Category

Corrugated Boxes Market Size, Share, Opportunities And Trends By Material Type (High Density Polyethylene, Low Density Polyethylene), By Capacity (1 Liter, 5 Liter, 10 Liter, 16 Liter), By End-User (Chemicals, Food & Beverage, Pharmaceuticals), And Geography - Forecasts From 2019 To 2024

Published: Mar 2020 | Report Code:  KSI061612677 | Pages:  102

Global corrugated boxes market is expected to grow at a compound annual growth rate of 4.36% over the forecast period to reach a market size of US$91.182 billion by 2024 from US$70.573 billion in 2018. Corrugated boxes are made of corrugated paper and are used for packaging of products which require transportation and storage. The growing demand for safe and efficient packaging is expected to be a key driver for the corrugated boxes market. Further the rising demand and preference from various industries such as food & beverage, electronics and pharmaceuticals is anticipated to boost the market for corrugated boxes. Furthermore, the growing e-commerce and logistics industry in countries like India and China is projected to augment growth opportunities for the corrugated boxes market in the upcoming years. However, presence of other protective packaging alternatives like plastic boxes are expected to hamper the market growth from growing to its full potential. Geographically, Asia-Pacific is expected to be a prominent region on account of the growing economies like India and China coupled with the increasing food & beverage industry.

DRIVERS

Growing demand for safe and efficient packaging.

Increasing food & beverage sector.

RESTRAINTS

Presence of alternatives

INDUSTRY UPDATES

In November 2018, WestRock Company a leading provider of differentiated paper and packaging solutions, acquired KapStone Paper and Packaging Corporation with an aim to enhance their product portfolio.

The major players profiled in the Corrugated Boxes market include DS Smith PLC, WestRock Company, Sonoco Products Company, Smurfit Kappa Group, Georgia Pacific LLC, Mondi plc, Packaging Corporation of America.

Corrugated Boxes Market Scope:

Report Metric Details
 Market size value in 2018  US$70.573 billion
 Market size value in 2024  US$91.182 billion
 Growth Rate  CAGR of 4.36% from 2018 to 2024
 Base year  2018
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Billion
 Segments covered  Material, End-User, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  DS Smith PLC, WestRock Company, Sonoco Products Company, Smurfit Kappa   Group,  Georgia Pacific LLC, Mondi plc, Packaging Corporation of America, Cascades   Inc., NEFAB Group, Rengo Co. Ltd., Stora Enso Oyj, Vardhman Packaging Solutions
 Customization scope  Free report customization with purchase

Segmentation

The Corrugated Boxes market has been analyzed through the following segments:

By Material

Plastic

Paperboard

By End-User

Pharmaceuticals

Food and Beverage

Electronics

Automotive

Cosmetics

Others

By Geography

North America

USA

Canada

Mexico

South America

Brazil

Argentina

Others

Europe

Germany

France

United Kingdom

Spain

Others

Middle East and Africa

Saudi Arabia

Israel

Others

Asia Pacific

China

Japan

South Korea

India

Others


Frequently Asked Questions (FAQs)

Q1. What will be the global corrugated boxes market size by 2024?

A1. Global corrugated boxes market is expected to reach a total market size of US$91.182 billion in 2024.

Q2. What are the growth prospects for corrugated boxes market?

A2. The global corrugated boxes market is expected to grow at a compound annual growth rate of 4.36% during the forecast period.

Q3. Which region holds the largest market share in the corrugated boxes market?

A3. Geographically, Asia-Pacific is expected to be a prominent region on account of the growing economies like India and China coupled with the increasing food & beverage industry.

Q4. What is the size of corrugated boxes market?

A4. The corrugated boxes market was valued at US$70.573 billion in 2018.

Q5. What factors are anticipated to drive the corrugated boxes market growth?

A5. The growing demand for safe and efficient packaging is expected to be a key driver for the corrugated boxes market. 

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