxes requires 34% more energy than producing reusable plastic containers. CO2 emissions are also higher when manufacturing corrugated boxes. Therefore, compliance with environmental standards during production can be a challenge for corrugated box manufacturers.

Report Scope

Points Covered in the Report

• The points that are discussed within the report are the major market players that are involved in the Market such as Market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years of data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, region, type, application and etc., and custom research can be added according to specific requirements.
• The report contains a SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

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Note – In order to provide a more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19 and the Russia-Ukraine war.