Global Corrugated Boxes Market to Grow at a CAGR of 4.7% During 2024-2032, Aided by the Growing Demand from the E-commerce Sector

The growing commercialisation and the increasing consumer goods demand, along with a surge in online shopping, are driving the corrugated boxes market growth. The expansion of industries like e-commerce, personal care, food and beverage, amongst others, is fueling a heightened need for corrugated boxes for packaging. The rise of direct-to-consumer models has particularly boosted the demand for sturdy and protective corrugated packaging. The surge in online shopping from popular websites like Amazon (NASDAQ: AMZN) has led to an increased demand for corrugated boxes as they serve as an ideal packaging choice for shipping goods to prevent damage and ensure enhanced protection.

In addition, with increasing environmental awareness, there is a growing preference for sustainable and eco-friendly packaging solutions. Corrugated boxes, being recyclable and made from renewable materials, align with the growing trend of sustainable packaging practices.

Further, with increasing demand trend in encouraging companies to expand facilities. For instance, in October 2023, Visy inaugurated a new corrugated cardboard box facility in Australia. The company invested USD 111 million, with a capacity to manufacture up to one million boxes per day. Furthermore, the rising research and developments in the innovation of corrugated boxes are giving rise to advanced and stronger boxes. In December 2023, Boxery, launched an advanced corrugated shipping boxes line specially designed for e-commerce efficiency.

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Market Breakup by Material, End Use, and Region:

• The market is segmented based on material into recycled corrugates and virgin corrugates.

• Based on end use, the market can be divided into food products and beverages, paper products, electrical and electronic goods, personal care and household goods, chemicals, glassware and ceramics, textile goods, and others.

• Region-wise, the global market for corrugated boxes can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global market for corrugated boxes is being driven by the growing popularity of online shopping and the expanding e-commerce sector especially in emerging nations.

• The attributes of corrugated boxes, including their durability, ability to ensure secure transportation of goods, lightweight, and  sustainable nature are supporting their use across diverse sectors including food and beverages and personal care.

• Companies are increasingly focusing on catching up with sustainability trends and are thus increasing their utilisation of corrugated boxes made from recycled content to reduce their carbon footprint and promote sustainable development.

Key Offerings of the Report:

• The EMR report gives an overview of the global corrugated boxes market for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the material, end use, and major regions of corrugated boxes.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the corrugated boxes market are International Paper Company, Nine Dragons Paper (Holdings) Limited, WestRock Company, Smurfit Kappa Group plc, and Rengo Co., Ltd. amongst others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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