Corrugated Boxes Market Reach Around US$ 204 Billion by 2023 and CAGR 3.2%

Global Corrugated Boxes Market Research Report, Trends, Growth, Share, Size and Forecast Till 2023

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Report Description and Highlights

Report Description

Corrugated Boxes Market Report By Material Used (Recycled Corrugates and Virgin Corrugates), EndUse (Food Products & Beverages, Paper Products, Electrical & Electronic Goods, Personal and Household Care Goods, Chemicals, Glassware & Ceramics, Textile Goods and Others), Region The global corrugated boxes market is currently growing at a steady rate. Over to the years, corrugated boxes are now being increasingly across various sectors such as e-commerce, textiles, food and beverages, automotive, etc.

Market Overview: Corrugated boxes, often confused with cardboard boxes, are made from three layers wherein two of them are lined on the top and bottom, while the third has a wavy surface of cardboard on to both the sides. These boxes are made up with corrugated boards that trap air amidst them, acting as a cushion for safeguarding the content stored inside. Corrugated boxes are durable, strong, light-weight, flexible, shock-proof, eco-friendly and economical in nature. Owing to these attributes, corrugated boxes are often used for shipping goods worldwide. A new research report by IMARC Group, titled “Corrugated Boxes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023�, estimates that the market reached a value of US$ 168.6 Billion in 2017. The report further anticipates the market to reach around US$ 204 Billion by 2023, at a projected CAGR of 3.2% over the forecast period.

Report Description and Highlights

Report Description Market Drivers/Constraints: • • • •

Corrugated boxes currently occupy a large share in the packaging industry and are extensively used in the packaging of a number of consumer products such as soft drinks, medicines, food & non-food products, etc.

The rising trend of online shopping, availing free or affordable shipping worldwide, convenient and faster delivery facilities and hassle-free return policies have facilitated the demand for corrugated boxes across the globe.

Rapid urbanisation and increasing population have been the proactive factors for fuelling the global corrugated boxes market. Moreover, for expanding the consumer-base, manufacturers have incorporated product packaging in different sizes, shapes and colours.

However, there are several factors that hamper the market growth. Corrugated boxes are not weather-proof; hence, they may not withstand hot temperature, rains or interaction with any kind of liquids.

Corrugated Boxes Market Segmentation: Performance by Material Used Request for a sample report: https://www.imarcgroup.com/request?type=report&id=67&flag=B

Market Forecast

Sample Figure: Global: Corrugated Boxes Market Forecast: Consumption Volume (in Billion Sq. Meters), 2018-2023

184.3

191.7

199.3

207.3

2018

2019

2020

2021

215.6

224.2

2022

2023

Market Segmentation

Report Description o Recycled Corrugates o Virgin Corrugates

Based on the material used, recycled corrugates exhibit a clear dominance in the market. Recycled corrugates is followed by virgin corrugates.

Performance by End-Use • • • • • • • •

Food Products and Beverages Paper Products Electrical and Electronic Goods Personal and Household Care Goods Chemicals Glassware and Ceramics Textile Goods Others

The food products and beverage sector dominate the market, accounting for majority of the total market share. Other end-use sector includes electrical and electronic goods, personal and household care goods, glassware and ceramics, paper product, chemicals and textile goods.

Market Segmentation

Report Description Market Segmentation by Region • • • • •

North America Europe Asia Pacific Latin America Middle East and Africa

On a geographical front, North America enjoys a leading position in the global corrugated boxes market.

Attributes such as light-weight and biodegradability have led to an increase in its demand. North America is followed by Europe, Asia-Pacific, Latin America, and Middle East and Africa.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

• •

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Regional Segmentation

North America

Europ e

Asia- Pacific

Latin America

Middle East and Africa

Market Segmentation

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Report Description and Highlights

Report Description

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