Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 12.67 Billion | USD 30.51 Billion | CAGR at 9.20% | 2023 |
The global chipboard box market had a value of USD 12.67 billion in 2023, and Zion Market Research predicts that it will increase to USD 30.51 billion by the end of 2032. The market is expected to grow with a CAGR of 9.20% during the forecast period.
This study provides an analysis of the growth drivers, growth restrictions, and influence on demand that are associated with the Global Chipboard Box Market over the time of forecasting. Additionally, it will assist in navigating and investigating the possibilities that are becoming available in the Chipboard Box Market.
The use of chipboard boxes is considered a modern solution for retail packaging, and this will grow owing to the growth of supermarket, hypermarket, and online retail sales. The main factors that are contributing to the growth of the market are the rise in awareness about environmental sustainability and the fact that chipboard boxes are a cost-effective solution. Another factor that also favors the growth of the market is the increasing disposable income of the middle-class population.
The factors that are going to affect the growth of the market in a negative way are the rise in the use of plastic sacks and bags. The plastic bag manufacturers are making innovations in their products by reducing the harmful effects and increasing the convenience of the customer, thus affecting the sales of the chipboard boxes. The biohazard that results from a lack of raw materials is another factor that hinders market expansion.
The global market for the chipboard box is fragmented into the material type, product type, and end-user industry.
On the basis of the material type, the global market is segregated into wood and paper.
On the basis of the product type, the market is categorized into matchbox type, portable handle box, boxing, and the cover hinge on lower box.
On the basis of the end-user industry, the market is divided into pharmaceuticals, home care, food, cosmetics, and personal care.
In modern life, chipboard boxes are playing an important role as the demand for food and consumer products is increasing. The requirement for such products has increased considerably owing to the ease of availability of raw materials such as wood and paper. The chipboard boxes are made from a stiff and thin sheet of material that is made from waste paper.
Report Attributes | Report Details |
---|---|
Report Name | Chipboard Box Market Research Report |
Market Size in 2023 | USD 12.67 Billion |
Market Forecast in 2032 | USD 30.51 Billion |
Growth Rate | CAGR of 9.20% |
Number of Pages | 201 |
Key Companies Covered | Canadian Paper Packaging, Multicell Packaging, All Packaging Services, REID Packaging, Imperial Printing & Paper Box Manufacturers Limited, RTS Packaging, Marion Paperbox, RPC Packaging, Media Manufacturing & Custom Packaging, Canpaco Packaging, and others. |
Segments Covered | By Material Type, Product Type, By End-User, and By Region |
Regions Covered | Latin America, North America, Asia Pacific, Europe, The Middle East, And Africa |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Customized purchase options are available to meet your exact research needs. Request For Customization |
The North American region is considered the largest market for chipboard boxes. The factors that support the growth of the market in this region include the presence of major market players and the increase in consumption of ready-packaged food products. The development that is made in sectors such as retail and medicine in countries such as Canada and the U.S. triggers the sales of chipboard boxes. In other regions, such as Europe and Asia Pacific, the market is growing rapidly
The Paper Mart organization created the product, Reverse Tuck End Boxes. It is available in two colors: brown and white. Self-locking does not require tape or glue in order to set up for the purpose of usage. It is generally used as an inner carton that is packed in the outer shipping carton. These boxes are made exclusively and sold as "give away" boxes for business purposes. These boxes are shipped flat.
The key market players that are involved in the chipboard box market include
By Material Type
By Product Type
By End-User Industry
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