Global Corrugated Boxes Industry is Expected to Grow Approximately at 3.91% CAGR by 2023

Market Research Future published a cooked research report on global corrugated boxes market. The global corrugated boxes market is expected to grow around 3.91% CAGR during the period 2017 to 2023.

Global Corrugated Boxes Market Information by Type (Rigid Boxes, Self-Erecting Boxes, Telescope Boxes, Slotted Boxes and Others), By Wall Construction (Single-Wall, Double-Wall, Triple-Wall), By Application (Food & Beverages, Consumer Goods, Personal Care, Healthcare, E-Commerce, Others) And Region – Forecast To 2023

Market Synopsis
The global corrugated boxes market is driven by Asia-Pacific followed by Europe. In 2016, Asia-Pacific accounted for the largest market share of 49.50% and is projected to grow at the highest CAGR, in terms of value, during the forecast period. Steady growth in e-commerce business and food and beverage industry in Asia-Pacific region offers a potential opportunity for the corrugated boxes market to boom during the forecast period.  The Europe region has the highest paper recycling rate which is leading to an increased production of corrugated boxes.

Corrugated boxes are used in various applications such as food & beverages, consumer goods, personal care, healthcare, e-commerce and others. Among these, food and beverages segment is expected to grow the highest during the forecast period. In the food and beverage industry, corrugated boxes are used for products such as liquid bottles, fruits & vegetables and processed foods such as readymade pizzas along with confectionary products. In addition, online retailing of food and beverages has also boosted the use of corrugated boxes, resulting in overall market growth. 

Market Highlights
The electronics sector is continuously evolving with new developments. Due to the increase in internet and mobile penetration, there has been rise in the acceptance of online payments and favourable demographics, which has given the companies in the electronic sector, an opportunity to connect with their customers. Thus, rapid growth in electronic sector is one of the major factors, driving the market growth.

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Market Research Analysis
The global corrugated boxes market has been analyzed based on the three segments, namely type, wall construction, application across four geographic regions. Based on type, the market has been segmented as rigid boxes, self-erecting boxes, telescope boxes, slotted boxes and others. In 2016, rigid boxes segment was valued at USD 18,062.7 million. Rigid box is the sturdiest type of corrugated box, providing enough safety for the products in transit. On the basis of wall construction, the corrugated boxes market is bifurcated as single-wall, double-wall and triple-wall. Among these, single-wall accounted for the largest market share of 41.20% in 2016. As, single wall corrugated sheets are cheaply available and are widely used as a shipping case for online merchants.

Based on applications, the market has been segmented as food & beverages, consumer goods, personal care, healthcare, e-commerce and others. The increased demand for processed food products is leading to the increased adoption of the corrugated boxes. Food & Beverages segment accounted for the largest market share of in 2016, and is projected to grow at a CAGR of 4.39% during the forecast period.

Scope of the Report
This study provides an overview of the global corrugated boxes market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for Asia-Pacific, North America, Europe and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global corrugated boxes market by its type, by wall construction, by application and regions.

By Type

  • Rigid Boxes
  • Self-Erecting Boxes
  • Telescope Boxes
  • Slotted Boxes
  • Others 

By Wall Construction

  • Single-Wall Corrugated Boxes
  • Double-Wall Corrugated Boxes
  • Triple-Wall Corrugated Boxes 

By Application

  • Food & Beverages
  • Consumer Goods
  • Personal Care
  • Healthcare
  • E-Commerce
  • Others 

By Region

  • Asia Pacific
  • North America
  • Europe
  • Rest of World 

Key Players
The key players of the global corrugated boxes market are 

  • Mondi Group (Austria)
  • Smurfit Kappa Group (Ireland)
  • International Paper Company (U.S.)
  • Orora Packaging Australia Pty Ltd. (Australia)
  • WestRock (U.S.)
  • Georgia-Pacific LLC (U.S.)
  • Archis Packaging Pvt. Ltd. (India)
  • Europac Group (U.K.)
  • KapStone Paper and Packaging Corporation (U.S.)
  • Nefab Group (Sweden)

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The global corrugated boxes market is a very dynamic market and is expected to witness high growth over the forecast period. The growth of corrugated boxes market is influenced by the strong growth in e-commerce, rapid growth in the electronic sector and growing demand for product safety. However, government regulation for corrugated boxes and adverse effects on the environment are expected to hinder the growth of the market. In 2016, the global corrugated boxes market was valued at USD 61,229.4 million and is projected to grow at a CAGR of 3.91% during the forecast period.

The report for Global Corrugated Boxes Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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Table of Contents

1    Executive Summary

2    Research Methodology

    2.1   Scope of the Study

    2.1.1     Definition

    2.1.2     Research Objective

    2.1.3     Assumptions

    2.1.4     Limitations

    2.2   Research Process

    2.2.1     Primary Research

    2.2.2     Secondary Research

    2.3   Market size Estimation

    2.4   Forecast Model

3    Market Dynamics

    3.1   Market Drivers

    3.2   Market Inhibitors

    3.3   Supply/Value Chain Analysis 

    3.4   Porter’s Five Forces Analysis

4    Global Corrugated Boxes Market, By Type

    4.1   Introduction

    4.2   Rigid Boxes

    4.3   Self-Erecting Boxes

    4.4    Telescope Boxes

    4.5   Slotted Boxes

    4.6   Others

5    Global Corrugated Boxes Market, By Wall Construction

    5.1   Introduction

    5.2   Single-wall corrugated boxes

    5.3   Double-wall corrugated boxes

    5.4   Triple-wall corrugated boxes

6    Global Corrugated Boxes Market, By Application 

    6.1   Introduction

    6.2   Food & Beverages

    6.3   Consumer Goods

    6.4    Personal Care

    6.5    Healthcare

    6.6   E-Commerce

    6.7    Others

7      Regional Market Analysis

    7.1           Introduction

    7.2    North America

    7.2.1    U.S.

    7.2.2    Canada

    7.3    Europe

    7.3.1    U.K

    7.3.2    France

    7.3.3    Germany

    7.3.4    Rest of Europe

    7.4    Asia-Pacific

    7.4.1    China

    7.4.2    Japan

    7.4.3    India

    7.4.4    Rest of Asia-Pacific

    7.5    Rest of the World  

8             Competitive Analysis

    8.1    Introduction

    8.2    Competitive Scenario

    8.2.1    Market Share Analysis

    8.2.2    Market Development Analysis

    8.2.3    Material/Service Benchmarking 

    8.3    Mondi Group (Austria)

    8.3.1    Overview

    8.3.2    Material/Service Offering

    8.3.3    Strategy

    8.4     Smurfit Kappa Group (Ireland)

    8.4.1    Overview

    8.4.2    Material/Service Offering

    8.4.3    Strategy

    8.5    International Paper Company (U.S.)

    8.5.1    Overview

    8.5.2    Material/Service Offering

    8.5.3    Strategy

    8.7    Orora Packaging Australia Pty Ltd. (Australia)

    8.7.1    Overview

    8.7.2    Material/Service Offering

    8.7.3    Strategy

    8.7    WestRock (U.S.)

    8.7.1    Overview

    8.7.2    Material/Service Offering

    8.7.3    Strategy

    8.8    Georgia-Pacific LLC (U.S.)

    8.8.1    Overview

    8.8.2    Material/Service Offering

    8.8.3    Strategy

    8.9    Europac Group (U.K.)

    8.9.1    Overview

    8.9.2    Material/Service Offering

    8.9.3    Strategy

    8.10   KapStone Paper and Packaging Corporation (U.S.)

    8.10.1    Overview

    8.10.2    Material/Service Offering

    8.10.3    Strategy

    8.11   Nefab Group (Sweden)

    8.11.1    Overview

    8.11.2    Material/Service Offering

    8.11.3    Strategy

    8.12   Archis Packaging Pvt. Ltd. (India)

    8.12.1    Overview

    8.12.2    Material/Service Offering

    8.12.3    Strategy

 

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