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Corrugated Packaging Market Attracts Investor Interest with Unparalleled Growth Rates

02-05-2018 11:12 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Research Future

Corrugated Packaging Market Attracts Investor Interest with

Global Corrugated Packaging Market Information - by type (Bliss / Rigid Boxes, Self-Erecting Boxes, Telescope boxes, Slotted boxes and others), by Wall Construction (Single-wall, Double-wall and Triple-wall), by application (Food & beverages, Electronic goods, Personal care, Pharmaceuticals & healthcare and Others) and by Region - Forecast to 2023

Market Research Future published a research report on “Corrugated Packaging Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Key Findings

• North America dominate the Global Corrugated Packaging Market with a share of 33.4% in 2016, in terms of value. It is expected to grow at a CAGR of 5.69% during the forecast period.

• Asia-Pacific is the fastest growing region with a CAGR of 6.39% owing to the emerging economies coupled with lucrative opportunities in packaging industry and growing ecommerce industry.

• Rigid boxes segment expected to witness growth in Global Corrugated Packaging Market with share of 29.50% in 2016, in terms of value. It is expected to grow at 6.04% CAGR during the forecast period.

Global Corrugated Packaging Market - Overview

The global corrugated packaging market has experienced a humongous growth over the past years and as per the estimation the global corrugated packaging market will grow more on a rapid pace during the forecast period. The rising population and growing per capita income are the major growth driver for this market. Along with this the growing applications segment such as food & beverages, personal care, Pharmaceuticals & healthcare, consumer goods, electronic goods have contributed a major role in the overall market growth. Corrugated Packaging is one of the most preferred packaging for small, medium and large sized products which in turn has increased the demand across the globe. Growing ecommerce industry has become on the major trend in the global corrugated packaging market. Banning of plastic packaging has also become the major reason for the rising demand of corrugated packaging market.

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Global corrugated packaging has very broad market in coming recent years. MRFR analysts has predicted that food & beverages and consumer goods industry are about to grow at a rapid pace, moreover, the speedy rising ecommerce business has also been a growth momentum which means more demand for these industries and in turn for corrugated packaging.

Global corrugated packaging has very broad market in coming recent years. MRFR analysts has predicted that food & beverages and consumer goods industry are about to grow at a rapid pace, moreover, the speedy rising ecommerce business has also been a growth momentum which means more demand for these industries and in turn for corrugated packaging.

Global corrugated packaging market is growing with the rapid pace; mainly due to advancement in technologies. According to a recent study report published by the Market Research Future, The global market of corrugated packaging is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2023).

Key Players:

Mondi Group (U.S.), Smurfit Kappa Group (Ireland), International Paper Company (Tennessee), Orora Packaging Australia Pty Ltd (Australia), WestRock (U.S.), Georgia-Pacific LLC (Atlanta), Archis Packaging (India) Pvt. Ltd., Europac Group (U.K.), KapStone Paper and Packaging Corporation (U.S.) and Nefab Group (Sweden) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Corrugated packaging market.

Corrugated packaging Market - Competitive Analysis

Corrugated packaging market appears to be competitive with the presence of several large and small players operating in the Corrugated packaging Market. These Key players compete based upon pricing, quality, Technology and reputation. Corrugated packaging market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in to intensified competition further. Manufacturers operating in the corrugated packaging market strive to respond to the growing demand for corrugated packaging. Rapid growth in the electronic sector is ultimately driving the demand of the corrugated packaging. The high-quality of packaging materials attracts more customers, having a positive impact on the global market. Presently, corrugated boxes are considered common and are a trusted mode of packaging to maintain the quality of the products until they reach their destination. Moreover, manufacturers mainly ensure to deliver the best quality products based on innovative technologies, and best practices.

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Industry/ Innovation/ Related News:

In 2016, Mondi Group acquired SIMET S.A., the corrugated plant in Poland, to expand and upgrade their operation to high-efficient box plant, which includes corrugated line for on-site board production.

On 9th Aug 2016, Orora opened corrugated packaging and cold storage facility in Bundaber.

In 2017, WestRock planned to acquire multi packaging solutions for broadened product capabilities and expanded presence in targeted end markets.

In 2017, the company collaborated with Sun Chemical, the leading producer of printing inks and coatings so as to showcase their packaging solutions and enhance their productivity

Corrugated packaging Market - Segments:

The Global Corrugated Packaging Market has been segmented into types, wall construction, application and region.

By Types
• Bliss / Rigid Boxes
• Self-Erecting Boxes
• Telescope boxes
• Slotted boxes
• Others

By Wall Construction
• Single-wall
• Double-wall
• Triple-wall

By Application
• Food & beverages
• Electronic goods
• Personal care
• Pharmaceuticals & healthcare
• Others

By Region
• North America
• Europe
• Asia-Pacific
• Rest of the World

Corrugated packaging Market - Regional Analysis

Geographically, North America is a major revenue generator to the global corrugated packaging market where the US market has become one of the most attractive place for the manufacturers owing to the rising ecommerce venture and shifting trends towards online shopping. Europe is the second leading region and Asia-Pacific has emerged as the fastest growing region.

Access Full Report @ https://www.marketresearchfuture.com/reports/corrugated-packaging-market-1205

About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for , regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Akash Anand,
Market Research Future
Pune – 411028
Maharashtra, India
Phone No. :+1 646 845 9312
Email: sales@marketresearchfuture.com

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