Corrugated Boxes Market  Important Changes in Industry Dynamics during 2021-2031

Corrugated Boxes packaging companies are realigning their business focus by introducing a broader portfolio to efficiently address their customer value proposition. As the forest-based paper and pulp industry is undergoing a dramatic transition, the commercial phase of companies offering corrugated cartons is likely to change in terms of creating value rather than maintaining sales.

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Key players operating in the global corrugated box market include Smurfit Kappa Group Plc, International Paper Company, WestRock Company, Georgia Pacific LLC, Pratt Industries, Inc., Oji Holdings Corporation, DS Smith Packaging Limited, Stora Enso Oyj, Mondi Group Plc , Tat, etc. Seng Packaging Group Ltd., VPK Packaging Group nv, Nelson Container Corporation, Great Little Box Company Ltd., Action Box Inc., Acme Corrugated Box Co. Inc., Wertheimer Box Corporation, Shillington Box Co., LLC, Bee Packaging, AD Milwaukee and Shanghai DE Printed Box integration.

Soaring demand for recycled cardboard boxes

Nearly 80% of cardboard boxes sold in 2018 were made from recycled materials, according to an FMI study. The demand for recycled cardboard boxes is expected to grow 4.4% annually in 2019 and will continue to maintain the status quo during the forecast period.

Recyclability is an area that continues to focus on manufacturers and end users alike. Sensing changing preferences, manufacturers are adopting sustainable raw materials for their corrugated carton manufacturing.

Single wall boards accounted for 7 out of 10 corrugated boxes in 2018.

Cardboard boxes have a wide range of applications in storage, packaging, transportation or moving processes carried out across industries from manufacturing to warehousing. According to an FMI assessment, nearly 70% of corrugated boxes sold worldwide are made from single-wall boards. Sales of single wall boards are expected to grow 4.4% in 2019 as these boards are compatible with end-user requirements.

The study also believes that the demand for double-walled corrugated boxes recorded the second highest consumption in 2018. Although the demand trend for double-walled corrugated boxes will continue in the future, FMI expects sales of triple-walled corrugated boxes to increase in 2018 against the backdrop of concentrated demand from end users who store large, expensive, delicate and heavy products.

Cardboard box production uses more liners than fluting media.

The inner liner, outer liner and grooved media make up the design of the corrugated box. Although each component has different material options, liners account for more than 63% of all component sales in the corrugated box market.

According to the FMI study, sales of test liners are expected to grow at a higher rate compared to other liner types. Demand for unbleached testliners is expected to grow by 4.8% in 2019. With the recyclability trend, recycled flute media will see high demand in the next few years.

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key segment

Global Cardboard Boxes Market Segmentation: By Board Type

• single sided board
• single wall board

Global Cardboard Boxes Market Segmentation: By Material Type

• Virgin Container Board
• Recycle Container Board

Global Cardboard Boxes Market Segmentation: By Grade Type

• liner
  • craft liner
    • bleaching

Global Cardboard Boxes Market Segmentation: By Product Type

• slot box
• folder box
• telescope box
• die cut box

The main market influencing factors are:

• Growing demand for bulk packaging solutions
• High recyclability of cardboard boxes
• Changes in Kraft Paper Costs and Increasing Gap in Supply and Demand Scenarios

APEJ Spearheads Consumption Cardboard Box

FMI studies estimate that a significant amount of corrugated carton consumption is registered in APEJ countries. After China, India is the main consumer of APEJ. The ease of availability of raw materials, good price points and increased demand for packaging in this region can be attributed to the greater return of the corrugated box market revenues in this region.

FMI Report tracks the Cardboard Box Market for the period 2018-2028. According to the report, the corrugated box market is projected to grow at a CAGR of 3.7% by 2028.

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table of contents

1. Execution summary

    1.1. Market Overview

    1.2. market analysis

    1.3. FMI Analysis and Recommendations

    1.4. opportunity analysis

2. Market introduction

    2.1. market definition

    2.2. market classification

3. Market Perspective

    3.1. Global Packaging Market Overview

    3.2. Global Paper-based Packaging Market Forecast

    3.3. Macroeconomic overview and correlation analysis

        3.3.1. Cardboard Box Vs Market. Retail Sector Growth

        3.3.2. Cardboard Box Vs Market. manufacturing added value

        3.3.3. Cardboard Box Vs Market. Growth in the food and beverage sector

        3.3.4. Cardboard Box Vs Market. Packaging cost per person

    3.4. Global Packaging Industry: Mergers and Acquisitions

    3.5. Predictors: Relevance and Impact

to be continued… ..

Beyond this, the e-commerce channel is witnessing impressive traction, which further creates demand for corrugated boxes for transport-friendly packaging. Manufacturers have been shown to invest in corrugated boxes with properties such as flexibility, lightness, strength and durability to provide sustainable packaging. In addition to this, we use environmentally friendly materials to remove the harmful chemicals in the box, making it easy to recycle.

Due to the impact of COVID-19, the corrugated box market saw steady growth in sales. The end-use industry has ceased operations, but demand for products from online channels has remained stable, increasing demand for cardboard boxes for packaging. In addition, as consumers find it convenient to order, the demand for functional foods and pharmaceuticals is maintaining a high level.