Global Corrugated Packaging Market is estimated to reach $218 million by 2024; growing at a CAGR of 4.1% from 2016 to 2024. Corrugated packaging is the method of matching design factors for corrugated fiberboards with the physical, functional, processing and end-use requirements. They are manufactured to meet the performance needs of a box while regulating total costs throughout the packaging system. These are used frequently as shipping containers for shipments of large consignments and for storage. They need to encompass the product from manufacturing, distribution to sale and sometimes end-use. These products are mainly manufactured with recovered fibers, due to which it is considered as a sustainable or environmental friendly packaging solution.
Global Corrugated Packaging Market Size and Forecast, 2015 - 2024 (US$ Million)
Increasing use in end-user industries such as medicines, consumer durables, rubber, petroleum, and food, low cost& strength, increasing demand ofcorrugated packaging due to organized retailing, and rapid growth of manufacturing sectorare some of the other factors which are expected to add to the market growth. However, high tendency to distort along with low degree of durability are the factors, which are expected to significantly hinder the growth of the market over the forecast period. Moreover, rising demand for consumer products in parallel to growing population are factors, which would offer notable growth opportunities to the global corrugated packaging market.
The global corrugated packaging market has been segmented into application, and geography. On the basis of application, the market has been segmented asprocessed food, fresh food and produce, beverages,personal and householdcare, chemicals,paper products,electrical and electronic goods,glassware and ceramics,tobacco, and other applications.
Global Corrugated Packaging Market, by Application
Based on geography, the global corrugated packaging market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe segment consist of UK, Germany, Spain, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia- Pacific, while RoW is bifurcated into South America, Middle East, and Africa.
Global corrugated packaging market Regional Revenue % (2016 Vs 2024)
The key players operating in the market are Smurfit Kappa Group Plc, Nine Dragons Paper Limited,U.S Corrugated, Inc., DS Smith Plc, Mondi Group, Georgia-Pacific LLC, Rock Tenn Company, Sravan Corrugaters Private Limited, NEFAB Group, and Rengo Co.,Ltd., among others.
The key takeaways from the report
- The report will provide detailed analysis of Corrugated Packaging Market with respect to major segments such as application
- The report will include the qualitative and quantitative analysis with market estimation over 2015 - 2024 and compound annual growth rate (CAGR) between 2016 and 2024
- Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
- An exhaustive regional analysis of Corrugated Packaging Market has been included in the report
- Profile of the key players in the Corrugated Packaging Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Corrugated Packaging Market
- Processed Food
- Fresh Food and Produce
- Personal and Household Care
- Paper Products
- Electrical and Electronic Goods
- Glassware and Ceramics
- Other Applications
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Middle East
Global Corrugated Packaging Market Primary Interviews by Geography