GCC Corrugated Box Market

GCC Corrugated Box Market Overview

Corrugated box is made from two sheets of paper, which is referred as liners and glutted to a corrugated inner medium called fluting. These layers of paper are mustered in such a way that it supports and strengthens the overall structure. The structure gives corrugated box the required rigidity and resistance.

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Major GCC Corrugated Box Market Drivers

Strong demand for electronic goods coupled with the rising spend on the packaged food products within the GCC countries is the major factor which has evolved the corrugated box market scenario. According to “Arab Agricultural Development Organization”, food imports in the region has doubled to US$ 53.1 billion in 2020, from US$ 25.8 billion in 2010. Furthermore, continuous development for reducing the weight and increasing the strength of the box has further helped in escalating the regional demand for the corrugated box. For instance, in 2018, using computational engineering, Amazon engineering team began to test the strains, stress and vibration effects of the corrugated boxes. They have optimized the weight of the corrugated box and reduced the overall weight of the boxes by about 9 percent, which has led to the rise in the adoption of the corrugated box in the region.

Furthermore, innovations in the domain are expanding the scope of the applications for corrugated cardboard packaging. Companies such as QATAR PAPER INDUSTRIES, IPC which is a solutions provider for the packaging and distribution of goods, that enables the joint transport of non-refrigerated, frozen and chilled products, within one package is further driving the corrugated box market in the region.

Restraint in the GCC Corrugated Box Market

However, continuous fluctuations in the prices of the raw material and the easy availability of cheap substitutes like mushroom based containers are likely to hamper the growth of the market.

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Material – Segment Analysis

Based on the material, the linerboard material is expected to dominate the GCC corrugated box market over the forecast period. The linerboard material is a rigid and thick paper used in the external faces of the corrugated products. The linerboard is available in different widths based on the surface smoothness, degree and weight of rigidity. The linerboard includes the sheet of papers which is glued to the medium sized corrugated boxes. All these properties and application of the linerboard material is expected to attract large number of consumers and industries in the upcoming years.

End Use Industry – Segment Analysis

Based on the end-use industry, the food & beverage end-use industry is projected to grow at a higher CAGR during the forecast period owing to the growing awareness of the safe packaging of the products among consumers and increasing demand for packaged & branded products. The corrugated boxes are widely used in the food & beverage industry as it provides better protection during transportation and uses safe packaging materials.

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Countries – Segment Analysis:

Based on the country, Saudi Arabia is expected to dominate the GCC corrugated box market over the forecast period. This is due the easy availability of the raw materials and the rapid economic development in the country. Additionally, favorable government initiatives such as Saudi Vision2030 to strengthen the economy will also play a positive impact in the country. Furthermore, growing electronics industry, food and beverages industry in the region among others will indirectly drive the demand for corrugated box market. 

Key Developments:

• • In May 2019, Mondi Group officially announced the investment of EUR 30 million in one of its most innovative corrugated packaging plants, which would allow the company to broaden its product portfolio to service further export and enhance product quality. This will help the company to stay in the long run in the corrugated box market.

Segments covered in the Report:

The GCC corrugated box market has been segmented on the basis of type, product type, material, end use industry and country. Based on type, the market is segmented into virgin and recycled. Based on product type, the market is segmented into slotted boxes, telescope boxes, rigid boxes, and folder boxes. Based on material, the market is segmented into linerboard, medium and others. Based on end use industry the market is segmented into food & beverage, electronics and goods, home and personal care goods, chemicals, textile goods, paper products and others. 

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Report Coverage	Details
Market Revenues (2022)	USD Million
Market Base Year	2022
Market Forecast Period	2023-2030
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Product Type, By Material, By End Use Industry
Regional Coverage	GCC
Companies Profiled	Profiles of Top 10 Major Companies Operating in “GCC Corrugated Box Market”
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

GCC Corrugated Box Market by Type

• • Virgin
  • Recycled

GCC Corrugated Box Market by Product Type

• • Slotted Boxes
  • Telescope Boxes
  • Rigid Boxes
  • Folder Boxes

GCC Corrugated Box Market by Material

• • Linerboard
  • Medium
  • Others

GCC Corrugated Box Market by End Use Industry

• • Food & Beverage
  • Electronics and Goods
  • Home and Personal Care Goods
  • Chemicals
  • Textile Goods
  • Paper Products
  • Others

GCC Corrugated Box Market by Countries

• • UAE Corrugated Box Market All-Up (Option 1: Free 25% Customization)
  • Saudi Arabia Corrugated Box Market All-Up (Option 2: Free 25% Customization)
  • Oman Corrugated Box Market All-Up (Option 3: Free 25% Customization)
  • Kuwait Corrugated Box Market All-Up (Option 4: Free 25% Customization)
  • Rest of GCC Corrugated Box Market All-Up (Option 5: Free 25% Customization)