Corrugated Board Packaging Market Industry Estimated to Rise Profitably With Sealed Air Corporation, Amcor, Cascades, DS Smith SAP Ariba, Mondi Group, Smurfit Kappa, Klabin, International Paper

Corrugated board packaging is an end product that utilizes corrugated fiber board which is made with the help of gluing together flutes with the cardboard paper or a heavy paper. Corrugated board comes in differing strengths and sizes depending upon the requirements of the consumer. In single wall, a single flute is glued with cardboard paper, whereas in double wall ply two flutes are glued together along with a middle or intermediate sheet of paper. In tri-wall ply another sheet of flute and cardboard paper is added thus increasing the overall strength of the packing.

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Market Dynamics:

Global Corrugated Board Packaging Market is expected to rise from its initial estimated value of USD in 2018 to an estimated value of USD 250.98 billion in 2018 to an estimated value of USD 350.14 billion by 2026, registering a CAGR of 4.25% in the forecast period of 2019-2026. This rise in market value can be attributed to the demand for sustainable packaging methods.

Global Corrugated Board Packaging Market Outlook:

• In February 2018, Thai Containers Group Co. Ltd.; joint venture between Rengo Co.Ltd. and SCG PACKAGING announced that they had completed the acquisition of 25% stake in Dyna Packs Co. Ltd. and Orient Containers Co. Ltd. and have been made into wholly owned subsidiaries of Thai Containers Group Co. Ltd.

• In August 2017, Cascades inc. announced that they are planning to construct a new containerboard packaging production plant situated in New Jersey, United States. The investment amounting up to USD 80 million will help expand the total production capacity of corrugated packaging products up to 2.4 billion square feet

Key Players:

Waterman (Box Makers) Ltd., Ariba & Company, Klingele Papierwerke GmbH & Co. KG, Mondi, Smurfit Kappa, Klabin, International Paper, Rengo Co.Ltd., Sealed Air, Georgia-Pacific, NIPPON PAPER INDUSTRIES CO. LTD., Amcor Limited, Cascades inc., DS Smith and SCG PACKAGING.

Competitive Analysis:

Global corrugated board packaging market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of corrugated board packaging market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Global Corrugated board packaging market is segmented into:

• By Type
o Single Faced
o Single Wall
o Twin Wall
o Triple Wall

• By Applications
o Personal & Home Care
o Glassware & Ceramics
o Food & Beverages
o Paper Products
o Textile Goods
o Others

• By End-User
o Food & Beverage
o Electronics & Electrical Industry
o Others

• By Geography
o North America
o South America
o Asia Pacific
o Middle East & Africa

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