Moving Boxes Market: Global Industry Analysis and Forecast (2023-2029)

Moving Boxes Market was valued at US $ 210.59 Bn. in 2022. Global Moving Boxes Market size is estimated to grow at a CAGR of 5.2%.
Moving Boxes Market Overview:
Moving boxes are made up of corrugated boxes and act as one-stop-shop for packaging solutions. Moving Boxes are easy to carry and their lightweight characteristics make them most preferable choice in packaging industry. They are available in wide range of size varying from 1.5 cubic feet to 4.5 cubic feet as per requirement of packaging. Moving boxes are manufactured by paper and paperboard packaging products producers.
Moving Boxes Market Snapshot
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Moving Boxes Market Dynamics:
The Rising urbanisation and growing population led to moving materials from one place to another, which in turn creating the necessity of packaging boxes across the globe. In developing countries, such as India, China, and Brazil, people including working group, students, and travellers move from one place to another for individual purpose along with need to move their personal items which led to create need of moving boxes.

Moving boxes differ from traditional corrugated boxes and folding cartons in size, shape, and design. Unlike corrugated boxes and folding cartons, they are intended for both storage and transportation of products. Storage is the primary purpose of corrugated boxes and folding cartons. Moving boxes come in a variety of sizes and designs to meet the specific packing requirements of consumers. Household and personal items such as televisions, computers, clothes, beds, kitchen utensils, and so on can be easily packed and relocated from one location to another. The growing use moving boxes for several application across the globe are driving the moving boxes market growth during the forecast period.

The growing paper and cardboard industry is also driving the moving boxes market growth by providing raw material for packaging industry. The global production of paper and cardboard is more than 400 million metric tonnes each year and it is expected to reach double at the end of forecast period. For instance, in 2020, global Paper market reported a revenue of US $ 20 billion.

The market is showing northward direction growth, thanks to the growing use of moving boxes in food and beverage packaging, paper, electronics, textiles, personal care, chemicals, glassware and ceramics. In addition, the e-commerce economy is growing as online buying provides the conveniences of free shipping and hassle-free delivery along with return policies. The adoption of product-specific moving boxes by online retailers to protect items from mechanical stress is expected to fuel the moving market growth over the forecast period.

Market Size of E-Commerce Industry in India with Forecast (in Billion):
Moving Boxes Market Segment Analysis:
Based on the Type, the Moving Boxes Market is segmented into Corrugated Boxes and Folding Cartons. The Corrugated Boxes segment held the largest market share, accounting for 67% in 2022. Three layers of corrugated cardboard sheets are combined to make corrugated boxes. These sheets help to trap air between them, which provides as a cushion to preserve the box's contents. Corrugated boxes offers a number of benefits, such as high strength, lightweight, flexibility, high durability, and aesthetic appeal as compared to other types of packing, These boxes are also environment-friendly as they are made without the use of toxic chemicals and are easily recyclable.

Based on the Application, the Market is segmented into Household and Personal Belongings. The Household segment held the largest market share, accounting for 34% in 2022. The Household segment is further sub-segmented into Music Instruments, Electronics Goods, Kitchen Wares, Bed and Furniture Covers, and Others. The growing usage of moving boxes in household due to their convenience is driving the moving market growth for this segment.
Moving Boxes Market Regional Insights:
Asia Pacific region held the largest market share accounted for 43% in 2022. The region's growth is primarily attributed to the a growing awareness of environmental issues and an emphasis on sustainable packaging, a surge in demand for electronic goods and personal care products, and an increase in e-commerce activities. The availability of raw materials, along with a growing use of moving boxes in various application are fueling the moving box market growth in the region. With highest concentration of the manufacturing sector of moving boxes, China has dominated the region in 2020 Advancements in the electronic appliances industry, South Korea and Taiwan are expected to see an increase in regional packaging demand.

The objective of the report is to present a comprehensive analysis of the Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Market dynamic, structure by analyzing the market segments and projecting the Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Market make the report investor’s guide.
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Global Moving Boxes Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 200.19 Bn.


Forecast Period 2023 to 2029 CAGR:
5.2%
Market Size in 2029:
US $ 300.30 Bn.


 Segments Covered:
by Type
Corrugated Boxes
Folding Cartons


by Application
Household
Music Instruments
Electronics Goods
Kitchen Wares
Bed and Furniture Covers
Others
Personal Belongings
Foot Wares
Cloths
Sports Goods
Others



Moving Boxes Market, by Region:
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Moving Boxes Market, Key Players are
1. International Paper Company
2. Mondi Group
3. Northwest Paper Box
4. Salazar Packaging, Inc.
5. Accurate Box Company, Inc.
6. Shanghai DE Printed Box
7. Guangzhou Huaisheng Packaging Co., Ltd.
8. Kapestone
9. West Rock Packaging Company
10. Packaging Corporation of America
11. Sappi Limited
12. DS Smith
13. Oji Paper Company
14. Smurfit Kappa
15. Georgia-Pacific

Frequently Asked Questions:

1] What segments are covered in the Moving Boxes Market report?
Ans. The segments covered in the Moving Boxes Market report are based on Type, Application.

2] Which region is expected to hold the highest share in the Moving Boxes Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Moving Boxes Market.

3] What is the market size of the Moving Boxes Market by 2029?
Ans. The market size of the Moving Boxes Market by 2029 is expected to reach US $ 300.30 Bn.

4] What is the forecast period for the Moving Boxes Market?
Ans. The Forecast period for the Moving Boxes Market is 2023-2029.

5] What was the market size of the Market in 2022?
Ans. The market size of the Market in 2022 was US $ 210.59 Bn.