The latest market report published by Credence Research, Inc. “Corrugated Box Packaging Market, By Application – Growth, Future Prospects and Competitive Analysis, 2016 – 2024,” the global corrugated box packaging was valued at US$ 142.0 Bn in 2015, and is expected to each US$ 210.9 Bn by 2024, expanding at a CAGR of 4.6% from 2016 to 2024.
Market Insights
Rising modernization and demand for quality packaging solutions have led to incorporation of advanced techniques among corrugated box manufacturers. Of different attributes, packaging plays a pivotal role in development of corrugated box products. This is further leading to significant demand for corrugated box packaging majorly in fresh produce, processed food products and electrical products. Corrugated box packaging market growth is attributed to rising disposable income leading to demand for both food and non-food products, government avocation for green packaging, cheap prices, rising application of corrugated boxes in different applications owing to sustainable packaging, increased internet shopping, printing, concerns among manufacturers regarding product safety and convenience to the consumer. However, durability offered by corrugated box packaging for few products is a concern for corrugated box manufacturers, thereby limiting its adoption as compared to other available packaging types and hindering market growth. Corrugated box manufacturers are keen on developing durable products catering to the demand for efficient packaging to be used for glass, electronics and other fragile products.
Browse the full Corrugated Box Packaging Market – Growth, Future Prospects and Competitive Analysis, 2016 – 2024 report at http://www.credenceresearch.com/report/corrugated-box-packaging-market
In 2015, North America dominated the market in terms of revenue share, followed by Asia Pacific and Europe. North America accounted for around 37% of the overall corrugated box packaging market. Asia Pacific is further expected to record highest CAGR over the forecast period. Factors fuelling the corrugated box packaging market growth in the region include China being the top producer of corrugated boxes, significant demand for corrugated box in growing food and beverages industry in India and China, growing processed food industry and increasing consumer preferences for sustainable packaging.
Companies are focused on enhancing product line mitigating concerns such as environment-friendly and sustainable packaging, adequate requirements related to shelf-dimensions and shipping density, boxes having water repellant coatings and high-barrier protection leading to both food and non-food applications of corrugated box packaging. Also, corrugated box packaging market is witnessing strategic alliances among both international as well as local players across the value chain. Some of the prominent players identified in the corrugated box packaging market include Mondi Group, Packaging Corporation of America, WestRock Company, International Paper Company, Nine Dragons Paper (Holdings) Limited, Lee & Man Paper Manufacturing Ltd., Smurfit Kappa Group, DS Smith Plc., Oji Holdings Corporation and Georgia-Pacific Equity Holding LLC.
Related Reports- https://www.credenceresearch.com/industry/automotive-and-transportation-market
Table of Content
- 1. Preface
- 1.1. Report Scope and Description
- 1.2. Research Methodology
- 1.2.1. Phase I-Secondary Research
- 1.2.2. Phase II-Primary Research
- 1.2.3. Phase II-Expert Panel Review
- 1.2.4. Assumptions
- 1.2.5. Approach Adopted
- 2. Executive Summary
- 2.1. Global Corrugated Box Packaging Market Snapshot
- 2.1.1. Global Corrugated Box Packaging Market by Application,2015
- 2.1.2. Global Corrugated Box Packaging Market by Geography,2015
- 3. Global Corrugated Box Packaging Market Dynamics
- 3.1. Market Overview
- 3.2. Value Chain Analysis
- 3.3. Drivers
- 3.4. Challenges
- 3.5. Future Prospects
- 3.6. Impact Analysis of Drivers and Challenges During the Forecast Period, (2016-2024)
- 4. Global Corrugated Box Packaging Market Size (US$), By Application, 2013 – 2024
- 4.1. Overview
- 4.1.1. Market Share Analysis by Application, 2015 vs. 2024
- 4.1.2. Attractive Investment Proportion by Application
- 4.2. Food & Beverage
- 4.3. Automotive
- 4.4. Electronics
- 4.5. Health & Hygiene
- 4.6. Pharmaceuticals
- 4.7. Other Consumer Goods
- 5. Global Corrugated Box Packaging Market Size (US$), By Geography, 2013 – 2024
- 5.1. Overview
- 5.1.1. Market Share Analysis by Geography, 2015 vs. 2024
- 5.1.2. Attractive Investment Proportion by Geography
- 5.2. North America Corrugated Box Packaging Market Analysis, 2013 – 2024
- 5.2.1. North America Corrugated Box Packaging Market Size (US$), By Country, 2013 – 2024
- 5.2.1.1. U.S.
- 5.2.1.2. Canada
- 5.2.2. North America Corrugated Box Packaging Market Size (US$), By Application, 2013 – 2024
- By Application:
- Food & Beverage
- Automotive
- Electronics
- Health & Hygiene
- Pharmaceuticals
- Other Consumer Goods
- Browse the full Corrugated Box Packaging Market – Growth, Future Prospects and Competitive Analysis, 2016 – 2024 report athttp://www.credenceresearch.com/report/corrugated-box-packaging-market
- By Geography:
- For the purpose of this study, the global corrugated box packaging market is categorized into:
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- Italy
- U.K.
- Russia
- Rest of Europe
- Asia Pacific
- India
- China
- Japan
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
- About Us:
- Credence Researchis a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
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