New York 10013, United States of America – March 23, 2022 —
Corrugated and Paperboard Boxes Market Overview
The market value of the corrugated and Paperboard boxes estimates at USD 386.34 billion at a CAGR of 7.35% for the forecast period 2022-2030.
Corrugated and Paperboard boxes are a functional element in packing fruits, vegetables, ready-to-eat food, etc. These are the second packaging solutions optimized by end-use industries. The cartons are very convenient and user-friendly when put in use. Although they cover significantly less space, one can easily fold the boxes when not in use—the manufacturing processes with fluting protect the packed products from being fragile while transiting.
The containers can be reused and recycled from the apparatus. It makes them a highly sustainable packaging product. Thus, all these factors turn the critical drivers to a rise in demand for corrugated and Paperboard boxes.
Likewise, because of the significant contribution of the e-commerce industry, corrugated and Paper boxes reached new heights in the past years. The increasing purchase and usage of online shopping induced via the internet. The cardboards and crates of the products are available in various sizes. These are suitable for small items packagings such as cosmetics or healthcare equipment and large items like furniture and electronic products simultaneously.
Similarly, the growing trend of online purchasing through e-commerce platforms is driving the sales of corrugated and Paper boxes at large. Hence, the rise in demand can provide various sales opportunities to manufacturers, resulting in faster market growth. A change in public preference can also boost the demand and supply of the boxes shortly.
However, everyone is aware of how the CoViD-19 outbreak has led the world to an economic crisis. In the same way, the pandemic has severely impacted the growth and rise in demand for corrugated and Paperboard boxes. The global restrictions declined the supply chain hampered the development of supplied products. The forced shutdown across the globe disrupted many end-use industries.
Nevertheless, the present protocols which lifted the lockdown in 2021 have shown positive outcomes. Now, the growth rate for the paper boxes will be higher in the forecasting period than in the past two years.
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The major market players in the market are
- Mondi Group t(Austria)
- Georgia-Pacific Corporation (U.S.)
- International Paper Company (U.S.)
- Smurfit Kappa Group (Ireland)
- Graphic Packaging International, Inc. (U.S.)
- Cascades Inc. (Canada)
- DS Smith Plc (U.K.)
- Klabin S.A.(Brazil)
- Oji Holding Corporation (Japan)
- Nine Dragons Paper(Holding) Limited (China)
- Packaging Corporation of America (U.S.)
- Nippon Paper Industries Co. Ltd (Japan)
- Orora Packaging Australia Pty Ltd (Australia)
- Rengo Co., Ltd. (Japan)
- WestRock (U.S.).
Corrugated and Paperboard Boxes Market Segmentation
The market segmentation of corrugated and Paperboard boxes is classified based on material, product, and application. The material consists of Paperboard, ink, waxes, adhesives, etc. Following the continuous implementation of paperboard material, the market size may dominate till 2023. After that, the product segmentation of market sub-divides in various parts like folding paperboard boxes, corrugated and solid paper boxes, set-up paperboard boxes etc. Last, the application of the market segments food items, chemicals, papers, durable goods, etc. Out of these durable goods can project market growth in upcoming years.
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The regional classification of corrugated and Paperboard boxes comprises North America, Asia Pacific, Europe, and the rest regional areas. Based on the regional segmentation, Asia-Pacific may witness massive growth in the forecasting period. North America will also play a vital role in expanding the market size because of the rapidly growing electronicand food & beverage’s industry. On the other side, Europe can significantly contribute due to their increasing packaging methods in the economy.
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The corrugated and Paperboard boxes consist of various layers on the packaging. Although, owing to their high durability, strength, rise in demand and govern regulations, the market will soon witness tremendous growth in the forecasting period with a 7.35% CGAR.
Table of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
5 Global Corrugated And Paperboard Boxes Market By Materials
5.2.1 Market Estimates & Forecast, 2020-2027
5.2.2 Market Estimates & Forecast By Region, 2020-2027
5.3.1 Market Estimates & Forecast, 2020-2027
5.3.2 Market Estimates & Forecast By Region, 2020-2027
5.4.1 Market Estimates & Forecast, 2020-2027
5.4.2 Market Estimates & Forecast By Region, 2020-2027
5.5.1 Market Estimates & Forecast, 2020-2027
5.5.2 Market Estimates & Forecast By Region, 2020-2027
5.6.1 Market Estimates & Forecast, 2020-2027
5.6.2 Market Estimates & Forecast By Region, 2020-2027
6 Global Corrugated And Paperboard Boxes Market, By Product
6.2 Corrugated & Solid Fiber Boxes
6.2.1 Market Estimates & Forecast, 2020-2027
6.2.2 Market Estimates & Forecast By Region, 2020-2027
6.3 Set-Up Paperboard Boxes
6.3.1 Market Estimates & Forecast, 2020-2027
6.3.2 Market Estimates & Forecast By Region, 2020-2027
6.4 Folding Paperboard Boxes
6.4.1 Market Estimates & Forecast, 2020-2027
6.4.2 Market Estimates & Forecast By Region, 2020-2027
6.5.1 Market Estimates & Forecast, 2020-2027
6.5.2 Market Estimates & Forecast By Region, 2020-2027
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