Corrugated Paperboard Boxes Market Analysis

Global Corrugated and Paperboard Boxes Market Overview

Corrugated and Paperboard Boxes Market Size was valued at USD 235.30 Billion in 2023. The Corrugated and Paperboard Boxes industry is projected to grow from USD 250.48 Billion in 2024 to USD 388.90 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.65% during the forecast period (2024 - 2032). Corrugated and paperboard boxes are becoming more popular since they are recyclable and biodegradable. This is because businesses and consumers are looking for eco-friendly solutions to decrease waste and encourage recycling are the key market drivers enhancing market growth.Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Corrugated and Paperboard Boxes Market Trends

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  Increasing demand for sustainable packaging solutions is driving the market growth

  
  

Market CAGR is expected to increase because consumers are becoming more aware of the need to reduce trash and their environmental impact. They actively seek goods packaged using recyclable or easily degradable sustainable materials. Strong demand has been generated by this trend for packaging options that are sustainable and favorable to the environment. Due to their eco-friendly qualities, corrugated and paperboard boxes have become a popular option for sustainable packaging. These boxes are a more environmentally friendly option to plastic packaging because they are created from sustainable materials like wood pulp and recycled paper. Corrugated and paperboard boxes are more environmentally friendly than plastic ones since their production processes produce fewer hazardous emissions.

Paperboard and corrugated boxes are also very recyclable. They are simple to gather, organize, and turn into new paper products or packaging materials. Corrugated and paperboard box recycling helps reduce waste sent to landfills, lowers the need for raw materials, and conserves precious resources. The demand for recyclable packaging options, including corrugated and paperboard boxes, is anticipated to increase as recycling infrastructure and awareness advance. The growing importance of corporate social responsibility (CSR) influences the demand for sustainable packaging. Businesses in various industries are realizing how crucial it is to integrate sustainable practices into their daily operations. Businesses can demonstrate their commitment to environmental sustainability and get a competitive advantage by adopting corrugated and paperboard boxes for packaging. Consumers are also attracted to sustainable packaging options. They are more likely to trust and support firms that put sustainability first. Governmental rules and initiatives partly fuel the demand for sustainable packaging. The usage and disposal of packaging materials are subject to tougher rules in many nations and areas. Due to its negative effects on ecosystems and marine life, regulatory efforts have concentrated on plastic garbage. Therefore, Businesses are pressured to use more environmentally friendly packaging choices, such as corrugated and paperboard boxes, to abide by these rules. The popularity of online shopping has also increased the need for corrugated and paperboard boxes. The volume of items transported internationally has significantly increased due to the expansion of Internet shopping. To secure their products during transit, e-commerce businesses need packaging options that are strong, lightweight, and affordable. Boxes made of corrugated or paperboard satisfy these specifications and are environmentally beneficial.

The growing demand for environmentally friendly packaging options is primarily driven by the corrugated and paperboard boxes market. The popularity of corrugated and paperboard boxes because of their recyclable and biodegradable qualities, increased consumer awareness of the environment, the need for eco-friendly alternatives to decrease waste, and the promotion of recycling activities all contribute to this need. In the upcoming years, the market for corrugated and paperboard boxes is anticipated to grow even more as sustainability continues to be a top focus for both consumers and businesses. Thus, driving the Corrugated and Paperboard Boxes market revenue.

August 2023 : Graphic Packaging International recently finalized its acquisition of Bell Inc. for $262.5 million on September 8th. Bell, a company known for converting paperboard into folding cartons, mailers, and related products, annually consumes around 95,000 tons of paperboard. Graphic Packaging views this acquisition as a strategic move towards achieving its "Vision 2025" objectives, aiming to bolster sales, profitability, paperboard integration, and other key metrics.

Corrugated and Paperboard Boxes Market Material Insights

Boxes Insights

The Corrugated and Paperboard Boxes market segmentation, based on material, includes paperboard, adhesives, inks, and waxes. The corrugated and paperboard boxes market's most popular product among those on the list is paperboard. Due to its strength, durability, and printability, paperboard is a versatile material frequently used in packaging applications. It is frequently used to make paperboard boxes, cartons, folding cartons, and other types of packaging. Paperboard is a common option for packaging across sectors because it is simple to cut, fold, and mold into the appropriate shapes, has high structural integrity, and is aesthetically pleasing.

Corrugated and Paperboard Boxes Product Insights

The Corrugated and Paperboard Boxes market segmentation, based on product, includes corrugated & solid fiber boxes, set-up paperboard boxes, and folding paperboard boxes. The corrugated and paperboard boxes market's most popular product among those on the list is corrugated and solid fiber boxes. In numerous industries, these boxes are widely used for packaging purposes. Paperboard is layered numerous times to create corrugated boxes, and an inner fluted layer adds strength, durability, and cushioning. Contrarily, solid fiber boxes are produced from a single layer of dense paperboard and provide a reliable packaging option. Both corrugated and solid fiber boxes can be used to ship and store various goods, and they are both adaptable, affordable, and highly preferred for their protective properties.

Figure 1: Corrugated and Paperboard Boxes Market, by Product, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Corrugated and Paperboard Boxes Application Insights

The Corrugated and Paperboard Boxes market segmentation, based on application, includes durable goods, food & beverages, paper & publishing, and chemicals. The corrugated and paperboard boxes market uses food and beverages more than any other product. The food and beverage industry heavily relies on corrugated and paperboard boxes for packaging and transportation. These containers offer a secure, clean, and practical method for storing and transporting food and drink products, including perishable commodities. Corrugated and paperboard boxes are essential to the food and beverage packaging industry because they guarantee product integrity, guard against contamination, and allow for simple handling and presentation.

In August 2021, Mondi elaborated its spectrum of sustainable corrugated solutions targeting the growing online grocery delivery services in Central Europe. Mondi has introduced seven packaging solutions that cater to increasing demand for online food retailing. These packages feature unique designs that are fully recyclable hence convenient options to go by. Mondi's development of new solutions enables multiple requirements of supermarket retailers to be met with fit-for-purpose packaging used in transporting various commodities which range from perishable foods to wine bottles.

Corrugated and Paperboard Boxes Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Due to several variables, Asia Pacific has a significant presence in the industry. Strong manufacturing infrastructure, an expanding population, and rapid economic growth in the area have all contributed to the rising need for packaging materials like corrugated and paperboard boxes. The need for packaging materials has been further boosted by the growth of e-commerce and the rising retail industry in nations like China and India, propelling the market in the Asia Pacific region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: CORRUGATED AND PAPERBOARD BOXES MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Corrugated and Paperboard Boxes market accounts for the second-largest market share. Due to its stringent environmental rules, emphasis on eco-friendly packaging techniques, and state-of-the-art recycling and waste management infrastructure, Europe has the highest acceptance in the corrugated and paperboard boxes market. Further, the German Corrugated and Paperboard Boxes market held the largest market share, and the UK Corrugated and Paperboard Boxes market was the fastest growing market in the European region.

The North American Corrugated and Paperboard Boxes Market is expected to grow fastest from 2023 to 2032. Due to its sizable customer base, thriving industrial sector, cutting-edge packaging technology, and a strong emphasis on sustainable practices, North America is the region most commonly recognized for the Corrugated and Paperboard Boxes Market. These factors fuel the demand for corrugated and paperboard boxes. Moreover, China’s Corrugated and Paperboard Boxes market held the largest market share, and the Indian Corrugated and Paperboard Boxes market was the fastest growing market in the Asia-Pacific region.

Corrugated and Paperboard Boxes Key Market Players & Competitive Insights

Leading market players are investing heavily in their manufacturing units to produce a larger volume of products consequently. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. Additionally, to survive in a highly competitive market, the leaders in the Corrugated and Paperboard Boxes industry offer heavy discounts on their products.

Additionally, the market leaders for the Corrugated and Paperboard Boxes industry are expected to update their product portfolios during the forecast period. Also, the dominant players will display an increased input for widening production volumes. Major players in the Corrugated and Paperboard Boxes market, including International Paper Company (U.S), Mondi Group (Austria), Oji Holding Corporation (Japan), and DS Smith Plc (U.K), are attempting to increase market demand by investing in research and development operations.

With its headquarters in London, the United Kingdom, and clients worldwide, DS Smith Plc is a world pioneer in environmentally friendly packaging solutions. Throughout its 70-year history, DS Smith has established a strong name in the packaging sector by offering innovative and environmentally friendly packaging solutions to numerous industries. The company offers a variety of products and services and specializes in corrugated and paperboard packaging. DS Smith concentrates on creating value for its clients by fully understanding their unique packaging needs and providing them with tailored solutions that enhance product protection, branding, and sustainability. For DS Smith, sustainability is a top priority in all facets of the company. The company is committed to reducing its adverse environmental consequences and promoting a circular economy. It aggressively promotes using recyclable and regenerative materials in its packaging solutions, such as cardboard and recycled paper. DS Smith is regarded as a pioneer in environmentally friendly packaging methods because of its dedication to sustainability.

With its corporate headquarters in Atlanta, Georgia, the United States, Graphic Packaging International Inc. is a prominent supplier of paper-based packaging solutions. With a history spanning more than a century, Graphic Packaging has established a solid reputation as a trustworthy and cutting-edge packaging firm serving clients worldwide. For various industries, including food and beverage, consumer products, medicines, and more, the company specializes in designing and manufacturing a wide range of paperboard packaging solutions. Graphic Packaging provides environmentally friendly packaging options that improve product protection, increase brand awareness, and give a top-notch customer experience. Folding cartons, frequently used to package goods including cereal, snacks, beverages, personal care products, and medications, are a specialty of Graphic Packaging. Folding cartons made by the company are expertly and creatively made, including structural integrity, eye-catching graphics, and practical features to satisfy customer needs.

Key Companies in the Corrugated and Paperboard Boxes market include

• International Paper Company (U.S)


• Mondi Group (Austria)


• Oji Holding Corporation (Japan)


• DS Smith Plc (U.K)


• Smurfit Kappa Group (Ireland)


• Klabin S.A. (Brazil)


• Cascades Inc. (Canada)


• Georgia-Pacific Corporation(U.S)


• Graphic Packaging International


• (U.S)


• Nine Dragons Paper (Holding) Limited (China)

Corrugated and Paperboard Boxes Industry Developments

In Oct 2019, for sustainability purposes, Graphic Packaging International (GPI) has invented KeelClip which is a paperboard packaging system for cans that has the advantage of being used as a merchandising tool by the company when compared to other options. KeelClip is GPI’s newest innovation in terms of providing paper board packaging solutions that perform well under high-speed conditions.

In 2019, Smurfit Kappa teamed up with HVC and Bluemats to announce an ambitious project, Netherlands’ first-ever full beverage carton recycling facility, named Smurfitever full beverage carton recycling facility. Smurfit Kappa would bring its long-standing experience in setting up European LIFE projects for paper recycling to this one. HVC brings sustainable waste collection experience to the project while Bluemats will handle and separate the plastics and aluminum.

In July 2023, Apex Packaging, Oman's leading packaging solution provider, opened a new plant for corrugated boxes at Samail Industrial City. The products are affordable, environmentally friendly and completely recyclable, thus reflecting the company’s commitment to the environment. APEX Packaging is the first Omani firm to undertake the manufacture and develop new items using quality corrugated cardboard. The new factory meets market demands for cardboard cartons as well as other packaging materials and products.

In July 2022, Menasha Packaging purchased Color-Box which specializes in producing packaging solutions, container boards, corrugated boxes and sheets. With this acquisition, Menasha Packaging wants to increase its presence across different regions while expanding its product offerings especially among consumers of consumer goods industry, food & beverages sector alongside industrial & automotive pharmaceuticals plus electronics sectors.

In September 2021 WestRock partnered with Lumi USA’s largest marketplace for print and package products providing folding carton and corrugated manufacturing across North America. Lumi now allows WestRock customers to source factory pricing on folding cartons in the United States market. This service by Lumi is innovative and a win-win for WestRock as well as its clients.

Corrugated and Paperboard Boxes Market Segmentation

Corrugated and Paperboard Boxes Material Outlook

• Paperboard


• Adhesives


• Inks


• Waxes

Corrugated and Paperboard Boxes Product Outlook

• Corrugated & Solid fiber boxes


• Set-up Paperboard boxes


• Folding Paperboard boxes

Corrugated and Paperboard Boxes Application Outlook

• Durable goods


• Food & Beverages


• Paper & Publishing


• Chemicals

Corrugated and Paperboard Boxes Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America