Bizizz Market Research has recently published a research report, “Corrugated Boxes Market By Product Type (Slotted Box, Folder Box, Telescope Box and Die Cut Box), Material (Virgin Containerboard and Recycled Containerboard), Application (Food, Beverages. Electrical & Electronics, Textiles & Apparels, Tobacco, E-commerce, Building & Construction, Homecare, Automotive & Allied Industries, Healthcare, Personal Care & Cosmetics, and Chemicals & Fertilizers), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Corrugated Boxes Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 161.5 Bn by 2027, witnessing a CAGR of 4.6 % during the forecast period. Key drivers of the market are
Globally an increasing e-commerce industry is stimulating the growth of different packaging formats in the market constituting of corrugated boxes. Increased concerns of the product safety is necessary for online retailers, they choose corrugated boxes having proven effective transportation packaging. Other key factors determining its market growth is the plunge in the demand for packaged food products because of a shift in the lifestyle along with the rising disposable income. Steadily increasing demand of corrugated boxes from different end-users are important factors propelling its market growth in the global corrugated boxes market. Corrugated boxes market is being rising because of its recyclable nature and design propelling its market growth.
The Corrugated Boxes market is anticipated to register a CAGR of over 4.6% during the forecast period.
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By Application, food and beverages segment held a key share in Global Corrugated Boxes Market in 2018.
The global demand for corrugated boxes market, along with the food and beverage usage segment is playing a important role in for the growth of its market and anticipated to maximize its revenue share. Food and beverages shall continue its the leading market for corrugated boxes during the forecast period, it accounted for 43 percent of global demand. Moreover, the factors including purchasing power and health concerns among consumers in the developing nations are anticipated to propel demand for corrugated boxes.
North America is Anticipated to Dominate the Global Corrugated Boxes Market during the Forecast Period
The North America region is estimated for a significant share of xx% in 2018 and is anticipated to continue its dominance during the forecast period. Different mergers and acquisitions in this region incluidng Westrock Company are being observed for increasing competency in the global market. Consolidation and mergers & acquisition of key players are being observed in the region. Different corrugated boxes produced have adopted different initiatives to improve its production capacities by an increasing demand of corrugated boxes in retail e-commerce packaging industry.
Global Corrugated Boxes market was moderately consolidated with key players accounting for significant share in 2018. Organizations are offering innovative corrugated boxes to the end-users for improving the market competency and expand its market share.
Prominent players operating in the Global Corrugated Boxes Market are: Acme Corrugated Box Co. Inc., WestRock Company, VPK Packaging Group nv, Nelson Container Corporation, Oji Holdings Corporation, Smurfit Kappa Group, DS Smith Packaging Limited, Stora Enso Oyj, Mondi Group Plc, Great Little Box Company Ltd., Action Box Inc., Georgia Pacific LLC, Pratt Industries, Inc., Tat Seng Packaging Group Ltd., and Shanghai DE Printed Box., among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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