Corrugated Boxes Market Analysis and Sourcing Strategies | Trends, Growth Opportunities, Forecast for 2023-2030 – Market Report on Packaging Sector by RationalStat
The global corrugated boxes market is expected to reach US$ 271.7 billion by 2030, with an annual growth rate of more than 4.3%
Wilmington, Delaware, Oct. 13, 2023 (GLOBE NEWSWIRE) -- According to *RationalStat**’s* most recent industry analysis, the *Global Corrugated Boxes Market* is expected to garner *US$ 202.3 billion in 2023* and is expected to rise at a strong *CAGR of over 4.3%* over the forecast period of 2023-2030
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*Market Definition, Market Scope, and Report Overview*
Corrugated boxes are formed of corrugated paperboard, which is a type of paper composed of three or more attached layers of paper. Corrugated boxes are strong and durable because the layers are generally various thicknesses and textures.
The growing need for customized packaging solutions is also driving the corrugated box industry. Businesses want corrugated boxes that may be printed with their logo and customized to fulfill the specific needs of their products. As a result, new and creative corrugated box products are being developed.
· According to a deep-dive market assessment by RationalStat, the global Corrugated Boxes market has been analyzed *on the basis of market segments, including material type, board type, grade type, product type, end use and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific)*. The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
· Market intelligence for the global Corrugated Boxes market covers market sizes on the basis of market value (US$/EUR Million) and volume (Tons) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
· In addition, the long-term sector and products/services 10-year outlook and its implications on the global Corrugated Boxes market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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*Global* *Corrugated Boxes Market: Segmental and Market Share Analysis*
· On the basis of product type, slotted box segment is expected to dominate the global corrugated box market in terms of market share.
· Based on end use, food & beverage segment led the market accounting for over 30% of the market share in 2022. Corrugated boxes are widely used to package food and beverage products because they are strong, durable, and hygienic.
*Report Synopsis*
Report Metrics Details
Base Year 2023
Forecast Period 2023-2030
Base Year Market Size US$ 202.3 billion
Market Size Forecast US$ 271.7 billion
Growth Rate 4.3%
Key Market Drivers · Rise in demand from E-Commerce Industry
· Developing new technologies in the production process
· Increased sales and greater flexibility
· Rising demand for customized boxes
Companies Profiled · Mondi Group Plc
· Bee Packaging
· Smurfit Kappa Group Plc
· Pratt Industries Inc
· Oji Holdings Corporation
· Nelson Container Corporation
· Great Little Box Company
· Acme Corrugated Box Co. Inc.
· DS Smith Packaging Limited
· WestRock Company
· Tat Seng Packaging Group
· International Paper Company
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*Competition Analysis and Market Structure *
Leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global corrugated boxes market include,
· In October 2023, Versuni, the parent company of some of the world's most well-known household appliance brands, has declared that it will be deploying 100% recycled paper packaging across its Philips range globally.
Some of the prominent players and suppliers operating and contributing significantly to the global corrugated boxes market growth include *Mondi Group Plc, Bee Packaging, Smurfit Kappa Group Plc, Pratt Industries Inc, Oji Holdings Corporation, Nelson Container Corporation, Great Little Box Company, Acme Corrugated Box Co. Inc., DS Smith Packaging Limited, WestRock Company, Tat Seng Packaging Group, and International Paper Company,* *among others.*
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*Market Segmentation and Detailed Table of Content:*
*RationalStat has segmented the global **corrugated boxes* *market based on material type, board type, grade type, product type, end use, and region*
· *Global **Corrugated Boxes* *Market ***Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Material Type**
· Virgin
· Recycled
· *Global **Corrugated Boxes* *Market ***Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Board Type**
· Single Face Board
· Double Wall Board
· Triple Board
· *Global **Corrugated Boxes* *Market ***Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Product Type**
· Slotted Box
· Folder Box
· Telescope Box
· Die Cut Box
· *Global **Corrugated Boxes* *Market ***Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Grade Type**
· Liner
· Fluting Medium
· *Global **Corrugated Boxes* *Market ***Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by End User**
· Food
· Beverages
· Electricals & Electronics
· Healthcare
· Textile
· E-commerce
· Building & Construction
· Chemical & Fertilizers
· Personal Care & Cosmetics
· *Global **Corrugated Boxes* *Market ***Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Region**
· North America Corrugated Boxes Market
· US
· Canada
· Latin America Corrugated Boxes Market
· Brazil
· Mexico
· Rest of Latin America
· Western Europe Corrugated Boxes Market
· Germany
· UK
· France
· Spain
· Italy
· Benelux
· Nordic
· Rest of Western Europe
· Eastern Europe Corrugated Boxes Market
· Russia
· Poland
· Hungary
· Other CIS Countries
· Rest of Eastern Europe
· Asia Pacific Corrugated Boxes Market
· China
· Japan
· India
· South Korea
· Australia
· ASEAN
· Indonesia
· Thailand
· Philippines
· Vietnam
· Malaysia
· Rest of ASEAN
· Rest of Asia Pacific
· Middle East & Africa Corrugated Boxes Market
· GCC
· Saudi Arabia (KSA)
· United Arab Emirates (UAE)
· Rest of the GCC
· South Africa
· Nigeria
· Turkey
· Rest of the Middle East & Africa
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*Key Questions Answered in the **Corrugated Boxes* *Report:*
· What will be the market value of the global Corrugated Boxes market by 2030?
· What is the market size of the global Corrugated Boxes market?
· What are the market drivers of the global Corrugated Boxes market?
· What are the key trends in the global Corrugated Boxes market?
· Which is the leading region in the global Corrugated Boxes market?
· What are the major companies operating in the global Corrugated Boxes market?
· What are the market shares by key segments in the global Corrugated Boxes market?
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*Research Methodology*
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
· Defining the problem by understanding the type of market and data required by the client.
· Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
· Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
· Evaluating and analyzing the data by referring to data sources utilized and leveraged.
· Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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*About RationalStat LLC *
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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