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Corrugated and Paperboard Boxes Market 2018 Global Industry Analysis By Mondi, Georgia-Pacific, International Paper, Smurfit Kappa, Graphic Packaging, Cascades, DS Smith, Oji Holding, Nippon Paper, Orora Packaging, WestRock and Others

07-27-2018 06:42 AM CET | Logistics & Transport

Press release from: Market Research Future

Corrugated and Paperboard Boxes

Corrugated and Paperboard Boxes

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.

The global corrugated and paperboard boxes market is expected to grow at a CAGR of about 4% during the forecast period 2017-2023.

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Global Corrugated Paperboard Boxes Market - Overview

The global corrugated paperboard boxes market is growing with the moderate pace; mainly due to rapid growth in electronics and e-commerce sector. The market is expected to continue with the moderate growth trend during the forecast period. Along with the rapid growth in the electronic sector, strong growth in e-commerce, other factor responsible for the growth of the market is growing demand for product safety. However, government regulations for corrugated boxes and adverse effects on the environment, are expected to hinder the growth of the corrugated boxes market.

Today consumer electronics is the top selling category due to increase in the number of online electronics models. The electronics sector is continuously evolving with new developments. This is backed by the internet penetration which has led to the increased online sale of electronics from various internet portals. This rapid growth in the electronic sector is ultimately driving the demand of the corrugated boxes. Furthermore, the continuous growth of e-commerce is fuelling the overall growth of the corrugated paperboard boxes market. The ease of online shopping such as faster delivery, easier return policies, and free shipping, have made many customers switch from the traditional methods of shopping. Also, the demand for protective packaging has augmented the demand for such corrugated boxes. 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. Presently, corrugated boxes are considered common and are a trusted mode of packaging to maintain the quality of the products until they reach their destination.

Key Players:

Below are some of the prominent players at the forefront of competition in the global corrugated paperboard boxes market and are profiled in MRFR Analysis.

• International Paper Company (U.S.)
• WestRock (U.S.)
• Smurfit Kappa Group (Ireland)
• Mondi Group (Austria)
• KapStone Paper and Packaging Corporation (U.S.)
• Orora Packaging Australia Pty Ltd (Australia)
• Europac Group (Spain)
• Georgia-Pacific LLC (U.S.)
• Nefab Group (Sweden)
• Archis Packaging (India)

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Global Corrugated Paperboard Boxes Market - Competitive Analysis

The key players adopted various strategies to retain and/or expand their market share. The key strategies followed by most companies within the global corrugated boxes market were those of expansion and new product development. The strategy of mergers & acquisitions is widely adopted to achieve operational efficiencies. In addition to this, expansion was the next best strategy, with an adoption rate of 28% among the major players. This has enabled them to increase the market share and expand their client base.

WestRock (U.S.) has undergone the many mergers & acquisitions, during the period of 2014-2017. In 2017, WestRock acquired Multi Packaging Solutions for USD 1.39 Billion, for significant opportunities for operational synergies and margin expansion. Similarly Smurfit Kappa (Ireland) focuses on acquisitions to strengthen and diversify geographic reach and to drive earnings. It also expanded its corrugated packaging operations in the U.K.

Georgia-Pacific LLC (U.S.) uses a disciplined approach towards acquisitions that generate attractive cash returns and as a result, it expects to continue to expand and diversify the customer base, expanding the geographic presence and product lines. The company has made three acquisitions, recently, so as to grow its business, globally. For instance, in March, 2016 the company acquired Excel Displays & Packaging.

In addition to this, expansion was the next best strategy, with an adoption rate of 28% among the major players. This has enabled them to increase the market share and expand their client base. For instance, On April 8, 2016, the KapStone Paper and Packaging Corporation (U.S.) approved the plan to expand its geographical footprint into Southern California with a new sheet plant with a total estimated cost of approximately USD 4.0 million.

Orora Packaging (Australia) believes acquisition and integration of dynamic have supported the growth of the company. It has expanded the geographic presence, providing access to high performing assets and presenting opportunities to reduce costs. The new corrugated packaging and cold storage facility that started in Bundaberg, Australia, is one of such attempts.

Global Corrugated Paperboard Boxes Market - Segments

Global Corrugated Paperboard Boxes Market is segmented in to 4 Key dynamics for an easy grasp and enhanced understanding.

Segmentation By Material: Comprises – Paperboard, Adhesives, Inks, Waxes, and others.

Segmentation By Product: Comprises – Corrugated & Solid fibre boxes, Set-up Paperboard boxes, Folding Paperboard boxes, and others

Segmentation By Application: Comprises – Durable goods, Food & beverages, Paper & Publishing, Chemicals, and others

Segmentation By Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World

Global Corrugated Paperboard Boxes Market - Regional Analysis

In global corrugated boxes market, Asia-Pacific is the leading region with the highest market share in 2016. The emerging economies like China and India with increasing population are driving the corrugated boxes market in the region. China is projected to have the largest market share during the forecast period. Steady growth in e-commerce business and food and beverage industry in Asia-Pacific region offers a potential opportunity for the corrugated boxes market to boom during the forecast period.

In China, the food and beverage and the healthcare industries are the fastest growing industries that extensively use corrugated packages. The corrugated Boxes market in the region is also growing with the growth of the processed food sector and the increasing demand for corrugated Boxes by the electrical equipment and machinery manufacturers and suppliers. According to National Bureau of Statistics, China’s e-commerce market size have increased from USD 6287,449 million in 2015 to USD 773,938 million in 2016.

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TABLE OF CONTENT

1 Executive Summary

2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model

3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis

Continues...

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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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