The corrugated boxes market is anticipated to record a CAGR of 4.5% over the forecast period :Top keyplayers are Smurfit Kappa Group Plc, International Paper Company, Georgia Pacific LLC, Oji Holdings Corporation, DS Smith Packaging Limited, Stora Enso, M

Introduction to Corrugated Boxes Market

Corrugated boxes are environment friendly packaging materials. The corrugated boxes are light weight and protects the packaged products from damage. The corrugated boxes have high application in packaging industry. The packaging industry are using corrugated boxes owing to the increasing demand for protecting packaged products.

Market Size and Forecast

The global corrugated boxes market is expected to witness significant growth on account of increasing e-commerce industry coupled with rising demand for online shopping, thereby driving the demand for corrugated boxes. Additionally, the rising disposable income of the population in various countries is driving the corrugated boxes market during the forecast period.

Request For Free Sample@ https://www.kennethresearch.com/sample-request-10076397

share of ecommerce in regional GDP

According to United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), in 2015 the share of e-commerce in regional GDP is 4.5% in Asia Pacific, 2.6% in Europe, 3.1% in North America and 0.8% in Latin America. This is expected to drive the corrugated boxes market during the forecast period. The corrugated boxes market is anticipated to record a CAGR of 4.5% over the forecast period. The Corrugated boxes market is expected to reach a value of USD 156 billion at the end of the forecast period.

Growth Drivers

Rising Online Shopping

Increasing urbanized population coupled with the rising demand for online shopping is driving the corrugated boxes market. The rising disposable income and rapidly expanding E-commerce industry is expected to boost the market growth of corrugated boxes during the forecast period. Additionally, rising purchase of food and beverage and electronics products through

Widespread Application by Electronics Industry

The rising demand for the electronic goods is expected to propel the market growth of corrugated boxes during the forecast period. Additionally, rapidly expanding e-commerce industry is facilitating the corrugated boxes market. Additionally, the rising population coupled with increasing per capita income is expected to propel the corrugated boxes market.

Restraints

High Cost

The fluctuating cost of the raw materials for corrugated boxes coupled with high cost associated with corrugated boxes is expected to restraint the growth of corrugated boxes market during the forecast period.

Market Segmentation

Our-in depth analysis of the global corrugated boxes market includes the following segments:

By Types

Folder Boxes
Telescope Boxes
Rigid Boxes
Slotted Boxes
By Material Type

Linerboard
Medium
Other
By End Use Industries

Food & Beverages
Electrical & Electronics
E-Commerce Industries
Others

Buy Now@ https://www.kennethresearch.com/report-purchase-id-10076397

By Region

On the basis of regional analysis, global corrugated boxes market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

North America is expected to be dominating region for the corrugated boxes market during the forecast period. The rising industrialization coupled with expansion of various manufacturing industries in the region is driving the growth of the corrugated boxes market. Additionally, the growing electronics industry in the region coupled with high application of packaging is expected to drive the corrugated boxes market over the forecast period.

Asia Pacific is expected to grow with highest CAGR during the forecast period owing to rapidly expanding e-commerce industry in the region. Additionally, the rising demand for the corrugated boxes from various industries coupled with increasing disposable income of population in Asia Pacific region is expected to drive the corrugated boxes market during the forecast period.

Global corrugated boxes market is further classified on the basis of region as follows:

North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Key Players

WestRock Company, Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis, Smurfit Kappa Group Plc, International Paper Company, Georgia Pacific LLC, Oji Holdings Corporation, DS Smith Packaging Limited, Stora Enso, Mondi Group Plc, Tat Seng Packaging Group Ltd.

Read More@ https://www.kennethresearch.com/report-details/corrugated-boxes-market/10076397

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us

1412 Broadway,
21st Floor Suite MA111,
New York, NY 10018

Name:David
Email:sales@kennethresearch.com
Phone: +1 313 462 0609

This release was published on openPR.