Global Corrugated Board Packaging Market: Demands for Sustainable Packaging Putting Greater Emphasis on Market-Associated Products

Global Corrugated Board Packaging Market

Corrugated board packaging is the category of packaging that is based on the production of different cartons, boxes and other products with the help of corrugated fiberboard. Corrugated fiberboard is produced by adhesion of flutes and heavy paper in different layers and strengths as per the demands of the applications. Depending on the strength required additional layers of flutes are added to enhance the overall holding capacity of the product although it results in greater weightage of the packaging itself. Users have to identify the correct balance depending upon their contents of the package.

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Corrugated board packaging market is growing due to biodegradable nature of the materials used in the packaging and growing rate in preferences of consumption of convenience foods; the effects of these factors are mentioned below:

• Biodegradable nature of the materials used in the packaging: One of the most obvious benefits with corrugated board packaging is the usage of raw materials that are biodegradable nature. This is one of the major benefits that is resulting in greater demands from a wide range of industries and applicable end-users due to the concerns regarding the environmental impacts on non-biodegradable products
• Growing rate in preferences of consumption of convenience foods: Another factor that is inducing positive demands for corrugated board packaging products is the increasing preference for consumption of convenience foods. This preference is giving rise to significantly large volume of demands for corrugated board packaging as convenience food packaging is one of the largest applications for this category of products

Strategic launches of products and expansion of businesses undertaken by market players:

• In May 2019, Cepac Limited announced the availability of their latest packaging product designed for e-commerce applications. Developed in partnership with Speedy Tape taping equipment Cepac has developed a packaging solution which offers printability on inner and exterior sides of the package. This helps the players in provision of better marketing packaging products
• In June 2018, Mondi announced the inauguration and unveiled the expected production of the facility situated at Poznan, Poland. The company unveiled to the visitors their expanded production capacity of fosber corrugator helping the company develop seven-layer corrugated board. The facility will be able to cover a wide range of services for value chain applications such as production of corrugated board, conversion of boxes for all of the applications wherein corrugated board packaging solutions are utilized

The market is segmented on the basis of type as single faced, single wall, twin wall, triple wall; applications is categorized into personal & home care, glassware & ceramics, food & beverages, paper products, textile goods, others; end-user as food & beverage, electronics & electrical industry, others.

“According to Data Bridge Market Research, global corrugated board packaging market is expected to reach USD 350.14 billion by 2026, growing with a steady CAGR during the forecast period of 2019 to 2026”

Some of the major players operating in market are Waterman (Box Makers) Ltd., Ariba & Company, Klingele Papierwerke GmbH & Co. KG, Mondi, Smurfit Kappa, Klabin, International Paper, Rengo Co.Ltd., Sealed Air, Georgia-Pacific, NIPPON PAPER INDUSTRIES CO. LTD., Amcor Limited, Cascades inc., DS Smith and SCG PACKAGING.

With the focus of authorities of different regions on promotions of materials that can be sustained for a longer period of time or even products that can be biodegradable over a period of time rather than leaving a drastic negative impact on the environment, manufacturers of different industrial domains not just packaging product manufacturers have been inclining on promoting the products that are environmentally sustainable or biodegradable.