Corrugated Boxes Market Share

Asia Pacific Market Analysis

Asia Pacific in corrugated boxes market is set to dominate around 52.5% revenue share by the end of 2037. The food and beverage, electronics, and personal care sectors particularly in China, Japan, and India have efficient demand and supply cycles, which are responsible for APAC's large corrugated boxes market share. Increases in e-commerce are driving the local market. Its strong market share is also a result of the region's substantial corrugated box manufacturing base. For example, with 29% of its total retail sales coming from e-commerce in 2023, China seemed to be the most proactive Asia Pacific to embrace e-commerce.

In China, the corrugated boxes market remains highly competitive with companies including Bohui Group, Investment Group Co., Ltd., Lee & Man Paper Manufacturing Ltd., and Nine Dragons Worldwide. Due to their enormous production quantities, China manufacturers can take advantage of economies of scale. This makes them extremely competitive in both home and foreign markets by enabling them to produce corrugated boxes at lower costs than other nations. Furthermore, a sizable amount of China's manufactured commodities is bound for foreign markets due to the country's export-oriented economy. The need for sturdy packaging solutions for these items' safe transportation is driving the demand for corrugated boxes.

In Japan, ongoing research and development efforts to enhance production capacities and enhance product performance, cost considerations, materials, and delivery systems are fostering a favorable market outlook. Additional drivers of the market expansion include the introduction of corrugated boxes in novel sizes and designs, as well as the use of impelling marketing techniques, including personalized packaging, to increase the number of customers.

North America Market Analysis

North America in corrugated boxes market is expected to experience a stable CAGR during the forecast period. One major element propelling the market's expansion is the thriving e-commerce sector in the region. Corrugated board boxes have been used for primary packaging by well-known e-commerce companies including Amazon as they safeguard products and guarantee consumer pleasure. To reduce expenses and improve the visual impact during unpacking, corrugated boxes used for e-commerce are more likely to be printed with superior graphics and tailored to fit the contents of the package.

The high demand for corrugated boxes is a major factor in the growth of the e-commerce sector in the U.S. The U.S. Department of Commerce reports that in the first quarter of 2024, e-commerce made up 15.9% of all retail sales in the nation. A good demand for corrugated boxes market was indicated by this statistic, which was projected to be greater than in the previous quarter.

In Canada, rising packaged beverage consumption propels industry expansion. There are various uses for corrugated boards in beverage packaging. Sometimes, the packaging is utilized to shield drink bottles from contamination or leaks. In certain situations, it might be applied as a barrier to shield the skin from the sun. The cost-effectiveness of corrugated boxes has propelled the growth of the Canada corrugated boxes market.