India Corrugated Boxes Market

Market Overview:

The India corrugated boxes market size reached US$ 7.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 16.9 Billion by 2032, exhibiting a growth rate (CAGR) of 10.1% during 2024-2032. The growing usage in the food and beverage (F&B) industry for improving safety, thriving e-commerce industry, and favorable government initiatives represent some of the key factors driving the market.

Corrugated boxes are disposable containers manufactured with different layers and widely available in different sizes, colors, designs, text, and graphics. They are lightweight, highly durable, safe, secure, and resistant to shock, moisture, and sudden temperature changes. They are cost-effective, eco-friendly, recyclable, and increase customer satisfaction. They provide more cushion or support for weighted materials to enhance protection as compared to cardboard boxes. They are also versatile and biodegradable and do not harm the environment or produce emissions. Besides this, they assist in offering insulation and have high-quality printing capabilities that increase the brand awareness of a business. As a result, they are widely employed in the food and beverage (F&B), textile, electronics, healthcare, automotive, pharmaceutical, and military industries across India.

India Corrugated Boxes Market Trends:

Presently, the rising demand for corrugated boxes in the food and beverage (F&B) industry, as they offer improved safety, resistance to bacterial infection, and keep the food fresh for a long period of time, represents one of the key factors driving the market in India. In addition, the growing demand for corrugated boxes due to the rising preference of consumers toward online shopping is positively influencing the market in the country. Besides this, the increasing consumer preferences for lightweight and innovative packaging materials is contributing to the growth of the market in India. Additionally, the rising demand for corrugated boxes due to the restrictions of utilizing wooden packaging in exports is impelling the growth of the market. Apart from this, the increasing demand for corrugated boxes, as they efficiently deliver products without any damage or deterioration in a sustainable manner, is offering lucrative growth opportunities to industry investors. In line with this, the rising awareness among consumers about the harmful impact of using non-biodegradable packaging materials is strengthening the growth of the market. Moreover, the Government of India is encouraging the adoption of corrugated boxes and focusing on recycling and waste reduction, which is offering a positive market outlook. Furthermore, key players are introducing graphic designed customized corrugated boxes to increase product sales and offer greater flexibility to consumers. These innovations are projected to fuel the marker growth in India.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India corrugated boxes market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on material used and end use.

Material Used Insights:

• Recycled Corrugates
• Virgin Corrugates
   

The report has provided a detailed breakup and analysis of the India corrugated boxes market based on the material used. This includes recycled corrugates and virgin corrugates. According to the report, recycled corrugates represented the largest segment.

End Use Insights:

• Food Products and Beverages
• Paper Products
• Electrical and Electronic Goods
• Personal Care and Household Goods
• Chemicals
• Glassware and Ceramics
• Textile Goods
• Others
   

A detailed breakup and analysis of the India corrugated boxes market based on the end use has also been provided in the report. This includes food products and beverages, paper products, electrical and electronic goods, personal care and household goods, chemicals, glassware and ceramics, textile goods, and others. According to the report, food products and beverages accounted for the largest market share.

Regional Insights:

• North India
• West and Central India
• South India
• East India
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, West and Central India, South India, and East India. According to the report, West and Central India was the largest market for India corrugated boxes. Some of the factors driving the West and Central India corrugated boxes market included the growing awareness among individuals about using sustainable packaging materials, increasing demand for lightweight packaging, rising demand for corrugated boxes as they prevent product damage, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the India corrugated boxes market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Report Coverage:

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India corrugated boxes market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the India corrugated boxes market.
• The study maps the leading, as well as the fastest-growing, regional markets.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India corrugated boxes industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.