According to research by Future Market Insights, the global non-corrugated boxes market is expected to experience significant growth over the projected period. The market is estimated to be valued at US$ 56.9 billion in 2022 and is projected to reach US$ 114.0 billion by 2032, growing at a CAGR of 7.2%. The top 5 companies in the market are anticipated to hold a market share of approximately 10-15% by the end of 2022.
The segment with thickness between 1.5mm to 2.5mm is expected to account for around 44% of the market value share by the end of 2022. The increasing preference for standard boxes with ideal thickness is projected to drive the sales of non-corrugated boxes within this thickness range.
The demand for non-corrugated boxes has been positively impacted by various end-users, leading to the projected growth of the market. Factors such as the changing dynamics of the food service industry amid the pandemic have contributed to the increased demand for non-corrugated boxes. The market is expected to grow 2.0 times its current value during the forecast period.
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The non-corrugated boxes, also known as paperboard boxes, are single-layer paper boxes used for packaging. These boxes offer creativity and attractiveness to consumers. Suppliers prefer non-corrugated boxes, especially for lighter products or those with minimal damage risks, as they are easy to ship and store in warehouses.
The growing food and beverage industry, as well as changes in eating habits and lifestyles, are driving the demand for non-corrugated boxes. The increased consumption of packed food presents growth opportunities for the non-corrugated boxes market. Overall, the global market is expected to grow at a faster pace during the forecast period.
Key Takeaways:
- The global non-corrugated boxes market is projected to reach US$ 114.0 billion by 2032, growing at a CAGR of 7.2%.
- The thickness range of 1.5mm to 2.5mm is expected to hold a significant market value share by the end of 2022.
- The demand for non-corrugated boxes has been driven by factors such as changes in the food service industry and increasing consumption of packed food.
- Non-corrugated boxes offer attractiveness, ease of shipping, and storage advantages, making them preferred for lighter or low-risk products
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Competitive Landscape
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:
- In July 2022, Georgia-Pacific Corporation invested US$ 34 million Bradford plant. By investing such a huge amount, the company is upgrading the corrugated manufacturing plant. This investment will help the company to add technological advancements to its plant.
- In May 2022, International Paper Company invested US$ 21 million in its France-based plant. The Mortagne and Chalon plants will get benefit from this investment. The packaging giant is aiming to expand its manufacturing capacities through this investment.
Key Players:
- Caraustar Industries Inc.
- DS Smith Plc
- Georgia-Pacific Corporation
- International Paper
- Klabin SA
- Clearwater Paper Corporation
- Graphic Packaging Holding Company
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Non-corrugated Boxes Market by Category
By Material, Non-corrugated Boxes Market is Segmented as:
- Hinged lid Box
- Telescopic Box
- Shoulder Neck Box
- Collapsible Box
- Others (Rigid Sleeve Box, etc.)
By Thickness, Non-corrugated Boxes Market is Segmented as:
- Thickness up to 1.5 mm
- Thickness between 1.5mm to 2.5mm
- Thickness above 2.5mm
By End Users, Non-corrugated Boxes Market is Segmented as:
- Food & Beverages
- Fashion Accessories & Apparel
- Cosmetic & Personal Health Care
- Consumer Electronics
By Region, Non-corrugated Boxes Market is Segmented as:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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