In 2016, Corrugated Boxes Market Valued at USD 61,229.4 Mn: Global Market Growing at 3.91% CAGR Through 2023

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Global Corrugated Boxes Market Information by Type (Rigid Boxes, Self-Erecting Boxes, Telescope Boxes, Slotted Boxes and Others), By Wall Construction (Single-Wall, Double-Wall, Triple-Wall), By Application (Food & Beverages, Consumer Goods, Personal Care, Healthcare, E-Commerce, Others) And Region – Forecast To 2023

Pune, India — (SBWIRE) — 02/09/2018 — Market Research Future published a research report on Global Corrugated Boxes Market that contains the information from 2017 to 2023. The global corrugated boxes is expected to grow with the CAGR of approximately 3.91% from 2017 to 2023.

Taste the market data and market information presented through more than 145 market data tables and figures spread in 157 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on "Global Corrugated Boxes Market Information from 2017 to 2023"

The growth of corrugated boxes can also attributed to growing demand for product safety. As, every product requires safe, and secure packaging while transporting and shipping from one place to another. To maintain the durability and safety of the products, packaging is required so that materials can withstand different conditions such as atmospheric, vibration or shock, variations in temperature, and pressures until the product reaches the consumer safely. The high-quality of packaging materials attracts more customers, having a positive impact on the global market. However, the production and use of paper has a number of adverse effects on the environment. The paper industry totally depends on trees, and as the need for paper increases, deforestation increases. Thus, such factors hinder the market growth.

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Based on regions, the market has been segmented as North America, Europe, Asia-Pacific and Rest of World. Among these, Asia-Pacific is expected to dominate the global corrugated boxes with the share of 49.5% in 2016. The emerging economies like China and India with increasing population are driving the corrugated boxes market in the region. In addition, steady growth in e-commerce business and food & beverage industry in the region offers a potential opportunity for the corrugated boxes market to boom during the forecast period. In Asia-Pacific, china accounted for 23.5% with a market value of USD 7,122.5 million in 2016. The food & beverage and healthcare industries are the fastest growing industries that extensively use corrugated boxes in the country. Europe is the second largest market, which is projected to grow at a CAGR of 3.90% during the forecast period.

Segmentation

By Type
– Rigid Boxes
– Self-Erecting Boxes
– Telescope Boxes
– Slotted Boxes
– Others

By Wall Construction
– Single-Wall Corrugated Boxes
– Double-Wall Corrugated Boxes
– Triple-Wall Corrugated Boxes

By Application
– Food & Beverages
– Consumer Goods
– Personal Care
– Healthcare
– E-Commerce
– Others

By Region
– Asia Pacific
– North America
– Europe
– Rest of World

Key Players

We recognize the key players in the global corrugated boxes market as Mondi Group (Austria), Smurfit Kappa Group (Ireland) , International Paper Company (U.S.), Orora Packaging Australia Pty Ltd. (Australia), WestRock (U.S.), Georgia-Pacific LLC (U.S.), Archis Packaging Pvt. Ltd. (India), Europac Group (U.K.), KapStone Paper and Packaging Corporation (U.S.) and Nefab Group (Sweden).

The report for Global Corrugated Boxes 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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