India Corrugated Boxes Market Report by Material Used (Recycled Corrugates, Virgin Corrugates), End Use (Food Products and Beverages, Paper Products, Electrical and Electronic Goods, Personal Care and Household Goods, Chemicals, Glassware and Ceramics, Textile Goods, and Others), and Region 2024-2032
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.
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Report Attribute
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Key Statistics
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 7.1 Billion |
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Market Forecast in 2032
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US$ 16.9 Billion |
| Market Growth Rate (2024-2032) | 10.1% |
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:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Segment Coverage | Material Used, End Use, Region |
| Region Covered | North India, West and Central India, South India, East India |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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.
Key Questions Answered in This Report
The India corrugated boxes market was valued at US$ 7.1 Billion in 2023.
We expect the India corrugated boxes market to exhibit a CAGR of 10.1% during 2024-2032.
The emerging trend of customized packaging, along with the widespread adoption of corrugated boxes in numerous industries, such as Food and Beverage (F&B), personal care, pharmaceuticals, etc., as they are recyclable and eco-friendly, is primarily driving the India corrugated boxes market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar channels towards e-commerce platforms for the purchase of goods, thereby augmenting the demand for corrugated boxes, as they provide optimal safety from mechanical stress.
Based on the material used, the India corrugated boxes market has been segmented into recycled corrugates and virgin corrugates. Currently, recycled corrugates exhibit a clear dominance in the market.
Based on the end use, the India corrugated boxes market can be categorized into food products and beverages, paper products, electrical and electronic goods, personal care and household goods, chemicals, glassware and ceramics, textile goods, and others. Among these, the food products and beverage industry accounts for the largest market share.
On a regional level, the market has been classified into North India, West and Central India, South India, and East India, where West and Central India currently dominates the India corrugated boxes market.
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