Japan Corrugated Board Market (2024 - 2030) Size, Share & Trends Analysis Report By Application (Food Product, Beverages, Personal & Household Care, Chemicals, Electrical, Goods, Glassware & Ceramics), And Segment Forecasts

Japan Corrugated Board Market Trends 

“2030 Japan Corrugated Board Market value to reach USD 5.46 billion” 

The Japan corrugated board market size was valued at USD 5.07 billion in 2023 and is projected to grow at a CAGR of 1.1% from 2024 to 2030. The major factor driving the growth of this market is the increase in demand for packaging with the rise in the e-commerce and logistics industries. Japan is undergoing fast industrial growth, requiring durable packing solutions for transporting goods between various locations. Due to their lightweight, corrugated boards are easy to handle, making them ideal for the e-commerce industry.

Source: Grand View Research, IR Documents, Primary Interviews, Paid Databases

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Corrugated boards are used to make corrugated boxes required for packaging. Several layers of sheets form a tight cushioning around the product. This provides convenience, product safety, and better handling when packaging, loading, transporting, and unloading consignments. These boxes can be manufactured in any size required, therefore making them useful for many industries.

Moreover, these boxes are eco-friendly, as the wood fibres used to manufacture them can be recycled. Therefore, with the growing emphasis on sustainable packaging, corrugated board boxes have become a suitable alternative in the packaging industry, resulting in a rise in the use of corrugated boards to manufacture packaging boxes.

Furthermore, the increased need for packaging food products has significantly expanded the corrugated board industry in Japan. With the growth of the processed food and food delivery sectors, a higher demand for packaging materials such as corrugated boards further contributes to the market growth. 

Application Insights & Trends

“The electrical goods segment to witness a growth rate of 1.7%”

The food segment dominated the market in 2023, with a share of 55.6% in 2023. This growth is attributed to the increased use of corrugated board boxes for packaging in the processed food industry and food delivery companies. The application segment is divided into beverages, personal and household care, chemicals, electrical goods, glassware and ceramics, transport, textiles, and paper products. Increased use of corrugated board boxes for innovative food packaging has further supported the market growth. Furthermore, research and development for new products and promotional strategies to meet consumer needs, such as ensuring the safety and security of food and innovative packaging, is further expected to boost the Japanese corrugated board market.

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The electrical goods segment is set to grow due to the increased use of corrugated board boxes for packaging electrical goods, as the boxes are lightweight and cost-effective. The boxes also provide protection to the fragile electrical goods further driving the market growth upwards.

Key Japan Corrugated Board Company Insights

Some of the key companies in the Japan corrugated board market are Oji Holdings Corporation, TPG (HK) Ltd., Yamakoh Co., Ltd., Tomoku Co., Ltd., Nippon Paper Group Inc., and Dynapac Co., Ltd. These companies are aiming to invest in innovation to manufacture various type of packaging boxes focusing on sustainability and weight reduction.

• Oji Holdings Corporation is a paper and packaging company. Oji operates in various segments such as paper and pulp, packaging, household products, and environmental resources.

• Nippon Paper Group operates in the paper and pulp industry that specializes in products such as regular paper, cardboard, and household paper.

Recent Developments

• In March 2024, Rengo Co., Ltd. declared to adjustments to the prices of its corrugated board/carton and folding carton. The situation was difficult, as raw material and fuel costs stayed elevated and the yen continued to lose value for an extended period.

• In August 2022, Rengo Co., Ltd. had declared that its subsidiary, Tri-Wall Limited, had bought all the shares of Corrugated Case Holdings Corrugated Case Holdings Limited. The Corrugated Case Company Limited, ran a factory in central England (Chesterfield) for manufacturing and selling high-value-added corrugated boxes.

Japan Corrugated Board Market Report Segmentation

This report forecasts revenue growth at country level and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the Japan corrugated board market report based on application.

• Application Outlook (Revenue, USD Million, 2018 - 2030, Volume in Million Square Meters)

  • Food Product

  • Beverages

  • Personal & Household Care

  • Chemicals

  • Electrical Goods

  • Glassware & Ceramics

  • Transport

  • Textiles

  • Paper Products

  • Others