Corrugated Packaging Global Market To Witness Enduring Growth By 2030

Pune, India, June 23, 2017/MRFR Press Release/- Market Research Future published a half cooked research report on “Global Corrugated Packaging Market Research Report - Forecast to 2027” - Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2030.  

Corrugated Packaging Global Market – Overview
Corrugated Packaging Market is the king of packaging material of a new era; where ecological concerns are making the news headlines every day. When it comes to protecting goods or fresh produce Corrugated Packaging beats all other packaging materials leaving the competition startled. An extremely durable, versatile, economical and lightweight material, Evaluated for its quality to withstand mechanical stress Corrugated is used for custom-manufactured shipping containers, packaging and point-of-purchase displays, in addition to numerous non-traditional applications ranging from pallets to children's toys to furniture. Corrugated with its fluting (arched layer) provides a very high strength to heavy goods as well as to fruit and vegetables, keeping it safe, fresh while maintaining hygiene. Scientific research has proven that corrugated reduces the risk of microbiological contamination compared with reusable plastic crates – prolonging shelf life by up to three days. Made from up to 85% recycled materials, Recyclable Corrugated packaging material is also a great example of the circular economy.

According to a recent study report published by the Market Research Future, the global market for Corrugated Packaging, maintaining its legacy of humongous growth, is estimated to grow further with a rapid pace with a substantial CAGR 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, paper industry, 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 the major trend in the global corrugated packaging market. Banning of plastic packaging has become the major reason for the rising demand of corrugated packaging market. Apart from this, government initiatives of promoting ecofriendly packaging materials and initiatives from CPA (The Corrugated Packaging Alliance which is a corrugated industry initiative, with the mission to promote Corrugated Packaging is providing an added impetus to the growth of global Corrugated Packaging Market.

Corrugated Packaging Global Market – Key Players

Major players having a strong presence in the international and regional market adorn the global Corrugated Packaging market as highly competitive and fragmented. These key players compete on the basis of product differentiation, portfolio, and pricing. To gain the competitive edge and to maintain their market positions a number of Key players are adopting the strategic trend of business expansion in the emerging markets. Market is anticipated to witness a fierce competition.
The leading market players in the global corrugated packaging market primarily include Mondi, Smurfit Kappa, Roch-Tenn, Archis Packaging, Carter Holt Harvey, Dunapack Packaging, Induspac, Europac Group’s Packaging Division, U.S. Corrugated, RockWest Company and others.

Corrugated Packaging Global Market – Segmentation
Corrugated Packaging Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Types : Consisting Slotted boxes, Telescope boxes, Self-Erecting Boxes / Auto-Bottom Boxes, Bliss / Rigid Boxes & others.
Segmentation By Applications : Consisting Food & Beverages, Personal Care, Pharmaceuticals & Healthcare, Paper Industry, Electronic Goods and others.
Segmentation By Wall Construction: Consisting Single-wall corrugated sheet, Double-wall corrugated packaging and Triple-wall corrugated packaging.
Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Corrugated Packaging Global Market – Synopsis
The United Nations’ goals for the energy efficiency of materials used with the amount of wastage produced taken into consideration and greater environmental awareness has resulted in consumers growing insistence on recyclable and biodegradable packaging material together has befitted the market growth
While taking care of ecological norms manufacturers are using less material while manufacturing cardboard boxes without affecting the containers’ strength or durability. In some cases, this has been achieved through reinforced corrugation inside the panels. This has reduced both cost and wastage.
In order to survive and create new markets; manufacturers rely on innovation. Therefore; they try to keep themselves at the cutting edge of technological development and keep up-to-date with consumer trends by developing human capital. They don’t hesitate to continually invest in younger generation for
the latest technologies which can increase productivity and add value

Packaging Global Market –

Regional Analysis

Geographically, North America has accounted for the major market share in 2015 followed by Asia-Pacific and Europe. The growth of the e-commerce industry in this region has been driving the market growth. The US is the largest market for corrugated boxes in this region due to the increase in cross-border trade and huge demand for online shopping.

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