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

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.

DRIVERS

Growing demand for safe and efficient packaging.

Increasing food & beverage sector.

RESTRAINTS

Presence of alternatives

INDUSTRY UPDATES

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:

Report Metric	Details
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
Base year	2018
Forecast period	2019–2024
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

 

Segmentation

The Corrugated Boxes market has been analyzed through the following segments:

By Material

Plastic

Paperboard

By End-User

Pharmaceuticals

Food and Beverage

Electronics

Automotive

Cosmetics

Others

By Geography

North America

USA

Canada

Mexico

South America

Brazil

Argentina

Others

Europe

Germany

France

United Kingdom

Spain

Others

Middle East and Africa

Saudi Arabia

Israel

Others

Asia Pacific

China

Japan

South Korea

India

Others

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