The North America and Europe reusable corrugated boxes market size is expected to reach USD 5.28 billion by 2030, growing at a CAGR of 7.4% from 2023 to 2030, according to a new report by Grand View Research, Inc. This is attributed to the increased e-commerce activities in North America & Europe due to the growing trend of online purchasing. This industry utilizes reusable corrugated boxes to ship its products in large and bulk quantities as they are a cheaper and sustainable alternative to plastic secondary packaging boxes.
Corrugated boxes based on recycled fibers lack strength. This leads end-use partners of corrugated boxes such as e-commerce platforms to reuse existing ones as they exhibit higher strength than recycled ones. The growing online purchasing trend among consumers is leading to a boom in the e-commerce sector. This, in turn, is expected to drive the demand for reusable corrugated boxes to reduce packaging costs.
The growing sustainable packaging awareness attracts investments and funding from private sources to boost the adoption of corrugated boxes. For instance, on March 20, 2023, ElmTree Funds, in collaboration with JB2 Partners, funded WestRock’s new 410,000-square-foot corrugated box plant in Longview, Washington.
Several manufacturers are adopting numerous strategies, such as new product development, for key market players to enhance and innovate their products. For instance, on June 8, 2023, Eco-Latch Systems developed a box latch for reusable corrugated box manufacturers. This latch is a plastic device to securely hold the top flaps of a reusable corrugated cardboard box in a closed position.
Request a free sample copy or view report summary: North America And Europe Reusable Corrugated Boxes Market Report
North America And Reusable Corrugated Boxes Market Report Highlights
The increased demand for reusable corrugated boxes market in North America & Europe can be attributed to the rising raw material prices used for producing corrugated boxes in these regions
E-commerce companies often use oversized reusable corrugated boxes to ship online ordered products. However, several government policies restricting the use of such boxes may hinder the market growth for reusable corrugated boxes. For instance, In May 2022, Assembly Environment and Solid Waste Committee approved a bill to ban large retailers from shipping products in boxes more than twice the volume of the product
Based on type, the corrugated pallets segment is projected to grow at the fastest CAGR of 9.3% from 2023 to 2030. Corrugated pallets are lightweight and provide a better load-bearing capacity than their wooden counterparts
In terms of end-use, food & beverage held the largest market share of over 19.0% in 2022 in terms of revenue. This market growth is due to its utilization in the food & beverage industry for cost savings, supply chain efficiency, and sustainability
In terms of region, Europe held the largest market share of 70.54% in 2022, due to the growing sustainability initiatives, such as the Green Deal and Extended Producer Responsibility Program (EPR), to increase green packaging in the region. It is expected to drive the demand for corrugated boxes in the European market
Access Press Release @ https://www.grandviewresearch.com/press-release/north-america-europe-reusable-corrugated-boxes-market-analysis
North America And Europe Reusable Corrugated Boxes Market Segmentation
Grand View Research has segmented the North America and Europe reusable corrugated boxes market based on type, end-use, and region:
North America & Europe Reusable Corrugated Boxes Type Outlook (Volume, Million Square Meters; Revenue, USD Million, 2018 - 2030)
Slotted Boxes
Telescope Boxes
Folder Boxes
Corrugated Pallets
North America & Europe Reusable Corrugated Boxes End-use Outlook (Volume, Million Square Meters; Revenue, USD Million, 2018 - 2030)
Food & Beverage
Electronics
Home & Personal Care
Chemicals
Textile Goods
Glassware & Ceramics
Paper Products
E-commerce
Others
North America & Europe Reusable Corrugated Boxes Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
List of Key Players in the North America And Europe Reusable Corrugated Boxes Market
Mondi Group
Rengo Co., Ltd.
DS Smith
International Paper
sappi
Stora Enso
Trident Paper Box Industries
Packaging Corporation of America
WestRock Company
Packman Packaging
Smurfit Kappa
Cascades Inc.
Georgia-Pacific, LLC.
Nine Dragons Worldwide (China) Investment Group Co., Ltd
Kapco Packaging
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Sign in to leave a comment.