Corrugated bin box sales rose positively between 2018 and 2022, with a noteworthy average yearly growth rate of 2.8%. The global market reached a remarkable valuation of US$ 24,191.1 million in 2022, continuing its slow but steady development trend. The market is also anticipated to reach a projected value of US$ 25,231.2 million by 2023 end.

Over the next ten years, the demand for corrugated bin boxes worldwide is forecasted to rise at a 4.3% yearly growth rate. Furthermore, by following this opportunistic growth rate, the overall market size is projected to reach a valuation of US$ 38,439.8 million by 2033.

Corrugated bin boxes are providing an environmentally friendly option as preferences for greener packaging solutions are rising worldwide. Increased demand for robust packaging solutions due to the booming e-commerce sector is also a notable factor driving the market growth.

Besides offering an affordable solution for packaging demands in many sectors, customization options over corrugated bin boxes are encouraging its adoption in emerging businesses. As numerous businesses are personalized corrugated bin boxes to represent their corporate identities.

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Key Takeaways from the Global Corrugated Bin Boxes Market Study Report by FMI

  • The demand for corrugated bin boxes in the United States has remained promising and is also expected to retain its dominance during the forecast years. The United States-based market players have ample options to innovate, tailor their products, and meet consumer and corporate demand for efficient packaging.
  • European countries are aggressively shifting their economy to support the global trends that represent a promising future for corrugated bin box manufacturers. Germany is expected to lead the European market with higher demand for corrugated bin boxes, followed by the United Kingdom.
  • With the convergence of sustainability consciousness, low-cost packaging options, and the e-commerce boom, the Asia Pacific market for corrugated bin boxes is expanding remarkably. China and India are the two notable countries in this region with a higher potential for the adoption of corrugated bin boxes.

Competitive Landscape for the Corrugated Bin Boxes Market Players

Ameripak, MK Packaging, International Plastics, Saxon, Gabriel, Packbox, Mondi, Smurfit Kappa, Georgia-Pacific, DS Smith, and VPK Packaging are some top players in this market. To demonstrate to clients that they are committed to sustainable practices, top players follow packaging standards and actively receive the necessary certifications.

New players can enter this stiff market competition by providing novel materials, designs, and packaging options that support sustainability objectives. By offering reliable and targeted corrugated bin boxes, start-ups can also meet the unique packaging needs of the burgeoning e-commerce industry.

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Recent Developments by the Corrugated Bin Boxes Manufacturing Industries

WestRock reported in January 2023 that it had acquired the renowned corrugated bin box producer Acme Corrugated Box Company. WestRock aims to get a higher market share in the global marketplace, broaden its product line, and attract new clients after this acquisition.

In October 2022, Green Seal declared the beginning of a new certification program for corrugated bin boxes produced for the global market. It is expected to ensure that certain environmental criteria are met according to Green Seal’s new certification scheme to support environmental protection.

Key Segmentations

By Material Type:

  •   Virgin
  •   Recycled

By Board type:

  •   Single Face Board
  •   Single Wall Board
  •   Double Wall Board
  •   Triple Wall Board

By Grade type:

  •   Liner
  •   Fluting Medium

By Product Type:

  •   Slotted Box
  •   Folder Box
  •   Telescope Box
  •   Die-Cut Box

By End Use:

  •   Food
  •   Beverages
  •   Electricals & Electronics
  •   Healthcare
  •   Textiles & Apparels
  •   E-commerce
  •   Building & Construction
  •   Personal Care & Cosmetics
  •   Chemical & Fertilizers
  •   Others

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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