Corrugated Board Packaging Market 2021 Insights and Business Growth Analysis- International Paper Company, Nippon Paper Industries Ltd, Georgia-Pacific LLC, Rengo Co

The report presents an in-depth assessment of the Corrugated Board Packaging Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Corrugated Board Packaging from 2021 till 2025. The report covers the pre COVID-19 historic data, impact of COVID-19 and post-COVID-19 (Corona Virus) impact on various regions and major countries and on the future development of the industry is pointed out.

The corrugated board packaging market was valued at USD 262.61billion in 2019, and it is expected to reach USD 339.95 billion by 2025, recording a CAGR of 4.41%, during the forecast period of 2020-2025.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Corrugated Board Packaging Market: Klingele Papierwerke GmbH & Co.ÊKG, Mondi Group, Smurfit Kappa Group, DS Smith PLC, Klabin SA, International Paper Company, Nippon Paper Industries Ltd, Georgia-Pacific LLC, Rengo Co. Ltd, Sealed Air Corporation, Cascades Inc., WestRock Company, Oji Holdings Corporation, Packaging Corporation of America and others.

Market Overview:

According to a report by Asia Pulp and Papers (APP) 2017 Paper & Packaging Consumer Trends, compared to five years ago, the sustainability of paper-based packaging today is much more important to almost half of the consumers (50%). Rising consumer consciousness and rising concerns by regulatory bodies regarding sustainable packaging and the cost benefits associated are encouraging the use of environment-friendly packaging products, and is driving the growth of the corrugated board packaging market. For instance, Singapores National Environment Agency (NEA) in July 2016 announced that it would introduce mandatory requirements for companies to adopt sustainable materials in packaging to reduce packaging waste in the next 3-5 years.
- Also, corrugated packaging comprises 88% of recycled content with the additional fresh fibers coming from sustainably managed forests, it is harmless rather than catastrophic. Moreover, if a corrugated box ends up in the ocean, it will be degraded within two months. Prominent e-commerce companies such as Amazon are moving towards corrugated board packaging for e-commerce packaging as it helps in controlling costs apart from offering an environment-friendly option.

Scope of the Report
Corrugated board packaging is a versatile and cost-efficient method to protect, preserve, and transport a wide range of products. Attributes such as light weight, biodegradability, and recyclability, are the advantages of this packaging that make them an essential component in todays modern life.
The market has been segmented by End-user Industry (Processed Foods, Fresh Food and Produce, Beverages, Paper Products, Electrical Products), and Region.

Regional Analysis For Corrugated Board Packaging Market:

North America (The United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Market Key Trends:

Processed Food Segment Expected to occupy Significant Market Share
The demand for convenience foods is on the rise due to the busy lifestyle of people. Hence, processed food, which has a quick cooking time, attracts many consumers. The increasing population also drives the demand for processed food, which is convenient as well as healthy. According to the Bureau of Labor Statistics, the number of employed women in the United States alone has grown from 53.6 million in 1990 to 71.9 million in 2017. These factors are increasing the need to provide high-quality packaged and processed foods to customers.
- As corrugated board packaging keeps moisture away from products and can withstand long shipping times, corrugated board packaging is increasingly being adopted by companies to offer better outcomes to customers, especially as a means of secondary or tertiary packaging.
- Further, innovations in the domain are expanding the scope of applications for corrugated cardboard packaging. Companies such as THIMM Group developed COOLandFREEZE, a box made up of corrugated cardboard for temperature-controlled shipping that enables the joint transport of frozen, chilled and non-refrigerated products within one package.
- This innovative packaging ensures effective insulation and the constant refrigeration of fresh products over a period of at least 36 hours. As this corrugated cardboard packaging is a more sustainable alternative to polystyrene or plastic shipping solutions, the demand for this market is expected to rise rapidly over the forecast period.

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Corrugated Board Packaging Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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