Corrugated Box Market To Reach USD 128.3 Billion In 2025 | CAGR 3.7% - Forencis Research

Corrugated Box Market Size, Share, Trends, Growth, Analysis, Research

Global Corrugated Box Market: Key Highlights

  • According to the new market research report Corrugated Box Market by Type (Single-Phase Corrugated, Single Wall Corrugated Box, Double Wallboard, and Triple Wallboard) by Flute Type (Type A Flute, Type B Flute, Type C Flute, Type E Flute, and Type F Flute) by Fold Style (Regular Slotted Container (RSC), Full Overlap Container (FOL), Half Slotted Type, Telescope Type, Fold Type & Tray, and Others) by End-User (Food and Beverage, Electronics, Personal Care, Pharmaceutical, Chemical, and Others) by Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) – Global Forecast From 2020To 2025, the global corrugated box market is estimated to reach USD 128.3 Billion in 2025 at a CAGR of 3.7% during forecast period 2020-2025.
  • Growing global packaging industry coupled with higher demand for eco-friendly packaging are some of the factors which are expected to drive the corrugated box market during the forecast period
  • However, rising raw material price is expected to restrain the market during the forecast period

Corrugated Box Market

Global Corrugated Box Market: Key Market Dynamics

  • The growth of the global packaging industry owing to the rise in e-commerce sales with an emerging trend of Fit-to-Product packaging is acting as major driving factors behind the corrugated box market growth. Shifting preference to processed and packaged food products are further driving the market growth.
  • The market is experiencing growth on account of higher demand for eco-friendly packaging. The demand for sustainable packaging is rising owing to higher concern towards the prevention of environmental degradation.
  • The fluctuation in the raw material prices owing to supply disruption is projected to hamper the market growth in the near future
  • Growing e-commerce sector is boosting the demand for sustainable packaging, which further fuels the corrugated box market
  • Performance limitation of the corrugated box under extreme mechanical stress conditions is the major challenge of the corrugated box market

 Global Corrugated Box Market: Regional Overview

  • Asia-Pacific

The corrugated box market in the Asia Pacific is expected to witness growth in the forecast period owing to rise in demand for green packaging coupled with growing e-commerce sales. As per the E-Commerce in a Global Environment report, E-commerce sales in the Asia Pacific reached USD 808 billion in 2017 from USD 19.84 billion in 2011. In addition to this, ongoing economic development, increasing per capita income, higher demand for processed food products and beverages in countries such as China and India are projected to boost the demand for sustainable packaging. This further escalates regional market growth. 

  • North America

In North America, the corrugated box market is booming on the grounds of higher environmental awareness in countries such as the United States and Canada. Increased penetration of the internet leading to higher use on online sites for shopping purposes, has created a higher demand for the corrugated boxes in the North America region.  

Global Corrugated Box Market: Key Players Overview

  • Rengo Co., Ltd.:

Rengo Co., Ltd., is a Japan based manufacturer that produces paperboard, corrugated packaging, folding carton, heavy-duty packaging, and other products to boost product safety. In 2019, the company announced that it has acquired maximum (80%) shares along with the voting rights of Japan based NISHIHARA-SHIGYO Co., Ltd. for expansion of Rengo Group’s corrugated packaging business.

  • Smurfit Kappa:

Smurfit Kappa, an Ireland based corrugated packaging company that engages in the manufacturing and distribution of the corrugated packaging boxes. These boxes are used in bakery, chemical, confectioneries, snacks, dairy products, health and beauty, meat, fish and poultry business. The company offers a range of products across the Americas and Europe.

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Rep Id : CM 038

Published : 2020-01-28