According to a research analysis conducted by ChemView Consulting, in 2022, the worldwide Corrugated Box market was worth US$ 135.1 Bn and is expected to grow at a CAGR of 4.8% over the forecast period. The market is expected to hit US$ 196.6 Bn by 2030 end.
How Covid-19 Opens Up New Opportunities In The Corrugated Box Market?
The COVID-19 pandemic has had a tremendous effect at the aluminum enterprise worldwide, and it's miles tough to estimate the severity and quantity of the effect over time. According to U.S. authorities records as of August 2020, about 198,000 dental clinics and hospitals had been closed because of the Coronavirus outbreak.
As a end result of the recession that observed the pandemic, the packaging enterprise turned into negatively impacted. In mild of the COVID-19 pandemic and the surprising drop and uncertainty in uncooked cloth prices, packaging answer producers round the sector had been dealing with tremendous challenges.
Despite those challenges, e-trade has elevated drastically because the pandemic. Retail income at the e-trade platform have grown dramatically because the outbreak. The annual increase price in e-trade exchange in Europe is projected to be round 20%.
What Is Limiting The Growth Of The Corrugated Box Market?
The increase of the corrugated field marketplace is slowed via way of means of fierce opposition from bendy plastic packaging. Flexible packaging presents the satisfactory price for producers and retailers. This is because of its cappotential to lessen packaging weight which leads to decreased transport and warehousing costs. Consequently, much less area is wanted for the packaging.
Consumers might also additionally locate the pouches extra handy to apply due to functions which include single-serve portions, an easy-starting seal, and peel-and-seal options. Also, they flavor higher in retort pouches than they do in tin cans.
A extra bendy packaging device consequences in a 40% discount in universal packaging costs, permitting landfill waste to be decreased via way of means of 50% and greenhouse gas (GHG) emissions to lower via way of means of 62%.
Owing to those reasons, producers and packaging converters are switching from inflexible to bendy packaging substances because of elements which include convenience, portability, financial savings in costs, sustainability, and fitness benefits. Compliance with environmental requirements at some point of manufacturing poses a assignment for the corrugated field marketplace.
Although corrugated containers are an increasing number of in call for amongst consumers, the excessive power intake and the environmental affects with which they're related act as a prime challenge to their inclusion as a exceedingly sought-after packaging product.
In addition to the usage of timber pulp of their manufacturing, corrugated containers have a tremendous environmental effect. As a end result, the power wanted for manufacturing is drastically better than the power required
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A list of some of the key players present in the market are:
- Mondi Group Plc
- Bee Packaing
- DS Smith Packaging Limited
- Oji Holdings Corporation
- Smurfit Kappa Group Plc
- International Paper Company
- WestRock Company
- Georgia Pacific Packaging LLC
- Pratt Industries, Inc.
- Tat Seng Packaging Group
- VPK Packaging Group nv
- STORA ENSO OYJ
- Nelson Container Corporation
- Great Little Box Company Ltd.
- Acme Corrugated Box Co. Inc.
Market Segments Covered in Report
By Board type:
- Single Face Board
- Single Wall Board
- Double Wall Board
- Triple Wall Board
By Grade type:
- Liner
- Fluting Medium
By Product Type:
- Slotted Box
- Folder Box
- Telescope Box
- Die-Cut Box
By Material Type:
- Virgin
- Recycled
By Printing Technology:
- Digital Printing
- Flexography Printing
- Lithography Printing
- Others
By End Use:
- Food
- Beverages
- Electricals & Electronics
- Pharmaceuticals
- Textiles & Apparels
- E-commerce
- Building & Construction
- Personal Care & Cosmetics
- Chemical & Fertilizers
- Others
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Global Corrugated Box market 2022-2030: Report Coverage and Highlights
- Assessment of the historical and current market size (2017-2021), market projections (2022-2030), and its contribution to the parent market
- Key drivers, restraints, opportunities, and key emerging trends impacting market growth
- Predictions on critical supply, demand, and technological trends and changes in consumer behavior
- Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
- Segment-wise, country-wise, and region-wise market analysis
- Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
- Key product innovations and regulatory framework
- Covid-19 impact on the market and how to navigate
- Strategic market analysis and recommendations on crucial winning strategies
For More Details Visit our Report Page:https://chemviewconsulting.com/reports/corrugated-box-market/
About ChemViewConsulting:
ChemView Consulting is a leading market research firm in the Asia Pacific, with expertise in Chemicals & Materials, Food & Beverages, Packaging, Oil & Gas, New & Renewable Energy, and Disruptive Technologies. We are one of the top market intelligence firms specializing in business analytics with an expertise in the ever-growing chemicals industry. We track high-growth markets with innovative ideas and opportunities insights through B2B research.
Our client base ranges from industry experts, investors, top companies in the chemicals; and oil & gas industry to SMEs, start-ups, and new entrants. We have worked with over 100 companies to upscale their position as the global leader in the chemical & materials landscape with our cutting-edge analytics and advisory services.
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