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Chipboard Packaging Global Market Report 2024 - By Demand, Growth, Size And Share, Industry Outlook By 2033
Chipboard Packaging Market
As per the report, the chipboard packaging market size has grown strongly in recent years. It will grow from $11.19 billion in 2023 to $12.17 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The chipboard packaging market size is expected to see strong growth in the next few years. It will grow to $17.14 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%.
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Expansion Of E-Commerce Fuels Growth In The Chipboard Packaging Market
The expansion of e-commerce is expected to propel the growth of the chipboard packaging market going forward. E-commerce refers to the buying and selling of goods or services over the internet, often involving online transactions and digital payments. The rise in e-commerce can be attributed to several factors, including the increasing use of social media, the convenience and personalized shopping experiences offered by online platforms, and the ability to compare prices and products. Chipboard packaging is required for e-commerce to provide protective, lightweight, and environmentally friendly packaging solutions for shipping products to customers. For instance, in May 2024, according to the United States Census Bureau, a US-based government agency, U.S. retail e-commerce sales for the first quarter of 2024, after adjusting for seasonal variation, reached $289.2 billion, marking a 2.1 percent (±0.7%) increase compared to the fourth quarter of 2023. Therefore, the expansion of e-commerce is driving the growth of the chipboard packaging market.
Advancements In The Chipboard Packaging Market
Major companies operating in the chipboard packaging market are focusing on developing technologically advanced platforms, such as packaging platforms, to better serve customers. Packaging platforms refer to systems or frameworks used by companies to manage and optimize their packaging processes. For instance, in January 2022, Amcor Plc, an Australia-based packaging company, launched the AmFiber platform. This platform stands out for its ability to upgrade traditional paper packaging by offering improved features and functional advantages. This reflects Amcor's commitment to consumer-focused and flexible innovation, delivering high-quality packaging technology tailored to specific material requirements.
The chipboard packaging market covered in this report is segmented -
1) By Product: Folding Cartons, Rigid Boxes, Inserts And Dividers, Display Packaging, Specialized Packaging, Chipboard Pads
2) By Category: Brown, White
3) By Application: Food And Beverage, Pharmaceuticals, Electronics, Jewelry, Cosmetics, Personal Care, Household And Decorative, Other Applications
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Major companies operating in the chipboard packaging market are Graphic Packaging International LLC, Mayr-Melnhof Karton AG, Elopak, Great Northern Corp., RTS Packaging LLC, Associated Bag Co., Deluxe Packaging Inc., PakFactory Inc., Carton Service Inc., Neway Packaging Corporation, Alpha Packaging Inc., Riverside Paper Co. Inc., Peek Packaging Inc., Ameripak CO., Stamar Packaging Inc., Multicell Packaging Inc., Mankato Packaging Co., Quality Support LLC, Imperial Printing & Paper Box Mfg. Co., Romiley Board Mill, Canpaco Inc., Classic Packaging Corp., Complete Finishings Inc., Imperial Paper Company, Marion Paper Box Company
Contents of the report:
1. Executive Summary
2. Chipboard Packaging Market Report Structure
3. Chipboard Packaging Market Trends And Strategies
4. Chipboard Packaging Market - Macro Economic Scenario
5. Chipboard Packaging Market Size And Growth
…..
27. Chipboard Packaging Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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