openPR Logo
Press release

Corrugated Boxes Market Insights | Key players : Mondi Group Plc, International Paper Company, WestRock Company, DS Smith Plc, Smurfit Kappa Group & Rengo Co. Ltd.

11-28-2018 07:37 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets.com

/ PR Agency: MNM
Corrugated Boxes Market Insights | Key players : Mondi Group Plc,

The corrugated boxes market is growing rapidly in accordance with the growth in the packaging market globally. Factors such as rising demand for sustainable packaging, growing demand in logistics, and growing food & beverage packaging products have contributed majorly to the growth of the corrugated boxes market.

Download FREE PDF Sample Report at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=123154454

The corrugated boxes market is classified on the basis of its type, material, printing technology, printing ink, end-use industry, and region. It has experienced continuous progress with regard to technological advances and innovations in the packaging industry. According to MarketsandMarkets, the global market for corrugated boxes, in terms of value, was valued at USD 63.29 billion in 2016 and is projected to reach USD 76.76 billion by 2021, at an estimated CAGR of 3.94%.

The growth of the corrugated boxes was largely influenced by mergers & acquisitions and partnerships, agreements, joint ventures, and contracts, in the past five years. The year 2015 experienced a large number of mergers & acquisitions by top players in the market. Partnerships, agreements, joint ventures, and contracts also formed an essential part of their strategies, which led to the growth of the companies in emerging markets. The major players include companies such as Mondi Plc (South Africa), International Paper Company (U.S.), WestRock Company (U.S.), DS Smith Plc (U.K.), Smurfit Kappa Group (Ireland), and Rengo Co. Ltd. (Japan).

Request for Sample of this Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=123154454

Mondi Plc (South Africa) held the leading position in the global corrugated boxes market. The company has maintained its leadership position through its strong distribution network across Europe, Americas, and emerging markets. Mondi Plc is among the leading manufacturers of corrugated boxes for many of the markets it serves. It has adopted mergers & acquisitions as strategies to capture the market. In November 2015, Mondi Group Plc acquired KSP Co. (South Korea), a packaging company serving the food & beverages industry. This acquisition supported Mondi’s consumer packaging business in the Asian region. It also helped Mondi to strengthen its business portfolio and increase its business revenue and customer base.

Rengo Co. Ltd. (Japan) is a global manufacturer of packaging materials and equipment. They manufacture and deliver a broad range of corrugated board, corrugated boxes, folding cartons and other paper products. The overseas business segment handles overseas operations of the paperboard, corrugated boxes, flexible packaging, and heavy duty packaging products. Rengo Co. Ltd. has adopted mergers & acquisitions to gain a competitive advantage in the market.

The global market for corrugated boxes, in terms of value, was valued at USD 63.29 billion in 2016 and is projected to reach USD 76.76 billion by 2021, at an estimated CAGR of 3.94%. The corrugated boxes market is growing rapidly in accordance with the growth in the packaging market globally. Factors such as rising demand for sustainable packaging, growing demand in logistics, and growing food & beverage packaging products have contributed majorly to the growth of the corrugated boxes market. The corrugated boxes market is classified on the basis of its type, material, printing technology, priniting ink, end-use industry, and region.

High growth potential in emerging markets of Asia-Pacific is expected to provide new growth opportunities to players in the corrugated boxes market. In 2015, the Asia-pacific region accounted for the largest share in the global corrugated boxes market, with China being the fastest-growing market in this region. Developing countries such as China and India are projected to be emerging markets, making Asia-Pacific the highest growing in the corrugated boxes market. These emerging economies focus on adopting the latest technologies and manufacturing processes in various industrial segments. The growth of the corrugated boxes market in this region is driven by factors such as the growing food and beverage industry, the rise in demand for electronic goods, and home & personal care products, budding trend of convenient packaging, and economic development.

The food & beverage segment is estimated to be the fastest growing segment in the corrugated boxes market, on the basis of end-use industry and this trend is projected to continue during the forecast period. Growing awareness among the consumers about the sustainable products has led to an increase in the global demand of corrugated boxes as they provide environmental friendly packaging solutions at competitive prices.

The water-based ink segment is estimated to be the fastest growing segment in the corrugated boxes market, on the basis of printing inks. These inks offer better performance, low printing cost, and less damage to the environment. Also water-based inks have a rapid drying rate which helps in rapid printing and reducing production time. And hence water-based inks are gaining traction in the corrugated boxes market.

The slotted boxes segment is estimated to be the fastest growing segment in the corrugated boxes market, on the basis of type and this trend is projected to continue during the forecast period. Slotted boxes are ideal for shipping a variety of products such as cups, mugs, and books among others. Also they generate minimal waste during its manufacturing process, thus making them environmental friendly.

Read More Context at https://www.marketsandmarkets.com/Market-Reports/corrugated-boxes-market-123154454.html

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

630 Dundee Road
Suite 430
Northbrook, IL 60062

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Corrugated Boxes Market Insights | Key players : Mondi Group Plc, International Paper Company, WestRock Company, DS Smith Plc, Smurfit Kappa Group & Rengo Co. Ltd. here

News-ID: 1403748 • Views:

More Releases from MarketsandMarkets.com

Medical Robots Market Worth $33.8 billion | MarketsandMarkets™
Medical Robots Market Worth $33.8 billion | MarketsandMarkets™
Medical Robots Market in terms of revenue was estimated to be worth $16.0 billion in 2024 and is poised to reach $33.8 billion by 2029, growing at a CAGR of 16.1% from 2024 to 2029 according to a new report by MarketsandMarkets™. The growth in the medical robots market is driven by the aging population and rising chronic diseases, improving reimbursement scenario, and subsequent advancements in healthcare funding & infrastructure.
Concrete Surface Retarders Market worth $89.4 million by 2023 : Major Players are Sika (Switzerland), BASF (Germany), MAPEI (Italy), GCP Applied Technologies (US), CEMEX (Mexico), W. R. Meadows (US)
Concrete Surface Retarders Market worth $89.4 million by 2023 : Major Players ar …
The report "Concrete Surface Retarders Market by Raw Material (Organic Agents and Inorganic Agents), Type (Water-based and Solvent-based), Application (Residential and Commercial), and Region (North America, Europe, Asia Pacific) - Global Forecast to 2023", The concrete surface retarders market is projected to grow from USD 72.7 million in 2018 to USD 89.4 million by 2023, at a CAGR of 4.2% between 2018 and 2023. Increase in urban population, demand for
Precast Concrete Market worth $174.1 billion by 2025 | Major Players are Lafarge …
The report "Precast Concrete Market by Element (Columns & Beams, Floors & Roofs, Girders, Walls & Barriers, Utility Vaults, Pipes, Paving Slabs), Construction Type, End-use Sector (Residential, Non-residential) - Global Forecast to 2025" The global precast concrete market size is projected to grow from USD 130.6 billion in 2020 to USD 174.1 billion by 2025, at a CAGR of 5.9% from 2020 to 2025. The market is projected to grow
Fire Stopping Materials Market worth $2.4 billion by 2026 : Major Players are Hi …
The report "Fire Stopping Materials Market by Type (Sealants, Mortar, Boards, Putty &Putty Pads, Cast-in Devices), by Application (Electrical, Mechanical, Plumbing), End-Use (Commercial, Industrial & Residential), and Region - Global Forecast to 2026" MarketsandMarkets: The fire stopping materials market is projected to reach USD 2.4 billion by 2026, at a CAGR of 11.6% from USD 1.4 billion in 2021. Fire stopping is a fire protection system for sealings of any

All 5 Releases


More Releases for Mondi

Stand-up Pouches Market Is Booming Worldwide | Amcor, ProAmpac, Mondi
Global Stand-up Pouches Market Report from Archive Market Research (AMR) highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, player's market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions
Wood Packaging Market is Booming Worldwide | Brambles, Greif, Mondi, Palcon
Latest Research Study on Global Wood Packaging Market published by AMA, offers a detailed overview of the factors influencing the global business scope. Global Wood Packaging Market research report shows the latest market insights with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors, Challenges and Current Scenario Analysis of the Global Wood Packaging. Key statistics are
Variable Data Printing Market Trends 2028 | Mondi, HP Development Company
Global Variable Data Printing Market: Overview Variable data printing gives serialized number and personalized information printing along with improved quality. It needs less time to print and has lower price. Variable data printing is utilized in several end use sectors. The market is expected to pick up a good pace in coming years, due to advancement in technology. Based on application, the global variable data printing market is segmented as food and
Display Packaging Market Massive Growth | DS Smith, International Paper, Mondi
The qualitative research study conducted by HTF MI titled “Global Display Packaging Market Size, Status and Forecast 2025” provides primary Data, surveys, Scope of the Product and vendor briefings. The market dynamic forces have been determined after conducting a detailed study of the Global Display Packagingmarket. The study provides forecasts for Display Packaging investments till 2022. If you are involved in the Display Packaging industry or intend to be, then
BOPA Laminating Film Market 2016-2017 : COSMO, FLEX, DEPROSA, Mondi
BOPA Laminating Film Market A market study ” Global BOPA Laminating Film Market ” examines the performance of the BOPA Laminating Film market 2017. It encloses an in-depth Research of the BOPA Laminating Film market state and the competitive landscape globally. This report analyzes the potential of BOPA Laminating Film market in the present and the future prospects from various angles in detail. The Global BOPA Laminating Film Market 2016-2017
Global Pet Care Packaging Market: Key vendors - Amcor, Bemis, Mondi
Latest industry research report on: Global Pet Care Packaging Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts Pet care packaging products are designed for the packaging applications of pet food items, medical suppliers, and grooming products. The products used for pet care packaging include bags, pouches, plastic bottles, metal cans, folding cartons, and other packaging solutions. The growing use of flexible packaging products for pet