The global corrugated box market net valuation is estimated to be around USD 140.4 billion in 2023. As per the market analysis report by FMI, it is anticipated to register a CAGR of 4.3% from 2023 to 2033 and reach an overall valuation of USD 213.9 billion by the end of the forecast period.
Having faced the COVID-19 pandemic, the demand for corrugated boxes has grown significantly along with the proliferation of online market networks. People are becoming increasingly concerned and vocal about using sustainable products, which is leading to the corrugated box market’s expansion.
Although corrugated boxes are increasingly in demand among consumers, the production energy required is significantly high than that for plastic production. In addition to using the wood pulp in their manufacturing, corrugated boxes have a significant environmental impact as corrugated plastic boxes are non-degradable. Owing to these reasons, manufacturers and packaging converters may face challenges to realize their full potential during the forecast years.
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Key Takeaways from the Corrugated Box Market Study Report
- The United States contributed more than 18% of the overall market revenue generated by the global market in the year 2022. The United States corrugated box market size is estimated to be nearly USD 24,360.7 million in the present year 2023.
- The demand for corrugated boxes in almost all Asia Pacific countries is relatively high nowadays and is anticipated to display a high CAGR through 2033. The year-on-year growth rate of sales of corrugated boxes in the ASEAN region is projected to be 7.6% during the forecast years.
- Germany is the leading producer and supplier of corrugated boxes in the Europe region with a market value estimation of USD 4,352 million in 2023.
Competitive Landscape for the Corrugated Box Market Players
Several notable players are operating in the global corrugated box market, including Mondi Group Plc, Bee Packaging, DS Smith Packaging Limited, Oji Holdings Corporation, Smurfit Kappa Group Plc, International Paper Company, WestRock Company, Georgia Pacific Packaging LLC, Pratt Industries, Inc., Tat Seng Packaging Group, VPK Group, STORA ENSO OYJ, Nelson Container Corporation, Great Little Box Company Ltd., Acme Corrugated Box Co. Inc.
Companies operating in the corrugated boxes market are aiming at product launches, expansions, and strategic partnerships with other manufacturers. Additionally, the key players are expanding their product manufacturing capabilities, product portfolio, and global presence.
Several leading corrugated box manufacturers are undertaking intensive research and development activities. Rengo Co., Ltd is a leading cardboard manufacturing company based in Japan and competing at the global level.
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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