Corrugated Box Market Scope
Corrugated box is the ideal packaging solutions for a variety of situations such as packing durable & non-durable goods, food & beverages, consumer electronics, and others. These boxes are made from paperboard layers which have rows of air designed to prevent against shocks, jerks, and vibrations. Growing e-commerce industry supplementing the growth of corrugated boxes market. Further, increasing demand from food & beverage industry and technological advancement in printing technology, sustainable packaging solutions, and increasing demand for reusable packaging material expected to drive the corrugated box market over the forecasted period.
According to AMA, the Global Corrugated Box market is expected to see growth rate of 4.92%Numerous players are present in the market hence fragmented nature of the market. Market leaders are focusing on technological development towards the development of sustainable packaging solutions. Increasing demand from numerous industries such as food & beverage, electrical & electronics, home care products, and others generating lucrative opportunities for the companies involved in corrugated box production. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Corrugated Box market throughout the predicted period.
DS Smith Packaging Limited (Belgium), Packaging Corporation of America (United States), International Paper Company (United States), Menasha Corporation (United States), Corrugated Container Inc. (United States), Atlantic Corrugated Box (United States), Wisconsin Packaging Corporation (United States), Arabian Packaging Co LLC (United Arab Emirates), Cascades Incorporated (Canada), Klabin S.A. (Brazil), GWP Group Limited (United Kingdom), Georgia-Pacific LLC (United States), Smurfit Kappa Group PLC (Ireland) and Rengo Co., Ltd. (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Squire Corrugated Container Corp. (United States), L&M Corrugated Container Corporation (United States), Aim Corrugated Container Corp. (United States), Mondi Group (Austria), WestRock (United States) and TGI Packaging Pvt. Ltd. (India).
Segmentation Overview
The study have segmented the market of Global Corrugated Box market , by Application (Food & Beverage, Electrical & Electronics, Home Care Products, Personal Care Products, E-commerce, Transportation & Logistics, Healthcare and Other) and Region with country level break-up.
On the basis of geography, the market of Corrugated Box has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Emphasizing On Printing and Graphics Capabilities of Corrugated Box, Increasing Demand for Retail and Shelf Ready Corrugated Box Packaging and Rising Demand for Customizable Corrugated Box Packaging
Market Growth Drivers:
Growing Online Shopping Industry Fueled the Demand for Corrugated Box, Increasing Demand for Reusable Packaging Material and Cost-Effective and Sustainable Nature of Corrugated Box
Challenges:
Adverse Effect on Environment Owing To Material and Printing Technology Being Used In Corrugated Box
Restraints:
Inability to Handle Mechanical Stress for Heavy Weights and Water and Other Types of Liquid Can Damage Corrugated Box
Opportunities:
Growing Demand from Food & Beverage Industry, Increasing Demand For Sustainable Packaging Solutions and Development of Environment-Friendly and Light Weight Corrugated Box Packaging
7th March 2019, WestRock provider of differentiated paper and packaging solutions acquire Linkx System Ltd, the manufacturer of packaging machines and integrated smart factory automation systems. This will help WestRock to expand its portfolio of the automated packaging system.
Key Target Audience
Manufactures of Corrugated Box, Raw Materials Suppliers of Corrugated Box, Aftermarket Suppliers of Corrugated Box, Research Institute & Education Institute, Potential Investors, Government Agencies and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.