According to the latest report by IMARC Group, titled, “India Corrugated Boxes Market Share: Industry Trends, 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.
Corrugated boxes represent the packaging solutions that are generally used for transporting goods. They are composed of multi-layered paperboard sheets manufactured by using cellulose fibers obtained from wood. These sheets aid in trapping air between them which acts as a cushion for protecting the contents of the boxes. They offer numerous beneficial properties, such as lightweight, strength, flexibility, high durability, aesthetic value, etc. In addition to this, corrugated box are recyclable and eco-friendly as no harmful chemicals are used in their production. Consequently, they find extensive applications in several sectors, including food and beverage (F&B), personal care, pharmaceutical, etc.
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India Corrugated Boxes Market Trends:
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The expanding e-commerce industry is primarily driving the India corrugated boxes market. Additionally, the widespread adoption of fast-moving consumer goods (FMCG), such as toiletries, beverages, drugs, household items, etc., is further catalyzing market growth. Besides this, the growing consumer inclination towards lightweight and innovative packaging materials has led the leading manufacturers to design corrugated boxes in varying sizes and shapes, which is acting as another significant growth-inducing factor. Furthermore, the increasing use of these boxes as an efficient marketing approach for retail-ready packaging (RPR) and shelf-ready packaging (SRP) is driving product demand in this country. Apart from this, the rising investments in R&D activities to improve the sustainable properties, chemical resistance, dimension stability, and weatherability of the variants are anticipated to fuel the India corrugated boxes market over the forecasted period.
India Corrugated Boxes Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The report has segmented the market on the basis on material used and end use.
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
Breakup by Region:
North India
West and Central India
South India
East India
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=5621&flag=C
Key highlights of the report:
Market Performance (2017-2022)
Market Outlook (2023- 2028)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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