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“The Corrugated Box Market is poised to grow by USD 17.53 billion during 2022-2026, accelerating at a CAGR of 4.94% during the forecast period”
Technavio market report provides a holistic analysis, market size and forecast, trends, growth drivers, challenges, and vendor analysis covering around 15 vendors. Furthermore, this report extensively covers the corrugated box market segmentation by end-user (food and beverage, non-durable products, and durable and other products) and geography (APAC, Europe, North America, South America, and the Middle East and Africa). The market report also offers information on several market vendors, including BillerudKorsnas AB, Buckeye Corrugated Inc., Cascades Inc., DS Smith Plc, iCustomBoxes, INDEVCO Group, International Paper Co., Klabin SA, Koch Industries Inc., Kruger Inc., Mondi plc, Nine Dragons Paper (Holdings) Ltd., Orora Ltd., Packaging Corp. of America, Rengo Co. Ltd., Riverside Paper Co. Inc., Shillington Box Company LLC, Smurfit Kappa Group Plc, and WestRock Co. among others.
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Our Technavio Research categorizes the report belonging to the Containers and Packaging Industry for the market. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions.
Technavio Research categorizes the global Corrugated Box Market belonging to the Materials Industry. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the forecast year.
The market is extremely competitive with all sizes of businesses, including large, medium, and small-sized companies vying to monopolize the market. The tremendous development in various fields such as product innovations and new product launches by manufacturers operating in the market will drive the growth further.
Key Corrugated Box Market Driver
Key Corrugated Box Market Trend
Key Corrugated Box Market Challenge
The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading market vendors such as
Technavio categorizes the global corrugated box market as a part of the global metal and glass containers market within the overall global containers and packaging market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the corrugated box market during the forecast period.
In this report, we provide extensive information on the value chain analysis for the market. Our data covers all key stages of a market flow and provides a complete understanding of all aspects of the market logistics value chain. This includes an end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies.
55% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for the corrugated box market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
India and China are the major drivers of the growth of the market in APAC. Rapid urbanization, rising consumption levels, increasing disposable income, and economic growth above that of the world average are some of the major factors that have contributed to the growth of the packaging market in the region. Home to 42% of the world population, the market will experience moderate growth over the forecast period. The FMCG industry in India has witnessed significant growth. The major demand for food and beverage products stems from urban areas. In addition, the rural areas have also seen an increase in the penetration of many consumer goods because of the growing number of products introduced in these areas. With the demand for FMCG products increasing, the packaging requirements are also anticipated to increase.
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The corrugated box market share growth in the food and beverage segment will be significant during the forecast period. The growing demand for processed food and ready-to-eat products has increased the packaging requirement for food products, and corrugated boxes are used for packaging food and beverage, thereby driving the demand for corrugated boxes. In addition, food and beverage manufacturers are using corrugated display boxes as an effective marketing tool to advertise their products, thereby driving the demand for corrugated boxes. The growing demand for processed food and ready-to-eat products has increased the demand for packaging, thus driving the growth of corrugated boxes. In the US, food and beverage products cover more than 50% of the demand for corrugated boxes. Also, food and beverage product manufacturers are using corrugated display boxes as an effective marketing tool to advertise their products.
The report provides a near-term to long-term perspective on the trends and forecasts horizon for the market. It offers an overview of the key market drivers and restraints, enabling precise identification of key regional opportunities over the coming years.
Europe Corrugated Box market - The market share is projected to grow by USD 4.66 billion with a CAGR of 4.68% during the forecast period 2021 to 2026.
US Corrugated Box market - The market share is projected to grow by USD 1.85 billion with a CAGR of 3.32% during the forecast period 2021 to 2026.
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Corrugated Box Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.94% |
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Market growth 2022-2026 |
$ 17.53 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
4.0 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 55% |
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Key consumer countries |
US, China, Japan, India, and Germany |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
BillerudKorsnas AB, Buckeye Corrugated Inc., Cascades Inc., DS Smith Plc, iCustomBoxes, INDEVCO Group, International Paper Co., Klabin SA, Koch Industries Inc., Kruger Inc., Mondi plc, Nine Dragons Paper (Holdings) Ltd., Orora Ltd., Packaging Corp. of America, Rengo Co. Ltd., Riverside Paper Co. Inc., Shillington Box Company LLC, Smurfit Kappa Group Plc, and WestRock Co. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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