Corrugated Packaging Market: Global Industry Size, Share, Trends, Growth, Regional Analysis and Segmentation By type (Bliss / Rigid Boxes, Self-Erecting Boxes, Telescope boxes, Slotted boxes, others), Wall Construction (Single-wall, Double-wall, Triple-wall), application (Food & beverages, Electronic goods, Personal care, Pharmaceuticals & healthcare, Others) and Region
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Corrugated Packaging Global Market – Overview
Corrugated Packaging is the king of packaging material of a new era; where ecological concerns are making the news headlines every day. When it comes to protecting goods or fresh produce Corrugated Packaging beats all other packaging materials leaving the competition startled. An extremely durable, versatile, economical and lightweight material, Evaluated for its quality to withstand mechanical stress Corrugated is used for custom-manufactured shipping containers, packaging and point-of-purchase displays, in addition to numerous non-traditional applications ranging from pallets to children’s toys to furniture.
Corrugated with its fluting (arched layer) provides a very high strength to heavy goods as well as to fruit and vegetables, keeping it safe, fresh while maintaining hygiene. Scientific research has proven that corrugated reduces the risk of microbiological contamination compared with reusable plastic crates – prolonging shelf life by up to three days. Made from up to 85% recycled materials, Recyclable Corrugated packaging material is also a great example of the circular economy.
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According to a recent study report published by the Market Research Future, the global market for Corrugated Packaging, maintaining its legacy of humongous growth, is estimated to grow further with a rapid pace with a substantial CAGR during the forecast period.
The rising population and growing per capita income are the major growth driver for this market. Along with this the growing applications segment such as food & beverages, personal care, Pharmaceuticals & healthcare, paper industry, electronic goods have contributed a major role in the overall market growth. Corrugated Packaging is one of the most preferred packaging for small, medium and large sized products which in turn has increased the demand across the globe. Growing ecommerce industry has become the major trend in the global corrugated packaging market. Banning of plastic packaging has become the major reason for the rising demand of corrugated packaging market. Apart from this, government initiatives of promoting ecofriendly packaging materials and initiatives from CPA (The Corrugated Packaging Alliance which is a corrugated industry initiative, with the mission to promote Corrugated Packaging is providing an added impetus to the growth of global Corrugated Packaging Market.
Corrugated Packaging Global Market – Key Players
Major players having a strong presence in the international and regional market adorn the global Corrugated Packaging market as highly competitive and fragmented. These key players compete on the basis of product differentiation, portfolio, and pricing. To gain the competitive edge and to maintain their market positions a number of Key players are adopting the strategic trend of business expansion in the emerging markets. Market is anticipated to witness a fierce competition.
The leading market players in the global corrugated packaging market primarily include Mondi, Smurfit Kappa, Roch-Tenn, Archis Packaging, Carter Holt Harvey, Dunapack Packaging, Induspac, Europac Group’s Packaging Division, U.S. Corrugated, RockWest Company and others.
Recent Industry News
March 23, 2018 – Electronics For Imaging (US) a leading global provider for digital printing technology showcased its new technologies for corrugated packaging at 2018 iCorrugated Asia Expo, being held between 21 March and 23 in China. Showcased technologies included C18000 Single-Pass, Escada Corrugator Control; Direct-To-Corrugated LED inkjet corrugated packaging press and Closed-Loop Process Control Software Technologies.
March 20, 2018 – ExxonMobil (Germany) launched its new synthetic lubricant – Mobil SHC™ Grease 462 PF for corrugating machines. The innovation delivers superior bearing protection for corrugator rollers operating at extreme temperatures as 240˚C and in humidity.
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Corrugated Packaging Global Market – Segmentation
Corrugated Packaging Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Types : Consisting Slotted boxes, Telescope boxes, Self-Erecting Boxes / Auto-Bottom Boxes, Bliss / Rigid Boxes & others.
Segmentation By Applications : Consisting Food & Beverages, Personal Care, Pharmaceuticals & Healthcare, Paper Industry, Electronic Goods and others.
Segmentation By Wall Construction: Consisting Single-wall corrugated sheet, Double-wall corrugated packaging and Triple-wall corrugated packaging.
Segmentation By Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Corrugated Packaging Global Market – Geographical Analysis
North America market in 2016, dominated the global Corrugated Packaging Market with 33.4% share. The region is further expected to grow at 5.69% CAGR during the review period. This growth of the region attributes to the burgeoning e-commerce industry fueled by the increasing cross-border trade and huge demand for online shopping.
On the other hand, Asia-Pacific region, emerging as the fastest growing market of Corrugated Packaging registered 6.39% of a CAGR in 2016. Growing with the lucrative opportunities in packaging industry and growing ecommerce industry in the region, APAC is expected to register a fabulous CAGR during the forecast period.
Target Audience
• Corrugated packaging producers
• Traders and distributors
• Association and government bodies.
• Application industries
• Research institute
Scope Of Report
The report for Global Corrugated Packaging Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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Source: MarketersMedia
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