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Corrugated Packaging Market is majorly driven by the growing e-commerce sector | Growth, Trends, and Forecast 2026
Global Corrugated Packaging Market: Market PlayersSome of the leading companies operating in the global corrugated packaging market are DS Smith, U.S Corrugated Inc., Mondi Group, Georgia- Pacific, and Smurfit Kappa Group.
Corrugated packaging products combine cushioning with structural rigidity, providing excellent protection to fragile or heavy contents from damage. Their lightweight and clean nature help lower shipping costs. The high-impact graphics possible on corrugated packaging products help enable improved brand awareness, thus helping improved sales.
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The market is expected to witness an excellent upward growth trajectory over the period between 2018 and 2026, chiefly owing to the massive rise in demand for corrugated packaging boxes in the thriving global e-commerce industry. This report gives a forward-looking perspective of the market, and furnishes qualitative as well as quantitative data pertaining to the key segments of the market.
Global Corrugated Packaging Market: Trends and Opportunities
As mentioned above, the thriving global e-commerce industry is expected to emerge as the leading growth driver for the global corrugated packaging market. Owing to features such as low weight, excellent strength, and recyclability, e-commerce companies are increasingly adopting corrugated packaging products for safe product delivery.
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On the flip side, there are a certain factors that hinder the growth prospects of the market to a certain degree, chief ones being the unsuitability of corrugated material for the packaging of a variety of products and concerns regarding the durability of corrugated packaging products. It is often noted that conventional corrugated packaging products do not withstand harsh indoor and outdoor weather conditions as efficiently as other packaging products, thus posing damage dangers to fragile products or electronic products.
Global Corrugated Packaging Market: Market Segmentation
The report segments the global corrugated packaging market on the basis of criteria such as box type, application, and geography. Based on application, the market has been covered for industries such as food and beverages, automotive, health and hygiene, electronics, consumer goods, and pharmaceuticals.
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Based on the type of box, the market has been covered for varieties such as folding box, slotted box, telescope box, and rigid box. Of these, varieties such as folding and rigid boxes witness high demand across the retail and e-commerce sectors. Thus in parallel to the exponential growth being witnessed by the e-commerce sector globally, these segments are also expected to perform excellently over the forecast period.
Global Corrugated Packaging Market: Regional Outlook
From a geographical standpoint, the report covers the market for corrugated packaging across regions such as Latin America, Europe, Asia Pacific, North America, and Middle East and Africa. Presently, North America and Asia Pacific are the leading regional markets for corrugated packaging products.
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