Corrugated Packaging Market Business Revenue, Future Scope, Market Trends, Key Players and Forecast to 2025
Key Players
Archis Packaging India Pvt. Ltd., Mondi Group (US), Smurfit Kappa Group (Ireland) , International Paper Company (Tennessee), Orora Packaging Australia Pty Ltd (Australia), WestRock (US), Georgia-Pacific LLC (Atlanta), KapStone Paper, Europac Group (U.K.), Packaging Corporation (US) and Nefab Group (Sweden) are some of the leading players of the Global Corrugated Packaging Market. Profiling them in its analysis, MRFR explores strategies that keep them at the forefront of competition.
Corrugated Packaging Market – Competitive Analysis
The Corrugated Packaging market is competitive and fragmented owing to the presence of several big & small market players forming a competitive landscape. Key players are adopting the strategic trend of business expansion in the emerging markets.
Key market players are keen on taking care of ecological norms. In order to manufacture cardboard boxes without affecting the containers’ strength or durability; they reinforce corrugation inside the panels. This resultantly reduces both cost and wastage.
In order to survive and create new markets; manufacturers rely on innovation. Therefore, they keep themselves abreast of the new technological developments and latest consumer trends by developing human capital.
Corrugated Packaging Market – Segments
For the convenience of the report and enhanced understanding; the market of Corrugated Packaging is segmented in to 4 key dynamics.
By Types : Comprising Slotted boxes, Self-Erecting Boxes / Auto-Bottom Boxes, Bliss / Rigid Boxes & Telescope boxes, etc.
By Applications : Personal Care, Food & Beverages, Pharmaceuticals & Healthcare, Electronic Goods, Paper Industry, among others.
By Wall Construction : Single, Double and Triple-wall corrugated packaging.
By Regions : North America, Europe, APAC and Rest of the World.
Segment - Rigid boxes by types, in 2016 accounted for the largest market share i.e. 29.50% in terms of value. The segment is further estimated to register 6.04% CAGR during the assessment period (2017-2025)
Industry/ Innovation /Related News
March 20, 2018 – ExxonMobil (Germany) launched its new synthetic lubricant - Mobil SHC™ Grease 462 PF for corrugating machines. The innovation delivers superior bearing protection for corrugator rollers operating at extreme temperatures as 240˚C and in humidity.
Corrugated Packaging Market – Geographical Analysis
North America market in 2016, dominated the global Corrugated Packaging Market with 33.4% share. The region is further expected to grow at 5.69% CAGR during the review period. This growth of the region attributes to the burgeoning e-commerce industry fueled by the increasing cross-border trade and huge demand for online shopping.
On the other hand, Asia-Pacific region, emerging as the fastest growing market of Corrugated Packaging registered 6.39% of a CAGR in 2016. Growing with the lucrative opportunities in packaging industry and growing ecommerce industry in the region, APAC is expected to register a fabulous CAGR during the forecast period.
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