iCrowdNewswire Feb 4, 2021 6:00 AM ET
According to the latest report by IMARC Group, titled, “Corrugated Boxes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, the global corrugated boxes market reached a value of US$ 189.8 Billion in 2020.
Corrugated boxes are a type of packaging material that is manufactured by assembling layers of corrugated cardboard sheets. In comparison to cardboard boxes, these boxes are lightweight, crush resistant, highly durable, and flexible, as the air trapped between the layers creates a cushion effect. Moreover, corrugated boxes can withstand pressure and offer convenience to users while handling. Several manufacturers in different verticals have shifted from plastics-based packaging materials to biodegradable materials like corrugated boxes over the past few decades.
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Rapid digitization, inflating disposable incomes, and hectic lifestyles have provided a thrust to online shopping, which, in turn, has increased the demand for corrugated boxes in different shapes and sizes. Besides this, numerous food outlets, like cafes and restaurants, are also adopting corrugated boxes for delivery purposes on account of the growing environmental concerns. They are also integrating innovative printing methods like photorealistic image printing in order to create attractive packaging. Furthermore, key players are investing in research and development (R&D) activities to enhance the performance of corrugated boxes and increase their applications across various verticals.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Corrugated Boxes Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
International Paper Company, Nine Dragons Worldwide (China) Investment Group Co., Ltd., WestRock Company
Smurfit Kappa Group plc, Lee and Man Paper Manufacturing Ltd.
For more information about this report visit: https://www.imarcgroup.com/prefeasibility-report-corrugated-box-manufacturing-plant
The report has segmented the market on the basis of Material Used, End Use and Region.
Breakup by Material Used:
Breakup by End Use:
Food Products and Beverages
Electrical and Electronic Goods
Personal Care and Household Goods
Glassware and Ceramics
Middle East and Africa
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Keywords: corrugated boxes, market size, Packaging, industry, growth, cardboard box, Analysis