Corrugated Boxes Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2024 to 2031)


Posted June 2, 2024 by mansi3210

Global corrugated boxes market is anticipated to grow at a CAGR of 4.0% during the forecast period (2024-2031).

 
Global corrugated boxes market is anticipated to grow at a CAGR of 4.0% during the forecast period (2024-2031). A major factor supporting the growth of the market is the increasing partnerships between the companies to expand their business and production line in the corrugated boxes market to propel investments. Collaboration between companies can lead to more efficient recycling processes, the use of alternative eco-friendly materials, and the development of new, sustainable box designs. By joining forces, companies can leverage each other's expertise and resources to enter new markets or customer segments along with the development of more efficient production lines, improved printing techniques, and innovative box designs. Collaboration between raw material suppliers, box manufacturers, and distributors ensures a smooth flow of materials and efficient production processes. This ultimately leads to faster delivery times and potentially lower costs for businesses that rely on corrugated boxes, increasing investment in the market.

In March 2024, Hinojosa Packaging Group acquired Italy-based paper and corrugated cardboard packaging producer MS Packaging to expand its global presence. Its acquisition gives two plants in Salerno and Arzano to Hinojosa. The deal also marks the company’s entry into Italy, which is considered to be one of the prominent markets for paper and cardboard in Europe.

In September 2023, a leading global provider of paper, paperboard, and corrugated packaging, Smurfit Kappa announced a merger with WestRock, another major global supplier for $11.15 billion. The new entity will retain WestRock’s listing on the New York Stock Exchange but will be headquartered in Ireland, where Smurfit has been domiciled. It will have a global workforce of about 100,000 employees.

Overall, increasing partnerships within the corrugated box industry fosters innovation, streamlines operations, expands market reach, promotes sustainability, and facilitates technological advancements. These factors all contribute to the continued growth and success of the global corrugated box market.

To Request a Sample of our Report on Corrugated Boxes Market: https://www.omrglobal.com/request-sample/corrugated-boxes-market

Market Coverage

The market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered-

By Type
By Box Layer
By End-User
Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- International Paper, DS Smith, Koch Industries, Inc., Mondi plc, and Nine Dragons Paper, among others.

Corrugated Boxes Market Report Segment

By Type

Folding Boxes
Rigid Boxes
Slotted Boxes
Telescope Boxes
By Box Layer

Single Wall Boards
Double Wall Boards
Triple Wall Boards
By End-User

Chemical
Electronic Goods
Food and Beverages
Home and Personal Care Goods
Textile Goods
Others (Transport and Logistics)
A full Report of Corrugated Boxes Market is Available @ https://www.omrglobal.com/industry-reports/corrugated-boxes-market

Corrugated Boxes Market Report Segment by Region

North America

United States
Canada
Europe

UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific

India
China
Japan
South Korea
Rest of APAC
Rest of the World

Latin America
Middle East and Africa
Company Profiles

Acme Corrugated Box Co., Inc.
Cascades, Inc.
Great Little Box Company Ltd.
Lee & Man Paper
Nine Dragons Paper Holding Ltd.
Neway Packaging Corporation
Oji Holdings Corporation
Packaging Corporation of America
Pratt Industries, Inc.
Packagingbee
Rengo Co., Ltd.
Smurfit Kappa Group
stora Enso Oyj
Sealed Air Corporation
Tat Seng Packaging Group Ltd.
WestRock Co.
Wertheimer Box Corp.
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We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
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Last Updated June 2, 2024