From Bins to Billions: Unveiling the Global Surge in Old Corrugated Containers Market, Projected to Exceed US$ 22 Billion by 2032 with a Commanding 4.1% CAGR

The Old Corrugated Containers (OCC) Market is witnessing significant growth as industries prioritize sustainability and responsible waste management. OCC recycling plays a pivotal role in the circular economy, transforming discarded corrugated boxes into valuable resources. This market’s evolution has been driven by the rising demand for eco-conscious packaging solutions and the need to reduce environmental impact.

Innovations in recycling processes have enhanced the efficiency and cost-effectiveness of OCC recycling, attracting investments and expanding global demand. As businesses and consumers alike embrace eco-friendly practices, the OCC market continues to thrive, offering innovative solutions for converting waste into reusable materials and contributing to a greener, more sustainable future. The Old Corrugated Containers (OCC) Market will be valued at US$ 14.7 billion in 2022 and grow at a CAGR of 4.1% to reach US$ 22.0 billion by 2032. According to the survey, the top 3 nations will account for 30–35% of the market for used corrugated containers by 2022.

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Industry Growth Drivers: 

1. E-commerce Boom: The surge in online shopping and e-commerce activities is a key growth driver for the Old Corrugated Containers (OCC) market, as it fuels the demand for recyclable packaging materials.
2. Sustainable Packaging Initiatives: The global emphasis on sustainability and eco-friendly practices is driving the OCC market, with businesses opting for recycled corrugated materials to meet environmental goals.
3. Circular Economy Adoption: The growing adoption of circular economy principles by industries worldwide is propelling the OCC market, as it aligns with the goal of recycling and reusing materials in the production chain.
4. Global Packaging Industry Expansion: The expanding packaging industry, particularly in emerging economies, is a significant growth driver for the OCC market, as corrugated materials remain a staple in various packaging applications.
5. Regulatory Push for Recycling: Stringent regulations and policies promoting recycling and reducing environmental impact are pushing industries to opt for recycled materials like OCC, contributing to the market’s growth.

By the end of 2032, the old corrugated containers (OCC)-11 sector is anticipated to hold around 46% of the market share in terms of waste paper type. According to Future Market Insights (FMI), the OCC-11 segment is expected to generate an additional potential worth US$3.5 billion over the course of the projection year. (2022-2032).

In its latest study, Future Market Insights (FMI) opines corrugated packaging is one of the indispensable formats in the packaging industry. Reusability and customizability are factors increasing the demand for corrugated packaging.

Old corrugated containers also offer environment-friendly packaging to various industries. These packaging solutions are an excellent source of wood pulp fibre and are a valuable commodity in the packaging industry.

Old corrugated containers are made up of paper which is biodegradable. These biodegradable corrugated containers require fewer resources and have lower production costs. Unlike fossil-based materials, paper leaves a lesser impact on the environment and have a lower carbon footprint as compared to the conventional packaging market.

Biodegradable packaging solutions are free from toxins and they also degrade automatically without any external efforts. The raw material required for corrugated containers is quite inexpensive which makes these containers highly affordable. Hence, the demand for environmental-friendly packaging solutions will augment the sales of old corrugated containers.

Key Takeaways

• Old corrugated container (OCC) -11 as a waste paper type segment is projected to remain the leading segment and is anticipated to account for 45% of the market share by the end of 2022.
• Based on the source, the commercial & industrial segment is projected to register a CAGR of 4.7%, creating an incremental opportunity of US$ 3.7 Bn during 2022-2032.
• North America, Europe, and East Asia are expected to showcase the highest demand, collectively, accounting for approximately 64% of the market value share by the end of 2032.
• India is expected to dominate the South Asia old corrugated containers market over the forecast period

“Increasing waste management problems will drive demand for old corrugated containers. Sustainable packaging solutions provided by old corrugated containers and increased sustainability concerns will augment the demand in old corrugated containers market.” says an FMI analyst.

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Old Corrugated Containers Market Landscape

• Averda,
• Seder Group,
• BEEAH Group,
• Saudi Arabia Gulf Environmental Protection (SEPCO), and
• Waste Collection & Recycling Co. (WASCO)

are the key players operating in the old corrugated containers market. Furthermore,

• Suhul Al-Beeah,
• United Global Services (TM Company),
• Huta Environment,
• Redland Industrial Services (Arabia) Ltd. (RISAL),
• Arab Recycling Co. Ltd. and
• Nascom

are also noticeable players in the old corrugated containers market. The tier 1 players in the market hold 15-20% of the global old corrugated containers market.

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Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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