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Market Overview of Global Corrugated Boxes market:
According to our latest research, the global Corrugated Boxes market looks promising in the next 5 years. As of 2022, the global Corrugated Boxes market was estimated at USD 169554.0 million, and it's anticipated to reach USD 226732.46 million in 2028, with a CAGR of 4.96% during the forecast years.
Corrugated boxes are assembled from three layers of corrugated cardboard. The cardboard is mainly made of cellulose fibers extracted from wood. It is the main packaging method used to transport various items. These sheets help trap air between them and act as cushions to protect the contents of the box. Compared with other forms of packaging, corrugated boxes provide many advantageous characteristics, including high strength, rigidity, flexibility, high durability, light weight and aesthetic value. In addition, these boxes are essentially environmentally friendly because they do not use any harmful chemicals in their manufacture and can be easily recycled. Corrugated boxes are widely used in various industries such as food and beverages, chemicals, glassware and ceramics, paper, medicine, electronics, textiles, personal care and household products.
Outstanding advantages of the product itself
Corrugated boxes have low manufacturing costs, are very environmentally friendly in nature, can be recycled, and can be used multiple times. Because they do not use any harmful chemicals in their manufacturing, they do not pollute the environment. It is a very cost-effective packaging material that will promote the development of the corrugated box market.
Increase in demand
With the continuous development of the times, the continuous updating of production technology and equipment, people use equipment technology more skillfully and market demand more refined, the demand for corrugated cardboard boxes is increasing by a very considerable geometric multiple.
Wide range of applications
Corrugated cardboard boxes are widely used in the packaging of various materials, and add moisture-proof and shock-resistant materials, and many transportations packaging almost rely on it. It can also pack a wider variety of products. The use of moisture-proof corrugated cardboard boxes can also be used for packaging fruits and vegetables; with plastic film covering, it can also easily package moisture-absorbing items; the use of plastic film sleeves can make the packaging sealed in the box, so that liquid and semi-liquid items can be packaged. Therefore, a wide range of uses can also promote the development of corrugated cardboard boxes.
The requirements for corrugated cardboard boxes machinery and equipment is getting higher
With the increasing demand of the corrugated cardboard boxes industry, the development of cardboard boxes production requires higher and higher requirements on cardboard boxes machinery and equipment. According to the current development trend, corrugated cardboard boxes machinery enterprises will further move toward high-speed, high-end, the direction of high-efficiency, high-tech machinery and equipment.
Region Overview:
In 2022, the share of the Corrugated Boxes market in Asia Pacific stood at 41.98%.
Company Overview:
WestRock (RockTenn) is one of the major players operating in the Corrugated Boxes market, holding a share of 7.66% in 2023.
WestRock (RockTenn)
WestRock Company is an American corrugated packaging company. It was formed by the merger of MeadWestvaco and Rock-Tenn in July 2015. WestRock is the second largest packaging company in the United States and one of the largest paper and packaging companies in the world.
International Paper Details
International Paper is one of the world's leading producers of fiber-based packaging, pulp and paper. They improve people's lives, the planet and their company's performance by transforming renewable resources into products people depend on every day.
Segmentation Overview:
As for product types, the Single Corrugated segment held the largest market share in 2022.
Application Overview:
The market's largest segment by application is the segment Food & Beverage, with a market share of 37.12% in 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Corrugated Boxes market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Corrugated Boxes Market Report:
Market Size Estimates: Corrugated Boxes market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Corrugated Boxes market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Corrugated Boxes market
Segment Market Analysis: Corrugated Boxes market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Corrugated Boxes market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Corrugated Boxes Market: Revenue and sales volume of major countries in each region
Corrugated Boxes Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Corrugated Boxes market in major regions.
Corrugated Boxes Industry Value Chain: Corrugated Boxes market raw materials & suppliers, manufacturing process, distributors, downstream customers
Corrugated Boxes Industry News, Policies & Regulations
Key players in the global Corrugated Boxes market are covered in Chapter 12:
Long Chen Paper
WestRock (RockTenn)
PMPGC
Shanying Paper
Oji
THIMM
Mondi Group
Nine Dragons Worldwide (China) Investment Group Co., Ltd.
YFY
Come Sure Group
DS Smith
Hexing Packing
Smurfit Kappa Group
SAICA
Packaging Corporation of America
International Paper
Jingxing Paper
Alliabox International (Alliance)
Cascades
Nefab Group
Bingxin Paper
SCA
Stora Enso
Georgia-Pacific
Cheng Loong Corp
Rengo
Rossmann
In Chapter 2 and Chapter 15.1, based on types, the Corrugated Boxes market from 2018 to 2028 is primarily split into:
Single Corrugated
Double Corrugated
Triple Corrugated
In Chapter 3 and Chapter 15.2, based on applications, the Corrugated Boxes market from 2018 to 2028 covers:
Food & Beverage
Electronics & Home Appliance
Consumer Good
Pharmaceutical Industry
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Corrugated Boxes market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028