The global corrugated boxes market reached a value of US$ 184.6 Billion in 2019, registering a CAGR of 4.3% during 2014-2019. Corrugated boxes are made by assembling three layers of corrugated cardboard sheets. These sheets assist in trapping air between them which acts as a cushion for protecting the contents of the box. In comparison with other forms of packaging, corrugated boxes offer numerous advantageous properties which include strength, lightweight, flexibility, high durability and aesthetic value. Additionally, these boxes are environment-friendly in nature as they are manufactured without the use of any harmful chemicals and can be easily recycled.
Corrugated boxes are widely utilized in the packaging of food and beverages, chemicals, glassware and ceramics, paper, electronics, textiles, personal care and household products. The growth in these end-use industries has propelled the demand for corrugated boxes worldwide. Moreover, the e-commerce industry is experiencing strong growth on account of the convenience offered by online shopping such as free shipping options, and hassle-free delivery and return policies. As online retailers use product-specific corrugated boxes to keep items safe from mechanical stress, it is positively influencing the market growth. Apart from this, in order to launch improved corrugated boxes, manufacturers are investing in research and development activities. They are also coming up with customized packaging to widen their consumer base. According to IMARC Group, the global corrugated boxes market is expected to witness moderate growth during the next five years.
Breakup by Material Used:
- Recycled Corrugates
- Virgin Corrugates
Currently, recycled corrugates account for the majority of the total market share. This can be accredited to their extensive usage in the packaging of lightweight products like cosmetics, consumer electronics and fast-food items.
Breakup by End-Use:
- Food Products and Beverages
- Paper Products
- Electrical and Electronic Goods
- Personal Care and Household Goods
- Glassware and Ceramics
- Textile Goods
The report finds that food products and beverages currently represent the largest end-use segment of corrugated boxes. This can be attributed to the advantages offered by these boxes which include lightweight, structural rigidity, and cushioning effect.
- Asia Pacific
- North America
- Latin America
- The Middle East and Africa
On the geographical front, Asia Pacific enjoys the leading position in the global corrugated boxes industry on account of a large consumer base and rapid economic development in countries such as China and India.
Although the coronavirus disease (COVID-19) crisis takes over the world, the Hongdu Paper in the North of China hasn’t been impacted. We still persist in manufacturing the high-quality customized corrugated boxes as your requirements. Hongdu Paper is proud to act as a partner to our customers. We will ensure you the high-quality customized corrugated boxes, cardboard boxes, shipping boxes, gift boxes, cosmetic boxes, facial mask boxes, mailer boxes, and so on with the short production period for your large orders with the accurate delivery time, and sincere service.
Hope to cooperate with the same powerful business partner like you.
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