Press release

Growing Demand From E-Commerce Sector During Pandemic Has Shaped Recent Development Of Corrugated Boxes Market, Finds TMR

 

 
The global market for corrugated boxes is observing a tremendous growth in line with the development trends of the packaging and converting industries. Several factors, such as the rising demand for corrugated boxes from logistic applications and the fresh food and beverages, electronic goods, and the home and personal care goods industries, the increasing preference for sustainable packaging among consumers, and the remarkable progress of the e-commerce industry, are boosting this market substantially across the world.

According to TMR analysts, the global corrugated boxes is expected to display steady growth rising at a 3.6 %. CAGR during the forecast period which is 2017 to 2022. The market is anticipated to attain the valuation of US$ 115.15 bn by the end of the forecast period.

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The corrugated boxes market is set to observe steady growth during the forecast period of 2017-2022. Logistic applications are expected to boost the growth rate of the corrugated boxes market. This is because of the growing demand for essential products including food, pharmaceuticals, tissue and hygiene products, and other consumer products due to the COVID-19 pandemic.

The corrugated boxes sector is operational under the Centre for Disease Control and Prevention (CDC) and the Occupational Safety and Health Administration (OSHA) guidelines during the COVID-19 lockdown period. The operational plants are efficiently delivering packaging to consumers across various markets. Therefore, the growth of the corrugated boxes market remains unaffected. Manufacturers across various sectors are looking for sustainable packaging solutions. Hence, the demand for corrugated boxes is expected to increase to a great extent. Hence, this may prove beneficial for the growth of the corrugated boxes market.

The unique feature of corrugated boxes is that it offers many options to decrease the environmental impact while avoiding disruption in the supply chain. This promises efficient growth for the corrugated boxes market. In addition, manufacturers are working on designing packaging solutions that lead to the reduction of fiber use. This will add to the sustainability quotient and greatly benefit the corrugated boxes market. Broadly, the global market for corrugated boxes is assessed on four fronts: The source of the material, end user, packaging form, and the type of the board. Based on the source of the material, the market has been classified into virgin fiber and recycled fiber. Among the two, recycled fiber is more in demand and the trend is anticipated to remain so over the next few years.

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About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

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Transparency Market Research
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com


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