Corrugated Box Market – Increasing Demand in India and China Region
The corrugated box market research report provides a quantitative and qualitative analysis of the current market trends, estimations, and dynamics through 2019- 2025, which assist in identifying the prevailing market opportunities in different end user segments. A corrugated box are build such that they have a layer of cardboard, popularly known as fluting, sandwiched between two thin layers. These boxes are available in different shapes and sizes and are largely used in packaging of beverages, foods, cosmetics, pharmaceuticals, hazardous chemicals and so on.
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Use of corrugated boxes for packaging is recommended while shipping, owing to its feature of being able to handle pressure and sturdier than cardboard boxes. These boxes are reliable and used for shipping of heavy and fragile breakable products, perishable goods, and electronic products. Corrugated boxes market size is governed by its eco-friendliness, easy to use and ability to handle pressure. Often, corrugated boxes are made of recycling ingredients that are eco-friendly and cost effective.
Corrugated box industry trends indicate growth owing to increased demand of lightweight, eco-friendly and economical packaging options. Growing industrialization in the developing countries is assisting in growing international trade and better infrastructure facilities. Also, development in oil, energy, gas sector and chemical industry along with growth in income and spending capacity has increased the corrugated boxes market size in the past years. Furthermore, growth in online shopping and delivery has increased the demand of corrugated box. There is high demand in industries like healthcare, food and beverages, pharmaceuticals, electronics and automotive. Corrugated box industry trends study indicate growth in the cooler corrugating product, water resistance and improved corrosion due to the growing development in nanotechnology.
However, factors like poor barrier property used for the cardboard is hampering its usage in many applications. Also the corrugated box doesn’t work well in case there is humidity and moistness in the weather, as this effects the firmness of corrugated boxes. Owing to its poor barrier properties these packaging are not used for liquid products. These factors have significant negative impact on the global corrugated boxes market growth.
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The corrugated boxes market size is segmented on the basis of type as Telescope Boxes, Folder Boxes, Slotted Boxes, and Rigid Boxes. Segmentation in terms of printing ink is done as UV-Curable Ink, Hot Melt-Based Ink, Water-Based Ink, and Solvent-Based Ink. Segmentation in terms of application is done as Food & Beverages, Glassware & Ceramics, Paper Products Electronic Goods, Home & Personal Care Goods, and Others. The food and beverage industry is leading in market share owing to increased demand of package food across the globe. Convenience food which can be eaten quickly helps people save time and hence are preferred by many people. Also they are cost effective and can be easily bought from any of the stores.
The market is segmented in terms of Material as Linerboard, medium and others. Segmentation of corrugated boxes market on the basis of region is done as Asia-Pacific, Europe and CIS, North America, South America, Middle East and Africa.
Key players of the corrugated boxes market are Mondi Plc., Kapstone Paper and Packaging Corporation, Packaging Corporation of America, Westrock Company, Smurfit Kappa Group and many others.
The various segments of corrugated boxes market are,
By Product type:
- Slotted Boxes
- Rigid Boxes
- Telescope Boxes
- Folder Boxes
By Printing ink
- Water-Based Ink
- Hot Melt-Based Ink
- UV-Curable Ink
- Solvent-Based Ink
- Food & Beverages
- Home & Personal Care Goods
- Electronic Goods
- Glassware & Ceramics
- Paper Products
- Europe & CIS
- North America
- South America
- Middle East and Africa.
What to expect from the upcoming report on ‘corrugated boxes market’:
– Future prospects and current trends of the corrugated boxes market by the end of forecast period. (2017 – 2025).
– Information regarding technological progressions as well as innovations across the world
– Supportive initiatives by government likely to influence the market dynamics.
– In-depth analysis of different market segmentations including regional segmentations, applications and types.
– Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market.
– Trends, drivers, opportunities, restraints, challenges and key developments in the market
Who should buy this report?
Venture capitalists, Investors, financial institutions, Analysts, Government organizations, regulatory authorities, policymakers ,researchers, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
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Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.