Global Corrugated Board Packaging Market is Growing with a CAGR of 5.7% in the Forecast Period of 2022 to 2029

 

Global Corrugated Board Packaging Market is growing due to small and medium-sized corrugated board packaging in the food and beverage packaging industry and increasing preferences for recycled corrugated products in the packaging industry. In order to fulfill the growing demand for corrugated board packaging products in the building and construction and electronics industry, some companies are expanding their production capacities by entering into acquisition, joint venture and launching products across different regions.

However, stringent government regulations for packaging of products are expected to restrain the global corrugated board packaging market.

Global Corrugated Board Packaging Market Scenario

According to Data Bridge Market Research, the market in Asia-Pacific has the highest market share followed by Europe and North America. Market leader is Westrock Company which caters almost 6.85% market share. The company has gained outstanding sales through their corrugated board packaging products. For instance

  • In March 2021, WestRock Company has decided to expand portfolio of automated packaging systems by acquiring Linkx Packaging Systems. This development assisted the company to increase the revenue and production capacity in future.

Corrugated Board Packaging Market

Trends Impacting the Market

Now the question is which other regions WestRock Company, International Paper, and Packaging Corporation of America are targeting? Data Bridge Market Research has forecasted a large growth in Asia-Pacific corrugated board packaging market, and the market leaders are targeting Europe and North America to be their next pocket revenue for 2022.

The corrugated board packaging market is becoming more competitive every year with companies such as WestRock Company, International Paper, and Packaging Corporation of America as they are the market leaders for corrugated board packaging market. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the corrugated board packaging market.

For more analysis on the corrugated board packaging market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-corrugated-board-packaging-market

Global Corrugated Board Packaging Market Developments

  • In August 2021, Mondi rolled out its range of sustainable corrugated packaging solution for online grocery delivery services across Europe. Seven new packaging solution meets the demand for the new packaging solutions for delivery. The company has introduced new product for the delivery purpose during COVID-19. The market will be nourished by these products for the delivery purpose.
  • In January 2021, International Paper decides to sell off its corrugated packaging business in turkey. The agreement was between International Paper and Mondi Group. To serve the market for an advantage position this agreement was done between the companies. The markets will see improvement in packaging industries.

Scope of the Global Corrugated Board Packaging Market

  • On the basis of region, the global corrugated board packaging market is segmented into .S., Canada, Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Poland, Finland, Sweden, Norway, Lithuania, Latvia, Estonia and Rest of Europe, China, South Korea, Japan, India, Australia and New Zealand, Taiwan, Singapore, Malaysia, Indonesia, Thailand, Philippines and Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Israel, Egypt and rest of Middle East and Africa, Brazil, Argentina and Rest of South America.

The market is further segmented based on raw material, the global corrugated board packaging market is segmented into linerboard and medium. On the basis of style segment, the global corrugated board packaging market is segmented into slotted box, telescopes, folders, trays, die cut bliss, die cut interiors, sheets, and fanfold. On the basis of grade segment, the global corrugated board packaging market is segmented into white-top kraftliner, unbleached kraftliner, white-top testliner, unbleached testliner, waste-based fluting, and semi-chemical fluting. On the basis of end-use segment, the global corrugated board packaging market is segmented into processed foods, fruits and vegetables, beverages, personal care, healthcare, household care, chemicals, paper products, electrical goods, glassware and ceramics, wood and timber products, textiles, tobacco, vehicle parts, and others.

To know more about the study https://www.databridgemarketresearch.com/reports/global-corrugated-board-packaging-market

Key Pointers Covered in the Global Corrugated Board Packaging Market- Industry Trends and Forecast to 2029

  • Market Size
  • Top to Bottom Market Analysis
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Countries
  • Market Value and Overview of Corrugated Board Packaging Market
  • Company Profiling of Top Players of Corrugated Board Packaging Market

Key Market Competitors Covered in the Report

  • International Paper
  • Mondi
  • Smurfit Kappa
  • NEFAB GROUP
  • Cascades inc
  • DS Smith
  • WestRock Company
  •  Oji Holdings Corporation
  • Georgia-Pacific Llc
  • NIPPON PAPER INDUSTRIES CO., LTD.
  • Packaging Corporation of America
  • Rengo Co., Ltd. 
  • Klingele Papierwerke GmbH & Co. KG 
  • Klabin S.A
  • Sealed Air
  • Arabian Packaging Co LLC
  • Wertheimer Box Corp
  • B. Smith Packaging Ltd
  • Neway Packaging
  • Jonsac Ab

Above are the key players covered in the report, to know about more and exhaustive list of corrugated board packaging companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-corrugated-board-packaging-market

Research Methodology: Global Corrugated Board Packaging Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Manufacturer, Researchers, Scientists, Research Laboratories
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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