The Corrugated Boxes Market size is expected to surpass USD 99 billion by 2032. The rapid expansion of the e-commerce sector is driving the demand for corrugated packaging, which offers durable and cost-effective solutions for shipping and handling products.
Additionally, growing environmental awareness is increasing the preference for recyclable and sustainable packaging materials, further boosting the appeal of corrugated boxes.
According to the Census Bureau of the Department of Commerce, U.S. e-commerce retail sales for the first quarter of 2024 were projected at USD 1,820 billion. This rise in retail channel sales is escalating the demand for corrugated boxes as sustainable packaging solutions.
Moreover, the expanding food and beverage (F&B) sector requires secure and hygienic packaging for transport and storage. Advancements in printing and customization technologies are enhancing branding and product differentiation, making corrugated boxes more attractive to businesses.
The global increase in consumer goods manufacturing and retail activities is also driving the demand for corrugated packaging solutions.
The folder boxes segment of the corrugated boxes market is projected to see substantial growth from 2023 to 2032. The versatility and ease of assembly of folder boxes make them ideal for various industries, including e-commerce and retail.
Their lightweight yet sturdy nature ensures efficient product protection and reduced shipping costs. The growing demand for customizable packaging solutions for branding purposes is further driving the segment’s growth.
The corrugated boxes market from the lithography printing technology segment is expected to grow at a notable rate through 2032. This is due to its ability to deliver high-quality, detailed, and vibrant print results that enhance product appeal and brand visibility.
The capability to print complex designs and color gradients makes corrugated boxes ideal for premium packaging.
Recent advancements in lithographic technology have improved efficiency and cost-effectiveness, making it more accessible for manufacturers. The rising demand for visually appealing and customized packaging solutions will also accelerate the technology’s adoption.
The North America corrugated boxes market is projected to grow significantly from 2023 to 2032. The booming e-commerce sector in the region is increasing the demand for durable shipping solutions. Environmental awareness is driving the preference for recyclable packaging.
The growth of the F&B sector is necessitating secure packaging, further fueling product demand. Advancements in customization and printing technologies, along with rising manufacturing and retail activities, will drive the regional market’s progression.
Leading firms in the corrugated boxes industry include Mondi Group, International Paper, WestRock Company, DS Smith, Smurfit Kappa Group, Rengo Co., Ltd, and Cascades Inc.
These market players are adopting various corporate development strategies, such as mergers and acquisitions, collaborations, and launching new products to expand their global footprint.
For instance, in September 2023, Coca-Cola introduced 100% recyclable cardboard and paper packaging for 1.5-liter multipacks of Coca-Cola, Fanta, and Sprite in Austria. This new packaging, which is easy to carry and recycle, will save about 200 tonnes of plastic annually in Austria.
