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Corrugated Boxes Market size was valued at USD 67.6 Billion in 2021 and is poised to grow from USD 70.3 Billion in 2022 to USD 92.94 Billion by 2030, at a CAGR of 3.6% during the forecast period (2023-2030).

The corrugated boxes market features a highly competitive landscape characterised by the presence of numerous players operating across various regions. The market is driven by intense competition and continuous efforts by companies to innovate and differentiate their offerings. Key market players in the corrugated boxes industry focus on expanding their product portfolios, improving production capabilities, and strengthening their distribution networks. They strive to meet the evolving needs of customers, such as providing customised solutions, enhancing packaging performance, and incorporating sustainable practices. The competitive landscape is influenced by factors such as market consolidation, strategic alliances, mergers and acquisitions, and partnerships. 'International Paper Company - US', 'WestRock Company - US', 'Smurfit Kappa Group - Ireland', 'Packaging Corporation of America - US', 'DS Smith - United Kingdom', 'Mondi Group - United Kingdom', 'Georgia-Pacific LLC - US', 'Nine Dragons Paper (Holdings) Limited - China', 'Oji Holdings Corporation - Japan', 'Pratt Industries - US', 'Stora Enso - Finland', 'Klabin - Brazil', 'Lee & Man Paper Manufacturing Limited - Hong Kong', 'Rengo Co., Ltd. - Japan', 'Svenska Cellulosa AB (SCA) - Sweden', 'Sappi Limited - South Africa', 'Visy Industries - Australia', 'Shanying International Holdings Co., Ltd. - China', 'VPK Packaging Group - Belgium', 'Packaging Coordinators Inc. (PCI) - US'

The rapid expansion of the e-commerce industry is a significant driver for the corrugated boxes market. With the increasing popularity of online shopping, there is a rising demand for secure and reliable packaging solutions to ensure the safe delivery of products. Corrugated boxes provide excellent protection, lightweight properties, and cost-effectiveness, making them a preferred choice for e-commerce packaging.

Sustainable Packaging Solutions: There is a growing emphasis on sustainability in the packaging industry, and this trend extends to the corrugated boxes market. Companies are increasingly focusing on using recycled materials, promoting recyclability and biodegradability, and reducing their carbon footprint. This trend aligns with the rising consumer demand for eco-friendly packaging options.

One dominant region in the corrugated boxes market is Asia Pacific. The Asia Pacific region, including countries such as China, India, Japan, and South Korea, holds a prominent position due to its large population, rapid industrialization, and increasing e-commerce activities. The region's dominant position can be attributed to the growing consumer demand for packaged goods, the expansion of manufacturing industries, and the rise of online retail. Asia Pacific is a major hub for corrugated box production, driven by the need for efficient packaging solutions across various sectors.

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Global Corrugated Boxes Market

Product ID: SQMIG15H2050