Global Corrugated Boxes Market is projected to grow at a CAGR Of 4.25% 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 Global Corrugated Boxes Market. The growth sectors of the Global Corrugated Boxes Market are identified with precision for a better growth perspective.
Global Corrugated Boxes Market Overview
The intensive operation scale of e-commerce facilities is promoting the use of corrugated boxes as one of the means to package and transport goods. The increased use of FMCG products is another factor boosting the demand for Global Corrugated Boxes Market around the world. Moreover, the biodegradable nature of corrugated boxes is expected to increase their demand as manufacturers increasingly incorporate eco-friendly practices.
Segmental Analysis
The evaluation of the segments in the Global Corrugated Boxes Market has been carried out on the basis of wall construction, type, region, and application. Based on type, the Global Corrugated Boxes Market has been segmented into slotted boxes, self-erecting boxes, telescope boxes, rigid boxes, and others. Based on the wall construction, the Global Corrugated Boxes Market has been segmented into double-wall, single-wall, and triple-wall. The application basis of segmenting the Global Corrugated Boxes Market has been segmented into personal care, electronic goods, food & beverages, pharmaceuticals, and others. On the basis of region, the corrugated box market has been segmented into North America, Europe, Asia Pacific, and others.
Key Players
- Smurfit Kappa Group
- International Paper
- Mondi Group
- Orora Packaging Australia Pty Ltd
- Archis Packaging (India) Pvt. Ltd
- DS Smith
- Nefab Group
- WestRock
- Georgia-Pacific LLC
- Europac Group
- Packaging Corporation of America
Regional Analysis
The regional evaluation of the Global Corrugated Boxes Market covers regions such as North America, Europe, Asia Pacific, and others. The Asia Pacific region accounted for the chief market portion of around 52%, which is also anticipated to observe the swiftest growth rate throughout the forecast period. This can be credited to the thriving pharmaceutical and food & beverage industry in developing economies such as Malaysia, India, Indonesia, and China, which is anticipated to back the demand for corrugated boxes in the region. Additionally, solid growth in the e-commerce industry in the Asia Pacific region offers a prospective opportunity for the Global Corrugated Boxes Market to prosper during the forecast period.
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