According to Future Market Insights research, during the projected period, the global non-corrugated boxes market is set to enjoy a valuation of USD 56.9 billion in 2022, and further expand at a CAGR of 7.2% to reach USD 114.0 billion by the year 2032. The sales of non-corrugated boxes are projected to augment with the top 5 companies anticipated to hold approximately 10-15% of the market by the end of 2022.
Based on thickness, thickness between 1.5mm to 2.5mm segment is projected to hold the account for around 44% of the market value share by the end of 2022. The increased preference for standard boxes with ideal thickness is projected to augment the sales of non-corrugated boxes with thicknesses between 1.5mm to 2.5mm.
Attributes | Details |
---|---|
Market Size 2022 | USD 56.9 billion |
Market Size 2032 | USD 114.0 billion |
Value CAGR (2022 to 2032) | 7.2% |
Collective Value Share: Top 3 Countries (2022E) | 25-30% |
The non-corrugated boxes market saw positive growth in 2021. With the propelling demand from the various end-users, the global non-corrugated boxes market is projected to reach USD 114.0 billion by 2032, accelerating at a CAGR of 7.2% during the forecast period.
The non-corrugated boxes market is estimated to experience a positive growth outlook during the forecast period. A new forecast by FMI anticipates that the Non-corrugated box sales will rise from 2022 to 2032 and is projected to create an absolute incremental growth opportunity of USD 57.1 billion.
The significantly changing food service industry amid the pandemic has increased the demand for non-corrugated boxes. The Non-corrugated boxes market is anticipated to expand 2.0 times the current market value during the forecast period.
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The global non-corrugated boxes market witnessed a CAGR of 4.9% during the historic period.
The non-corrugated boxes can be termed paperboard boxes also. These non-corrugated boxes are one-layer paper boxes that are being used in packaging. Creatively used paperboard attracts consumers toward the box. Different sub-types such as craft paper boxes, and cardboard boxes are having their uniqueness and attractiveness. Suppliers prefer non-corrugated boxes especially when the product is lighter in weight or has no damage risks. These boxes are easy for shipping and warehouse.
The continuously growing food & beverage and food service industry is projected to drive the demand for non-corrugated boxes. The changes in the eating habits and lifestyle of the people have increased the usage of packed food which creates a growth opportunity for the Non-corrugated boxes market. Overall, the global Non-corrugated boxes market is anticipated to bolster at a faster pace during the forecast period.
The food service industry is a volatile industry with changing consumer tastes. The demand for convenient & packed food has increased as it can be served as a quick meal and the time spent in the kitchen is saved. Owing to the increased consumption of convenient and packed foods, the need for packaging, which is easy to store, and carry, and enables immediate consumption is increased.
Non-corrugated boxes not only serve as secure packaging but also are easy to handle and can help in immediate consumption. In addition, the freshness and nutrition of the products can be preserved for a longer time using fast food containers. Thus, the increasing demand for convenient & disposable packaging has augmented the sales of fast food containers.
Non-corrugated boxes are sturdy and robust, which helps in keeping the product safe inside them. Non-corrugated boxes offer ample protection to products. Reliable & protective packaging is important for various end-use industries and luxury & premium brands. These boxes protect expensive & fragile retail products against damage. Non-corrugated boxes are strong as they are produced using high-quality and secure fitting lids, which are made available in different options as per the requirements of end-use industries or brands.
The telescopic box is expected to grow at a CAGR of 7.7% for the forecast period of 2022 to 2032. Telescopic boxes are generally used for shoes, clothes, and kitchen appliances. Telescopic boxes can be customized into required sizes according to need. These boxes can be easily printed with brand logo and company information as it offers great printability. Also, they are cost-effective as compared to other rigid boxes available in the market. These all parameters will boost demand growth for telescopic boxes.
The consumer electronics segment is anticipated to hold around 36% of the market share by the end of 2032. As demand for consumer electronics is rising, the need for better packaging is increasing. Noncorrugated boxes offer protection to fragile consumer electronics products. Overall these will create a positive growth outlook for the non-corrugated boxes market.
Mexico has witnessed incremental GDP in the last decade. Along with this, the country has become a manufacturing hub. According to data collected from World Bank, the value of Mexico’s manufacturing industry was USD 232 billion in 2021. The huge manufacturing industry will also require a huge amount of packaging materials.
As per the data collected from World Integrated Trade Solution, the total import of paperboard boxes was USD 717 million in 2019. The huge demand for paperboard boxes has been noticed due to the country’s rising manufacturing sector. Mexico is the biggest importer of paperboard boxes and with such substantial trading value, Mexico is driving the non-corrugated boxes market.
India’s paper-based rigid boxes market is projected to grow at a CAGR of 7.6% during the forecast period of 2022 to 2032.
As per the Electronic Industries Association of India (ELCINA), the overall production of electronic devices has gone up to USD 75 billion in the year 2019-20. Electronics products are generally packed in non-corrugated boxes for the protection of the product as well as for eye-catching retail display. As the production has increased, it will also stimulate the demand for the non-corrugated boxes market in India.
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The key players operating in the Non-corrugated boxes market are trying to focus on the Expansion of their manufacturing capacities. These expansions will help big companies to capture the market. Key companies have built new plants and acquired different companies to regain their position in the market. Some of the changes are as follows:
Attribute | Details |
---|---|
Growth Rate | CAGR of 7.2% from 2022 to 2032 |
Historical Data | 2017 to 2021 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in USD Million, Volume in Units and CAGR from 2022 to 2032 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Segments Covered | Box Type, Thickness, End Use, Region |
Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Middle East and Africa; Oceania |
Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, India, GCC countries, Australia |
Key Companies Profiled | Caraustar Industries Inc.; DS Smith Plc; Georgia-Pacific Corporation; International Paper; Klabin SA; Clearwater Paper Corporation; Graphic Packaging Holding Company; WestRock; Smurfit Kappa Group; Emenac Packaging USA; Deluxe Packaging, Inc; Mondi group; Stora Enso; BioPak UK; Creative Corrupack |
Customization & Pricing | Available upon Request |
In 2021, the value of the global non-corrugated boxes market was US$ 54.2 billion.
During the forecast period, the global Non-corrugated boxes market is anticipated to expand at a CAGR of 7.2%.
The global Non-corrugated boxes market is expected to reach US$ 114.0 billion by the end of 2032.
During the forecast period, paper & paperboard material is likely to be the fastest-growing material segment in the global non-corrugated boxes market.
The non-corrugated boxes with better protection and durable feature is the major factor augmenting the sales of non-corrugated boxes.
DS Smith Plc, Georgia-Pacific Corporation, International Paper, Klabin SA, Graphic Packaging Holding Company, WestRock, Smurfit Kappa Group, Mondi group, and Stora Enso Oyj are the top players supplementing the sales of non-corrugated boxes.
As per the FMI analysis, the Indian non-corrugated boxes market is projected to expand at a CAGR of 7.6% from 2022 to 32.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Material 6.2. Thickness 6.3. End Users 7. Global Market Analysis and Forecast, By Material 7.1. Hinged lid Box 7.2. Telescopic Box 7.3. Shoulder Neck Box 7.4. Collapsible Box 7.5. Others (Rigid Sleeve Box, etc.) 8. Global Market Analysis and Forecast, By Thickness 8.1. Thickness up to 1.5 mm 8.2. Thickness between 1.5 mm to 2.5 mm 8.3. Thickness above 2.5 mm 9. Global Market Analysis and Forecast, By End Users 9.1. Food & Beverages 9.2. Fashion Accessories & Apparel 9.3. Cosmetic & Personal Health Care 9.4. Consumer Electronics 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. South Asia 10.5. East Asia 10.6. Middle East & Africa 10.7. Oceania 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Europe Sales Analysis and Forecast, by Key Segments and Countries 14. South Asia Sales Analysis and Forecast, by Key Segments and Countries 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries 16. Middle East & Africa Sales Analysis and Forecast, by Key Segments and Countries 17. Oceania Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by Material, Thickness, and End Users for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Caraustar Industries Inc. 20.2. DS Smith Plc 20.3. Georgia-Pacific Corporation 20.4. International Paper 20.5. Klabin SA 20.6. Clearwater Paper Corporation 20.7. Graphic Packaging Holding Company 20.8. WestRock 20.9. Smurfit Kappa Group 20.10. Emenac Packaging USA 20.11. Deluxe Packaging, Inc 20.12. Mondi group 20.13. Stora Enso 20.14. BioPak UK 20.15. Creative Corrupack
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