CLEVELAND, Feb. 18, 2020 /PRNewswire/ -- Global e-commerce box demand is projected to rise 12% annually to 12.5 billion square meters in 2023. Corrugated boxes are used to ship virtually any type of merchandise purchased via e-commerce and are valued for their relatively low cost, strength, durability and recyclability. These and other trends are included in the study Global Corrugated Boxes. https://www.freedoniagroup.com/industry-study/global-corrugated-boxes-3737.htm
The Asia/Pacific region will account for the majority of gains (62%) primarily due to:
continued fast expansion of the Chinese e-commerce market, the largest in the world
rising consumer incomes and internet penetration across the region allowing more people to begin shopping online for the first time
the development of order-fulfillment infrastructure that facilitates cross-border shipping
increasing consumer comfort with purchasing fragile or high-value products online that may require larger or sturdier boxes
In North America and Western Europe, e-commerce box demand is supported by:
the large number of orders per person, as most consumers shop online
wide use of online shopping subscriptions that offer free shipping for nearly any order, which encourage more frequent orders
widespread consumer comfort with purchasing fragile or high-value products online, which often require higher value boxes to ship
rising popularity of higher value custom boxes with high-quality graphics
However, right-sizing trends in these well-established e-commerce markets will restrain faster growth as the value of commodity-type boxes used in e-commerce decreases due to boxes being smaller and using fewer materials per order.
About The Freedonia Group – The Freedonia Group, a division of MarketResearch.com, is a leading international industrial research company publishing more than 100 studies annually. Since 1985 we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Each study includes product and market analyses and forecasts, in-depth discussions of important industry trends, and market share information. Studies can be purchased at www.freedoniagroup.com and are also available on www.marketresearch.com and www.profound.com.