Corrugated & Paperboard Boxes Market Size (2024 - 2029)

Corrugated & Paperboard Boxes Market Analysis

The Corrugated & Paperboard Boxes Market size is estimated at 195.40 Million metric tons in 2024, and is expected to reach 248.47 Million metric tons by 2029, growing at a CAGR of 4.92% during the forecast period (2024-2029).

• The corrugated and paperboard box market has been developed. Still, there are opportunities for gains, especially in the rise of box features, to account for more direct-to-consumer applications and maintain sustainability.
• Corrugated and paperboard boxes are utilized in the packaging and transportation of a wide variety of products and have become immensely significant in recent years due to the accelerated growth of the e-commerce industry, which is anticipated to remain a principal driving factor for the global corrugated and paperboard boxes market, as it requires corrugated and paperboard boxes for carrying and storing the wide variety of products it handles.
• Also, corrugated packaging covers 88% of recycled content with added fresh fibers originating from sustainably managed forests, so it is safe rather than catastrophic. Notable e-commerce businesses like Amazon are pushing towards corrugated board packaging for e-commerce packaging as it aids in controlling costs and gives an environment-friendly option.
• While the food and beverage industry ranks as one of the biggest established end-user application sectors for corrugated and paperboard boxes, future growth is anticipated from other developing fields, such as electronic products and accessory packaging. Asia-Pacific serves the most comprehensive and fastest-growing market globally, led by factors such as rising economies, increasing disposable incomes, and enhanced consumption of manufactured goods. Although the number of corrugator plants has declined by nearly 200 since 1992, the total production levels have increased by over 500 million square feet in the whole yearly production at a similar time (Fibre Box Association).
• Corrugated board packaging is an adaptable and cost-efficient solution to protect, preserve, and transport a range of products. The corrugated packaging features include light weight, biodegradability, and recyclability. It is the preferred option in the packaged food market and can be found in various end-user industries, such as food, beverage, soups, seasonings, and dairy products. Compared to different packaging materials such as glass and metal, it helps reduce and protect the final product's total weight and protect it.
• Consumers are becoming more aware of the environmental hazards of packaging and are moving their purchasing practices to more eco-friendly options. With the growing consumer and government pressure, it becomes necessary for companies to make their packaging and processes more environmentally friendly. Individuals are ready to pay more for environmentally friendly packaging. Thus, the demand for corrugated packaging is growing.
• The need for green packaging materials, particularly paper packaging solutions, is further fueled by the enforcement of strict legislation regarding the ban on single-use plastic. In addition, the increasing use of e-commerce platforms in the region is owing to the growth of a tech-savvy population that is increasingly embracing the convenience and affordability of online shopping.

Corrugated & Paperboard Boxes Industry Segmentation

Corrugated and paperboard boxes are crimped cardboard layers, also known as fluting, and jammed between two thin outer layers. Corrugated boxes are obtainable in numerous shapes and sizes. They are widely used in packaging diverse commodities such as dangerous chemicals, foods, beverages, cosmetics, pharmaceuticals, and other substances. These boxes are the preferred means of packaging as they possess great strength, long durability, appealing artistic value, light-weightiness, recyclability, and cost-effectiveness.

The corrugated and paperboard market is segmented by product (corrugated and solid fiber boxes, folding paperboard boxes, set-up paperboard boxes, and other products), by end-user industry (food and beverage, durable goods, paper and publishing, chemicals, and other end-user industries), by geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The market sizes and forecasts are provided in terms of volume (metric tons) for all the above segments.