Why is Corrugated Wrap around Market witnessing Significant Demand in the Global Market During 2018 - 2028
Corrugated wrap around are suitable for automatic production lines, they are also known as wraps. In manufacturing of such boxes, a die cut packaging is formed around the corrugated packaging. These packaging ensure strength and protect products such as tetra pack, bottles or gable tops. Corrugated wrap around provides secure positioning and tightness, act as an ideal solution for contents that required limited vertical compression strength. They are made up of either corrugated board, and provide more cost effective solution than a regular boxes. These boxes can be customizable as per the requirements. Corrugated wrap around is an effective solution for retail industry.
Corrugated wrap around market scenario:
Corrugated wrap around can reduce the amount of corrugated board used by up to 25%-30%. In addition, it provides savings in warehouse space and lower handling cost. Corrugated wrap around are used for the packaging of bottles, cans, jars and various other products. Tightly wrapped cases enhance stacking capacity and help reduce damage caused by goods and products shifting during handling and shipping. For additional strength, partitions can be inserted into the corrugated wrap around. They are increasingly present in retail ready environment. Also, they provide good printability, so they be used as an effective solution for branding and promotion of products.
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Corrugated wrap around cases are manufactured with tear strips so they can be transformed from a pack to a point of sale displays in very less time. These cases increase productivity of automated packaging lines compared to regular corrugated boxes. Although online shopping cuts out in-store experience, retailers and brands owners are using corrugated packaging to find new ways to give customers a different shopping experience. These factors are expected to drive the growth of corrugated wrap around market during the forecast period.
Companies operating in the corrugated wrap around market:
Tier 1 Companies, revenue above US$ 15 Mn: Mondi Group,Smurfit Kappa,DS Smith,Georgia-Pacific LLC,International Paper Co.
Tier 2 Companies, revenue between US$ 10 Mn to US$ 15 Mn: GWP Group,WestRock Company,Packaging Corporation of America,Easternpak Corrugated Packaging,Unipakline,Planet Paper Box Group Inc.,Green Bay Packaging Inc.
Tier 3 Companies, revenue below 5 Mn: Ragi Packaging Services Pty Ltd,Acme Box Co. Inc.,Levine & Sons Corrugated Boxes & Packaging Corp,American Box Company,Great Southern Industries, Inc.,CBS Packaging,DE Tech Packaging,Sigilla srl
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The corrugated wrap around is expected to expand on the backdrop of increasing retail ready packaging. In addition to that, corrugated wrap around saves lots of space compared to wooden boxes and also provides good printability. It cuts packaging cost to some extent. These factors are anticipated to drive the global corrugated wrap around market over the forecast period.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights : Detailed overview of parent market,Changing market dynamics in the industry,In-depth market segmentation,Historical, current and projected market size in terms of volume and value,Recent industry trends and developments,Competitive landscape,Strategies of key players and products offered,Potential and niche segments, geographical regions exhibiting promising growth,A neutral perspective on market performance,Must-have information for market players to sustain and enhance their market footprint.
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