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The global corrugated boxes market size reached around USD 245.28 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 4.7% to reach USD 371.82 billion by 2032.
Corrugated boxes are cost-effective, lightweight, reliable, and easily transportable. They are also easy-to-customise, versatile, and provide excellent structural integrity; such benefits are boosting their utilisation in diverse end use sectors such as food, textile, industrial, medical, and electronics packaging, among others.
With the trend of online shopping, the demand for corrugated boxes has gained momentum across the globe. Manufacturers are designing corrugated boxes in different shapes and sizes to make the packaging unique and attractive. It has encouraged e-commerce retailers like Flipkart and Amazon to use them widely for storage and shipping purposes. Besides, these boxes are capable of photorealistic image printing, which in turn helps in effective marketing and promotion of the products among consumers. Consequently, they are highly preferred in shelf-ready packaging (SRP) and retail-ready packaging (RRP).
Corrugated Boxes Market Trends
Corrugated Boxes Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market attained a value of USD 245.28 billion in 2023.
The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 4.7%.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 371.82 billion by 2032.
The different materials used for corrugated boxes include recycled corrugates and virgin corrugates.
The key regional markets for corrugated boxes are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The end uses include food products and beverages, personal care and household goods, electrical and electronic goods, paper products, textile goods, glassware and ceramics, chemicals, and others.
The factors driving the market include increasing e-commerce purchases, rising technological improvements, and a growing inclination towards sustainable packaging.
The key players in the market include International Paper Company, Nine Dragons Paper (Holdings) Limited, Smurfit Kappa Group plc, Westrock Company, and Rengo Co., Ltd, among others.
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