The corrugated boxes market size is expected to witness a CAGR of 4.3% during 2020–2030, which will increase the size of the market from $180.9 billion in 2019 to $284.6 billion by 2030.
Based on box style, the corrugated boxes market is categorized into slotted, telescope, folder, and rigid. Among these, the slotted category is predicted to account for the largest share in the market during the forecast period, as these are made from one-piece corrugated boards, which enable easy foldability because of their flexibility. These boxes comprise separators/dividers that assist in organizing assorted products to contain their movement. Moreover, the fill-in pads and overlapping flaps in the boxes offer extra cushioning to the products, which is why slotted boxes are widely used for shipping purposes.
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A number of companies have come forward to meet the rising demand for such materials. These include WestRock Company, Packaging Corporation of America, International Paper Company, Mondi plc, Nine Dragons Paper (Holdings) Limited, Smurfit Kappa Group, Stora Enso Oyj, DS Smith plc, and Oji Holdings Corporation. Many of these are entering into mergers and acquisitions to gain a competitive edge. For instance, WestRock Company acquired KapStone Paper and Packaging Corporation in November 2018 to generate $200 million by 2021 and strengthen its presence in the U.S.
Market Segmentation by Flute Type
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Market Segmentation by Board Style
Market Segmentation by Box Style
Market Segmentation by End Use
- Processed Food
- Fresh Food and Produce
- Paper Products
- Electrical Goods
- Personal/Household Care
- Glassware and Ceramics
- Wood/Timber Products
- Direct Mail