Global Corrugated Board Packaging Market, By Product Type (Single Faced, Single Wall, Twin wall and Triple Wall), Box Style (Folding Box, Slotted Box, Telescopic Box and Rigid Box), Application (Food and Beverages, Electronic Goods, Pharmaceuticals, Beauty and Personal Care, Automobile, Health and Hygiene and Consumer Goods), End-Use (Food and Beverage Industry, Pharmaceutical Industry, Electrical Industry and Others), Country (U.S., Canada, Mexico, Peru, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Corrugated Board Packaging Market
Standing at a current market value of USD 278.4 billion in 2020, the corrugated board packaging market is expected to show a rise in the market value of USD 370.9 billion by the year 2028. Also, the market is expected to exhibit a CAGR of 4.9% for the forecast period of 2021-2028. Corrugated boards are used almost in every industry which is one of the major factors for this boom in the market.
A corrugated board is a packaging material that is used in transportation of goods that are heavy and fragile in nature. A corrugated board is a strong material that is made up of fluted corrugated sheets and one or two flat linerboards. This kind of packaging material is especially used in the transportation of goods over a long distance. As per the flute profile, the corrugated board market can be bifurcated into A-flute, B-flute, C-flute, D-flute, E-flute and F-flute. The corrugated board in a sum has a wide range of applications in all sorts of industries.
The biggest driver of this market is the eco-friendly characteristic of the product. The corrugated boards are generally made up of recycled material and this in turn serves the environment and is also cost efficient. Rapid industrialization combined with integration and interconnection between the countries has also led to the increase in demand for corrugated boards that serve the purpose of transportation of goods. Another advantage of using corrugated boards is its lightweight nature but also pressure resisting capacity. Easy handling and convenience properties of the same are the opportunities that players are taking advantage of.
Cold and humid environment have an impact on the strength and pressure holding capacity of the corrugated boxes. This in turn can act as a restraint in the growth of the demand for corrugated boxes. Many a times, the corrugated boards are not suitable for packaging of materials that are perishable in nature. This is because such items require packaging material that is durable enough to protect items which corrugated boards are not capable of. This is why corrugated boards are not used to package drinks and relative items. Because of this, the market may also see a slowdown.
This corrugated board packaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on corrugated board packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Corrugated Board Packaging Market Scope and Market Size
The corrugated board packaging market is segmented on the basis of product type, box style, application and end use. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
The corrugated board packaging market can be segmented into single faced, single wall, twin wall and triple wall on the basis of product type.
When it comes to the corrugated board packaging market on the basis of box style, the corrugated board packaging market can be bifurcated into folding box, slotted box, telescopic box and rigid box.
The corrugated board packaging market can also be divided on the basis of application such as food and beverages, electronic goods, pharmaceuticals, beauty and personal care, automobile, health and hygiene and consumer goods,
And on the basis of end-use, the corrugated board packaging market can be segmented into food and beverage industry, pharmaceutical industry, electrical industry and others.
Global Corrugated Board Packaging Market Country Level Analysis
Corrugated board packaging market is analysed and market size insights and trends are provided by country, product type, box style, application and end use as referenced above.
The countries covered in the corrugated board packaging market report are U.S., Canada and Mexico in North America, Peru, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America currently holds the largest corrugated board packaging market share. This is because North America has the highest number of pharmaceutical companies and these companies cannot survive in the absence of corrugated boards. Medicines, drugs, etc. are transported via corrugated boards only. Asia-Pacific region will witness the highest CAGR in the forecast period of 2021-2028. This is because with the increasing number of e-commerce industries, retail industries, consumer goods industries and others in this domain, the demand for corrugated board will subsequently rise because of its safe and eco-friendly characteristic.
The country section of the corrugated board packaging market 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 consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global 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.
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, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to corrugated board packaging market.
The major players covered in the corrugated board packaging market report are Ariba & Company, Cascades inc., DS Smith, Koch Industries, Inc., International Paper., Klabin S.A., Klingele Papierwerke GmbH & Co. KG, Mondi, Nine Dragons Worldwide (China) Investment Group Co., NIPPON PAPER INDUSTRIES CO., LTD., Oji Holdings Corporation., Orora Packaging Australia Pty Ltd, Packaging Corporation of America, Rengo Co., Ltd., Sealed Air, Smurfit Kappa, Waterman (Box Makers) Ltd., Bharath Paper Conversions., Fine Packaging Company and Amcor plc among others. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available: Global Corrugated Board Packaging Market
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