boxes are packaging material made by assembling three layers of corrugated
cardboard sheets. These boxes provide cushioning to the packaged products
during transportation, which helps protect the fragile packaged products during
transit. These boxes offer numerous beneficial properties, including high
durability, strength, lightweight, crush-resistance, flexibility, and aesthetic
value. Also, these boxes are environment-friendly, can be reused, and are also
made from recycled material, making them a highly sustainable packaging
solution. Corrugated Boxes report by xResearch provides market analysis of this
industry including market drivers, key players, industry structure and
dynamics, business strategies for success, and threats or opportunities.
Expanding E-commerce Industry and Rising Product Innovation To Drive Market
online marketplaces make use of product-specific corrugated boxes to keep
products unharmed from mechanical stress. In recent years, the e-commerce
industry has witnessed tremendous expansion, mainly due to the improving
purchase power of people, the proliferating usage of mobile shopping, and the
advantages of hassle-free delivery, return policies, and free shipping offered
by e-commerce platforms. This growth of the e-commerce industry is expected to
bode well for the growth of the corrugated boxes market during the forecast
period. Furthermore, the leading players present in the global corrugated boxes
market are engaging themselves in developing and launching enhanced corrugated
boxes with improved dimension stability, chemical resistance, and other
properties in the market. They are also focusing on offering custom corrugated
boxes to consumers, which is anticipated to open new opportunities for growth
for the global corrugated boxes market during the forecast period of 2022-2030.
· The global corrugated boxes market is anticipated to reach USD 97.4 billion by 2030 from USD 68.1 billion in 2021, at a CAGR of 4.0% during the forecast period.
The major factors contributing to the growth of the
market include the growing demand & adoption of corrugated boxes across
various end-user verticals, the increasing demand for environmentally friendly
packaging solutions coupled with the growing shift in consumer preference
towards paper packaging, and the surging disposable incomes of people in
Moreover, the burgeoning awareness regarding the
importance of using sustainable packaging solutions and the high preference for
corrugated boxes in shelf-ready packaging (SRP) and retail-ready packaging
(RRP) are also contributing to the growth of the corrugated boxes market.
On the basis of type, the global corrugated boxes
market is segmented into slotted boxes, telescope boxes, rigid boxes, and
folder boxes. The slotted boxes segment dominated the market in 2021. The segment
is anticipated to retain its dominance further during the forecast period of
On the basis of material, the global corrugated boxes
market is segmented into linerboard, medium, and others. The linerboard segment
acquired the largest share of the market in 2021. This segment is expected to
continue its dominance over the forecast period of 2022-2030.
On the basis of printing ink, the global corrugated
boxes market is segmented into, water-based inks, UV-curable inks, hot
melt-based inks, and solvent-based inks. The water-based ink segment captured
the highest percentage of market share the in 2021.
On the basis of printing technology, the global
corrugated boxes market is segmented into digital printing, flexography
printing, lithography printing, and others. The flexography segment held the
largest share of the market in 2021.
On the basis of end-use industry, the global corrugated
boxes market is segmented into food & beverages, electronic goods, home
& personal care goods, chemicals, textile goods, glassware & ceramics,
paper products, and others. The food & beverages segment dominated the
market in 2021.
In 2021, China was the largest market for corrugated
boxes in the Asia Pacific region. The regional dominance is projected to continue
over the forecast period of 2022-2030.
In 2021, Asia Pacific captured first position in the corrugated boxes market. This can be largely
attributed to the presence of major industry verticals & organized retail
sector, the high demand & supply of consumer products, the rapid
penetration of e-commerce, and the high middle-class population in the region.
Asia Pacific was followed by Europe, North America, Latin America, and the
Middle East & Africa.