Global Corrugated Packaging Market Information - by type (Bliss / Rigid Boxes, Self-Erecting Boxes, Telescope boxes, Slotted boxes and others), by Wall Construction (Single-wall, Double-wall and Triple-wall), by application (Food & beverages, Electronic goods, Personal care, Pharmaceuticals & healthcare and Others) and by Region - Forecast to 2023

Pune, India -- (SBWire) -- 04/11/2018 --The Global Corrugated Packaging Market has experienced a humongous growth over the past years and as per the estimation the Global Corrugated Packaging Market will grow more on a rapid pace during the forecast period. The rising population and growing per capita income are the major growth driver for this market. Along with this the growing applications segment such as food & beverages, personal care, Pharmaceuticals & healthcare, consumer goods, electronic goods have contributed a major role in the overall market growth. Corrugated Packaging is one of the most preferred packaging for small, medium and large sized products which in turn has increased the demand across the globe. Growing ecommerce industry has become on the major trend in the Global Corrugated Packaging Market. Banning of plastic packaging has also become the major reason for the rising demand of Corrugated Packaging Market.

Key Players:

- Mondi Group (U.S.)
- Smurfit Kappa Group (Ireland)
- International Paper Company (Tennessee)
- Orora Packaging Australia Pty Ltd (Australia)
- WestRock (U.S.)
- Georgia-Pacific LLC (Atlanta)
- Archis Packaging (India) Pvt. Ltd.
- Europac Group (U.K.)
- KapStone Paper and Packaging Corporation (U.S.)
- Nefab Group (Sweden)

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Key Findings

- North America dominate the Global Corrugated Packaging Market with a share of 33.4% in 2016, in terms of value. It is expected to grow at a CAGR of 5.69% during the forecast period.
- Asia-Pacific is the fastest growing region with a CAGR of 6.39% owing to the emerging economies coupled with lucrative opportunities in packaging industry and growing ecommerce industry.
- Rigid boxes segment expected to witness growth in Global Corrugated Packaging Market with share of 29.50% in 2016, in terms of value. It is expected to grow at 6.04% CAGR during the forecast period.

Global corrugated packaging has very broad market in coming recent years. MRFR analysts has predicted that food & beverages and consumer goods industry are about to grow at a rapid pace, moreover, the speedy rising ecommerce business has also been a growth momentum which means more demand for these industries and in turn for corrugated packaging.

Industry/ Innovation/ Related News:

In 2016, Mondi Group acquired SIMET S.A., the corrugated plant in Poland, to expand and upgrade their operation to high-efficient box plant, which includes corrugated line for on-site board production.

On 9th Aug 2016, Orora opened corrugated packaging and cold storage facility in Bundaber.

In 2017, WestRock planned to acquire multi packaging solutions for broadened product capabilities and expanded presence in targeted end markets.

In 2017, the company collaborated with Sun Chemical, the leading producer of printing inks and coatings so as to showcase their packaging solutions and enhance their productivity

Corrugated packaging Market - Segments:

Global Corrugated packaging Market is segmented in to four Key dynamics for an easy grasp and enhanced understanding.

Segmentation by Type: Bliss / Rigid Boxes, Self-Erecting Boxes, Telescope boxes, Slotted boxes and others.

Segmentation by Wall Construction: Single-wall, Double-wall and Triple-wall.

Segmentation by Application: Food & beverages, Electronic goods, Personal care, Pharmaceuticals & healthcare and others.

Segmentation by Region: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

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Corrugated packaging Market - Regional Analysis

Geographically, North America is a major revenue generator to the global corrugated packaging market where the US market has become one of the most attractive place for the manufacturers owing to the rising ecommerce venture and shifting trends towards online shopping. Europe is the second leading region and Asia-Pacific has emerged as the fastest growing region.

This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the Global Corrugated Packaging Market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.

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