Corrugated Packaging Industry Demand, Size, Top Players, Opportunities, Revenue And Regional Forecast To 2025
Summary
Corrugated Packaging Industry Information, by Type (Rigid Boxes, Self-Erecting Boxes, Telescope Boxes, Slotted Boxes, and Others), by Wall Construction (Single-Wall, Double-Wall, and Triple-Wall), by Material (Linerboard, Medium, and Others), by Application (Food & Beverages, Electronic Goods, Pharmaceuticals, Personal Care, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2025
Industry Overview
the global Corrugated Packaging Industry 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.
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.).
Competitive Analysis
The Corrugated Packaging Industry 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.
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.
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.
Geographical Analysis
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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