Corrugated Boxes Market: Pin-Point Analysis For Changing Competitive Dynamics

The global market for corrugated boxes is observing a tremendous growth in line with the development trends of the packaging and converting industries. Several factors, such as the rising demand for corrugated boxes from logistic applications and the fresh food and beverages, electronic goods, and the home and personal care goods industries, the increasing preference for sustainable packaging among consumers, and the remarkable progress of the e-commerce industry, are boosting this market substantially across the world.

By 2017 end, the opportunity in this market is expected to reach a whopping sum of US$96.60 bn. Rising at a CAGR of 3.60% between 2017 and 2022, the market is projected to increase further to US$115.15 bn by the end of 2022. The increasing industrialization and the subsequent rise in the trade activities in emerging economies, such as India and China, is likely to propel this market over the next few years.

Obtain Report Details @

https://www.transparencymarketresearch.com/corrugated-boxes-market.html

Recycled Fibers to Report Higher Demand

Broadly, the global market for corrugated boxes is assessed on four fronts: The source of the material, end user, packaging form, and the type of the board. Based on the source of the material, the market has been classified into virgin fiber and recycled fiber. Among the two, recycled fiber is more in demand and the trend is anticipated to remain so over the next few years.

By the end user, the market has been categorized into the food, beverages, tobacco, healthcare, personal care and cosmetics, homecare and toiletries, electronic and consumer durables, E-commerce, and the chemical and fertilizer industries. Corrugated boxes are mainly utilized to pack food and beverage products. The demand for these boxes has also increased in the personal care and cosmetics industry. However, it’s the E-commerce sector, which is providing the most promising opportunities for the growth of this market.

On the basis of the packaging form, the market has been divided into primary packaging and secondary packaging. Single wall, double wall, and triple wall are considered as the main types of the board available in this market.

Request Sample @

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=33356

Demand for Corrugated Boxes to Remain High in APEJ

The worldwide market for corrugated boxes is also analyzed on the basis of its geographical spread. Latin America, Asia Pacific excluding Japan (APEJ), Japan, North America, Europe, and the Middle East and Africa (MEA) are considered as the key geographical segments of this market.

Asia Pacific excluding Japan has been dominating the global market and is expected to remain doing so in the near future, thanks to the increasing business and trade activities in this region. The APEJ market for corrugated boxes is projected to expand at a CAGR of 4.10% during the period from 2017 to 2022.

Among other regional markets, North America and Europe are expected to report a noticeable rise in the demand for corrugated boxes over the next few years, thanks to significant increase in E-commerce sector and the subsequent preference for online shopping among consumers. The presence of leading vendors in is also anticipated to benefits these regional markets in the near future.

The global market for corrugated boxes is highly competitive, thanks to the presence of a large pool of players. Stora Enso Oyj., International Paper Co., Smurfit Kappa Group Plc., Pratt Industries Inc., Sonoco Products Co., Huhtamaki Oyj, WestRock Co., KapStone Paper and Packaging Corp., DS Smith Plc., and Georgia Pacific LLC are some of the key vendors of corrugated boxes in the global market.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

Contact

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.