Press Release
Press Release
The growing commercialisation and the increasing consumer goods demand, along with a surge in online shopping, are driving the corrugated boxes market growth. The expansion of industries like e-commerce, personal care, food and beverage, amongst others, is fueling a heightened need for corrugated boxes for packaging. The rise of direct-to-consumer models has particularly boosted the demand for sturdy and protective corrugated packaging. The surge in online shopping from popular websites like Amazon (NASDAQ: AMZN) has led to an increased demand for corrugated boxes as they serve as an ideal packaging choice for shipping goods to prevent damage and ensure enhanced protection.
In addition, with increasing environmental awareness, there is a growing preference for sustainable and eco-friendly packaging solutions. Corrugated boxes, being recyclable and made from renewable materials, align with the growing trend of sustainable packaging practices.
Further, with increasing demand trend in encouraging companies to expand facilities. For instance, in October 2023, Visy inaugurated a new corrugated cardboard box facility in Australia. The company invested USD 111 million, with a capacity to manufacture up to one million boxes per day. Furthermore, the rising research and developments in the innovation of corrugated boxes are giving rise to advanced and stronger boxes. In December 2023, Boxery, launched an advanced corrugated shipping boxes line specially designed for e-commerce efficiency.
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The major players in the corrugated boxes market are International Paper Company, Nine Dragons Paper (Holdings) Limited, WestRock Company, Smurfit Kappa Group plc, and Rengo Co., Ltd. amongst others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Material |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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