Corrugated Boxes Market Size Expected to Reach USD 269.19 Bn by 2033

Ottawa, Oct. 03, 2024 (GLOBE NEWSWIRE) -- The global corrugated boxes market size is predicted to increase from USD 180.26 billion in 2025 to approximately USD 269.19 billion by 2033, a study published by Towards Packaging a sister firm of Precedence Statistics. The sector is expected to expand at a solid CAGR of 5.14% between 2024 and 2033.

Key Takeaways:

  • Rapid growth in e-commerce due to an increase in online shopping is the major factor that drives the market.
  • Sustainable packaging drives market growth in North America due to increased requirement in eco-friendly packaging materials.
  • Food and beverage industry is the dominating sector in market due to online-delivery products.
  • Excessive use of pulp and its rising prices is an unceasing challenge for the market.

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Market Overview

The corrugated boxes market revolves around use pulp-based containers which are used in various application due to their durability and versality. Along with this, cost-effective packaging and stiff resistance are the leading objectives of the market. The demand for e-commerce products has increased the requirement of corrugated boxes. The variety of sizes attributes to the benefits of sustainable packaging solutions. The efficiency in providing robust and efficient protection and the increasing demand for sustainable packaging has skyrocketed its market growth. Corrugated boxes, known for their lightweight, strength, and versatility, are widely used for shipping and storage in industries such as food and beverage, consumer goods, electronics, and pharmaceuticals.

Driver

E-commerce and sustainability have driven market demand

The major driving factor is the increasing demand for sustainable packaging and the boom in e-commerce sector which increases the demand of corrugated boxes for shipping products like electronic devices and furniture. Corrugated boxes are recyclable which is a wining point for the companies since it also maintains sustainable drive across the market.

The rapid expansion of the e-commerce industry has significantly increased the demand for corrugated boxes. As online shopping continues to rise, companies require robust and efficient packaging solutions to ensure safe delivery of products.

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Restraint

Higher costs of materials and environmental concerns hinder the market growth

The leading challenges which hinder the growth of corrugated market is raw material costs and environmental concerns like the excessive use of pulp which can lead to deforestation. The prices of raw material like pulp and paper shortage can change due to economic ups and downs, in result, affecting the profit margin.

Technological advancements in corrugated boxes include two-layer and three-layer boxes which are capable of rolling into rolls and which provides high transverse and longitudinal stiffness along with being an affordable material for corrugated containers. The five layer and seven layers had high strength and perfect stability which increased their demand in production of decorations, advertising posters, signs.

The significant advancement in sustainable material, customization in designs and configurations and availability of printed boxes is what increases the corrugated boxes market growth. Along with it, tracking of packaging products through QR codes and RFID tags have made it easy to secure packaging from risks of thefts. Furthermore, integration of combination which include bio textiles or bioplastics are also excellent advancements in corrugated boxes market.

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Opportunity

Recycled material and AI Integration

The corrugated boxes market offers opportunities in providing recyclable and reusable materials made from bio-degradable materials like paper and paper-board or wood material which is a sustainable option. The plant-based fibre and combinations of biochemicals can also create opportunities for the market. Technological advancements in corrugated boxes include two-layer and three-layer boxes which are capable of rolling into rolls and which provides high transverse and longitudinal stiffness along with being an affordable material for corrugated containers.

The five layer and seven layers had high strength and perfect stability which increased their demand in production of decorations, advertising posters, signs. The significant advancement in sustainable material, customization in designs and configurations and availability of printed boxes is what increases the corrugated boxes market growth. Along with it, tracking of packaging products through QR codes and RFID tags have made it easy to secure packaging from risks of thefts. Furthermore, integration of combination which include bio textiles or bioplastics are also excellent advancements in corrugated boxes market.

Regional Insights

Asia-Pacific leads the largest market for corrugated boxes

Asia-Pacific is the leading region in corrugated boxes market due to rapid urbanization in countries like China and India which are the booming centre of industrial sector. E-commerce sector is also contributing to the growth rate of the market. The increasing consumer base which prefers online shopping has increased the requirement of corrugated boxes due to their reliable and sturdy nature. The recyclable feature of corrugated boxes has increased it use and has become a significant base for the sustainable drive as the Asia-Pacific region focuses on use of sustainable packaging solutions.

In June 2024, the Goods and Service Tax Council during the 53rd GST Council meeting of Union Minister for Finance and Corporate Affairs, had recommended the GST reduction on cartons like boxes, and cases made of corrugated paper or paperboard and non-corrugated paper or paperboard from 18% to 12%. The council had lowered taxes on various items like milk cans, solar cookers—whether single or dual energy source.

Europe has significantly contributed to the corrugated boxes market as the European market focuses more on the sustainable use of packaging and corrugated boxes drive the adoption of eco-friendly packaging. The recyclable and bio-degradable properties of the boxes have made it an efficient choice for boost of circular economy and in process reduction of waste and conservation of resources are the additional benefits to the European region. Apart from this, the innovative insights on corrugated boxes have improved their performance and also have increased their growth rate in Europe. Environmental rules also play a big part in the initiating the adoption of sustainable packaging.

In February 2024, DS Smith PLC, a United Kingdom-based producer of paperboard and packaging, had developed a recyclable paperboard which was made from corrugated cardboard and not from any plastic materials. The product was developed for the Bosch Home Comfort Group which is a subsidiary of Germany-based subsidiary of Robert Bosch GmbH and had aimed to support sustainable goals by being fully recyclable.

North America is the fastest growing market and is driven by well established infrastructure which runs the smooth supply chain market and increases the growth rate of the corrugated market. Consumers are ready to purchase green packaging products which comes with recyclable ability and it is achievable, given the reason that packaging converters and value-chain partners focus on sustainable packaging solutions. Customization also increases the purchase of boxes since it adds new innovative designs and shapes according to the manufacturer preferences. The sustainable focus drives the adoption of sustainable options like corrugated boxes and the government initiatives supporting eco-friendly packaging has skyrocketed the market growth. The focus on innovating eco-friendly packaging has also increased competition among companies, in result, increasing the market drive.

In November 2023, the prices of US brown linerboard had descended up to $20 and the fall was mostly observed in Northeast and in Los Angeles. The full-scale decline of brown recycled and unbleached linerboard had affected the American market and the prices had gone down by $10 per ton for 42-lb kraft and 35 and 36 per lb higher performance linerboard, $130 per ton for 30-30 per lb recycled linerboard and $170 per ton 26lb semichemical corrugating medium.    

Top Companies Leading the Corrugated Boxes Market

  • International Paper
  • DS Smith
  • Smurfit Kappa
  • Rengo Co. Ltd
  • Mondi
  • Cascades Inc.
  • Packaging Corporation of America
  • Georgia-Pacific, LLC
  • WestRock Company
  • Nine Dragons Worldwide (China) Investment Group Co., Ltd.
  • National Carton Factory (NCF)
  • Australian Corrugated Packaging
  • Visy
  • GB Pack

Recent Developments

Company Colpac
Headquarters United Kingdoms
Recent DevelopmentIn September 2024, Colpac had launched a paper boarding packaging line which was designed for foodservice environments. The company had aimed to offer light manufactured products to its customers.


Company WestRock
Headquarters United States of America
Recent DevelopmentIn May 2024, WestRock in collaboration with Coca-Cola Beverages had developed a paperboard ring which were renewable and an efficient multipack system. The company had expected to replace plastic rings which were 200,000 pounds with paperboard rings which was a good alternative.

Segmental Insights

By Material Type

The linerboard segment is the dominating segment in the corrugated boxes market. It is dominating due to its properties which are durability and sustainability. The linerboard segment provides easy handling, strong protection and adaptability and can also be easily recycled or bio-degraded. Apart from this, linerboard materials are made from 70-80% virgin chemical pulp fibre provides a top paper grade and is used retail industries and as shipping boxes. The linerboard segment is made of out of kraft paper and is the face of the fibreboard sheet.

The medium segment is the fastest growing segment in corrugated boxes market. It will dominate the market due to its properties which are providing protection, durability and preserving product quality. The medium is the ridges or arches, called flutes which rest between two liner walls and provides boxes the ability to support heavier weight.

By End-User Industry

The food and beverage segment are the dominating segment in the corrugated boxes market. The segment dominates due its requirement for durable and heavyweight carriers. The corrugated boxes provide extra thickness and its higher burst of strength secures the food products during delivery process. The global consumption of packed food has increased the demand of corrugated boxes.

The e-commerce segment is the fastest growing segment in corrugated boxes market. The features like good stacking strength, compression properties and crush resistance provide security to the online-shopped products like electronics, furniture, consumer goods like jewellery and shoes, various food items. The different sizes in flutes have increased the e-commerce market and also the significant growth of corrugated boxes market.

More Insights in Towards Packaging

  • The high impact corrugated boxes market size reached US$ 73.90 billion in 2024 and is projected to hit around US$ 99.57 billion by 2034, expanding at a CAGR of 3.04% during the forecast period from 2024 to 2034.
  • The global corrugated plastic tray market size reached US$ 665.47 million in 2023 and is projected to hit around US$ 1190.73 million by 2034, expanding at a CAGR of 5.14% during the forecast period from 2024 to 2034.
  • The global multi depth corrugated box market size reached US$ 4.68 billion in 2023 and is projected to hit around US$ 8.65 billion by 2034, expanding at a CAGR of 5.23% during the forecast period from 2023 to 2034.
  • The global non-corrugated boxes market size reached USD 67.22 billion in 2024 and is projected to hit around USD 137.79 billion by 2034, expanding at a CAGR of 7.5% during the forecast period from 2024 to 2034.
  • The global heavy duty corrugated packaging market size reached US$ 23.11 billion in 2023 and is projected to hit around US$ 41.76 billion by 2033, expanding at a CAGR of 5.57% during the forecast period from 2024 to 2034.
  • The global corrugated mailers market size reached US$ 4.18 billion in 2023 and is projected to hit around US$ 8.99 billion by 2034, expanding at a CAGR of 7.30% during the forecast period from 2024 to 2033.
  • The global corrugated packaging market size accepted to grow from USD 276 billion in 2022 and it is predicted to hit around USD 410.50 billion by 2032, at 4.10% CAGR from 2023 to 2032.
  • The global battery packaging market size reached US$ 30 billion in 2023 and is projected to hit around US$ 105.9 billion by 2034, expanding at a CAGR of 12.15% during the forecast period from 2024 to 2034.
  • The global 3D rendering market size reached US$ 3.85 billion in 2023 and is projected to hit around US$ 23.78 billion by 2034, expanding at a CAGR of 18% during the forecast period from 2024 to 2033.
  • The global hot-fill food packaging market size is estimated to reach USD 71.26 billion by 2033, up from USD 49.85 billion in 2023, at a compound annual growth rate (CAGR) of 3.76% from 2024 to 2033.

Corrugated Boxes Market Segments

By Product Type

  • Slotted Boxes
  • Telescope Boxes
  • Folder Boxes
  • Rigid Boxes

By Material Type

  • Linerboard
  • Medium
  • Others

By Printing Technology 

  • Digital Printing
  • Flexographic Printing
  • Lithographic Printing
  • Others

By End Use

  • Food & Beverage
  • Industrial
  • Home & Personal Care
  • Textile Goods
  • Glassware & Ceramics
  • E-Commerce and Parcel Delivery
  • Agricultural Produce
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Sweden
    • Denmark
    • Norway
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Thailand
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East and Africa (MEA)
    • South Africa
    • UAE
    • Saudi Arabia
    • Kuwait

View Corrugated Boxes Market Full TOC: https://www.towardspackaging.com/table-of-content/corrugated-boxes-market-sizing

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About Us

Towards Packaging is a leading global consulting firm specializing in providing comprehensive and strategic research solutions. With a highly skilled and experienced consultant team, we offer a wide range of services designed to empower businesses with valuable insights and actionable recommendations. We stay abreast of the latest industry trends and emerging markets to provide our clients with an unrivalled understanding of their respective sectors. We adhere to rigorous research methodologies, combining primary and secondary research to ensure accuracy and reliability. Our data-driven approach and advanced analytics enable us to unearth actionable insights and make informed recommendations. We are committed to delivering excellence in all our endeavours. Our dedication to quality and continuous improvement has earned us the trust and loyalty of clients worldwide.

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10/03/2024 11:30 -0400

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