Corrugated Box Market Is Expected To Reach around USD 67.6 Billion in 2022, Grow At A CAGR Of 5.0 % During Forecast Period 2023 To 2030
Farmington, Jan. 10, 2023 (GLOBE NEWSWIRE) -- The Global Corrugated Box Market Size Was Estimated At USD 67.6 Billion In 2022 And Is Projected To Grow at a CAGR Of 5.0%. Boxes constructed of corrugated cardboard are disposable containers with three layers. They are lightweight, flexible, biodegradable, recyclable, and cost-effective, aiding in the transport of sensitive items. They remain intact when subjected to unfavourable conditions such as humidity and temperature fluctuations. Moreover, they reduce the risk of microbiological contamination and prolong the shelf life of items. Therefore, corrugated boxes are widely employed throughout industries to efficiently package products.
Request Sample Copy of Report “Corrugated Box Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030”, published by Contrive Datum Insights.
In October 2021, Smurfit Kappa Group completed the acquisition of Verzuolo. With this acquisition, the company converted a PM9 machine into a state-of-the-art 661,387-ton recycled containerboard machine in 2019. It complements existing and strategically located operational facilities near the Port of Savona. This is expected to benefit the company and customer base.
In September 2021, Rengo Co., Ltd. announced that its joint venture in Vietnam, Vina Kraft Paper Co., Ltd., has chosen to build a new containerboard production base. Vietnam's total annual demand for containerboard exceeded 3 million tonnes in 2019, driven by continued foreign direct investment (mainly in the export sector) and expanding domestic consumption. Vina Kraft Paper is poised to firmly establish itself as the market leader in Vietnam's containerboard industry, with the new plant aimed at long-term growth and expansion. It is also expected to upgrade Vietnam's local integrated containerboard to a corrugated box production system.
In the coming years, the sector of the market with the largest revenue share will be slotted boxes.
The sector of slotted boxes outperformed the market in terms of both size and value. Typically, they consist of a single sheet of corrugated board that has been sewed, taped, or glued together. After the blank, or tray, is cut and a folding aid is fitted, the boxes are shipped directly to the user. To assemble a box, the user must square it, place the item inside, and then seal the flaps. The product is aligned with the depth to provide sufficient loading strength. The slotted box is an extremely efficient product since it produces less waste during production. It is ideal for carrying a variety of items, including cups, mugs, and books, among others.
In the coming years, the largest market share in terms of revenue will be held by segments of linerboard.
In the coming years, the linerboard material segment will hold the greatest market share in terms of revenue. Kraft liner is composed of at least 80% virgin kraft pulp fibres and is utilised as the outer and middle layer of corrugated boxes due to its strength and resistance to water absorption. In the food and beverage, home and personal care, and other industries, high-quality color-printed corrugated boxes are frequently made with Kraft linerboard. Recycled linerboard, also known as test liner, is composed of less than eighty percent virgin kraft pulp fibres, which are also utilised for the outer and middle layers of corrugated board. However, because it contains more recycled fibres than kraft liner, it is weaker. Recycled linerboard is less expensive than kraft liner.
Water-Based Ink segments will dominate the market in the coming years.
The majority of the market consisted of water-based ink. On the market for printing ink, water-based ink was the most valued and widely utilised product. To create water-based inks, colloidal pigments or colours are combined with water-soluble resins or resin emulsions. Most water-based inks contain a greater proportion of solids, requiring less liquid to be extracted. Due to the nature of the water system's resins, a thin layer of ink is frequently applied. There are two varieties of water-based ink: pigment and dye. However, dye inks are not waterproof and will fade when exposed to UV radiation. Pigment inks are resistant to ultraviolet radiation and waterproof for a limited time.
Flexography Printing holds the largest market share.
Flexography is the most popular printing process on the market. Flexography is a simple and inexpensive printing technique that is frequently used to print packaging due to its many advantages. It is utilised to print simple designs and colours on a broad variety of packaging materials, including Corrugated Boxes, plastic containers, tapes, envelopes, and metal foils. Flexography printing is a sort of relief printing that transfers an image onto corrugated board using rubber or polymer plates, similar to an automated rubber stamp. Flexography was created so that it could be used on rough, hard surfaces, such as Corrugated Boxes. Flexography is a quick printing technique since the ink dries rapidly and has a low viscosity. Since corrugated boards are highly permeable, flexography can be used to print text or images with only one or two colours.
The food and beverage industry is the largest consumer of corrugated boxes.
The largest market end-use sector is food and drinks. Organic veggies, processed foods, and non-perishable commodities are some of the most important categories in the food and beverage sector. Packaging is required in the food and beverage business for storage, transport, and handling of products. Boxes made of corrugated cardboard are necessary for shipping fragile items, perishable goods, and processed foods. Since Corrugated Boxes do not react with anything, they are ideal for packaging, transporting, and storing food for an extended period of time. When packaging processed meals, it is essential to choose appropriate packaging materials that are also visually appealing and communicate that the item is safe. Therefore, Corrugated Boxes are utilised to package goods that are ready to eat.
Asia-Pacific is anticipated to see the fastest growth rate from 2022 to 2030 due to the rising demand for lightweight packaging products. Due to the ease of manufacturing single-wall corrugated box goods, China is leading the growth of the Asia-Pacific market.
Asia-Pacific and China dominate the corrugated box market, and production and consumption of single-wall corrugated boxes are expanding in the region. Germany dominated the market in Europe due to the rising demand for tiny single-wall corrugated boxes, while the United States dominated the North American market due to the rising demand for returnable single-wall corrugated boxes.
Buy this Premium Research Report@ https://www.contrivedatuminsights.com/buy/59875?Mode=PM
Scope of Report:
CAGR of 5.0% from 2023 to 2030.
Revenue Forecast by 2030
USD 67.6 Billion
Slotted Boxes, Telescope Boxes, Rigid Boxes, Folder Boxes, Other
Linerboard, Medium, Others
By Printing Ink
Water-Based Ink, Uv-Curable Ink, Hot Melt-Based Ink, Solvent-Based Ink, Others
By Printing Technology
Digital Printing, Flexography Printing, Lithography Printing, Others
Food & Beverages, Electronic Goods, Home & Personal Care Goods, Chemicals, Textile Goods, Glassware & Ceramics, Paper Products, Others
International Paper, WestRock (RockTenn), Smurfit Kappa Group, Rengo, SCA, Georgia-Pacific, Mondi Group, Inland Paper, Oji, Cascades, Alliabox International (Alliance), DS Smith, Packaging Corporation of America, Bingxin Paper, SAICA, Shanying Paper
Regions and Countries Covered
North America: (US, Canada, Mexico, Rest of North America)
Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
Latin America(Brazil, Argentina, Rest of Latin America)
Rest Of the World
2017 to 2022
2023 to 2030
Because of the COVID-19 pandemic, about 45% of people in Central and Eastern Europe would rather shop online. Studies and research show that new online shoppers are likely to keep shopping online. Nearly 80% of the people in Central and Eastern Europe like it when corrugated boxes are made with sustainable methods and materials that are good for the environment. When they shop online, 77% of people use corrugated packaging that is good for the environment. About 57% are willing to pay more for corrugated packaging solutions that can be changed and are good for the environment. In the wake of the COVID-19 pandemic, online businesses have done better. More and more people are paying attention to and talking about the use of sustainable products. This factor has helped make the market grow.
Smurfit Kappa uses digital technology to improve the corrugated industry by making a variety of new paper products. Smurfit Kappa, a well-known company that makes corrugated packaging solutions, has made it easier for the corrugated industry to use technology. It has made a variety of papers that can be used for different things. These papers should work with both digital printing presses and flexo printing presses. The goal of making multipurpose paper was to let printers work with packaging materials. This new technology makes digital printing better in more ways and promises to make digital printing as useful as possible. Customized graphic design can give you more freedom and help you make more money, among other things. The company also wants to come up with new solutions and improve the ones it already has. The paper packaging industry is becoming more digital because of these changes, and the market has a lot of room to grow because of them.
Key Segments Covered:
Top Market Players: International Paper, WestRock (RockTenn), Smurfit Kappa Group, Rengo, SCA, Georgia-Pacific, Mondi Group, Inland Paper, Oji, Cascades, Alliabox International (Alliance), DS Smith, Packaging Corporation of America, Bingxin Paper, SAICA, Shanying Paper, and others.
By Printing Ink
Hot Melt-Based Ink
By Printing Technology
Food & Beverages
Home & Personal Care Goods
Glassware & Ceramics
Regions and Countries Covered
North America: (US, Canada, Mexico, Rest of North America)
Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
Latin America: (Brazil, Argentina, Rest of Latin America)
Rest Of the World
Check out more related studies published by Contrive Datum Insights:
PCR Plastic Packaging Market - The PCR Plastic Packaging market size is projected to be worth USD 74,745.2 million by 2030, registering a CAGR of 6.9% during the forecast period 2023–2030. In terms of market share and dominance, North America and Europe have a large share of the global PCR plastic packaging market.
Green Packaging Market - The Green Packaging market is projected to grow from USD 267.83 Billion in 2022 to USD 385.34 Billion in 2030, exhibiting a CAGR of 5.3% during the 2022-2030. In 2020, 36.7% of the market's revenue came from Europe. This was because the European Union and other European countries had strict rules about the use of single-use plastics.
Smart Retail Market - The global packaged muesli products market is anticipated to advance at a CAGR of 4.6%. As such, worldwide sales of packaged muesli are estimated to reach a valuation of US$ 29.5 billion by 2030, up from US$ 18.3 billion in 2022. Japan and Canada are also important markets. They are expected to grow by 2.4% and 3.8%, respectively, over the next five years.
Customization of the Report: The report can be customized as per client needs or requirements.For any queries, you can contact us on [email protected] or +1 215-297-4078. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.
About Us: Contrive Datum Insights (CDI) is a global delivery partner of market intelligence and consulting services to officials at various sectors such as investment, information technology, telecommunication, consumer technology, and manufacturing markets. CDI assists investment communities, business executives, and IT professionals to undertake statistics-based accurate decisions on technology purchases and advance strong growth tactics to sustain market competitiveness. Comprising of a team size of more than 100 analysts and cumulative market experience of more than 200 years, Contrive Datum Insights guarantees the delivery of industry knowledge combined with global and country-level expertise.
Social: Facebook / LinkedIn / Twitter
Contact Us: Anna B. | Head Of Sales Contrive Datum Insights Phone: +91 9834816757 | +1 2152974078 Email: [email protected]
Website: https://www.contrivedatuminsights.com Contrive Datum Insights Press Releases Latest Contrive Datum Insights Latest ReportsThe Global Corrugated Box Market Size Was Estimated At USD 67.6 Billion In 2022 And Is Projected To Grow at a CAGR Of 5.0%. Request Sample Copy of Report “Corrugated Box Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030”, published by Contrive Datum Insights.Recent Developments:In October 2021, In September 2021, Segmentation Analysis:In the coming years, the sector of the market with the largest revenue share will be slotted boxes.In the coming years, the largest market share in terms of revenue will be held by segments of linerboard.Water-Based Ink segments will dominate the market in the coming years.Flexography Printing holds the largest market share.The food and beverage industry is the largest consumer of corrugated boxes.Regional Outlook:Buy this Premium Research Report@ https://www.contrivedatuminsights.com/buy/59875?Mode=PM Scope of Report:Report AttributesDetailsGrowth Rate5.0%Revenue Forecast by 2030USD 67.6 BillionBy TypeBy MaterialBy Printing InkBy Printing TechnologyBy End-useBy Companies Regions and Countries CoveredBase YearHistorical YearForecast YearMarket Drivers:Market Opportunity:Key Segments Covered:Top Market Players: By TypeBy MaterialBy Printing InkBy Printing TechnologyBy End-useRegions and Countries CoveredNorth America: Europe: Asia-Pacific: The Middle East & Africa: Latin America: Rest Of the WorldCheck out more related studies published by Contrive Datum Insights:Customization of the Report:[email protected]+1 215-297-4078About Us: Contact Us: Anna B. | Head Of Sales Contrive Datum Insights Phone: + Email: