Corrugated Boxes Market Highlights
Market Research Future published a research report on Global Corrugated Boxes Market that contains the information from 2017 to 2023. The global corrugated boxes is expected to grow with the CAGR of approximately 3.91% from 2017 to 2023.
The growth of corrugated boxes can also attributed to growing demand for product safety. As, every product requires safe, and secure packaging while transporting and shipping from one place to another. To maintain the durability and safety of the products, packaging is required so that materials can withstand different conditions such as atmospheric, vibration or shock, variations in temperature, and pressures until the product reaches the consumer safely. The high-quality of packaging materials attracts more customers, having a positive impact on the global market. However, the production and use of paper has a number of adverse effects on the environment. The paper industry totally depends on trees, and as the need for paper increases, deforestation increases. Thus, such factors hinder the market growth.
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- The key players of the global corrugated boxes market are :
- Mondi Group (Austria)
- Smurfit Kappa Group (Ireland)
- International Paper Company (U.S.)
- Orora Packaging Australia Pty Ltd. (Australia)
- WestRock (U.S.)
- Georgia-Pacific LLC (U.S.)
- Archis Packaging Pvt. Ltd. (India)
- Europac Group (U.K.)
- KapStone Paper and Packaging Corporation (U.S.)
- Nefab Group (Sweden)
Taste the market data and market information presented through more than 145 market data tables and figures spread in 157 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Corrugated Boxes Market Information from 2017 to 2023″
Market Research Analysis
The global corrugated boxes market has been analyzed based on the three segments, namely type, wall construction, application across four geographic regions. Based on type, the market has been segmented as rigid boxes, self-erecting boxes, telescope boxes, slotted boxes and others. In 2016, rigid boxes segment was valued at USD 18,062.7 million. Rigid box is the sturdiest type of corrugated box, providing enough safety for the products in transit. On the basis of wall construction, the corrugated boxes market is bifurcated as single-wall, double-wall and triple-wall. Among these, single-wall accounted for the largest market share of 41.20% in 2016. As, single wall corrugated sheets are cheaply available and are widely used as a shipping case for online merchants.
Based on applications, the market has been segmented as food & beverages, consumer goods, personal care, healthcare, e-commerce and others. The increased demand for processed food products is leading to the increased adoption of the corrugated boxes. Food & Beverages segment accounted for the largest market share of in 2016, and is projected to grow at a CAGR of 4.39% during the forecast period.
Based on regions, the market has been segmented as North America, Europe, Asia-Pacific and Rest of World. Among these, Asia-Pacific is expected to dominate the global corrugated boxes with the share of 49.5% in 2016. The emerging economies like China and India with increasing population are driving the corrugated boxes market in the region. In addition, steady growth in e-commerce business and food & beverage industry in the region offers a potential opportunity for the corrugated boxes market to boom during the forecast period. In Asia-Pacific, china accounted for 23.5% with a market value of USD 7,122.5 million in 2016. The food & beverage and healthcare industries are the fastest growing industries that extensively use corrugated boxes in the country. Europe is the second largest market, which is projected to grow at a CAGR of 3.90% during the forecast period.
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This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global corrugated boxes market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
Table of Contents
1 Executive Summary
2 Research Methodology
2.1 Scope of the Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
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