The global corrugated boxes market generated a revenue of $180.9 billion in 2019, and it is predicted to advance at a CAGR of 4.3% from 2020 to 2030. Furthermore, the market will reach a value of $284.6 billion by 2030, as per the forecast of the market research firm, P&S Intelligence. The market is being driven by the growing requirement for convenient and lightweight packaging solutions and the thriving offline retail and e-commerce industries across the world.

As per the Interpack Emerging Market Outlook, the revenue of the global packaging industry was $839 billion in 2015. The soaring demand for manufactured products such as smartphones, edible goods like candies, and television sets is fueling the requirement for corrugated packaging, due to its excellent structural strength and crush resistance. This is subsequently driving the advancement of the corrugated boxes market, as corrugated boxes are highly recommended for shipping fragile and heavy consumer goods.

Additionally, the growing popularity of online shopping and on-demand delivery services is also propelling the market expansion around the world. Besides, the booming e-retail sector is also fueling the growth of the corrugated boxes market. In 2019, the e-commerce industry value stood at around $3.5 trillion, with India and China becoming the fastest-growing online retail markets in the world. This is credited to the high internet and smartphone penetration, delivery of delivery ecosystems, and aggressive discount-driven sales of e-commerce companies.

Depending on board style, the corrugated boxes market is categorized into single-wall, single-face, double-wall, and triple-wall. Amongst these, the single-wall category dominated the market in the years gone by, and this trend is predicted to continue in the coming years as well. This is attributed to the high compatibility of these boards with C flute, which is widely considered to be a medium-sized flute, E flute, which is a micro-flute, and the B flute, which is considered a fine flute.

Hence, it can be said with surety that the market will register huge expansion in the forthcoming years, primarily because of the expansion of the e-commerce industry, on account of the growing popularity of online shopping, and the boom in the packaging industry across the world.