The global old corrugated containers (OCC) market size is estimated to be valued at US$ 41.4 billion in 2023. Old corrugated container sales are anticipated to reach US$ 65.7 billion by 2033. The market will likely expand at a CAGR of 4.7% during the forecast period 2023 to 2033.
Corrugated packaging producers are embracing sustainability by utilizing recycled materials to craft new containers. This shift towards eco-friendly solutions extends to various packaging formats such as rigid boxes, paper boxes, cardboard boxes, and folding cartons, catering to diverse product needs.
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The durability and sturdiness offered by sustainable packaging options are driving up the demand for old corrugated containers. Consumers are increasingly favoring environmentally friendly choices, propelling growth in the old corrugated container market.
Amid mounting concerns over plastic pollution and tightening regulations, both manufacturers and consumers are gravitating towards paper packaging. Corrugated containers, renowned for their strength and reliability, play a pivotal role in the shipment and distribution of bulk goods, particularly within the logistics and retail sectors.
However, recycling should be well-managed to give out maximum results. Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Old Corrugated Containers Market’. The analysts and consultants use a holistic approach to execute it. The report could also be customized.
Key Takeaways from Old Corrugated Containers (OCC) Market
- Europe holds the largest market share with Germany leading from the front. This could be credited to improvement in recycling infrastructure herein. The European Paper Recycling Council has confirmed that rate of recycling paper in Europe crossed 72% in the year 2020 alone.
- The Asia-Pacific is led by China. This could be credited to retail industry expanding by leaps and bounds in this region. Also, the State Council of the People’s Republic of China has stated that the country’s online retail sales in the year 2020 did reach US$ 1.52 Tn. Also, the fact that China stayed at the 1st position of online retail market can’t be ignored.
- North America is at the matured stage of old corrugated containers (OCC) market and is expected to remain the same going forward.
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Competitive Landscape
- The Saudi Investment Recycling Co. (SIRC), in May 2022, did acquire 60% stake in Saudi Daz Waste Recycling Facility.
- International Paper, in March 2021, acquired Spain’s two corrugated packaging plants to help in expansion of capabilities in Catalonia and Madrid.
- Averda, in November 2020, did announce floating aa novel waste management facility for the ‘Tangiers’ for transforming resource management.
“Sustainability and biodegradability are the key factors driving the Old Corrugated Containers (OCC) market”, says an analyst from Future Market Insights.
How does the Report unfold?
- The research study is based on waste paper type (Old Corrugated Container (OCC) – 11, Old Corrugated Container (OCC) – 12, New Corrugated Container (NCC), mixed material, and loose material), and by source (household, commercial & industrial, landfill, and retail).
- With an ever-increasing inclination toward sustainable packaging solutions, the old corrugated containers market is likely to witness an astounding growth in the forecast period.
Old Corrugated Container Market Outlook by Category
By Grade:
- OCC 11
- OCC 12
- WX-OCC
By Source:
- Household
- Manufacturing Facilities
- Retail
By End-use:
- Food & Beverage
- Personal Care & Home Care
- Logistics & Transportation
- Electrical & Electronics
- Healthcare
- Chemical & Fertilizer
- Others (Agriculture, Automotive)
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Middle East & Africa
- Oceania
About Future Market Insights Inc. (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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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