India Corrugated Box Market is expected to reach over INR 63,000 Crore by FY’2023: Ken Research
• Increasing demand from fresh food and beverages, home & personal care goods, electronic goods industries will increase the reach of end users towards corrugated box manufacturers.
• Increasing the demand of safe and cushioned packaging of the product will augment the growth of India Corrugated box market.
• Rise in procurement of latest technology machines from China, Taiwan and other Asian countries by manufacturers in order to make production fast and accurate will also drive the future of India corrugated box industry
The growth in use of internet for shopping, stimulated by the growing use of smart phones as well as the increasing proportion of tech-savvy consumers, has a positive effect on corrugated demand, since it has direct influence on e-commerce market. Retail ready packaging is also increasing driven by the influence of supermarkets over the retail landscape and supported by their growing share of the retail market will also drive the corrugated box market in future. Inline Automatic board and box making plants will ease out the present semi automatic production processes and deployment of folder gluers, rotary die-cutters will grow in the future. Advances in multicolor, flexo printing will facilitate in-house flexo printing, do away with screen printing and contract printing on offset presses.
The trend of colored corrugated boxes has been on the rise. Several organized retailers are using colored and die-cut corrugated boxes for display and promotional purposes in their shops. These types of boxes are mainly used in order to attract customer’s attention as these boxes are very eye catching.
Analysts at Ken Research in their latest publication “India Corrugated Box Market Outlook to 2023 – by Ply/Box Type (3ply, 5ply, 7ply and 9ply), by End User (FMCG, Automotive, Textile, Electronics & Appliances and Others), by Slotted, Die-Cue Box and Others” believe that promoting better regulations, procurement of automatic and updated technology machines from different countries and improved marketing strategies followed by companies will aid the corrugated box market.
India corrugated box market is expected to register positive CAGR of around 21.8% during the period FY’2018-FY’2023. Use of corrugated for display/promotional packs, POPs and dispensers and the emergence of E-commerce industries are expected to have positive impact on the overall revenue of corrugated box market.
For more information, refer to below link:
Horizon Packs Pvt. Ltd, Worth Peripherals Ltd., TGI Packaging Pvt. Ltd., OJI India Packaging Pvt. Ltd., Jayaraj Fortune Packaging Pvt. Ltd., Supack Industries Pvt. Ltd., BL Containers Pvt. Ltd., Chaitanya Packaging Pvt. Ltd., CEL Packaging, Wadpack Pvt. Ltd., Hariwansh Packaging Pvt. Ltd., CJ Corporation and Paper Containers India Pvt. Ltd.
The paper board packaging market will record revenue of USD 66 Billion by 2020 due to more players entering the market, expansion of e-commerce sector in the country, increasing demand of personal care & health care products.
The paper packaging industry is largely comprised of unorganized players. There are a few large players such as TCPL, ITC, Parksons Packaging, and others.
The future prospects of India Recycling PET Industry are impressive on the groundwork of an increase in disposable income fueled by growth in youth population that marked an increase in the availability of post consumer recycled PET waste bottles
Ankur Gupta, Head Marketing & Communications
Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India
Ken Research is a Global aggregator and publisher of Market intelligence, equity and economy reports. We provides business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies.
This release was published on openPR.
Permanent link to this press release:
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 India Corrugated Box Market is expected to reach over INR 63,000 Crore by FY’2023: Ken Research here
News-ID: 1897732 • Views: 6176
More Releases from Ken Research
Global PVC Stabilizers Market, Industry Analysis 2021 to 2027, Size, Share, Tren …
According to the report analysis, ‘Global PVC Stabilizers Market 2020-2030 by Product Type (Lead, Organic, Calcium, Tin, Barium, Liquid Mixed Metal), Function (Heat, Light, Antioxidant, Antiozonant), Application (Pipes, Window Profiles, Film, Cables, Flooring), Industry Vertical (Construction, Packaging, E&E, Automotive), and Region: Trend Forecast and Growth Opportunity’ states that the global PVC stabilizers market is predicted to grow during the review duration owing to the significant growth in demand for PVC
Global Low Speed Electric Vehicle (LSEV) Market Research Reports, Scope, Analysi …
According to our market analysis, Global Low Speed Electric Vehicle (LSEV) Market 2020-2030 by Product (Two-wheelers, Three-wheelers, Four-wheelers), Voltage, Battery, Vehicle Type, End User, and Region: Trend Forecast and Growth Opportunity. will reach USD 22.35 billion by 2030, growing by 12.3% annually over 2020-2030 owing to stringent environmental regulations, improvement in electric vehicle R&D, advanced battery technology, and government subsidies. Highlighted with 84 tables and 89 figures, this 181-page report Global
Global Agricultural Biologicals Market Research Report, Size, Share, Demand, Rev …
According to our market research analysis, Global Agricultural Biologicals Market 2020-2030 by Function (Biopesticides, Biostimulants, Biofertilizers), Product Type (Microbials, Macrobials, Semiochemicals, Natural Products), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others), Application (Foliar Spray, Seed Treatment, Soil Treatment, Others), and Region: Trend Forecast and Growth Opportunity. will reach USD 22.63 billion by 2030, growing by 12.6% annually over 2020-2030 owing to the burgeoning demand for food
Global Agricultural Biotechnology Market Research Report, Size, Share, Demand, a …
Agricultural biotechnology referred as the evolution of farming & cropping by advanced technology of genome sciences, genetic engineering, plant grafting and molecular breeding of plants. Biotechnology apparatuses are accomplishing remarkable response across various agricultural applications and generally provide a complete agricultural biotechnology market. Increasing production and breeding of transgenic crops due to growing consumer demand for food is contributing to the growth of agricultural biotechnology market. The implementation of biotechnological
More Releases for Pvt
Ray Business Technologies Pvt, Ltd
Raybiztech has developed the Editable Image component for developers to select the image and required properties for comprehensive website development or campaign management. The widget has been published in the Kentico marketplace. The widget offers a great deal of flexibility for adding desirable attributes such as Alt Text, redirection link, and dimensions to the Editable Image Widget. This will enable marketers to enable better customer experience and improved results of
WiseGuyResearch Consultants Pvt Ltd
WiseGuyReports.Com Publish a New Market Research Report On –“ High-speed Data Card Market 2019 Global Analysis By Key Players – Apacer Technology, Duracell, Delkin Devices, Kingston Technology, Lexar Media, MagicRAM”. High-speed Data Card Industry 2019 Description:- The High-speed Data Card industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, High-speed Data Card market size to maintain the average annual growth rate of XXX
Contrive Datum Insights Pvt. Ltd.
This study report on global Consulting Services Market throws light on the crucial trends and dynamics impacting the development of the market, including the restraints, drivers, and opportunities. The report talks about the competitive environment prevailing in the Consulting Services market worldwide. The report lists the key players in the market and also provides insightful information about them such as their business overview, product segmentation, and revenue segmentation. For Sample Copy
Meedarsh Solutions Pvt. Ltd.
We provide end to end solutions for your event requirements. With a dedicated team of professionals, successfully designing, planning and managing various corporate and social events. Offering a wide gamut of services we ensure, we work in close coordination with our clients to meet their expectations, at the best cost and within the targeted time limit. We have pushed all areas of event management to new frontiers Explore Sample Request at:
WISEGUY RESEARCH CONSULTANTS PVT LTD
WiseGuyReports published new report, titled “Q3 2017 Long-Term LNG Contracts Review” Summary In Q3 2017, the biggest long-term LNG contract was signed between Anadarko Petroleum Corporation and PTT Public Company Limited for supply of 2.6 mtpa of LNG. The contracted LNG will be supplied from Mozambique to Thailand for a period of 20 years, starting from 2022 by Anadarko Petroleum Corporation. Other key seller companies to sign contracts in the quarter include
WiseGuy Research Consultants Pvt. Ltd.
WiseGuyReports.Com Publish a New Market Research Report On - “Batting Gloves Market 2017 Global key Players – Franklin, Under Armour, Nike, Mizuno, Rawlings Analysis and Forecast to 2022”. This report, with focus on top players in the global and Japan, studies the Batting Gloves market's development status and future trend in the global and Japan. It splits Batting Gloves market by type and by applications to fully and deeply research and