Pune, India — 04/27/2018 — MarketResearchFuture.com added New Report Named “Corrugated Packaging Market 2018: Global Industry Analysis, Market Growth and Opportunity Assessment, Segmentation 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 | Outlook to 2023” to its Database.
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. 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.
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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.
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.
Rapid growth in the electronic sector is ultimately driving the demand of the corrugated packaging. Today consumer electronics is the top selling category due to increase in the number of online electronics models. The electronic sector is continuously evolving with new developments. Due to the increase in internet and mobile penetration, there have been increase in the acceptance of online payments and favourable demographics have given the companies in the electronic sector, an opportunity to connect with their customers.
According to REED Electronic Research, a leading market information provider on the global electronics industry, in 2015, China has accounted for 38% of electronics equipment production in the global market.
Developing countries such as China, India, Indonesia, Thailand, Vietnam, and Mexico have the largest disposable income, due to which there is a significant growth in the manufacturing and service industries here. The higher disposable income in these developing countries, results in the increase in purchasing power. As a result, corrugated packaging market has been impacted, positively.
The global corrugated packaging market has been segmented into types, wall construction, application and region.
Bliss / Rigid Boxes
By Wall Construction-
Food & beverages
Pharmaceuticals & healthcare
Rest of the World
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Key Market Players
The key players in global corrugated packaging market report included are 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).
The report for Global Corrugated Packaging Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions
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