Global Corrugated Packaging Market: Overview
Corrugated packaging products combine cushioning with
structural rigidity, providing excellent protection to fragile or heavy
contents from damage. Their lightweight and clean nature help lower shipping
costs. The high-impact graphics possible on corrugated packaging products help
enable improved brand awareness, thus helping improved sales. Moreover, corrugated
packaging products are made from recycled card board boxes and
other waste products from the paper industry. The reprocessing and recycling
percentage of corrugated packaging products is also high, making them an
environment-friendly packaging option.
The market is expected to witness an excellent upward growth
trajectory over the period between 2018 and 2026, chiefly owing to the massive
rise in demand for corrugated packaging boxes in the thriving global e-commerce
industry. This report gives a forward-looking perspective of the market, and
furnishes qualitative as well as quantitative data pertaining to the key
segments of the market.
Global Corrugated Packaging Market: Trends and
Opportunities
As mentioned above, the thriving global e-commerce industry
is expected to emerge as the leading growth driver for the global corrugated
packaging market. Owing to features such as low weight, excellent strength, and
recyclability, e-commerce companies are increasingly adopting corrugated
packaging products for safe product delivery. Moreover, the market has also
witnessed a steady rise in adoption from the organized retail sector in the
recent past. As the numbers of supermarkets and hypermarkets rise across
emerging economies in regions such as Asia Pacific and Latin America, in
response to changing consumer lifestyles and rising disposable incomes, the
uptake of corrugated packaging products is also expected to surge.
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On the flip side, there are a certain factors that hinder
the growth prospects of the market to a certain degree, chief ones being the
unsuitability of corrugated material for the packaging of a variety of products
and concerns regarding the durability of corrugated packaging products. It is
often noted that conventional corrugated packaging products do not withstand
harsh indoor and outdoor weather conditions as efficiently as other packaging
products, thus posing damage dangers to fragile products or electronic
products.
Global Corrugated Packaging Market: Market Segmentation
The report segments the global corrugated packaging market
on the basis of criteria such as box type, application, and geography. Based on
application, the market has been covered for industries such as food and
beverages, automotive, health and hygiene, electronics, consumer goods, and
pharmaceuticals.
Based on the type of box, the market has been covered for
varieties such as folding box, slotted box, telescope box, and rigid box. Of
these, varieties such as folding and rigid boxes witness high demand across the
retail and e-commerce sectors. Thus in parallel to the exponential growth being
witnessed by the e-commerce sector globally, these segments are also expected
to perform excellently over the forecast period.
Global Corrugated Packaging Market: Regional Outlook
From a geographical standpoint, the report covers the market
for corrugated packaging across regions such as Latin America, Europe, Asia
Pacific, North America, and Middle East and Africa. Presently, North America
and Asia Pacific are the leading regional markets for corrugated packaging
products. While the market in North America will witness steady expansion over
the report’s forecast period as well, the market in Asia Pacific is expected to
witness a massive surge owing to rising growth opportunities in the region’s
thriving e-commerce industry and a rapidly expanding organized retail sector.
The market in Middle East and Africa is also expected to expand at a promising
rate over the forecast period.
Global Corrugated Packaging Market: Market Players
Some of the leading companies operating in the global
corrugated packaging market are DS Smith, U.S Corrugated Inc., Mondi Group,
Georgia- Pacific, and Smurfit Kappa Group.
This study by TMR is all-encompassing framework of the
dynamics of the market. It mainly comprises critical assessment of consumers'
or customers' journeys, current and emerging avenues, and strategic framework
to enable CXOs take effective decisions.
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The study strives to evaluate the current and future growth
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assessment.
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The following
regional segments are covered comprehensively:
- North
America
- Asia
Pacific
- Europe
- Latin
America
- The
Middle East and Africa
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