The packing boxes market is anticipated to have a steady CAGR of 5% through 2033. The packing boxes industry size is predicted to inflate from USD 141.44 billion in 2023 to USD 230.37 billion by 2033. Previously, the packing boxes industry expanded at a CAGR of 2.5% from 2018 to 2022, resulting in a market size of USD 134.7 billion in 2022.
The global packing boxes industry is predicted to rise at a stable rate over the forecast period, owing to the growing food and beverage industry. In the foreseeable future, the whole cardboard packaging sector is likely to be driven by a growth in online sales.
Packing boxes are made-to-order boxes that are commonly used for packaging items. Food and beverage manufacturing, household electrical appliance manufacturing, cigarette manufacturing, and medical instrument manufacturing are all key end-use businesses. All these businesses require packaging, and hence the adoption of packing boxes is prevalent in these sectors.
Marketers make clever use of cartons by adorning them with eye-catching artwork. Cardboards are excellent for printing and holding graphics. As a result, to target certain customer groups, businesses include their logo, company name, and other promotional information on their packaging.
Businesses benefit from low transportation costs, owing to little weight of packing boxes. The primary challenge to the demand for packing boxes is the rise of replacements. Also, buyers can choose from a wide range of containers, including those made of plastic, metal, and glass.
In the United States, there has been a significant increase in the use of tin packaging, resulting in a decrease in product applications and the adoption of packing boxes. As per the packing boxes market study, backward integration is used by conglomerates to undermine the power of suppliers and maintain continuous flow. Indian tobacco products, or ITC, is one example of a company that created its packaging facility.
Another issue that is dragging the global market down is non-durability. Cardboard containers are prone to deterioration. When compared to tough containers made of metal or plastic, they have a short product life. Container leaking is a concern for beverages.
Personal care and cosmetic items frequently employ packing boxes as secondary packaging. In addition, packing boxes are used for packaging small-quantity items ordered through e-commerce platforms as well as large shipments of personal care and cosmetics products. The demand for packing boxes is expected to rise as the personal care industry expands.
| Attribute | Details |
|---|---|
| Packing Boxes Market CAGR (2023 to 2033) | 5.0% |
| Packing Boxes Market Size (2023) | USD 141.44 billion |
| Packing Boxes Industry Size (2033) | USD 230.37 billion |
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The packing boxes industry is held back by stiff competition from flexible plastic packaging. Flexible plastic packaging offers a great benefit to manufacturers and retailers since it reduces package weight, which can result in low shipping and warehousing costs and the need for much less space. This is impacting the packing boxes industry negatively.
Flexible packaging saves 40% on overall packaging costs, resulting in a 50% reduction in landfill trash and a 62 percent reduction in greenhouse gas (GHG) emissions when compared to rigid packaging. As a result, incentives like portability, cost savings, sustainability, and health benefits are prompting product packaging producers and converters to switch from rigid to flexible materials.
The packing boxes industry is predicted to be driven by the rising trend of population mobility in emerging nations. Moving boxes differ from traditional corrugated boxes and folding cartons in size, shape, and design because, unlike corrugated boxes and folding cartons, they are intended for both storage and transportation of products.
Storage is the primary purpose of corrugated boxes and folding cartons. Packing boxes come in different sizes and designs to meet the specific packing requirements of consumers. Household and personal items such as televisions, computers, clothes, beds, and kitchen utensils, can be easily packed and relocated from one location to another.
The packing boxes market is likely to be driven by the increasing adoption of moving boxes in Latin America, Asia, and the Middle East. In addition, the worldwide packing boxes industry is predicted to be driven by a growing middle-class population and their rising disposable income levels.
The packing boxes industry is categorized based on container dimension and usage, with paperboard and corrugated cardboard also included. Paper boards are small boxes that are commonly used for food and beverage packaging. Confectionaries, cereals, and ready-to-drink fruit drink packaging all employ paper boards in the food and beverage business.
Cigarette packing and stationery are two examples of when paper boards are used. Electronic items and shipping container packing both use corrugated cardboard. Electronic items are the most common type of non-food packaging.
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In terms of both value and volume, the food and beverage segment dominated the global market. Fresh produce, processed food, and non-perishables are all important segments in the food and beverage industry. As per the market analysis, packaging is required in the food and beverage industry for product storage, handling, and transportation.
Packing boxes are required when carrying products with variable strengths, such as particularly fragile, perishable products and processed food products. Also, packing boxes are a good choice for packaging, transporting, and storing food for a long time because they are non-reactive.
Processed food packaging necessitates the use of safe packaging materials that are both suitable for the customer and guarantee product safety. As a result, the adoption of packing boxes is being used for packaging processed foods.
In the global packing boxes market, Asia Pacific had a high demand share. Because of the enormous concentration of the manufacturing sector, China was the leading country. Due to advancements in the electronic appliances industry, South Korea and Taiwan are likely to see an increase in regional demand for packing boxes.
North America came in second in the regional market demand due to the extraordinarily high demand for packing boxes in the United States. South America and Africa are predicted to expand slowly owing to the lack of expansion in the manufacturing sector.
Asia Pacific was also the world's leading packing boxes industry, with China accounting for over 30% of worldwide output. In addition, the United States supplied about 15% of global manufacturing.
Out-of-the-Box Market Developments
| Company Name | International Paper |
|---|---|
| Nature of Development | IP acquired corrugated packaging businesses in Spain. |
| Key Particulars About the Event | In March 2021, International Paper (IP), the United States paper giant, obtained two corrugated packaging businesses to further its operations in Spain. These acquisitions are expected to support the circular economy. |
| Company Name | DS Smith |
|---|---|
| Nature of Development | DS Smith creates 100% sustainable eCommerce packaging options for Blaue Helden. |
| Key Particulars About the Event | In July 2021, DS Smith created 100% biodegradable e-commerce packaging solutions for Blaue Helden. These solutions give eco-friendly cleaning tabs from the latter company a glamorous changeover in online retail. This product is made of 100% corrugated cardboard and is devoid of plastic filling material. |
| Company Name | Mondi |
|---|---|
| Nature of Development | Mondi expands its sustainable E-commerce portfolio with BCoolBox. |
| Key Particulars About the Event | Mondi added a new product, BCoolBox, to its sustainable e-commerce portfolio on February 1, 2021, which is going to carry fresh produce and cuisine. This product is a corrugated packaging solution with thermo-insulation that ensures food is chilled and stays below 7 degrees Celsius for a minimum of 24 hours without the use of an external cooling device. |
| Company Name | Smurfit Kappa Group LLC |
|---|---|
| Nature of Development | Smurfit Kappa Establishes eCommerce Corrugated Packaging Laboratory |
| Key Particulars About the Event |
Smurfit Kappa Group LLC announced the creation of a new e-commerce corrugated packaging laboratory in the United Kingdom on June 29, 2021, to test and implement new e-commerce solutions that are minimum ISTA certified. |
The packing boxes market is slated to attain USD 141.44 billion in 2023.
Packing boxes business is expected to reap profits as it is expanding at a CAGR of 5% through 2033.
The packing boxes market is expected to attain USD 230.37 billion by 2033.
Increasing online shopping and surging demand for protective packaging are fueling the market growth.
Digital printing technology and soaring demand for eCommerce-specific packaging solutions are positively impacting the market.
| Market CAGR (2023 to 2033) | 5.0% |
|---|---|
| Market Size (2023) | USD 141.44 billion |
| Market Size (2033) | USD 230.37 billion |
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