Corrugated Boxes Market Size, Share, Opportunities, COVID-19 Impact, 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 : Apr 2021
- Report Code : KSI061612677
- Pages : 102
The 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 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, the presence of other protective packaging alternatives like plastic boxes is 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.
Growing demand for safe and efficient packaging.
Increasing food & beverage sector.
Presence of alternatives
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, and Packaging Corporation of America.
Corrugated Boxes Market Scope:
|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|
|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|
The Corrugated Boxes market has been analyzed through the following segments:
Food and Beverage
Middle East and Africa
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