Global Corrugated Fiberboard Boxes Market Future Scope, Trends, Analysis, Size by Material (Paperboard, Adhesives, Inks, Waxes) by Product (Corrugated & Solid fiber boxes, Set-up Paperboard boxes, Folding Paperboard boxes) by Application (Durable goods, Food & Beverages, Paper & Publishing, Chemicals) and by Region - Global Forecast to 2023
Corrugated Fiberboard Boxes Market Overview
The corrugated and paperboard boxes are defined as crimped layers of cardboard that is crammed amidst the two thin outer layers. Market Research Future (MRFR) has published a research report about the global Corrugated Fiberboard Boxes Market that anticipates advancement at 4% CAGR between 2017 and 2023.
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Crucial factors driving the global Corrugated Fiberboard Boxes Market growth include rising population and growing per capita income. Other factors aiding the market growth is applications using such boxes, surging e-commerce industry, increasing penetration of internet & mobile, ban on the plastic packaging, rapid growth in the electronics sector.
Influential players to impact the global Corrugated Fiberboard Boxes Industry include
- Cascades Inc. (Canada)
- DS Smith PLC (UK)
- Georgia-Pacific Corporation (USA)
- Graphic Packaging International Inc. (USA)
- International Paper Company (USA)
- Klabin S.A.(Brazil)
- Mondi Group (Austria)
- Nine Dragons Paper(Holding) Limited (China)
- Nippon Paper Industries Co. Ltd (Japan)
- Oji Holding Corporation (Japan)
- Orora Packaging Australia Pty Ltd (Australia)
- Packaging Corporation of America (USA)
- Rengo Co. Ltd. (Japan)
- Smurfit Kappa Group (Ireland)
- WestRock (USA)
Corrugated and Paperboard Boxes Market Regional Analysis
The regional segmentation of the global Corrugated Fiberboard Boxes Market lists regional markets known as the Asia Pacific, North America, Europe, and Rest of the World (RoW). Asia Pacific region dominates the global market. Due to the rapid growth in the e-commerce industry, and food & beverages sectors are leading to the speedy growth in demand for corrugated and paperboard boxes. With internet penetration and rising disposable income, more online shopping is happening in this region, especially in China and India. Japan is another major country-specific market, followed by the remaining countries of the Asia Pacific region.
North America also holds an impressive share in the global market due to the rising electronic industry and food & beverages industry. Massive food subsidization in the U.S. is contributing to market growth. Canada is the second crucial country-specific market in this region.
Over the review period, the European market is expected to witness steady growth as the substitute packaging methods are on the rise in many European countries like France, Germany, Italy, and the United Kingdom (UK).
Corrugated Carton Boxes Market Segmentation
The global market segmentation for Corrugated Fiberboard Boxes Market covers application, material, product, and region. The application-based segmentation encompasses consumer goods, chemicals, durable goods, electronic goods, food & beverages, paper & publishing, personal care, and pharmaceuticals & healthcare. During the forecast period, the durable goods segment is expected to be the fastest-growing application due to the rise in the global sale of electronic goods and home appliances.
Based on material, the market has been segmented into adhesives, inks, paperboard, and waxes. The paperboard segment is anticipated to dominate the market over the review period due to the rising implementation of paperboard packaging across various end-use applications.
In the context of the product, the market segmentation covers corrugated & solid fiber boxes, folding paperboard boxes, set-up paperboard packing boxes, and others. Corrugated & solid fiber boxes segment dominates the market due to their durability. Hence, these are preferred for long-distance transportation of a wide variety of products.
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Related Report : https://www.marketwatch.com/press-release/corrugated-boxes-market-2019-size-trends-share-application-by-type-global-analysis-by-top-players-revenue-business-overview-future-scope-and-regional-forecast-by-2025-2019-11-12
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