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Corrugated Boxes Market Trends

Report ID: GMI7532
Published Date: Nov 2023
Report Format: PDF

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Corrugated Boxes Market Trends

Business trends in the corrugated boxes industry reflect a growing emphasis on sustainable practices, with manufacturers increasingly investing in eco-friendly materials and production processes. The rise of e-commerce has accelerated the demand for customized and branded packaging, driving innovation in printing and design capabilities for corrugated boxes. Digitalization and automation in manufacturing processes are also gaining traction, enhancing efficiency and reducing production costs. Additionally, collaborative efforts along the supply chain, including partnerships between manufacturers and e-commerce companies, are shaping the industry's response to evolving consumer demands and market trends. As the market continues to evolve, a focus on sustainability, technological integration, and adaptability to changing market dynamics remains integral to success.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

Industry size for corrugated boxes was USD 68 billion in 2022 and is projected to expand at over 3% CAGR from 2023 to 2032 driven by the rapid growth of the e-commerce sector and the surging need for packaging materials for shipping goods.

The food & beverage segment held over 35% of the corrugated boxes market share in 2022 and is estimated to generate more than USD 39 million by 2032 attributed to widespread utilization to ensure the safe and efficient transportation of various food products.

Asia Pacific market for corrugated boxes accounted for more than 36% revenue share in 2022 and is estimated to expand at a robust growth rate through 2032 attributed to the rapid economic growth leading to increased industrial production and consumer spending.

Some of the leading corrugated boxes business players are Mondi Group, International Paper, WestRock Company, DS Smith, Smurfit Kappa Group, Rengo Co., Ltd, and Cascades Inc.