The demand for die-cut cartons in India is expected to grow at a CAGR of 5.5% per annum. In Spain, the increasing use of cartons for packaging by consumers is expected to grow at a CAGR of 2.5% per annum during the forecast period. China, with its numerous manufacturers, is expected to register a CAGR of 4.4% between 2024 and 2034.

NEWARK, DE / ACCESSWIRE / August 23, 2024 / The market share of die-cut boxes is expected 28.6 billion US dollars through 2034. The move away from plastic in favour of a more sustainable environment is expected to boost demand for die-cut packaging in the future. Demand was 22.1 billion US dollars In 2024 and is expected to grow at a compound annual growth rate of 2.6% from 2024 to 2034.

The die-cut box market offers specialty solutions for a range of products and is a significant part of the packaging industry. For consumer goods such as electronics and cosmetics, these corrugated boxes are perfectly suited. Companies investing in packaging technologies that allow for customization options such as modular designs or changeable printing options are doing so due to the expected increase in demand for environmentally friendly materials.

Due to increasing environmental awareness, die-cut box manufacturers are planning to use more environmentally friendly materials. Companies are choosing sustainable and recyclable materials such as paper, biopolymer and bioplastic to meet consumer needs for eco-friendly packaging. Nevertheless, the use of eco-friendly products could have an impact on the supply chain.

With an increasing need for high-quality packaging options and brand differentiation, the rigid die-cut box industry is booming. In response to the increasing focus on sustainability and eco-friendly packaging, manufacturers are focusing on offering recyclable and biodegradable options.

“Die-cut boxes are becoming increasingly popular as consumers prefer environmentally friendly products and online shopping brings a growing need for eco-friendly packaging. By working with packaging designers and artists, companies can create distinctive, limited edition packaging for special campaigns,” Says a Senior Consultant Ismail Sutaria in Packaging at Future Market Insights (FMI).

Key insights from the Die-Cut Boxes Market report

• The die-cutting box industry recorded a growth rate of 2.2% in the historical period. The market value increased from 19.4 billion US dollars In 2019 To 21.2 billion US dollars In 2023.

• During the entire projection period Single wall panel is expected to take the lead in terms of board type. In 2024, the category is expected to reach a 52.3% Share.

• In 2024, it is expected that the Eat Industry will be a dominant 46.7% Share of the packaging applications market.

• Throughout the forecast period, the industry will grow in the United States is expected to 1.6%.

• India is expected to be a 5.5% CAGR increase in cardboard consumption until 2034.

• Consumer use of cartons for packaging in Spain is expected to grow at a compound annual growth rate of 2.5% during the forecast period.

• Due to the developing manufacturing activity, China is expected to grow at a compound annual growth rate of 4.4% between 2024 and 2034.

The story continues

Competitive environment

The die-cut cardboard market is currently undergoing a fascinating transformation. Leading players are emphasizing sustainability and recognizing the growing consumer demand for eco-friendly packaging solutions. These efforts have led to a rise in research and development of cardboard boxes made from recycled or biodegradable materials.

At the same time, international companies are seeking strategic alliances such as mergers and acquisitions. These partnerships, especially with domestic companies and innovative startups, provide access to new technologies and expertise. This enables them to expand their product portfolio of die-cut boxes, cover a wider range of applications and increase global sales.

Hyderabad-based Mukund Corrupack invested in a Bobst 8.20 Discovery flexo folder gluer in May 2023, doubling its production within a year. With a production capacity of 3,000 tonnes per month and its own four-colour printing facility, Mukund has a European strapping machine capable of producing 18,000 cartons per hour with four-colour printing and die cutting.

Key players in the die-cutting box industry

• Mondi Group Plc

• WestRock Company

• Pratt Industries, Inc

• Alpha Packaging, Inc.

• Georgia Pacific Packaging LLC

• Abbe Industrial Packaging Pty Ltd

• DS Smith Plc

• PakFactory

• Garthwest Ltd

• Great Little Box Company Ltd.

• International Paper Company

• Smurfit Kappa Group

• Amcor Limited

• Klabin SA

• Stora Enso Oyj

• Cascades Inc.

To get detailed insights into the market, browse the full report: https://www.futuremarketinsights.com/reports/die-cut-box-market

Key segments of the die-cutting box industry

By board type:

Based on the type of panels, the industry distinguishes between single-sided panels, single-wave panels, double-wave panels and triple-wave panels.

By class:

In terms of quality, the industry distinguishes between bleached and unbleached.

After end use:

Based on the end use of the cartons, the industry is segmented into Food, Electrical & Electronics, Healthcare, Textiles & Apparel, E-Commerce, Personal Care & Cosmetics, and Others.

By region:

The report covers major countries in North America, Latin America, Europe, East Asia, South Asia, the Middle East and Africa (MEA), and Oceania.

Author:

Ismail Sutaria (Senior Packaging and Materials Consultant) has over 8 years of experience in market research and consulting in the packaging and materials industry. Ismail’s strength lies in identifying the client’s key challenges and delivering logical and actionable insights to empower clients with strategic decision-making power.

Ismail has been instrumental in several transformation consulting engagements. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis and business transformation consulting. Ismail holds an MBA in Marketing and a Bachelor’s degree in Mathematics.

Take a look at current research reports on the packaging sector:

The top bottom packaging boxes market is expected to register a compound annual growth rate (CAGR) of 2.5% from 2024 to 2034. The demand is expected to reach USD 1.9 billion by 2034.

Rigid cardboard box sales could reach this level and even exceed $96.3 billion by 2034, representing a compound annual growth rate of 1.8% during the forecast period.

The jewelry box market demand is projected to reach a global market value of $223.4 million by 2034, growing at a compound annual growth rate of 3.6% between 2024 and 2034.

The value of corrugated boxes worldwide is expected to register a compound annual growth rate of 4.3% during the period 2023 to 2033. The market value of corrugated boxes is expected to grow from USD 140.4 billion in 2023 to USD 213.9 billion by 2033.

The Luxury Hard Board market revenue is expected to reach USD 6,200.7 million by 2034, with sales revenue expected to grow at a CAGR of 3.8% during the forecast period.

The packaging boxes market is expected to exhibit a stable compound annual growth rate (CAGR) of 5% through 2033. The volume of the packaging boxes industry is forecast to increase to USD 230.37 billion by 2033.

The demand for tool boxes is expected to grow at a modest CAGR of 2.4% through 2034. The industry is forecast to surpass the USD 1,978.1 million mark by 2034.

The global custom packaging boxes market share is expected to grow at a compound annual growth rate of 4.7% during the forecast period and reach USD 9.0 billion by 2032.

The global paperboard packaging market is expected to grow at a compound annual growth rate of 6.5% between 2023 and 2033, reaching a total value of approximately US$116.7 billion by 2033.

The global gift boxes market is projected to grow at a CAGR of 6.4% per year in revenue, with the expected closing value reaching US$ 3,753.80 million by 2033.

About Future Market Insights (FMI)
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View the original press release on accesswire.com.