Round Corrugated Box Market

Round Corrugated Box Market By Material Type (Virgin Fibre, Recycled Fibre), By Packaging Form (Primary, Secondary Packaging), By Board Type (Single, Double, Tripe Wall), By End Use (Food, Beverages, Healthcare) & By Region - Global Market Insights 2022-2032

Analysis of Round Corrugated Box Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Round Corrugated Box Market Outlook (2022-2032)

In the digital age, people are seamlessly relying on E-cards or messages to greet each other. But when it comes to gifts there is no better alternative to wrappers and corrugated boxes. The most appealing reason that triggers demand for round corrugated boxes is the demand for eco-friendly product packaging solutions. The beautifully packed gifts increase the appeal and successfully bring joy to the person when the gifts are revealed. Also, the reusability of these boxes is increasing demand from end users.

Corrugated box has been gaining increasing demand as a packing material of choice, as it is cost-effective and provides sustainable packaging solutions. These boxes provide a stable cushion for a range of products, keeping the items safe for transportation, shipping, and handling. The demand for round corrugated packaging is likely to grow in tandem with the growth in the number of e-commerce sites. Further, the rising scope of application in the packaging of gifts, cosmetics, food, garments, and healthcare products will possibly be one of the key factors influencing the development of the corrugated box market.

The round corrugated box market is likely to grow with a CAGR of 4.4% in the forecast period. The industry is expected to surpass the valuation of USD108.46 Billion by end of 2032. The market at present is valued at USD 70.51 Billion in 2022.

Report Attributes

Details

Market size (2022 A)

USD 70.51 Billion

Base Year for Estimation

2022

Forecast duration for this research

2022-2032

Forecasted Market value (2032 F)

USD108.46 Billion

Global Market Growth rate (2022-2032 E)

CAGR of 4.4%

Key Companies Profiled

  • International Paper
  • DS Smith Plc
  • WestRock Company
  • Pratt Industries, Inc.
  • Huhtamaki Oyj
  • KapStone Paper and Packaging Corporation
  • Stora Enso Oyj
  • Smurfit Kappa Group plc
  • Sonoco Products Company
  • Georgia Pacific LLC

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What incentivises demand for round corrugated boxes?

The attention to sustainable packaging solutions across the globe is an ever-increasing demand for corrugated boxes. Recycling and reuse are encouraged by the companies and governments set to propel the demand for such packaging products. The cost-effectiveness and suitability of these boxes have an effect on rising sales. These boxes are widely utilized in the packaging of cosmetics, gifts, and accessories.

The rising e-commerce and customer-centric businesses have propelled the demand for customization. People while paying a high cost for lavish products expect leverage of free shipping and attractive gift packaging which incentivises demand for corrugated boxes. These boxes are biodegradable and encourage eco-friendly gifting trends that are likely to motivate their usage by companies and end consumers in the forecast years. These 100% recyclable boxes make part of environmentally friendly solutions that eliminate the use of plastic boxes or wrappers and are also considered plastic protective packaging.

What are noteworthy trends in this industry?

One of the top trends in the packaging sector is eco-friendly solutions. The business becoming conscious of its carbon footprint which is likely to shape the future of the planet. The sustainable practices by these manufacturers ensure packaging remains sourced in an environmentally friendly manner.

One of the key trends observed in the market is the flexibility of these boxes to protect multiple products. Moreover, round corrugated boxes are multipurpose, which makes them suitable for retail-ready packaging, transport, consumer, and display packaging and ensures reduction in transit damage as the main product is well fixed during transit. Matte lamination (glossy lamination and varnish) on round corrugated boxes is also one of the factors expected to fuel the market during the forecast period.

There is an alarming shift to e-commerce owing to the rise in smartphone users. The online retail market plays an important role in driving the market for round corrugated boxes. Due to the convenience they provide to the customers, the e-commerce market, which includes online shopping, is progressively gaining preference. Online retailers are adopting various types of corrugated boxes, including round corrugated boxes and containers that provide suitable protection to the products, as they are effective packaging solutions.

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What are the restraints faced by this market?

In spite of the positive outlook for growth, there are certain factors that are expected to hamper the growth of the global market during the forecast period. Awareness about the advantages of corrugated packages needs to be spread to boost the demand for these products. The raw material prices and uncertainty are factors that may impose challenges ahead of manufacturers.

The fluctuations and widened supply-production gap during the Covid-19 pandemic are expected to take time to recover. The manufacturers may think of zero-contact delivery options in order to keep operating. There is also a rising preference for pouches due to more ease of use. This trend may affect sales of corrugated boxes.

Segment wise Insights

“Recycled fiber in demand for a sustainable packaging solution”

Recycled fiber is dominant in the manufacturing of these boxes owing to concern for sustainability. the corrugated packaging alliance (CPA) has announced the advancement in papermaking at the same time while attaining fiber recycling to manufacture new corrugated boxes.

There is also an observation recording that the amount of recycled content is as high as more than 80% in the manufacturing of corrugated boxes. These boxes can be made from fully virgin fiber or 100% recycled fiber or blends of both. However, recycled fiber is anticipated to see growth in upcoming years as there is a need for consistent sustainability in supply chains focused on by many market players.

On the basis of the end-use industry the food and beverage segment reigns in terms of volume and value. The industry is dependent on effective packaging solutions to keep food fresh and non-perishable for the desired period. Moreover, cosmetic and personal care products are the second dominant in the use of these boxes for their safety features and alluring appearance. The gift packaging dominantly relies on these packaging options and likely to remain the same in the forecast period.

Competitive landscape

The market for manufacturing of corrugated boxes is flooded with market players as there are many companies operating on local and international scales. With consumers demanding increased product sustainability, protection, and efficient labeling & branding, as well as rising competition, effective packaging has become one of the key necessities for businesses in the e-commerce sector.

Local and small vendors are operating with e-commerce platforms to reach out to consumers on a large scale. This, combined with excellent shipping services by e-commerce vendors, is expected to drive the need for efficient packaging, which is anticipated to boost the demand for round corrugated boxes.

Companies focusing on product designs and sustainability are likely to remain the mainstay for a longer time. Consistent product innovation aided by the research on material types and shapes that offer protection to products is the key criterion by which companies try to retain their customer base and market advantage in the forecast period.

Round Corrugated Box Market Segmentation :

  • By Material Type :

    • Virgin Fibre
    • Recycled Fibre
  • By End-user Industry :

    • Food
    • Beverages
    • Healthcare
    • Electronic & Consumer Durables
    • Chemical & Fertilizers
    • Tobacco
    • E-Commerce
    • Personal Care & Cosmetics
    • Homecare & Toiletries
    • Others (Automotive Parts, Machinery Components, etc.)
  • By Packaging Form :

    • Primary Packaging
    • Secondary Packaging
  • By Board Type :

    • Single Wall
    • Double Wall
    • Tripe Wall
  • By Geographical Region :

    • North America
    • Latin America
    • Europe
    • Japan
    • Asia Pacific excluding Japan (APEJ)
    • Middle East & Africa (MEA)

- FAQs -

What are the key drivers of round corrugated packaging boxes?

Round corrugated box has been gaining increasing demand as a packing material of choice, as it is cost-effective and provides sustainable packaging solutions.

Which segment has the largest share in this market?

The food and Beverages segment has the largest share in the Round Corrugated Box.

What is the current market size?

The market at present is valued at USD 70.51 Billion in 2022.

What is the anticipated market size?

The industry is expected to surpass the valuation of USD108.46 Billion by end of 2032.

What is the rate of growth this market is projected to grow with?

The round corrugated box market is likely to grow with a CAGR of 4.4% in the forecast period.

Who are the key players in this industry?

The major companies in this field are- • International Paper • DS Smith Plc • WestRock Company • Pratt Industries, Inc. • Huhtamaki Oyj • KapStone Paper and Packaging Corporation • Stora Enso Oyj • Smurfit Kappa Group plc • Sonoco Products Compa

Round Corrugated Box Market

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