Corrugated Box Market by End-user and Geography - Forecast and Analysis 2022-2026

Published: Sep 2022 Pages: 143 SKU: IRTNTR41051

“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.

What will the Corrugated Box Market Size be During the Forecast Period?

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Parent Market Analysis

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.

Corrugated Box Market: Key Drivers, Trends, and Challenges

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

  • The expansion of the online retail market is one of the factors driving the corrugated market growth. The growing e-commerce market, which involves online shopping, has observed an escalation in demand for corrugated boxes for the shipment of the commodities sold.
  • The convenience factor in online shopping has encouraged many individuals to switch to it from the conventional method of shopping.
  • Online retailers use various types of corrugated boxes and containers based on the type of products being shipped. These boxes ensure the safety of the products. In addition, effective packaging is becoming one of the key business requirements in the e-commerce marketplace, therefore fueling the growth of the market.

Key Corrugated Box Market Trend

  • Corrugated boxes aiding environment sustainability is one of the key corrugated market trends fueling the market growth. 
  • Corrugated boxes are the most recycled form of packaging, as 91% of all corrugated boxes produced can be recycled with limited effort.
  • Compared with other forms of packaging, such as plastics, corrugated packaging is considered an environment-friendly and sustainable form of packaging. These boxes are made up of recycled materials; almost 46% of the materials used in corrugated packaging are recycled. This helps corrugated box manufacturers to reduce the environmental impact, thus ensuring sustainability. Thus, the growing focus on sustainability will drive growth in the market in focus during the forecast period.

Key Corrugated Box Market Challenge

  • Fluctuating prices of wood pulp and paper are one of the key factors challenging the corrugated market growth. 
  • The margins for the packaging industry have contracted because of the price increase in nearly all raw materials, especially kraft paper, which accounts for 70%-76% of the total input cost.
  • Paper mills hiked their prices by $30-$40 per ton in the northern region and by $20-$25 per ton in the southern and western regions. Apart from this, the cost of raw materials such as stitching wire and glue has gone up steeply. In addition, increased prices of petroleum products, frequent power cuts, and a shortage of workforce have worsened the condition. These factors will challenge the market growth in the near future.

Who are the Major Corrugated Box Market Vendors?

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

 

  • 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
  • WestRock Co.

 

Market Overview

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.

Corrugated Box Market Value Chain Analysis

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.

 

Which are the Key Regions for Corrugated Box Market?

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. 

What are the Revenue-generating End-user Segments in the Corrugated Box Market?

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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.

You may be interested in similar reports by geography:

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.

Corrugated Box Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.94%

Market growth 2022-2026

$ 17.53 billion

Market structure

Fragmented

YoY growth (%)

4.0

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 55%

Key consumer countries

US, China, Japan, India, and Germany

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

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.

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

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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What are the Key Data Covered in this Corrugated Box Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive the growth during the next five years
  • Precise estimation of the size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behaviour
  • The growth of the industry across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of corrugated box market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
    • 5.2 Comparison by End-user
      • Exhibit 26: Chart on Comparison by End-user
      • Exhibit 27: Data Table on Comparison by End-user
    • 5.3 Food and beverage - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Food and beverage - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Food and beverage - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Food and beverage - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Food and beverage - Year-over-year growth 2021-2026 (%)
    • 5.4 Non-durable products - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Non-durable products - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Non-durable products - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Non-durable products - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Non-durable products - Year-over-year growth 2021-2026 (%)
    • 5.5 Durable and other products - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Durable and other products - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Durable and other products - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Durable and other products - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Durable and other products - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by End-user
      • Exhibit 40: Market opportunity by End-user ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 Japan - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.12 India - Market size and forecast 2021-2026
      • Exhibit 82: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 BillerudKorsnas AB
              • Exhibit 93: BillerudKorsnas AB - Overview
              • Exhibit 94: BillerudKorsnas AB - Business segments
              • Exhibit 95: BillerudKorsnas AB - Key news
              • Exhibit 96: BillerudKorsnas AB - Key offerings
              • Exhibit 97: BillerudKorsnas AB - Segment focus
            • 10.4 Cascades Inc.
              • Exhibit 98: Cascades Inc. - Overview
              • Exhibit 99: Cascades Inc. - Business segments
              • Exhibit 100: Cascades Inc. - Key offerings
              • Exhibit 101: Cascades Inc. - Segment focus
            • 10.5 DS Smith Plc
              • Exhibit 102: DS Smith Plc - Overview
              • Exhibit 103: DS Smith Plc - Business segments
              • Exhibit 104: DS Smith Plc - Key offerings
              • Exhibit 105: DS Smith Plc - Segment focus
            • 10.6 International Paper Co.
              • Exhibit 106: International Paper Co. - Overview
              • Exhibit 107: International Paper Co. - Business segments
              • Exhibit 108: International Paper Co. - Key news
              • Exhibit 109: International Paper Co. - Key offerings
              • Exhibit 110: International Paper Co. - Segment focus
            • 10.7 Koch Industries Inc.
              • Exhibit 111: Koch Industries Inc. - Overview
              • Exhibit 112: Koch Industries Inc. - Product / Service
              • Exhibit 113: Koch Industries Inc. - Key news
              • Exhibit 114: Koch Industries Inc. - Key offerings
            • 10.8 Mondi plc
              • Exhibit 115: Mondi plc - Overview
              • Exhibit 116: Mondi plc - Business segments
              • Exhibit 117: Mondi plc - Key news
              • Exhibit 118: Mondi plc - Key offerings
              • Exhibit 119: Mondi plc - Segment focus
            • 10.9 Orora Ltd.
              • Exhibit 120: Orora Ltd. - Overview
              • Exhibit 121: Orora Ltd. - Business segments
              • Exhibit 122: Orora Ltd. - Key offerings
              • Exhibit 123: Orora Ltd. - Segment focus
            • 10.10 Packaging Corp. of America
              • Exhibit 124: Packaging Corp. of America - Overview
              • Exhibit 125: Packaging Corp. of America - Business segments
              • Exhibit 126: Packaging Corp. of America - Key news
              • Exhibit 127: Packaging Corp. of America - Key offerings
              • Exhibit 128: Packaging Corp. of America - Segment focus
            • 10.11 Smurfit Kappa Group Plc
              • Exhibit 129: Smurfit Kappa Group Plc - Overview
              • Exhibit 130: Smurfit Kappa Group Plc - Business segments
              • Exhibit 131: Smurfit Kappa Group Plc - Key news
              • Exhibit 132: Smurfit Kappa Group Plc - Key offerings
              • Exhibit 133: Smurfit Kappa Group Plc - Segment focus
            • 10.12 WestRock Co.
              • Exhibit 134: WestRock Co. - Overview
              • Exhibit 135: WestRock Co. - Business segments
              • Exhibit 136: WestRock Co. - Key news
              • Exhibit 137: WestRock Co. - Key offerings
              • Exhibit 138: WestRock Co. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 139: Inclusions checklist
                • Exhibit 140: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 141: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 142: Research methodology
                • Exhibit 143: Validation techniques employed for market sizing
                • Exhibit 144: Information sources
              • 11.5 List of abbreviations
                • Exhibit 145: List of abbreviations

              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

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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