Asia-Pacific Corrugated Box Market, By Type (Single-Phase Corrugated, Single Wall Corrugated Box, Double Wallboard and Triple Wallboard), Material (Recycled Corrugates and Virgin Corrugates), Flute (Type A Flute, Type B Flute, Type C Flute, Type E Flute and Type F Flute), Style (Regular Slotted Container (RSC), Full Overlap Container (FOL), Half Slotted Type, Telescope Type, Fold Type & Tray And Others), Printing (Lithography, Flexo, Digital Printing, Rotogravure, Silkscreen and Others), End-User (Food and Beverages, Household Products, Cosmetics, Healthcare & Pharmaceuticals, Personal Care, Shipping & Logistics, Electronics, Textile, E-Commerce and Others), Country (Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific) Industry Trends and Forecast to 2028
Market Analysis and Insights: Asia-Pacific Corrugated Box Market
Corrugated box market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing at a CAGR of 6.1% in the forecast period of 2021 to 2028 and expected to reach USD 99,465.80 million by 2028.
Corrugated box products are designed to give an extreme protection to the goods such as fragile, heavy, bulky, or high-value products in storage and transit. A corrugated box 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.
The major restraints which may impact the corrugated box market are fluctuation in the prices of wood pulp and high maintenance cost for corrugated packaging machinery declines. The profitability margins are impacting the growth of the market.
Several boosters associated with the corrugated box market include growing small and medium-sized corrugated boxes in the food and beverage packaging industry and increasing preferences for recycled corrugated products in the packaging industry.
This corrugated box market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised 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 market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Asia-Pacific Corrugated Box Market Scope and Market Size
Corrugated box market is segmented of the categorized into type, material, flute, style, printing and end-user. The growth among segments helps you analyse 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 type, the corrugated box market is segmented into single-phase corrugated, single wall corrugated box, double wallboard and triple wallboard. The single-wall corrugated box is dominating because of more demand in China and India due to the increase in food and electronic products stored and exported to different counties.
- On the basis of material, the corrugated box market is segmented into recycled corrugates and virgin corrugates. The recycled corrugates segment is dominating due to increasing demand for low toxic material for manufacturing corrugated boxes fosters the need for recycled corrugates.
- On the basis of flute, the corrugated box market is segmented into type A flute, type B flute, type C flute, type E flute and type F flute. The type C flute segment is dominating because of increasing demand for high-strength boxes increases shipping and logistics.
- On the basis of style, the corrugated box market is segmented into regular slotted container (RSC), full overlap container (FOL), half slotted type, telescope type, fold type & tray and others. The regular slotted container (RSC) segment is dominating due to the less wastage of raw material.
- On the basis of printing, the corrugated box market is segmented into lithography, flexo, digital printing, rotogravure, silkscreen and others. The lithography segment is dominating due to the increasing demand for high-quality printed packaging products.
- On the basis of end-user, the corrugated box market is segmented into food and beverages, household products, cosmetics, healthcare & pharmaceuticals, personal care, shipping & logistics, electronics, textile, e-commerce and others. The food and beverage segment is dominating due to the large population in developing countries increasing the demand for food products.
Corrugated Box Market Country Level Analysis
Asia-Pacific corrugated box market is analysed and market size information is provided by country, type, material, flute, style, printing and end-user as referenced above.
The countries covered in Asia-Pacific corrugated box market report are Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Indonesia, Malaysia, Philippines, and Rest of Asia-Pacific.
- In Asia-Pacific corrugated box market, China is dominating the market due to the increase in food and electronic products stored and exported to different counties.
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 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 demand for Fit-to-Go Packaging in the Food Industry
Asia-Pacific corrugated box market also provides you with detailed market analysis for every country growth in installed base of different kind of products for corrugated box market, impact of technology using life line curves and changes in corrugated box market regulatory scenarios and their impact on the corrugated box market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Corrugated Box Market Share Analysis
Asia-Pacific corrugated box 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, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, 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 Asia-Pacific corrugated box market.
The major players covered in the report is VPK Packaging Group, Packaging Corporation of America, Oji Holdings Corporation, DS Smith, Mondi, WestRock Company, International Paper, Stora Enso, Rengo Co., Ltd., Nine Dragons Worldwide (China) Investment Group Co., Ltd., Cascades inc. other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product launches and agreements are also initiated by the companies’ worldwide which are also accelerating the corrugated box market.
For instance,
- In February 2020, International Paper has been recognized by the Ethisphere as the most ethical company for the year. This development helps company to increase the goodwill in the market
Collaboration, joint ventures and other strategies by the market players is enhancing the company market in the corrugated box market which also provides the benefit for organisation to improve their offering for corrugated box market.
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