Japan Corrugated Board Market Insights Forecasts to 2032

• The Japan Corrugated Board Market Size was valued at USD 5.4 Billion in 2022.
• The Market is Growing at a CAGR of 3.75% from 2022 to 2032
• The Japan Corrugated Board Market size is expected to reach USD 7.8 Billion by 2032.

The Japan Corrugated Board Market Size was valued at USD 5.4 Billion in 2022 and is expected to grow to USD 7.8 Billion by 2032, at a CAGR of 3.75% during the forecast period (2022-2032).

Market Overview

Corrugated boxes are environmentally friendly due to their organic component, which includes starch glue and paper. It is a one-material bundle that may be readily discarded or folded and squeezed into an old-paper bale for storage. Without additional sorting, the boxes or trays can be collected. As a result, companies and consumers alike use this type of packaging to save money and time. One of the primary drivers for the corrugated board market in Japan is the country's expanding processed food industry. The development of new farm and food technology, along with cost-effective international transportation, has enhanced food product commerce in recent years. A vast number of international food corporations are now actively involved in global food commerce, increasing the demand for packaging materials. Furthermore, the corrugated board market in Japan is expanding processed food sector. The development of new farm and agricultural technology, along with low-cost international transportation, has enhanced food product commerce in recent years. A vast number of international food corporations are now actively involved in the global food trade, increasing the demand for packaging materials. The fast-paced lifestyle of the country's customers has increased the use of processed food as a replacement for prepared meals. The popularity of packaged sauces, meals-in-a-box, and quick meals in the country has increased in recent years, which is likely to drive demand throughout the projection period.

Report Coverage

This research report categorizes the market of Japan corrugated board market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan corrugated board market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Japan corrugated board market.

Driving Factors

The corrugated board was utilized for fragile glassware materials. Corrugated board use is expected to expand due to growing demands for packaging materials to preserve the freshness of items during transit. Furthermore, the rapidly expanding e-commerce industry in Japan is expected to boost market expansion. Corrugated materials that are low in weight may be handled easily, making them perfect for the e-commerce business. Furthermore, strict regulations governing the usage of environmentally friendly materials are expected to boost market growth. Japan is experiencing rapid industrialization, demanding the use of strong packing solutions to transfer commodities from one location to another. Recent advances in tiny flute technology and rising demand for high-quality graphics are expected to boost the market growth.

Restraining Factors

Flexible plastic packaging offers the greatest benefit to manufacturers and retailers since it decreases the weight of packing, resulting in lower shipping and warehousing costs and the need for much less space. Consumers benefit from features like single-serve amounts, easy-to-open, and easy-peel alternatives, and the food tastes better in retort pouches than in typical tin cans.

COVID 19 Impacts 

Due to the COVID-19 epidemic, several industries, including the chemicals and materials business, experienced unprecedented hurdles. The introduction of COVID-19 safety measures resulted in raw material and labor shortages, factory shutdowns, and other operational challenges. As a result, firms that manufacture packaging materials saw a decrease in revenue during the first months of the epidemic. Due to the closure of offline retailers, the e-commerce sector saw a considerable increase in demand for numerous products such as packaged food and drinks, groceries, daily needs, and consumer durable goods. Even during the COVID-19 epidemic, there was a substantial demand for corrugated boards from the e-commerce industry to package and convey diverse commodities. However, due to a lack of raw materials and the suspension of industrial facilities as a result of protracted statewide lockdowns, there was a significant demand and supply mismatch, which hampered the expansion of the corrugated board industry. Furthermore, the packaging business suffered a large loss as a result of a halt in logistical operations.

Market Segment

• In 2022, the food & beverages segment is influencing the largest market share over the forecast period.

Based on the application, the Japan corrugated board market is segmented into food & beverages, personal & household care, and chemicals. Among these segments, the food & beverages segment dominates the largest market share during the forecast period. Corrugated boards are commonly used in the food and beverage sector for the packaging and delivery of various food items. They are used to make cartons and boxes that provide a solid cushion while carrying and handling various things such as fresh fruits and vegetables, meat products, eggs, and bakery products, and they are one of the safest and most sanitary packaging solutions available on the market. Corrugated boards are clean and sanitary because they are created at high temperatures. The boards maintain optimal moisture levels and prevent germs from developing, making them perfect for shipping perishable items. This aspect is projected to drive demand for corrugated boards from the food and beverage packaging industries in the future years.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan corrugated board market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Rengo Co. Ltd.
• Japan Pulp and Paper Company Limited
• Dynapac Co., Ltd.
• Nippon Paper Group, Inc.
• Oji Holdings

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2022 to 2032. Spherical Insights has segmented the Japan Corrugated Board Market based on the below-mentioned segments:

Japan Corrugated Board Market, By Application

• Food & Beverages
• Personal & Household Care
• Chemicals