The Global Corrugated Box Market is anticipated to grow at a 5.38% CAGR and is evaluated to be worth USD 278.18 Billion by the end of 2030.
The market was estimated at USD 186.18 billion in 2021. The corrugated boxes market is the secondary shipping boxes preferably used in the industrial and warehousing industries. Especially the market is established to pack the products and goods for safeguard and efficient shipment. Initially, the market was used for the industrial sector, but in recent days, they’ve been used considerably in the medicinal, chemical, and cosmetics industries. The arising demand for corrugated products has massively increased in the past few of years.
Among several end- user industries, the food and beverage industry is growing with a healthy CAGR in recent years. also, thee-commerce industry is having strong growth on account of the convenience offered by online shopping similar as free shipping options, and hassle-free delivery and return policies.
The growing number of end- user industries of corrugated boxes industry similar as chemicals, beverages, glassware, ceramics, food industry, textiles, personal care, household products, and significant others are considered as the major driver of corrugated boxes market growth.
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Regional Analysis
The Global Corrugated Box Market is separated into five regions; North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
The APAC region is exacted to be the largest market in terms of revenue. APAC is anticipated to grow at the highest CAGR during the cast period. A significant rise in e-commerce business development is running the market in the region as well. The Asia Pacific is also an industrial hub with substantial market size.
North America is anticipated to avouch healthy growth with a CAGR of 16% in the corrugated boxes industry during the cast period, owing to the increasing demand in the healthcare industry. The rising number of emergencies and the government action to support the healthcare systems available across the US are projecting the corrugated boxes market growth in recent times. The increasing healthcare costs and consumer awareness regarding the health care sector are presenting a lucrative chance for the overall growth of the corrugated boxes industry.
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Market Segmentation
The Global Corrugated Box Market is segmented into by;
Material Used
• Recycled Corrugates
• Virgin Corrugates
Type
• Slotted boxes
• Telescope boxes
• Rigid boxes
• Folder boxes
Printing Ink
• Water- based Ink
• UV- curable based Ink
• Solvent- based Ink
• Hot- melt- based Ink
Printing Technology
• Digital printing
• Flexographic printing
• Lithography printing
• Screen
• Gravure
• Offset printing technologies
Material
• Linerboard
• Medium
• starch- based adhesives
• wax
End- use Industry
• Food & beverage
• Electronic goods
• Home & personal care goods
• Chemicals
• Textile goods
• Paper products
• Pharmaceuticals
• Rubber
• Tobacco
Key Players
The Corrugated Box Market key players are Packaging Corporation of America, Archis Packaging Pvt. Ltd. (India), Europac Group, Mondi Group, International Paper, Orora Packaging Australia Pty Ltd., DS Smith, Smurfit Kappa Group, Georgia- Pacific LLC.
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