Corrugated And Paper Boxes Market To Witness Remarkable Growth By 2030 | Cascades Inc.DS Smith Plc, Georgia-Pacific Corporation, Graphic Packaging International, Inc. – This Is Ardee

2022-07-24 11:04:18 By : Ms. Judy Liao

The global corrugated and paper boxes market size was US$ 91.9 billion in 2021. The global corrugated and paper boxes market is forecast to grow to US$ 151.54 billion by 2030 by growing at a compound annual growth rate (CAGR) of 6.10% during the forecast period from 2022 to 2030.

Paper and paper-based packaging are widely adopted to deliver goods from one place to another. This method is considered one of the cost-efficient, lightweight, and attractive, which also ensures the safety of the product. Thus, these benefits are forecast to drive the global corrugated and paper boxes market forward during the forecast period.

Corrugated boxes are also used in the form of shipping containers in the food & beverages industry. Thus, the rapidly growing food and beverage sector will contribute to the growth of the global corrugated and paper boxes market.

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The growing e-commerce industry is forecast to offer ample growth opportunities for the corrugated and paper boxes market. In addition, the rising awareness related to sustainable packaging solutions will propel the corrugated and paper boxes market forward.

Rising industrialization and favorable government policies to ban plastic waste will offer lucrative growth opportunities for the market. Furthermore, the growing number of online food delivery and shopping platforms will escalate the growth of the global corrugated boxes market.

The high installation costs of machinery and equipment may impede the growth of the corrugated and paper boxes market.

The wake of the COVID-19 pandemic has been beneficial for the corrugated and paper boxes market. The market witnessed a sudden rise in global sales due to rising demand for doorstep delivery. The demand for packed food, beverages, dairy products, and other items escalated. People started adopting online platforms to avoid contact. Thus, it has been beneficial for the entire corrugated and paper boxes market. In addition, corrugated and paper boxes are low in cost and can be recycled. This factor has been a significant push towards market growth.

Asia-Pacific corrugated and paper boxes market is forecast to emerge as the largest market due to the rapidly growing e-commerce industry. Furthermore, increasing disposable income and the growing food and beverage industry will contribute to the growth of the corrugated and paper boxes market.

Competitors in the Market Cascades Inc.DS Smith Plc Georgia-Pacific Corporation Graphic Packaging International, Inc. International Paper Company Klabin S.A. Mondi Group Nine Dragons Paper (Holding) Limited Nippon Paper Industries Co. Ltd Oji Holding Corporation Orora Packaging Australia Pty Ltd Packaging Corporation of America Rengo Co., Ltd. Smurfit Kappa Group WestRock Other Prominent Players

The global corrugated and paper boxes market segmentation focuses on Material, Product, Application, and Region.

The corrugated and paper boxes market has been segmented based on material –Paperboard Adhesives Inks Waxes

The corrugated and paper boxes market has been segmented based on product – Corrugated & Solid Fiber Boxes Set-up Paperboard Boxes Folding Paperboard Boxes

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The corrugated and paper boxes market has been segmented based on application – Food & Beverages Paper & Publishing Chemicals Personal Care Products Pharmaceuticals Others (Consumer Goods and Electronic Goods)

The corrugated and paper boxes market has been segmented based on region –

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