Growing Ecommerce Industry to Drive Growth of Corrugated and Paperboard Boxes Market

Market Research Future has announced a new report on the global corrugated and paperboard boxes market. The report looks into the product and application segmentation of the global corrugated and paperboard boxes market, as well as the regional segmentation and dominant competitive initiatives, and presents forecasts for a forecast period of 2023-2032.

Overview:

Corrugated and paperboard boxes are used in the packaging and transportation of a wide variety of products and have become immensely important in recent years due to the rapid growth of the ecommerce industry. The corrugated and paperboard boxes market has benefitted from several favorable properties of the boxes, one of them being their ability to be molded into almost any shape desirable. This has made them utilizable in the packaging of a wide range of products, leading to their growing demand across the globe in a number of industries.

The rapid growth of the ecommerce industry is likely to remain a major driving factor for the global corrugated and paperboard boxes market, as the ecommerce industry needs corrugated and paperboard boxes for transporting and storing the wide variety of products it handles. Bans on plastic packaging in several regions across the world are also likely to aid the growth of the global corrugated and paperboard boxes market, as they present an alternative to plastic packaging that is environment-friendly and readily recyclable.

Segmental Analysis:

The global corrugated and paperboard boxes market is divided by product type into corrugated and solid fiber boxes, folding paperboard boxes, set-up paperboard boxes, and others. Corrugated and solid fiber boxes are the dominant segment in the global corrugated and paperboard boxes market due to their durability, which makes them the prime candidate for long-distance transportation of a wide variety of products. The diversity of applications of corrugated and solid fiber boxes is expected to be crucial in enabling solid market growth of the same over the forecast period.

Based on application, the global corrugated and paperboard boxes market is segmented into durable goods, paper and publishing, food and beverages, chemicals, and others. Durable goods are likely to be the major application of corrugated and paperboard boxes in the forecast period due to the steady growth of the ecommerce and electronics industry, which has led to a steady rise in demand for the transportation of a wide variety of durable goods, including electronics items and home appliances.

Regional Analysis:

Asia Pacific (APAC) is likely to be the dominant regional market for corrugated and paperboard boxes over the forecast period. Rapid growth of the ecommerce industry in the developing economies in APAC is likely to be a major driver for the corrugated and paperboard boxes market in the region. Growing disposable income of consumers has allowed for steady growth of the electronics industry in APAC, leading to a rise in the demand for corrugated and paperboard boxes.

North America is another leading regional market for corrugated and paperboard boxes due to the widespread presence of the ecommerce industry in the region. Europe is also expected to be a major market for corrugated and paperboard boxes over the forecast period due to the bans on plastic packaging in many countries in the region, which have given rise to a demand for alternative packaging materials.

Competitive analysis:

Key players in the global corrugated and paperboard boxes market include Graphic Packaging International, Inc., Mondi Group, Klabin S.A., WestRock, Nippon Paper Industries Co. Ltd., Oji Holding Corporation, Georgia-Pacific Corporation, DS Smith Plc, Nine Dragons Paper (Holding) Limited, Orora Packaging Australia Pty Ltd, Smurfit Kappa Group, International Paper Company, and Cascades Inc. Leading players in the corrugated and paperboard boxes are looking to capitalize on the rapid growth of the ecommerce industry in APAC over the forecast period.

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