The corrugated boxes manufacturing global industries size in 2021 reaches US$193.8 Bn. The expectation of the market by 2027 is to reach US$ 225 Billion, exhibiting a 2.44% of CAGR during 2022-2027.
Corrugated box manufacturing is done by assembling corrugated cardboard sheets in three layers. The sheets assist in trapping air in between, and in acting as a cushion to protect the box contents. The corrugated boxes offer several advantageous properties, including lightweight, strength, high durability, flexibility, and aesthetic value. These boxes are by nature environment-friendly and it is because they manufacture without using harmful chemicals facilitating easy recycling.
Market Drivers
Corrugated boxes are in use extensively in the packing of electronics, food and beverages, personal care, chemicals, glassware and ceramics, household products, paper, and textiles. These end-use industries demand and have propelled the corrugated boxes demand worldwide. Moreover, there is strong growth in the e-commerce industry on account of the convenience offered by free shipping options like online shopping, and hassle-free delivery, in addition to the return policies. The online retailers use corrugated boxes product-specific to keep the items safe from mechanical stress that which influences positively the market growth. Manufacturers are investing in launching improved corrugated boxes research and are coming up with customized packaging to satisfy their wide consumer base.
Outlook of the Corrugated Box Market
The corrugated box manufacturing industry in India is anticipated to increase at a double-digit CAGR by the FY’2023, in revenue. It is because there is elevating demand to store, and transport products from the segment of end-users.
The future of corrugated box industries in the Smithers report forecasts the global corrugated board to increase by 2025 at 3.8% CAGR as a compound annual growth rate to reach $205.7Bn.
The demand is increasing for safe and cushioned product packaging, and it will augment the growth of the corrugated box manufacturing industry in India. The latest technology procurement machines from Taiwan, China, and other Asian countries by manufacturers are helping in making the production accurate and fast, thereby driving the corrugated box industry future.
Why corrugated boxes are in demand for packaging?
Corrugated boxes are prominent for their structural rigidity and cushioning, making them suitable for fragile articles packaging. Corrugated packaging offers unmatched advantages in comparison to other packaging types, as there are custom corrugated boxes to fulfill business and personal needs. Corrugated boxes are versatile to transport, made of kraft paper facilitating reuse, and repulped into recyclable attributes to environmental protection.
The industries that widely use corrugated boxes include:
Food- The corrugated packaging prevents bacterial infections and supports food safety. The research shows corrugated containers are effective in keeping vegetables and fruits fresher and preventing the bacteria spread trapping them in the corrugated containers fibers.
Office Supply/Stationery- Best to pack in corrugated boxes as it averts the fear of damage.
Industrial logistics and supply- Corrugated packaging is the best thing happening and helps transport industrial products with ease. It requires packing products easily.
Textiles- Corrugated boxes come in different designs and sizes, making them ideal for products of different kinds.
Electronic items- They are mostly fragile and the corrugated boxes protect them from shocks they experience in transit. It keeps delicate electronic devices safe.
E-commerce- The utmost importance is the corrugated boxes for the e-commerce industry. It comes in unique design, brand quirkiness, and style to help in increasing and improving marketing and branding.
Healthcare- Corrugated boxes medication packaging is good to ascertain medicine’s reach safely the destination. Transporting tiny and valuable goods from one place to another without damaging the box contents is assured with corrugated boxes.
Relocation- If you are thinking of moving or hiring movers and packers to help you, use corrugated boxes to shift your belongings undamaged, and the shifting is faster.
Essential technologies and trends are sure to help in the next five years. They will provide a wider picture context by 2025.
- Flute finer grades demand for high-quality printed cases and an alternative to rising with folding cartons
- Sustainability and recycling as a concern for brand owners and converters, but materials oversupply may generate price pressure.
- Lightweight corrugated designs in pressure may harm sales volume as less fiber delivers the required performance
- E-commerce demand will continue and ask for high-quality print graphics
- Retail-ready packaging where more modern retailing develops and expands in Asia and other places.
- Dimensional weighing in packaging and minimizing the focus on extraneous components will slow the use of corrugated in e-commerce direct-to-consumer shipping.
- Overall demand increase in digital printing for better quality and the expansion in packaging printer’s options in RRP and standard corrugated formats.
- New coating technologies include bio-based polymer solutions to promote the coated corrugated grade’s recyclability.
The unparalleled insight into the current and future demand for corrugated packaging and containerboard shows a great increase. Thus, it shows the trends to support the corrugated box packaging industry as analysis shows these major business trends will look for corrugate packaging.
