Asia-Pacific Corrugated Board Packaging Market, By Raw Material (Linerboard & Medium), Style (Slotted Box, Telescopes, Folders, Trays, Sheets, Fanfold, Die Cut Bliss & Die Cut Interiors), Grade (Unbleached Testliner, White-Top Testliner, Unbleached Kraftliner, White-Top Kraftliner, Waste-Based Fluting & Semi-Chemical Fluting), End-Use (Processed Foods, Healthcare, Beverages, Chemicals, Textiles, Personal Care, Electrical Goods, Vehicle Parts, Glassware and Ceramics, Wood and Timber Products, Household Care, Fruits and Vegetables, Paper Products, Tobacco & Other), Country (China, India, Japan, South Korea, Indonesia, Hong Kong, Taiwan, Singapore, Australia and New Zealand, Malaysia, Philippines, and Rest of Asia-Pacific) Industry Trends and Forecast to 2029
Market Analysis and Insights: Asia-Pacific Corrugated Board Packaging Market
Asia-Pacific corrugated board packaging market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with the CAGR of 6.1% in the forecast period of 2022 to 2029 and expected to reach USD 153,222.26 million by 2029. Growing 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.
Corrugated board packaging products are designed to give an extreme protection to fragile, heavy, bulky, or high-value products in storage and transit. A corrugated board packaging with several layers provides strength to the packaging product and makes it stronger than average cardboard. Different types of liners are used in the corrugated cardboard to provide the strength such as kraft liners, test liners, and chip linear. Corrugated paperboard also acts as the cushion for the product in transit. Corrugated packaging products are 100% renewable and cost-effective in nature and used to replace wood and metal packaging. There are several types of corrugated board packaging such as single-phase, single-wall, double wallboard, triple wallboard, and others. Single-phase corrugated board packaging includes a single flute and one or two sheets of the linear board. Single wall corrugated board packaging involves one sheet of the corrugated medium glued and placed in between two sheets of the liner board. Double wallboard refers to that type of corrugated board packaging consisting of two layers of the corrugated medium glued between three layers of the liner board. Triple wallboard refers to that type of corrugated board packaging, which is considered the strongest of all kinds of corrugated board packaging as it consists of three layers of the corrugated medium and the four-layer of the liner board.
Increasing purchases toward light weight corrugated boxes across industries are expected to boost the market growth however, stringent government regulations for packaging of products are expected to restrain the Asia-Pacific corrugated board packaging market. Rise in acquisition & collaboration between companies is expected to create opportunity for the market to grow but Lack of awareness about the sustainability of the packaging is causing a major challenge for the growth of the market.
The corrugated board packaging market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the corrugated board packaging market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Corrugated Board Packaging Market Scope and Market Size
The Asia-Pacific corrugated board packaging market is segmented into four notable segments which are based on the grade, raw material, style and end-use. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of raw material, the Asia-Pacific corrugated board packaging market is segmented into linerboard and medium. In 2022, the linerboard segment is expected to dominate the Asia-Pacific corrugated board packaging market due to the easy processing techniques, improved efficiencies as well as easier usage. However, limited amount of strength restricts consumption in the market.
- On the basis of style segment, the Asia-Pacific corrugated board packaging market is segmented into slotted box, telescopes, folders, trays, die cut bliss, die cut interiors, sheets, and fanfold. In 2022, the slotted box segment is expected to dominate the market owing to its growing application in the food and beverage industry in the Asia-Pacific market. The easy availability in the market drives the slotted box segment in the Asia-Pacific market.
- On the basis of grade segment, the Asia-Pacific corrugated board packaging market is segmented into white-top kraftliner, unbleached kraftliner, white-top testliner, unbleached testliner, waste-based fluting, and semi-chemical fluting. In 2022, the unbleached testliner segment is expected to dominate the market owing to availability in abundance, which maximizes consumption in the Asia-Pacific market. The force's resistance properties maximize application in various areas that drive the unbleached testliner segment in the Asia-Pacific market.
- On the basis of end-use segment, the Asia-Pacific 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. In 2022, the processed food segment is expected to dominate the market owing to increasing demand for packaged food in developing countries. The easy carrying properties drive the food and beverages segment in the Asia-Pacific market.
Corrugated Board Packaging Market Country Level Analysis
The corrugated board packaging market is analyzed and market size information is provided by the country, raw material, style, grade and end-use as referenced above.
The countries covered in the corrugated board packaging market report are the China, India, Japan, South Korea, Indonesia, Hong Kong, Taiwan, Singapore, Australia and New Zealand, Malaysia, Philippines and Rest of Asia-Pacific.
China is expected to dominate the Asia-Pacific region, as China has been the largest producer and consumer of corrugated packaging, which is believed to continue over the forecast period. Booming sales of processed foods and beverages, especially in country, account for the robust growth of the China market.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Growing inclination of purchases toward light weight corrugated boxes across the industry is expected to drive the growth of the market
The corrugated board packaging market also provides you with detailed market analysis for every country growth in particular market. Additionally, it provides the detail information regarding the market players’ strategy and their geographical presence. The data is available for historic period 2020.
Competitive Landscape and Corrugated Board Packaging Market Share Analysis
Corrugated board packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to corrugated board packaging market.
Some of the major players operating in the corrugated board packaging market are International Paper, Mondi, NEFAB GROUP, Oji Holdings Corporation, NIPPON PAPER INDUSTRIES CO., LTD., Rengo Co., Ltd., and Sealed Air among others.
Many contracts and agreements are also initiated by the companies’ Asia-Pacific which are also accelerating the corrugated board packaging market.
For instances,
- In February 2021, Oji Holdings Corporation announced the establishment of the new plants of corrugated container in Malaysia. This development has helped the company to upsurge the revenue by the generation of the production rate.
- In January 2020, Oji Holdings Corporation has announced the establishment of the new plant of corrugated container in Japan. This development has aimed to increase production capacity of the organization.
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