Scoop has an Ethical Paywall
Corrugated Boxes Sales To Increase At 4.3% CAGR Between 2022 And 2031 | Projects FMI
As per Future Market Insights (FMI) analysis, the corrugated boxes market is estimated to register positive growth through 2021, with the overall valuation to reach US$ 128.3 Bn in 2021. FMI projects corrugated boxes sales to increase at 4.3% CAGR between 2021 and 2031. In terms of volume, the corrugated boxes market has been projected to expand at 3.7% CAGR over the forecast period.
Future Market Insights (FMI) has forecast that the corrugated boxes market has the potential to exhibit high growth. The increasing applications of the corrugated boxes for packaging of textile, tobacco, chemicals and fertilizers among others is projected to fuel demand in the market.
Get Sample of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-302
Corrugated Boxes Market Landscape
Smurfit Kappa Group Plc, International Paper Company, WestRock Company, Georgia Pacific LLC, Oji Holdings Corporation, DS Smith plc are the top players operating in the target market. Furthermore, NAMPAK Limited, METSA Group, Orora Limited, are also noticeable players in the market. The Tier 1 players in the market hold 30-35% in the global market for corrugated boxes.
Corrugated boxes are extensively used in the food industry for the packaging of processed food, fresh produce, dairy products, food grains, and confectionary and bakery items among others. The growing demand in the processed food industry as a result of the increasing urban population and fast-paced lifestyle is creating high demand for corrugated boxes.
Key Takeaways from Corrugated Boxes Market
- Based on material type, the sustainable and eco-friendly nature of \recycled corrugated boxes have made them highly popular in the market. The recycled corrugated boxes segment is projected to register a CAGR of 4.2% during 2021-2031.
- By board type, the single wall corrugated boxes segment is anticipated to hold around 70% of the market share by the end of 2021.
- Fluting medium segment by grade type is estimated to register CAGR of 4.0% during 2021-2031.
- By product type, slotted box segment followed by die cut box segment is forecast dominate the corrugated boxes market. These segments are anticipated to cumulatively hold around 88% of the market share by the end of 2021.
- By end-use industry, the food segment and e-commerce segments are anticipated to expand at a CAGR of 3.9% and 5.6% respectively during 2021-2031.
- APEJ, Europe and North America will exhibit high demand for corrugated boxes due to the growth of industries like food, beverage, e-commerce and healthcare in these regions. These regions together are projected to hold approximately 77% of the market share by the end of 2021.
"The need for efficient and cost-effective secondary packaging solutions among the food, beverage, healthcare, electrical and electronics industries is anticipated to propel the sales of corrugated boxes in the market." says an FMI analyst.
Ask For Regional Data @ https://www.futuremarketinsights.com/ask-regional/rep-gb-302
Corrugated boxes are commonly used in several end-use industries as secondary packaging solutions. The industries such as food, electrical and electronics, personal care and cosmetics are exhibiting high demand for corrugated boxes. Benefits such as cushioning, availability in different shapes and sizes and ease in customization are some of the factors augmenting the demand for corrugated boxes in these industries.
Increasing Demand for Customised Corrugated Boxes to Drive the Market Growth
Industries like food, beverage, e-commerce, personal care and cosmetics, and others are highly competitive. In these industries, manufacturers give high importance to the packaging solutions to maintain a competitive edge and create unique brand identification. As a result, they need customized corrugated boxes for their products.
Corrugated boxes can be easily customized in terms of shape, size, fluting and print which is highly desirable among manufacturers from various industries. Some of the players in the corrugated boxes industry are offering digital printing solutions with an array of customization in terms of specifications.
Besides this sales of corrugated boxes will increase as a result of increasing application for packaging in the ecommerce sector. A large variety of items sold across e-commerce platforms needs different packaging solutions compatible with the product. The increasing demand for customised corrugated boxes in this sector will therefore drive the market in the coming years.
Ask Analyst @ https://www.futuremarketinsights.com/askus/rep-gb-302
Explore FMI’s Extensive ongoing Coverage on Packaging
Blow Fill Seal (BFS) Technology Market - The global blow fill seal technology market is bound to grow on a vigorous note between 2022 and 2031 at a CAGR of 9%. It is expected to reach US$ 6.2 Bnby the year 2031.
Aerosol Packaging Market - The global aerosol packaging market is on the verge of reaching US$ 10.7 Bn by the year 2031 at a CAGR of 4.8% between 2022 and 2031.
Zipper Pouch Market - Newly released data by Future Market Insights (FMI), predicts the zipper pouch demand to improve by 4.2% in 2021 reaching volume of 44.3 billion units.
About Us
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.
Contact
Us
Unit No: 1602-006
Jumeirah Bay 2
Plot
No: JLT-PH2-X2A
Jumeirah Lakes
Towers Dubai
United Arab Emirates
For
Sales Enquiries: sales@futuremarketinsights.com
For
Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
Report : https://www.futuremarketinsights.com/reports/corrugated-boxes-market
Future Market Insights
Future Market Insights is the premier provider of market intelligence and consulting services
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, UAE, and has its global delivery center in India. In addition to these, FMI also carries out business development and client engagement through its US and UK offices.
UN News: Healing Page By Page In Earthquake-affected Türkiye
Save The Children: Rate Of Attacks On Healthcare in Gaza Higher Than In Any Other Conflict Since 2018
UN News: Green Light For New Cholera Vaccine, Ukraine Attacks Condemned, Action Against Racism
Laureus: Grand Slam Champion Garbiñe Muguruza Announces Retirement Ahead Of Laureus World Sports Awards
Carbon Market Watch: Going For Green - Is The Paris Olympics Winning The Race Against The Climate Clock?
New Zealand Defence Force: NZDF Working With Pacific Neighbours To Support Solomon Islands Election