Corrugated Boxes Market Trends, Share, Demand, Growth And Forecast 2022-2027 – ChattTenn Sports

2022-03-26 07:33:40 By : Ms. Millissa Du

According to the latest report by IMARC Group “Corrugated Boxes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global corrugated boxes market size reached US$ 193.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 225 Billion by 2027, exhibiting at a CAGR of 2.44% during 2022-2027.

Corrugated boxes refer to a type of packaging material made up of corrugated paperboard. They are highly durable, light-weight, flexible, crush-resistant, cost-effective and can withstand pressure, unlike cardboard boxes. They offer convenience, product safety and are easy to handle during packaging, loading and unloading. Nowadays, as consumers are becoming aware of the environmental hazards posed by non-biodegradable and plastic-based packaging materials, corrugated boxes have gained immense popularity as a sustainable packaging solution across various industry verticals.

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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.

With the ongoing trend of online shopping, corrugated boxes have gained momentum across the globe. Manufacturers are designing corrugated boxes in a wide range of shapes and sizes to make the packaging unique and attractive, which has encouraged e-commerce retailers like Amazon and Flipkart to use them extensively for storage and shipping purposes. Apart from this, these boxes are capable of photorealistic image printing which helps in effective marketing by developing brand awareness and promoting the products among consumers. Owing to this, they are highly preferred in retail ready packaging (RRP) and shelf ready packaging (SRP). Moreover, the leading companies are investing in research and development (R&D) activities to upgrade and enhance the chemical resistance, weatherability, dimension stability and other physical properties of corrugated boxes to diversify their applications.

Competitive Landscape with Key Player:

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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