According to the latest report by IMARC Group, titled “India Corrugated Boxes Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The India corrugated boxes market size reached US$ 6.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.3 Billion by 2028, exhibiting a growth rate (CAGR) of 10.8% during 2023-2028.
India Corrugated Boxes Industry Definition and Application:
Corrugated boxes are disposable containers made from three layers of corrugated cardboard sheet. They are prepared using pine tree, corn starch, and glue, and can comprise single, double, and three layers of differently sized flutes to add stability and maximize cushioning and compression strength. They provide high structural rigidity and protection for shipping fragile and delicate items. They are designed to serve different shipping needs and used by manufacturers in the transportation of their products. In addition, they are widely employed in generating brand awareness. As corrugated boxes prevent bacterial infection, they are used in shipping food items and helping in keeping the food fresh for longer durations. At present, they are utilized in the transportation of food products and beverages, paper products, electrical and electronic components, personal care and household products, chemicals, glassware and ceramics, and textiles across India.
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India Corrugated Boxes Industry Trends and Drivers:
The ongoing economic development and the expansion of e-commerce industry represent one of the key factors catalyzing the demand for corrugated boxes in India. Moreover, the expanding applications of corrugated boxes for the shipment of textiles to guarantee safe, reliable, and damage-free delivery that maintains customer satisfaction is creating a positive market outlook. Apart from this, shipping of fragile items, such as electrical equipment and show pieces, need extra care. Corrugated boxes are usually supplemented with packaging material to minimize the stress placed on the components while handling the box.
Furthermore, they help in preventing shocks, which otherwise can lead to damage to a circuit and loosen connections. Additionally, the increasing adoption of corrugated boxes by pharmaceutical companies in the packaging of delicate and sensitive medical instruments and medications is strengthening the growth of the market in India. Moreover, the increasing utilization of advanced machinery, such as automatic folder gluer, drum winding, roller pressing, and automatic stacking and bundling machine, for folding boxes according to accurate load is fueling the growth of the market in the country. Apart from this, the shipping of automobile parts require careful preparation since they come in a wide variety of sizes, shapes, and weights. Corrugated boxes help in the packaging of heavy and sturdy materials used in vehicles which is bolstering the growth of the market in the country. Other factors, such as the easy availability of raw materials for production and favorable government schemes and programs designed to empower start-ups and micro small and medium enterprises (MSME) in India are driving the market.
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Material Used:
- Recycled Corrugates
- Virgin Corrugates
Breakup by End Use:
- Food Products and Beverages
- Paper Products
- Electrical and Electronic Goods
- Personal Care and Household Goods
- Chemicals
- Glassware and Ceramics
- Textile Goods
- Others
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Breakup by Region:
- North India
- West and Central India
- South India
- East India
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