Post-Covid-19 Epidemic Era, Corrugated Boxes Industry Development Trend Analysis Report 2023

Length- 114 Pages | Published Date - 2023-04-28 | Report Id- 2761
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Within the research scope of this report, it shows that the global Corrugated Boxes market had a market size of about 169845.32 Million USD in 2022, growing at a CAGR of 4.49% during 2023-2029 to 230981.23 Million USD in 2029.

MARKET COMPETITIVE LANDSCAPE:
Major players in this market include WestRock (RockTenn), International Paper, DS Smith, Smurfit Kappa Group, Oji, and etc.
---The combined market share of the Top 3 players in the global Corrugated Boxes market is about 19.11%.

REGION SHARE:
The report covers the market size information of major Regions/Countries around the world, including NA/United States, EU/Germany, APAC/China, LA/SA, MEA and etc.
---In the geographical distribution of Corrugated Boxes market in 2022, the Asia Pacific has the largest market size and its market share is about 41.98%, followed by Europe and its market share is about 27.39%.

SEGMENT OVERVIEW:
This report conducts segment analysis on type and application level. Type segment includes Single Corrugated, Double Corrugated, etc. Application segment includes Food & Beverage, Electronics & Home Appliance, etc.
---Single Corrugated contributes approximately 48.09% share to the market in 2022.
---Food & Beverage contributes approximately 37.13% share to the market in 2022.

The cumulative impact of COVID-19, Russia-Ukraine conflict, and high inflation is expected to have a significant long-term impact on the global Corrugated Boxes markets. Ongoing research considers changes in consumer behavior, supply chain disruptions, and government intervention caused by the pandemic. Likewise, the report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine conflict and its potential impact on the supply-demand balance, pressure on pricing variables, and import, export, and trade. In addition, the report discusses the impact of high inflation on the global economy and details fiscal policies to measure and reduce its impact on demand, supply, cash flows, and currency exchange.

Market Statistics:
Reports provide market sizes and forecasts for multiple major currencies (USD, EUR, JPY, GBP, CNY, etc.); multi-currency support helps organizational leaders make informed decisions. This report takes 2018-2021 as the historical year, 2022 as the base year, 2023 as the semi-forecast year, and 2024-2029 as the full forecast year.

Market Share Analysis:
Market share analysis provides deep insights into the current status of vendors in a particular market space. By comparing suppliers” contributions to total revenue, customer base, and other key metrics, we can give companies a better understanding of their performance and the challenges they face as they compete for market share. The analysis also sheds light on the competitiveness of any given sector in terms of accumulation, diversification of strengths, and consolidation characteristics during the base year studied.

The report provides insights on the following metrics:
Market Penetration: Provides comprehensive information on the market offered by key players
Market Diversification: Provides detailed information on new product launches, greenfield regions, recent developments and investments
Market Trends: A Big Picture of the Cumulative Impact of COVID-19, Russia-Ukraine Conflict, and High Inflation
Competitive assessment and intelligence: Provides an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape and manufacturing capabilities of leading players
Product Development & Innovation: Provides intelligent insights into future technologies, R&D activities, and breakthrough product developments
Market Segmentation: Segment by Type, Application, and Region to provide detailed insights into market information.

Market Trend:
E-commerce and online retail: The growth of e-commerce and online retail has had a significant impact on the demand for corrugated boxes. With the increasing popularity of online shopping, there is a growing need for reliable and sturdy packaging solutions to protect products during transit. Corrugated boxes are preferred due to their strength, lightweight nature, cost-effectiveness, and recyclability. The rise of e-commerce platforms and the expansion of online retail have fueled the demand for corrugated boxes.

Sustainable packaging: Environmental sustainability has become a crucial factor in the packaging industry, including the corrugated boxes segment. Consumers and businesses are increasingly conscious of the environmental impact of packaging materials. Corrugated boxes, being recyclable and made from renewable resources, are considered environmentally friendly. As a result, there is a growing preference for corrugated boxes over non-recyclable or non-biodegradable alternatives. Manufacturers are also focusing on using eco-friendly inks and adhesives in the production of corrugated boxes.

Customization and branding: Corrugated boxes offer flexibility in terms of design, printing, and customization. Businesses are leveraging this feature to create unique packaging solutions that align with their branding strategies. Customized corrugated boxes with company logos, product information, and attractive graphics help enhance brand visibility and create a memorable unboxing experience for customers. As a result, there is an increasing demand for customized corrugated boxes that can be tailored to specific product requirements and brand identities.

Protective packaging and product safety: Corrugated boxes are known for their protective properties, providing cushioning and impact resistance to products during shipping and handling. With the emphasis on product safety and minimizing damage, businesses are choosing corrugated boxes as a reliable packaging option. The ability of corrugated boxes to absorb shocks and protect delicate or fragile items makes them highly suitable for industries such as electronics, glassware, and cosmetics.

Automation and technology integration: The corrugated box industry is adopting automation and technology integration to streamline manufacturing processes, improve efficiency, and meet growing demand. Advanced manufacturing equipment, such as high-speed box-making machines and automated packaging lines, are being used to increase production capacity and reduce costs. Digital printing technologies are also gaining traction, enabling faster turnaround times, personalized printing, and shorter print runs for corrugated boxes.

Supply chain and logistics optimization: The optimization of supply chain and logistics operations is a significant trend in the corrugated box market. Efficient packaging solutions, including standardized sizes, stackability, and compatibility with material handling equipment, help streamline warehouse operations and transportation. Corrugated boxes are designed to optimize space utilization, minimize transportation costs, and ensure safe stacking and handling in distribution centers and during transit.

Shift towards lightweighting: There is a growing focus on lightweighting in the packaging industry, including the use of lightweight corrugated boxes. Lightweight boxes help reduce material consumption, transportation costs, and environmental impact without compromising strength and performance. Manufacturers are exploring innovative ways to reduce the weight of corrugated boxes while maintaining their structural integrity.

Highlights-Regions
North America
United States
Canada

China

Asia Pacific (Excluding China)
Japan
Korea
Southeast Asia
India
Australia

Europe
Germany
France
UK
Italy
Russia
Nordic

Latin America
Brazil
Argentina
Mexico

Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

Player list
WestRock (RockTenn)
International Paper
DS Smith
Smurfit Kappa Group
Oji
Rengo
Alliabox International (Alliance)
Mondi Group
Packaging Corporation of America
Nine Dragons Worldwide (China) Investment Group Co., Ltd.
Cascades
SAICA
Stora Enso
Bingxin Paper
Georgia-Pacific
THIMM
YFY
Shanying Paper
SCA
Rossmann
Long Chen Paper
PMPGC
Cheng Loong Corp
Nefab Group
Jingxing Paper
Come Sure Group
Hexing Packing
Others

Types list
Single Corrugated
Double Corrugated
Triple Corrugated
Others

Application list
Food & Beverage
Electronics & Home Appliance
Consumer Good
Pharmaceutical Industry
Others

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Post-Covid-19 Epidemic Era, Corrugated Boxes Industry Development Trend Analysis Report 2023

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