Corrugated and Paperboard Boxes Market Research Report – Forecast to 2023
The use of corrugated and paperboard boxes packaging for small, medium and large-sized products is motivating the market. Reports that investigate the packaging and transport industry have been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market is estimated to observe a CAGR of 4 % in the forecast period.
The thriving e-commerce industry has further encouraged the growth of the corrugated and paperboard boxes market. The prohibition on the plastic packaging increased which is favoring the demand for corrugated and paperboard boxes in the upcoming period. The speedy growth in the electronics sector is anticipated to spur the enhancement of the corrugated and paperboard boxes market in the upcoming forecast period.
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The segmentation of the corrugated and paperboard boxes market is conducted on the basis of product, application, material, and region. The segmentation of the corrugated and paperboard boxes market on the basis of material comprises of adhesives, inks, paperboard, waxes, and others. On the basis of product, the corrugated and paperboard boxes market is segmented into set-up paperboard boxes, folding paperboard boxes, corrugated & solid fiber boxes, and others. The application basis of segmenting the corrugated and paperboard boxes consists of food & beverages, durable goods, paper & publishing, chemicals, and others. On the basis of regions, the corrugated and paperboard boxes market is segmented into North America, Europe, Asia Pacific, and others.
Detailed Regional Analysis
The regional evaluation of the corrugated and paperboard boxes market is spanned across North America, Europe, Asia Pacific and Rest of the World. The Asia Pacific dominated the corrugated and paperboard boxes market in 2016 and is estimated to observe an impressive development over the forecast period. The region is anticipated to display a speedy growth in the food & beverages and e-commerce sectors leading to the swift growth in demand for corrugated and paperboard boxes. The North American region also holds a remarkable portion of the corrugated and paperboard boxes market owing to the growing food & beverages and electronics industry. The European region is projected to observe a stable growth over the forecast period due to the growth of substitute packaging methods in several European economies.
The transformation in the economies of various developing nations around the world is estimated to reinforce the market progress outlook in the forecast period. The optimistic synchronization achieved in the factors that encourage market growth has increased substantially. The upgrades seen in the raw materials utilized by the market are expected to motivate market progress in the coming years. The market is presently undergoing a phase of meteoric developments. The recalibration of the supply chains to incorporate leanness and efficiency is expected to intensify consumer satisfaction, further adding to the future expansion in the market. The availability of better production facilities in a strategic location is helping the competitors to offer better product experiences. The revitalization of capital venture inflow is expected to add strength to the market’s boom in the forecast period. The establishment of constructive trade policies by quite a few nations is expected to transform the market’s growth potential.
The central contenders in the corrugated and paperboard boxes market are Georgia-Pacific Corporation (U.S.), International Paper Company (U.S.), Mondi Group (Austria), Smurfit Kappa Group (Ireland), Cascades Inc. (Canada), DS Smith Plc (U.K.), Klabin S.A.(Brazil), Graphic Packaging International, Inc. (U.S.), Oji Holding Corporation (Japan), Packaging Corporation of America (U.S.), Nine Dragons Paper(Holding) Limited (China), Orora Packaging Australia Pty Ltd (Australia), Nippon Paper Industries Co. Ltd (Japan), Rengo Co., Ltd. (Japan), and WestRock (U.S.)
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Global Corrugated and Paperboard Boxes Market Report by Material (Paperboard, Adhesives, Inks, Waxes) by Product (Corrugated & Solid fiber boxes, Set-up Paperboard boxes, Folding Paperboard boxes) by Application (Durable goods, Food & Beverages, Paper & Publishing, Chemicals) and by Region – Global Forecast to 2023
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