The global corrugated box market is projected to grow at a robust CAGR of 4.3% over the forecast period from 2023 to 2033, increasing in value from US$ 140.4 billion in 2023 to US$ 213.9 billion by 2033. This growth is driven by the increasing demand for sustainable and eco-friendly packaging solutions, particularly in regions like Central and Eastern Europe.
Sustainable Packaging Trends in Central and Eastern Europe
In Central and Eastern Europe, the packaging of corrugated boxes is characterized by a sustainable approach and the use of eco-friendly materials, which is highly appreciated by approximately 80% of the population. Consumers increasingly prefer sustainable corrugated packaging solutions for online shopping, with 77% of cases opting for such solutions. Moreover, around 57% of respondents are willing to pay more for customized and sustainable corrugated packaging solutions.
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Market Dynamics:
1. Sustainable and Eco-friendly Packaging: A significant driver of market growth is the consumer preference for sustainable packaging. In Central and Eastern Europe, 80% of the population values the use of sustainable materials in corrugated packaging. Moreover, 77% of online shoppers prefer eco-friendly corrugated packaging solutions, and 57% are willing to pay more for customized and sustainable options.
2. Digitalization and Innovation: The corrugated packaging industry has benefited from digitalization, with companies like Smurfit Kappa leading the way. Innovations in graphic design and customized packaging solutions have led to increased sales and greater flexibility for market players. These advancements are propelling the digitalization of paper-based packaging, creating substantial growth opportunities.
3. E-commerce Growth: The rise of e-commerce is another key growth factor. The increasing volume of online shopping is boosting the demand for corrugated boxes, which are essential for shipping and protecting goods. The market is capitalizing on this trend by offering more customized and efficient packaging solutions to meet the specific needs of e-commerce businesses.
Digitalization and Innovation in Corrugated Industry
Key players in the corrugated industry, such as Smurfit Kappa, are driving innovation through digitalization. By leveraging new technologies and improving existing ones, manufacturers are enhancing their sustainability efforts while meeting the evolving needs of consumers. Customized graphic design solutions tailored to each client have resulted in increased sales and greater flexibility for market players, driving the digitalization of paper-based packaging and creating opportunities for market expansion.
“Growing inclination towards green packaging and surging demand for customized, safe, and shock-absorbing packaging solutions across personal care and cosmetics industry for shipment of e-commerce purchases is augmenting the growth in the market,” says a FMI analyst.
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Key Drivers
- Increasing use of virgin corrugated boxes for the packaging of premium personal care and cosmetic products to offer the luxurious appeal is propelling the demand for corrugated boxes across the virgin segment.
- Surging demand for corrugated boxes for the food delivery of ready-to-eat products such as pizza, cookies, cakes, and burgers among others is accelerating the sales across the food and beverages segment.
Key Restraints
- Rising concerns regarding the deforestation and high cost of manufacturing virgin corrugated boxes are hindering the growth in the virgin segment.
- Low durability in moist weather and vulnerability to water are the factors hindering the sales of corrugated boxes.
Some of the key players operating in the market profiled by FMI are:
- Smurfit Kappa Group Plc
- Mondi Group plc
- International Paper Company
- WestRock Company
- Georgia Pacific Packaging LLC
- Pratt Industries, Inc.
- Oji Holdings Corporation
- DS Smith Packaging Limited
- Tat Seng Packaging Group
- VPK Packaging Group nv
- STORA ENSO OYJ
- Nelson Container Corporation
- Great Little Box Company Ltd.
- Action Box Inc.
- Acme Corrugated Box Co. Inc.
- Wertheimer Box Corporation
- Shillington Box Company
- Bee Packaging
- A.D. Inc. of Milwaukee
- Shanghai DE Printed Box
- Others
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Key segments
By Material Type:
- Virgin
- Recycled
By Board type:
- Single Face Board
- Double Wall Board
- Triple Wall Board
By Grade type:
- Liner
- Fluting Medium
By Product Type:
- Slotted Box
- Folder Box
- Telescope Box
- Die Cut Box
By End Use:
- Food
- Processed Food
- Fresh Produce
- Dairy Products
- Food Grains
- Confectionary and Bakery
- Other Foods
- Beverages
- Alcoholic
- Non-alcoholic
- Electricals & Electronics
- Industrial
- Consumer
- Healthcare
- Pharmaceutical
- Medical Devices
- Textiles & Apparels
- Tobacco
- E-commerce
- Building & Construction
- Homecare
- Automotive & Allied Industries
- Personal Care & Cosmetics
- Chemical & Fertilizers
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- The Middle East & Africa
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 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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