Corrugated Packaging Market Size, Competitive Dynamics, Segments, Global Outlook till forecast 2025
Summary
The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Corrugated Packaging Market. The growth sectors of the Corrugated Packaging Market Size are identified with precision for a better growth perspective.
Corrugated Packaging Market Overview
the global Corrugated Packaging Market Size is expected to reach ~USD 250.9 billion by 2025 and is expected to witness ~5.9% CAGR during the forecast period.
Corrugated packaging is considered important for custom-manufactured shipping containers, packaging and point-of-purchase displays. In addition to the numerous innovative applications, ranging from pallets to children's toys to furniture, market of corrugated packaging enjoys an extensive traction on the global platform.
Competitive Analysis
The Corrugated Packaging Market Size 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.
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 Size. Profiling them in its analysis, MRFR explores strategies that keep them at the forefront of competition.
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.
Industry/ Innovation /Related News
March 23, 2018 – Electronics For Imaging (US) a leading global provider for digital printing technology showcased its new technologies for corrugated packaging at 2018 iCorrugated Asia Expo, being held between 21 March and 23 in China. Showcased technologies included C18000 Single-Pass, Escada Corrugator Control; Direct-To-Corrugated LED inkjet corrugated packaging press and Closed-Loop Process Control Software Technologies.
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