Global Corrugated Boxes Market by type (Slotted Boxes, Rigid Boxes, Telescope Boxes, and Folder Boxes), by material type (Linerboard, Medium, and Others), by end-use industry (Food & Beverages, Electronic Goods, Homecare, and Others), by printing ink (Water-Based Ink, Hot Melt-Based Ink, UV-Curable Ink , and Solvent-Based Ink), by printing technology (Digital Printing, Flexography Printing, Lithography Printing, and Others), and by region (North America, Europe, Asia Pacific, Middle East & Africa, and South America)” Global Corrugated Boxes Market was valued at US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 5.91% during a forecast period.
Increasing popularity of online shopping, which is influencing the demand for packaging products, such as corrugated boxes. Corrugated boxes provide optimum protection during shipping and handling, which is driving the corrugated boxes market growth in a positive way. The rise in demand for packaging solutions from various end-use industries such as food & beverages, electronic goods, and e-commerce industries, which is anticipated to propel the global corrugated boxes market growth during the forecast period. However, high installation costs of machinery and equipment, which is estimated to hamper the global corrugated boxes market growth during the forecast period. In addition, maintenance cost is high which is also expected to restrain the global corrugated boxes market growth in the near future.
The food & beverages segment is leading the Corrugated Boxes Market.
The food & beverages industry is expected to hold the largest share in the global corrugated boxes market growth during the forecast period owing to the growing expansion of this industry across the globe. In addition, the growing popularity of packaged food products among consumers and increasing population across the globe, which are driving the global corrugated boxes market growth in a positive way. However, homecare segment is also expected to surge the global corrugated boxes market growth during the forecast period owing to increasing spending power of consumers across the globe.
North America is the leading regional market for Corrugated Boxes Market.
North American is expected to hold the largest share in the corrugated boxes market during the forecast period owing to rising demand from e-commerce industry from this region. The US is expected to drive the corrugated boxes market in this region during the forecast period. Europe is also estimated to boost the global corrugated boxes market growth in the near future owing to increasing demand for corrugated boxes from various end-use industry such as electronic goods and food & beverages. Germany is projected to surge the corrugated boxes of market growth in a positive way. The Asia Pacific is expected to generate the highest CAGR in the market during the forecast period owing to growing globalization and industrialization in developing countries of this region such as India and China. In addition, increasing disposable incomes of consumers and growing consumer base in this region is also expected to fuel the corrugated boxes market growth in a positive way.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as are WestRock Company, Mondi Group Plc., International Paper Company, DS Smith Plc Smurfit Kappa Group Plc, Action Box Inc., Acme Corrugated Box Co. Inc., Wertheimer Box Corporation, Shillington Box Co., LLC, Georgia Pacific LLC, Pratt Industries, Inc., Oji Holdings Corporation, Stora Enso Oyj, Tat Seng Packaging Group Ltd., VPK Packaging Group nv, Nelson Container Corporation, Great Little Box Company Ltd., Bee Packaging, A.D. Incorporated of Milwaukee, and Shanghai DE Printed Box.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for taking an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Market positioning of competitors.
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