Corrugated Packaging Industry Competitive Dynamics, Target Audience, Global Size, Outlook and Forecast To 2023

Corrugated Packaging Industry Overview

The global Corrugated Packaging Industry has experienced a humongous growth over the past years and as per the estimation the global Corrugated Packaging Industry will grow more on a rapid pace during the forecast period. The rising population and growing per capita income are the major growth driver for this market. Along with this the growing applications segment such as food & beverages, personal care, Pharmaceuticals & healthcare, consumer goods, electronic goods have contributed a major role in the overall market growth. Corrugated Packaging is one of the most preferred packaging for small, medium and large sized products which in turn has increased the demand across the globe.

The global Corrugated Packaging Industry is expected to reach ~USD 250.9 billion by 2025 and is expected to witness ~5.9% CAGR during the forecast period.

Key Players

Archis Packaging India Pvt. Ltd., Mondi Group (US), Smurfit Kappa Group (Ireland) , International Paper Company (Tennessee), Orora Packaging Australia Pty Ltd (Australia), WestRock (US), Georgia-Pacific LLC (Atlanta), KapStone Paper, Europac Group (U.K.), Packaging Corporation (US) and Nefab Group (Sweden) are some of the leading players of the Global Corrugated Packaging Industry. Profiling them in its analysis, MRFR explores strategies that keep them at the forefront of competition.

Competitive Analysis

The Corrugated Packaging Industry is competitive and fragmented owing to the presence of several big & small market players forming a competitive landscape. Key players are adopting the strategic trend of business expansion in the emerging markets.

Key market players are keen on taking care of ecological norms. In order to manufacture cardboard boxes without affecting the containers’ strength or durability; they reinforce corrugation inside the panels. This resultantly reduces both cost and wastage.

Segments

For the convenience of the report and enhanced understanding; the market of Corrugated Packaging is segmented in to 4 key dynamics.

By Types                                 :  Comprising Slotted boxes, Self-Erecting Boxes / Auto-Bottom Boxes, Bliss / Rigid Boxes & Telescope boxes, etc.

By Applications                       : Personal Care, Food & Beverages, Pharmaceuticals & Healthcare, Electronic Goods, Paper Industry, among others.

By Wall Construction :  Single, Double and Triple-wall corrugated packaging.

By Regions                              :  North America, Europe, APAC and Rest of the World.

 

Geographical Analysis

North America market in 2016, dominated the global Corrugated Packaging Industry with 33.4% share. The region is further expected to grow at 5.69% CAGR during the review period. This growth of the region attributes to the burgeoning e-commerce industry fueled by the increasing cross-border trade and huge demand for online shopping.

On the other hand, Asia-Pacific region, emerging as the fastest growing market of Corrugated Packaging registered 6.39% of a CAGR in 2016. Growing with the lucrative opportunities in packaging industry and growing ecommerce industry in the region, APAC is expected to register a fabulous CAGR during the forecast period.

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