Industry Background:
The multi-depth corrugated box is the most popular shipping container, now-a-days. These boxes are manufactured from corrugated board which consists of 3 or more layers of kraft paper. Further, the middle fluted layer is pasted with two flat parallel sheets of paper. These boxes are used in number of applications such as packaging of chemicals & drugs, tobacco, engineering goods, food products, lamps, glasswares electrical appliances and many others. Corrugated board includes a flat layer of paper sheet (liner) glued on one or both sides of a corrugated paper (medium). The corrugated board is made by passing two layers of paper generally kraft, through corrugating machine. One layer of paper becomes corrugated after being delivered through the heated rolls and other is brought into contact with it after the former having glued at tips.This growth is primarily driven by Rising International Standards for Quality Packaging and Increasing Demand for Boxes in the Shipments of Goods.
Globally, a noticeable market trend is evident Emergence of Innovative Product
. Major Vendors, such as DS Smith plc (United Kingdom), International Paper (United States), MeadWestvaco Corporation (United States), Mondi Group (Austria), Nampak Limited (South Africa), Nine Dragons Paper (Hong Kong), Packaging Corporation of America (United States), Smurfit Kappa Group (Ireland), VPK Packaging Group (Belgium) and Elsons International, Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
The Office of Food Additive Safety (OFAS) at the U.S. Food and Drug Administration’s (FDA) Center for Food Safety and Applied Nutrition (CFSAN) is charged with, among other responsibilities, regulating industry to ensure that food contact substances are safe. The term “food contact substance” (FCS) is defined in Section 409(h)(6) of the Federal Food, Drug, and Cosmetic Act as “any substance intended for use as a component of materials used in manufacturing, packing, packaging, transporting, or holding food if such use is not intended to have any technical effect in such food.” Examples of food contact substances include polymers (plastic packaging materials), pigments and antioxidants used in polymers, can coatings, adhesives, materials used during the manufacture of paper and paperboard, slimicides and biocides (antimicrobial agents), and sealants for lids and caps.
Market Drivers
- Rising International Standards for Quality Packaging
- Increasing Demand for Boxes in the Shipments of Goods
Market Trend
- Emergence of Innovative Product
- Increasing Demand from Consumer Electronics Industry
Restraints
- It May Get Deformed Under Extreme Pressure
Opportunities
Growing Industrialization in Emerging Countries
Challenges
Concerns Regarding Weatherproofing
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