High Impact Corrugated Boxes Market Size, Share and Trends 2024 to 2034

The global high impact corrugated boxes market size was USD 71.05 billion in 2023, calculated at USD 73.20 billion in 2024 and is expected to be worth around USD 98.56 billion by 2034. The market is slated to expand at 3.02% CAGR from 2024 to 2034.

  • Last Updated : September 2024
  • Report Code : 5006
  • Category : Packaging

High Impact Corrugated Boxes Market Size and Forecast 2024 to 2034

The global high impact corrugated boxes market size is worth around USD 73.2 billion in 2024 and is anticipated to reach around USD 98.56 billion by 2034, growing at a CAGR of 3.02% over the forecast period 2024 to 2034. The high impact corrugated boxes market is proliferating due to the increasing business of food and beverages, cosmetics, and several e-commerce companies that require high-impact corrugated boxes for packaging.

High Impact Corrugated Boxes Market Size 2024 to 2034

High Impact Corrugated Boxes Market Key Takeaways

  • Asia Pacific dominated the high impact corrugated boxes market in 2024.
  • North America is expected to grow at the fastest rate in the market during the forecast period.
  • Europe holds a notable share of the global market.
  • By product type, the slotted boxes dominated the market in 2023.
  • By board type, the single wall board segment is expected to grow at a significant rate in the market during the forecast period.
  • By end type, the food & beverage segment dominated the market in 2023.

High Impact Corrugated Boxes Market: Sturdy Packaging

The high impact corrugated boxes market plays a significant role in the packaging industry, and it is driven by its sturdiness, budget-friendly, and durable properties. Such sturdy boxes are manufactured to deliver heavy and fragile products such as electronic items, glass materials, automotive spare parts, and many others. These packaging are safe to transport, handle, and store due to its manufacturing process.

The rising trade worldwide and the demand for logistics are also driving this market rapidly. Such boxes can be customized according to requirements in shape, size, stiffness, and various other aspects, and this quality makes it preferable for a wider range of businesses. These boxes are both safe and eco-friendly, so they are preferred by many in the high impact corrugated boxes market.

McDonald’s Partnership on Manufacturing Eco-Friendly Corrugated Boxes

In September 2023, EDF and McDonald's collaborated with multiple companies to develop sustainable boxes. The collaborations intend to bring innovative ideas to develop economic and environment-friendly corrugated boxes. Maximum waste was generated during food preparation and mainly in supply systems. From there, McDonald's collaborated with EDF to analyze the solid waste production in the restaurant, supply, and distribution center.

As a result of the analysis, it eliminated over 300 million pounds of packaging, which comprises polystyrene clamshells, and started recycling corrugated boxes that helped to reduce approximately 30% of the waste generated in the restaurant. With the collaboration, multiple companies helped to bring innovative ideas that resulted in the reduction of huge waste generated by all sectors, such as distribution, production, and supply of the products. Multiple market players come up with ideas that are low in charge and biodegradable and add positive reviews from consumers.

How Can AI Improve the High Impact Corrugated Boxes Market?

Artificial intelligence can profoundly boost the high impact corrugated boxes market in multiple ways, such as manufacturing, market analytics, customized designs, and many other ways. AI analysis can be used for huge data sets, together with customers' preferences, market movements, and brand strategies, permitting designers to manufacture unique and appealing packaging corrugated boxes. Replications help imagine the appearance of the packaging boxes in diverse environments, saving resources and time while confirming it reverberates with the aimed customers. The influence of artificial intelligence spreads to engineering, where AI systems fortified with computer images rapidly notice errors in corrugated box materials, reducing unused and product memories.

Additionally, artificial intelligence enhances corrugated box packaging measures, capitalizes on material custom, and drops additional, resulting in budget savings and improved sustainability. Artificial intelligence transforms packaging logistics by increasing the weight capacity in shipping trucks, decreasing packaging substance supplies, and reducing the carbon footprint of every item. This supportable method lines up with the concept of a triple bottom line, which is economic, environmental, and social success. The integration of AI in the high impact corrugated boxes market impacts the growth of the market by manufacturing the kind of product that is in high demand by customers. Its analytics can help to understand the market demand and customize products according to customers.

Major Driving Factors for High Impact Corrugated Boxes Market

  • The rising number of e-commerce business significantly influence the packaging market.
  • The quality of protection it provides to goods at the time of delivery ensures the safety of products.
  • Technological development has driven the high impact corrugated boxes market.
  • The growing demand for sustainable product packaging and recyclable materials influences huge customers.
  • The option of branding and customized boxes available with multiple shapes, sizes, and prints which enhance the possibility for brands to showcase and drive the market.
  • Expansion of trade across the world with durable packaging has raised the demand for such boxes as the delivery services also increased.

Market Scope

Report Coverage Details
Market Size by 2034 USD 98.56 Billion
Market Size in 2024 USD 73.2 Billion
Market Growth Rate from 2024 to 2034 CAGR of 3.02%
Largest Market Asia Pacific
Base Year 2024
Forecast Period 2024 to 2034
Segments Covered Product Type, Board Type, End-Use, and Regions
Regions Covered North America, Europe, Asia-Pacific, Latin America and Middle East & Africa

Market Dynamics

Driver

Expansion of e-commerce business worldwide

The rising trend for online shopping raises the demand for corrugated boxes for the shipping of products. A faster delivery system has the risk of damaging products. For such cases, a durable box found in corrugated boxes for the safe transit of products is essential. With the growth in the e-commerce sector, the requirement for the growth of reliable packaging material has also been raised. Sustainable packaging boxes include the strategy of packaging goods and procedures that decrease the risk of unsafe shipping and reduce the usage of undesirable products by using eco-friendly materials. Various high impact corrugated boxes market players manufacture boxes according to customers' requirements.

Companies Name Years in the Industry
Shree Parshwanath Packaging Since 2014
JoPack Private Limited Since 2019
Box Makers India Since 2007
Marudhar Packaging Since 2000
A-One Packaging Since 2009
T-Prints Fab Since 1995
Scan Line Prints Pvt Ltd Since 1998
Lathikasri Packaging Since 2008
Print Branch Since 1984
Ramya Reprographic Since 1994


Restrain

Growing competition and expensive raw material charges

The main challenges and restraints in the high impact corrugated boxes market comprise explosive raw material charges, severe environmental guidelines, and growing competition from the other sectors. The unstable raw substance charges are a main task for the producers as they have to continuously regulate their charges to persist competitively. The strict environmental guidelines are a task as they hinder the making and use of specific materials and chemicals. The growing struggle from the unknown segment is a task as they deliver lower charges and advanced quality products. Decreasing interest among people in spending huge amounts on packaging boxes declines the market demand.

Opportunity

Rising safety delivery concerns of the e-commerce business

The high impact corrugated boxes market experienced major growth due to various significant opportunities. The main reason for the growth of the market is the rising retail business that enhances the demand for protective and durable packaging boxes due to the safety of the products. The increasing trend for online shopping is expanding the opportunities for manufacturing superior-quality boxes to fulfill the requirements of the market. Manufacturing sustainable, recyclable, and bio-degradable corrugated boxes also expands the scope of the market players.

The shifting of people to using eco-friendly products leads to manufacturing such as corrugated box packaging. Enhanced quality boxes result in highly satisfied reviews from the customers side, leading the market players to manufacture such products with more advancement. The incorporation of NFC technologies and IoT helps to track real-time reviews and improves interaction with customers, making the packaging sector informative.

  • In February 2024, SPAR Hungary announced the launch of eco-friendly reusable fruit and vegetable transporting boxes. This is done to minimize waste production and improve product recycling.

Product Type Insights

The slotted boxes dominated the high impact corrugated boxes market in 2023. Slotted boxes are considered the most common style of boxes used in the packaging and delivery sector. These are highly effective designs and suitable in most of the product delivery, so the demand is high, and the scope to expand in this market is also high.

The slotted boxes have same-length flaps, and two flaps on the outer side are half the width to close the box properly. Slotted boxes have a simple design with easy closing and opening flaps that boost their demand in the packaging market. These are useful for various applications such as storage, shipping, and many others due to their simple design and transfer of products safely without any risk of damage. The rising demand is also due to the availability of multiple sizes and less weight, which is the major requirement in most packaging and delivery companies. Such boxes can be easily assembled and efficiently in multiple ways, such as shipping charges, less storage, and space application.

Board Type Insights

The single wall board segment is expected to grow at a significant rate in the high impact corrugated boxes market during the forecast period. These kinds of corrugated boxes are available in a single layer of corrugated medium inserted between two liners. This pattern provides a balance between both flexibility and strength. The property of such a single-face board is protected from damage by cushioning that gives assurance while packing and transporting delicate items.

It has effective impact resistance quality, which reduces the risk of transportation of substances such as electronic items, pharmaceutical products, glass items, and many other things. Compared with two or three-layered wall corrugated board, it requires fewer materials to manufacture, which makes it lighter in weight and less expensive. Due to fewer manufacturing charges, it becomes suitable for market players who require good quality, reliable packaging wraps at an affordable price. Moreover, its flexibility to several customized options and sizes makes it preferable for a variety of businesses that require such packaging options that can help promote their brand as well as protect products.

End-use Insights

The food & beverage segment dominated the high impact corrugated boxes market in 2023. This industry needs high-quality, strong packaging boxes for the proper and safe delivery of expensive and delicate items. Continuous advancements in technology and the rising demand for electrical items worldwide are raising the trend of these packaging products. Due to customization options and the demand for electronic products in the e-commerce industry, the requirement for packaging boxes is high in this market.

Regional Insights

Asia Pacific dominated the high impact corrugated boxes market in 2024. The growing trend for online shopping in countries like India, China, Japan, and South Korea from various e-commerce sites has led to the increasing demand for corrugated boxes in the region. E-commerce businesses use a large number of packaging boxes. The growth in e-commerce is driven by people choosing online shopping over offline due to time constraints. Many more are directly linked to the growth of the Asia Pacific market.

North America is expected to grow at the fastest rate in the high impact corrugated boxes market during the forecast period. Growing demand for online ordering systems in this market is gradually increasing due to factors such as rising economic conditions, urbanization, population, start-up businesses, and many others. The demand for these corrugated boxes is increasing in the region as they are cost-effective and provide high-quality protection for any kind of delicate substance, which makes them suitable for shipping.

The major market players available in North America are focused on manufacturing innovative and best-quality boxes with sustainability and flexibility, which can be used by a wide range of customers. In countries such as the U.S. and Canada, the major market players Deluxe Packaging, Inc., Associated Bag Milwaukee, Volk Packaging Corporation Biddeford, Opus Packaging Caledonia, and many others coming up with new ideas to develop ecofriendly and recyclable boxes without compromising the quality of it.

  • In June 2023, Pratt Industries opened its new space for manufacturing boxes in Cedar Hill, Texas. They invested USD 253 million in manufacturing 100% recycled corrugated boxes, and it is considered to be the largest and most technologically advanced in the United States.
  • In November 2023, Fresh Del Monte Produce Inc. announced its strategic collaboration with Arena Packaging. This partnership is to develop reusable plastic containers (RPCs) for bananas.
  • In March 2024, INDEVCO, which is a leading innovative company in the field of box packaging, announced the launch of its new website for products.
  • In September 2023, Coca-Cola announced the launch of secondary packaging for 1.5-litre multipacks and a switch from plastic packaging to box packaging.

Europe holds a notable share of the global high impact corrugated boxes market. Sustainable packaging is drawing huge attention from people across the world as awareness of the environment is growing. Business owners, as well as customers, are seeking eco-friendly products, so there is a huge demand for such boxes. Biodegradable and recyclable corrugated boxes are in high demand for sustainable packaging. Some of the major guidelines associated with packaging in this region maximize the production of sustainable corrugated box packaging.

There are several European players, such as Ramya Reprographic Pvt. Ltd, TGI Packaging Pvt. Ltd., Canpac Trends Pvt. Ltd., Shanthi Packaging, Vihaa Print and Pack Pvt. Ltd, Aaradhya Enterprise, Hariwansh Packaging Pvt. Ltd., and many others are progressively working on the corrugated boxes market manufacturing.

  • In February 2024, Kite Packaging announced the launch of a Corrugated fan fold, which is a long cardboard sheet scored and folded at regular intervals.
  • In April 2024, Flora announced the launch of the world’s first plastic-free paper tub for the first time in the UK. All their customers can now buy all the products in plastic-free, recyclable tubs.

High Impact Corrugated Boxes Market Companies

  • International Paper Company
  • WestRock Company
  • Smurfit Kappa Group
  • Mondi Group
  • DS Smith
  • Georgia-Pacific LLC
  • Oji Holdings Corporation
  • Packaging Corporation of America (PCA)
  • Rengo Co., Ltd.

Recent Developments

  • In March 2024, SEE announced its development of a new paper-based bottom web to support food processors and retailers. This step is to decrease the usage of plastic and fulfill customers' demand for paper packaging.
  • In February 2024, Cannon announced the launch of its GP Series which are large-format inkjet printers that are available with cardboard packaging in place of Styrofoam to promote eco-friendly products.
  • In January 2024, Yonex Co., Ltd. announced the launch of new tags, eco-friendly shoe boxes, and instruction manuals for each product. These shoe boxes are manufactured with 100% recycled materials and decrease their material weight by 20%. This company is continuously working on dropping CO2 emissions.
  • In November 2023, Yara announced the launch of packaging which are made with at least 30% recyclable plastic in the entire Europe during 2023.
  • In August 2023, the Indian Paper Corrugated and Packaging Machinery Manufacturer Association (ICPMA) announced its collaboration with Futurex Trade Fair & Events. These two combinedly announced the event Corru Pack Print India 2024 in Dwarka, Delhi, India.

High Impact Corrugated Boxes Market Companies

By Product Type

  • Slotted Box
  • Folder Box
  • Telescope Box
  • Die Cut Box

By Board Type

  • Single Face Board
  • Single Wall Board
  • Double Wall Board
  • Triple Wall Board

By End-Use

  • Food & Beverage
  • Electrical & Electronics
  • Homecare
  • Automotive & Allied Industries
  • Healthcare
  • Personal Care & Cosmetics
  • Other Industries

By Geography

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East & Africa

Frequently Asked Questions

The global high impact corrugated boxes market size is expected to increase USD 98.56 billion by 2034 from USD 71.05 billion in 2023.

The high impact corrugated boxes market is anticipated to grow at a CAGR of over 3.02% between 2024 and 2034.

The major players operating in the high impact corrugated boxes market are International Paper Company, WestRock Company, Smurfit Kappa Group, Mondi Group, DS Smith, Georgia-Pacific LLC, Oji Holdings Corporation, Packaging Corporation of America (PCA), Rengo Co., Ltd., and Others.

The driving factors of the high impact corrugated boxes market are the expansion of e-commerce business worldwide and growing demand for sustainable product packaging.

North America region will lead the global high impact corrugated boxes market during the forecast period 2024 to 2034.

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