Corrugated Boxes Market was valued At USD 87.78 Billion till forecast 2025
Summary
Global Corrugated Boxes Market Segments, Size, Share, Growth, Trends, Analysis, Future Scope 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 2025
Overview
Market Scenario Of Corrugated Boxes
The augmented purchase of consumer electronics and other large items necessitate the use of corrugated boxes greatly. Reports that explore the packaging and transport industry have been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. Earnings valued at USD 87.78 billion are expected to be created with a 4.15 % CAGR by 2025.
Key Players
The Important contenders operating in the Corrugated Boxes Market are
- 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
Industry Updates
Sep 2019 Amazon, the e-commerce company has unveiled its long-term sustainable packaging initiatives as per which the company plans to remove single-use plastic packing by June 2020. Also, the online retailer will tap recycled paper cushions to substitute plastic dunnage through all its FCs in India by the conclusion of the year. Moreover, its packaging material in the mode of corrugated boxes and paper cushions are manufactured by means of recycled content as high as 100% and are also completely recyclable.
Segmental Analysis
The evaluation of the segments in the Corrugated Boxes Market has been carried out on the basis of wall construction, type, region, and application. Based on type, the Corrugated Boxes Market has been segmented into slotted boxes, self-erecting boxes, telescope boxes, rigid boxes, and others. Based on the wall construction, the Corrugated Boxes Market has been segmented into double-wall, single-wall, and triple-wall. The application basis of segmenting the 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.
Regional Analysis
The regional evaluation of the 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 Corrugated Boxes Market to prosper during the forecast period.
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