Expert Market Research Explores the Top 4 Companies in the Global Corrugated Boxes Market
International Paper Company, Nine Dragons Paper Holdings, WestRock Company, and Smurfit Kappa Group, among others are the major players in the global corrugated boxes market.
The global corrugated boxes market reached a value of about USD 233.6 billion in 2022. The industry is further expected to grow at a CAGR of about 5.0% in the forecast period of 2023-2028 to reach a value of around USD 305.9 billion by 2028. As per the analysis by Expert Market Research, the market is expected to be driven by the trend of online shopping.
Manufacturers are designing corrugated boxes in many shapes and sizes to make the packaging unique and appealing. It has prompted e-commerce giants like Flipkart and Amazon to make extensive use of them for storage and shipment. These boxes can print photorealistic images, which aids in effective marketing and promotion of products among consumers. Consequently, they are frequently used in shelf-ready packaging (SRP) and retail-ready packaging (RRP). These developments are expected to help the industry grow. Increased R&D activities to upgrade and improve the chemical resistance, dimension stability, and other properties of corrugated boxes are diversifying its applications. Glassware and ceramics, food and beverages, chemicals, paper, textiles, electronics, personal care, and household products all use the product. In the coming years, increased demand for the product in end-use industries is likely to propel market growth.
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Recycled corrugates are expected to have the most significant market share in 2020. Their widespread use in the packaging of lightweight products such as consumer electronics, cosmetics, and fast-food items can be credited for the segment's growth. The food and beverage industry has the largest market share based on end-use. It has several advantages, including lightweight, structural rigidity, and a cushioning effect. The Asia Pacific region is expected to be the world's leading market, accounting for most of the global market share.
Top 4 Corrugated Boxes Companies in the World:
International Paper Company
Headquarters: Memphis, Tennessee Establishment: 1898 Website: https://www.internationalpaper.com/
International Paper is a leading global manufacturer of renewable fibre-based packaging, pulp and paper products with manufacturing operations in Europe, North America, Latin America, North Africa, and Russia. The company produces corrugated packaging products that promote and protect goods and enable worldwide commerce; pulp for diapers, and other personal hygiene products that promote health and wellness; papers that facilitate communication and education. The company employs more than 50,000 employees in about 150 countries.
Nine Dragons Paper Holdings
Headquarters: Hong Kong, China Establishment: 1995 Website: https://us.ndpaper.com/
Nine Dragons Paper Holdings Limited is a paper manufacturing company in Mainland China, engaging in the manufacturing of containerboard products, including duplex board, liner board, and pulp. The company is the largest paperboard producer in Asia and one of the largest in the world in terms of production capacity. It has nine factories in Vietnam and China. It also owns paper mills in the United States. The company employs more than 15,000 employees and produces about 5.25 million tons of paper products annually.
WestRock Company
Headquarters: Atlanta, Georgia Establishment: 2015 Website: https://www.westrock.com/
WestRock is a corrugated packaging company based in America. It was established in July 2015 after the merger of RockTenn and MeadWestvaco. WestRock is the second-largest American packaging company. It is one of the world's leading packaging and paper companies with USD 15 billion in annual revenue and over 42,000 employees in 30 countries. The company specialises in sustainable packaging, healthcare packaging, merchandising displays, corrugated boxes, paperboard boxes, and automated packaging systems, among others.
Smurfit Kappa Group
Headquarters: Dublin, Ireland Establishment: 2005 Website: https://www.smurfitkappa.com/
Smurfit Kappa Group is Europe's leading corrugated packaging company and one of the leading paper-based packaging companies in the world. The company has approximately 46,000 employees in over 350 production sites across 36 countries, with a revenue of USD 8.5 billion in 2020. The company specialises in recycling, integrated production, containerboard, solid board, graphic board, packaging, and forestry operations, among others.
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
Over the past few years, the corrugated packaging industry has experienced incredible growth. This is directly related to the growth in e-commerce. After all, people today order a variety of products from online megastores like eBay and Amazon. These products often come in corrugated packaging boxes of different sizes.
The industry did suffer a slump back in 2011 and 2012. The growth had slowed down considerably, though the industry didn’t suffer from the recession as much as others did. Recently, the corrugated packaging industry has recovered considerably.
Most of the major players in this game have seen significant growth in their revenue. Some of the largest corrugated packaging companies in the world are located here in the United States. Here’s a brief introduction about them.
1 – International Paper Co.
This company was founded in 1898 in New York and has grown into one of the largest packaging products’ manufacturers in the world. Currently, the company is based in Memphis, Tennessee and serves a worldwide market. They manufacture everything from plastic lids to packaging for cosmetics and other such retail products. International Paper Co. is a well-known and well established brand. It has a number of assets worldwide, including a factory in Poland and India.
The company has assets worth a total of $28.684 billion dollars and has revenue of $23.617 billion. They also hire about 65,000 people and they are a significant force in the industry. International Paper Co is a heavy supporter of the recycling business and manufactures recycled corrugated boards.
2 – Pratt Industries
Pratt Industries is considered the world leader in the corrugated packing industry. It’s the 5th largest in the U.S. On a global level, it is the largest privately-owned corrugated packing company that uses 100% recycled materials. It was founded in the U.S more than 20 years ago and has been growing steadily ever since. The company is based in Georgia but has set up several facilities in North America and Mexico.
The company also employs more than 4,000 green-collar employees to keep its business running. Pratt Industries is committed to sustainability and green industry practices. It is a private company that’s known for its customer service and high-quality products. This is one of the reasons why its products are often used by big names all over the country.
3 – US Corrugated, Inc.
US Corrugated Inc. was established in 1966 in Newark, New Jersey. It’s a private company that’s owned by veterans in the corrugated packaging industry. The company is large and has a significant influence in the industry. It is strictly a B2B operation and sells its products to small and large companies all over the world. US Corrugated Inc. is also committed to recycling and owns a paper mill in South Carolina. They’re particularly known for their Point-of-Purchase displays and industrial packaging products.
4 – Georgia-Pacific
This company was established in 1972 in Augusta, Georgia. Currently, it’s located in Atlanta, Georgia. Georgia-Pacific is a massive company and has a presence in over 300 locations all over North America, South America, and some areas of Europe. They employ in excess of 40,000 people in its various facilities. Georgia-Pacific operates under a number of different brand names and is a leading producer of products like office paper, toilet and tissue paper, remodeling, and paper towels.
The company is also committed to recycling and has started to offer many recycled products. They always work on sustainable solutions and are a driving force behind many such green practices in the corrugated packaging industry.
These companies are some of the biggest names in the industry and they’re slowly turning towards recycled products. As the demand for eco-friendly products rises, you can expect these companies to step up and offer great solutions.