Global Corrugated Packaging Market Research Report - Forecast to 2025
Published | July 2019
According to Blueweave Consulting, the global Corrugated Packaging market is anticipated to reach XX.XX Billion by the end of 2025 and projected to increase significantly with a CAGR of X.XX% during the forecast period. The market is compelled by various factors like increasing consumer preference coupled with laws regarding product packaging are encouraging the utilization of environment-friendly packaging products, and is boosting the market growth of corrugated packaging. Rapid penetration in numerous applications like cosmetics, electronics, consumer goods, pharmaceuticals, automotive, chemicals, and food & beverage sectors will further propel the demand for corrugated packaging in the coming years.
Owing to the thriving e-commerce industry the demand of corrugated packing witnessed the upward trend during the forecast period. Features like low weight, brilliant strength, and recyclability, e-commerce and other companies are progressively adopting corrugated packaging products for safe product delivery.
Rigid boxes is projected to lead the entire market and estimated to maintain its dominance throughout the forecast period of 2019-2025, registering a CAGR of XX.XX%. Due to the multipurpose usage of corrugated rigid boxes such as less cost, weight and eco-friendly in nature the demand for rigid corrugated boxes are rapidly increasing throughout the forecast period. However, the slotted boxes segment is likely to increase at a high pace and projected to touch USD X.XX billion by 2025. Factor like enhanced water resistance, corrosion resistance and thriving e-commerce industry will generate the demand for slotted boxes at a higher pace.
Based on the wall construction, single wall segment is projected hold the largest market share registering more than XX% in the year 2018. Increase in consumer spending, strict standards & laws, advancement in technology, inexpensive and easily availability, projected to have a positive impact on the development of market growth over the forecast period. However, double wall corrugated boxes is anticipated to register a CAGR of X.XX% and likely to touch X.XX billion by 2025.
Based on the application, market can be segmented into Food & Beverages, Electronic Goods, Personal Care, Healthcare, Consumer Goods, and Others. Food & Beverages applications anticipated as the most lucrative segment and expected to touch XX.X billion by 2025.
Geographically, the global Corrugated Packaging market is analyzed across North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. In 2018, the North America accounted for the maximum market share of XX.X% and projected to dominate the overall Corrugated Packaging market over the forecast period due to the amassed ecommerce industry and changing consumer trends towards online shopping. Asia-Pacific is projected to be the fastest growing region of entire corrugated packaging market.
The key players of global corrugated packaging market includes 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.) and Nefab Group (Sweden).
Objective of Global Corrugated Packaging Market Analysis & Forecast, from 2019-2025
· To provide detailed analysis of the market structure along with forecast of various segments and sub-segments of the corrugated packaging market
· To provide insights about factors affecting the market growth
· To analyze the global corrugated packaging market based on various tools such as Value Chain Analysis, and Porter’s Five Forces Analysis
· To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
· To provide country level analysis of the market with respect to the current market size and future prospective
· To provide country level analysis of the market for segments by type, was construction, application and region
· To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
· To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the corrugated packaging market
· Corrugated packaging manufacturers
· Distributer & Supplier companies
· End Users
· consultants and Investment bankers
· Government as well as Independent Regulatory Authorities
The global corrugated packaging market is anticipated to reach USD XX.XX billion by 2025.
· In 2018, rigid boxes type segment in corrugated packaging market accounts for the largest market share over the forecast period.
· On the basis of wall construction, Single-wall segment dominates the entire corrugated packaging market with a CAGR of X.XX%
· By application, Food & Beverages segment holds the largest market share with an annual growth rate of X.XX% during forecast period
· Geographically, North America is the most lucrative market in global corrugated packaging market followed by European region.
Regional and Country Analysis of global corrugated packaging market Estimation and Forecast
The reports also cover country level analysis:
ü Rest of Europe
Asia – Pacific
ü Saudi Arabia
ü Rest of MEA
ü Rest of Latin America