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Corrugated Packaging Market: Dynamics, Segmentation, Regional Outlook and Market Players 2024

03-23-2017 04:10 PM CET | IT, New Media & Software

Press release from: TMR - Research Reports

Corrugated Packaging Market

Corrugated Packaging Market

Product packaging is an essential part of a product life cycle. Consumers’ need for convenient, light weight product packaging has driven the packaging industry to manufacture organized paperboard product packaging solutions with the aim to meet the consumer demands and tap the organized retail industry.

The ongoing penetration of e-commerce and retail industry boom have resulted in the increased manufacture of innovative corrugated packaging solutions that contribute significantly to the global corrugated packaging market. Corrugated packaging materials are manufactured from recyclable card board boxes that are eco-friendly.

Corrugated packaging market is expected to grow significantly owing to the rapid development of manufacturing sector during the forecast period.

Corrugated Packaging Market: Market Dynamics

Growth of processed food industry owing to increasing consumer demand have resulted into a growth of corrugated packaging market. Corrugated packaging market is majorly driven by the growing e-commerce business. Changing consumer lifestyle patterns have boosted up the growth of e-commerce business wherein, the manufacturers have widely adopted the use of corrugated packaging to ensure safe product delivery, thereby escalating the growth of global corrugated packaging market.

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Moreover, the organized retailing have a significant contribution to the increasing demand for global corrugated packaging market. The need for preserving the product shelf life, retailers store products in corrugated boxes thereby fueling up the demand for corrugate packaging market.

However, corrugated packaging market witnesses few restraints that hinders the market growth. The major drawback of corrugated packaging is its durability factor. Corrugated packaging is incapable of withstanding harsh indoor and outdoor conditions and might cause damage to delicate products such as electronics, or fragile products made of glass and others.

Corrugated Packaging Market: Regional Outlook

Regional coverage for corrugated packaging market includes North America, Latin America, Europe, Asia Pacific and China (APAC) and Middle East and Africa (MEA). North America accounts for a higher market share in corrugated packaging market as compared to other regions owing to the prominence of e-commerce business and retail sector, followed by Latin America and Europe which contributes significantly to the global corrugated packaging market growth.

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Steady growth in e-commerce business and food and beverage industry in APAC offers a potential opportunity for the corrugated packaging market to boom during the forecast period. MEA region is expected to grow significantly in terms of global corrugated packaging market.

Corrugated Packaging Market: Market Players

Players operating in the global corrugated packaging market include U.S Corrugated Inc., Georgia- Pacific, Smurfit Kappa Group, DS Smith, Mondi Group and others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

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