“Growing demand for environment-friendly packaging to drive the market for corrugated boxes”
The global market for corrugated boxes is projected to grow from USD 63.29 billion in 2016 to reach USD 76.76 billion by 2021, at an estimated CAGR of 3.94%. The corrugated boxes market is driven by factors such as increasing urban population, demand for pharmaceutical supplies, and growth of the e-commerce industry. The market is further driven by factors such as increasing awareness among consumers about sustainable packaging and their pace of adopting such products is one of the biggest factors leading to increase in demand for corrugated boxes.
Complete report on Corrugated Boxes Market spread across 179 pages, Profiling 10 Companies and supported with 140 Tables and 34 Figures is now available at http://www.rnrmarketresearch.com/corrugated-boxes-market-by-material-linerboard-medium-printing-ink-water-based-solvent-based-uv-curable-hot-melt-based-printing-technology-digital-flexography-lithography-type-slotted-telescope-g-st-to-2021-market-report.html .
“Flexography printing accounted for the largest market share”
The flexography printing segment accounted for the largest market share in the next five years. The flexography printing is a quick and economical printing technique for printing on corrugated boxes. It helps to print images on uneven and rough substrates like corrugated boxes. Digital printing accounted for the second-largest market in 2015.
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“Slotted boxes accounted for the largest market share”
The slotted boxes segment accounted for the largest market share in 2015in the corrugated boxes market. Slotted boxes are ideal for shipping a variety of products such as cups, mugs, and books among others. Slotted boxes are environmental friendly, as they generate minimal waste during its manufacturing process. This factor attracts the consumers, thus making slotted boxes the largest segment.
The corrugated boxes ecosystem comprises companies such as Mondi Group Plc (South Africa), International Paper Company (U.S.), WestRock Company (U.S.), DS Smith Plc (U.K.), Smurfit Kappa Group (Ireland), and Rengo Co. Ltd. (Japan). The other players in the market are KapStone Paper and Packaging Corporation (U.S.), Cascades Inc. (Canada), Packaging Corporation of America (U.S.), and Georgia-Pacific LLC (U.S.). These provide solutions to end users to cater to their unique business requirements and needs.
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Breakdown of primaries
- Primary interviews were conducted with a number of industry experts in order to collect data related to different aspects of corrugated boxes. The distribution of primary interviews is as follows:
- By Company Type: Tier 1 – 43%, Tier 2 – 33%, Tier 3 – 24%
- By Designation: C level – 40%, Manager level – 35%, Others – 25%
- By Region: North America – 40%,Asia-Pacific – 25%, Europe – 20%, Rest of the World – 15%
On related note another research titled with “Flexible Packaging Market” is projected to grow from USD 97.97 billion in 2016 to USD 125.66 billion by 2021, at an estimated CAGR of 5.11% from 2016 to 2021. The flexible packaging market is driven by growing end user industries such as food & beverages, cosmetics & toiletries, healthcare is available at http://www.rnrmarketresearch.com/flexible-packaging-market-by-end-use-food-beverage-personal-care-pharmaceutical-material-polypropylene-bopp-cpp-polyethylene-evoh-pa-bopet-pvc-aluminum-paper-cellulosic-global-tre-market-report.html .
Explore more reports on Packaging at http://www.rnrmarketresearch.com/reports/manufacturing-construction/packaging .
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