Press release
Asia-Pacific region is expected to be the fastest-growing market for Corrugated Board | Georgia-Pacific LLC, Smurfit Kappa Group PLC, Westrock Company, Rengo Co., Ltd
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A corrugated board is a type of paperboard that is made up of two or more layers of paper that are glued or bonded together. The corrugated layer is usually made up of fluted paper that is sandwiched between two flat layers of paper. This type of paperboard is used for packaging and is often used for shipping boxes and other types of packaging.
Key Trends
There are several key trends in corrugated board technology. One is the trend toward using lighter-weight boards. This is being driven by the need to reduce costs and increase efficiency. Another trend is the move toward using recycled materials. This is being driven by the need to reduce environmental impact. Finally, there is a trend toward using more environmentally friendly adhesives and coatings. This is being driven by the need to improve the sustainability of the product.
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Key Drivers
The key drivers of the corrugated board market are expected to be the growing demand from the packaging industry, the increasing use of corrugated boards in the food and beverage industry, and the growing demand from the Asia-Pacific region.
The packaging industry is expected to be the key driver of the corrugated board market. The corrugated board is used for packaging a variety of products, including food, beverages, pharmaceuticals, and electronics. The rising demand for packaged food and beverages is expected to drive the demand for corrugated boards.
The food and beverage industry is another major end-use industry of corrugated boards. The corrugated board is used for packaging and transporting a variety of food and beverage products. The rising demand for packaged food and beverages is expected to drive the demand for corrugated boards.
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Market Segmentation
The Corrugated Board market is segmented by product type, packaging type, end-user and region. By product type, the market is divided into single wall boards, single face boards, double wall boards and triple wall boards. By packaging type, the market is bifurcated into crates, trays, octabin, pallet and others. By end-use, the market is classified into personal care products, e-commerce, transportation & logistics, healthcare and Others. By region, the market is segmented into North America, Europe, Asia-Pacific and rest of the world.
Key Players
The key players in the Corrugated Board market are Wisconsin Packaging Corporation, Arabian Packaging Co LLC, Klabin S.A., GWP Group Limited, TGI Packaging Pvt. Ltd, Georgia-Pacific LLC, Smurfit Kappa Group PLC, Westrock Company, Rengo Co., Ltd. and Pratt Industries Inc.
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