Global Corrugated Board Packaging Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2028
“Corrugated Board Packaging Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The corrugated board packaging market report has been segmented as per product type, end user, and region.
Corrugated Board Packaging Market: Overview
Corrugated board products are mainly used for packaging of foods. Corrugated fiberboard or cardboard is available in combination of three sheet of paper. Corrugated board has a high demand across the globe as a high performance packaging material for packaging, protection and promotion of various products. Corrugated board provides various shape and sizes for packaging and easy customization is also possible as per consumer requirements.
Corrugated Board Packaging Market: Dynamics
Growing demand for customized corrugated board in various types of shape and sizes for material packaging is a key factor expected to boost growth of the global market over the forecast period. In addition, increasing awareness about recyclable materials from corrugated board also anticipated to bolster demand for corrugated board and drives growth of the target market over the forecast period. In addition, rising requirement for environment friendly packaging is another major factor fueling growth of the target market.
Additionally, growth of e-commerce sector owing to online shopping activities is also anticipated to boost demand for corrugated board packaging and drives growth of the target market.
Furthermore, increasing adoption of corrugated board packaging worldwide owing to high efficiency and low cost of material is anticipated to propel demand for the corrugated board packaging products in the next 10 years.
However, limitations of corrugated board for packing of heavy items, may hamper demand for corrugated board packaging and restrain growth of the target market during the forecast period. Also, in case of weatherproofing corrugated cardboard is not a viable option for packaging and transportation among individuals is another factor may hinder growth of the target market to a certain extent.
Corrugated Board Packaging Market: Segment Analysis
Among the product types, the corrugated boxes segment account for major share in the global corrugated board packaging market, owing to high strength, good quality, and it can carry heavy products in industry.
Among end user, the personal and household care segments hold the major share in corrugated board packaging. In addition, this divide into various types such as, single wall, twin wall and triple wall.
Corrugated Board Packaging Market: Region Analysis
The market in North America accounted for highest revenue share in the global corrugated board packaging market followed by Europe, owing to awareness about the corrugated board packaging.
Market in Asia Pacific is expected to register a significant growth in terms of CAGR in the global market, owing to growth in demand for the fresh food, personal and household care in countries such as China and India in the region. The target markets in Middle East & Africa and Latin America, are expected to witness moderate growth in terms of revenue, due to demand for corrugated board in the region.
Corrugated Board Packaging Market Segmentation:
Segmentation by Product Type:
- Paper Bags
- Sacks and Boxboard
- Paperboard Cartons
- Corrugated Boxes
Segmentation by End-use:
- Food and Beverages
- Paper Product
- Personal and Household Care
- Electrical Good
- wood and Timber Products
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Nine Dragons Paper (Holdings) Limited
- Smurfit Kappa Group
- West Rock Company
- Lee & Man Paper Manufacturing Ltd.
- Georgia-Pacific Equity Holdings LLC
- Mondi Group
- Oji Holdings Corporation
- DS Smith PLC
- Packaging Corporation of America
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