The global cardboard box market size was US$ 198 billion in 2021. The global cardboard box market is forecast to grow to US$ 312 billion by 2030, registering a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2022 to 2030.
Factors Influencing the Market
A cardboard box is used to pack food and beverages, electrical equipment for the home, cigarettes, and medical tools. Marketers use cartons by adorning them with eye-catching artwork. Moreover, firms can also include their logo, company name, and other promotional information on their packaging. Thus, such factors are likely to boost the growth of the cardboard box market during the study period.
The global cardboard box market is being driven by a number of key factors, including the fact that cardboard box manufacturing is labor-intensive. Furthermore, the automation of the production process are forecast to gain rapid traction. Thus, it will surge the growth of the global cardboard box market during the study period.
Cardboard containers are the cheapest type of packaging that helps to lower the price of the end product. Thus, it is forecast to drive the growth of the cardboard box market during the forecast period.
This product is biodegradable and recyclable, and it has the least negative influence on the environment. Their presence of alternatives such as plastics and polymers is likely to grow as a result of their environmental friendliness.
Furthermore, cardboards may be readily folded and stacked. Corrugated cardboard boxes are light in weight and simple to handle during loading and unloading. All of these positive elements are likely to contribute to overall industry growth.
Low product life may limit the growth of the global cardboard box market during the forecast period. On the contrary, the increasing trend of e-commerce platforms is likely to accelerate the growth of the cardboard box industry.
COVID-19 Impact Analysis
The demand for cardboard box increased during the COVID-19 pandemic. The online shopping has been trending after the sudden onset of the COVID-19 pandemic. Thus, it surged the demand for cardboard boxes.
Regional Analysis
In 2020, Asia-Pacific registered the rapid growth in cardboard box market. Moreover, China held the largest share in the market. Based on the advances in the electronic appliances industry, South Korea and Taiwan are likely to see an increase in regional cardboard packaging demand.
Competitors in the Market
International Paper Company
Mondi Group
Smurfit Kappa Group
DS Smith PLC
WestRock Company
Packaging Corporation of America
Cascades Inc.
Oji Holdings Corporation
Georgia-Pacific LLC
Nippon Paper Industries Ltd
Rengo Co. Ltd
Klingele Papierwerke GmbH & Co. KG
Klabin SA
Sealed Air Corporation
Other Prominent Players
Market Segmentation
Based on Material, the cardboard box market has been segmented into
Recycled
Virgin
Based on End-Use, the cardboard box market has been segmented into
Food Products and Beverages
Paper Products
Electrical and Electronic Goods
Personal Care and Household Goods
Chemicals
Glassware and Ceramics
Textile Goods
Others
Based on Region, the cardboard box market has been segmented into
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America