The report titled “China Corrugated Box Market Outlook to 2022 – By End Users (Electronics and Consumer Appliances, Food and Beverage, Beauty and Personal Care, Others), By Wall Type (Single Walled, Double Walled, Triple Walled), by Colored and Non Colored Boxes” provides a comprehensive analysis on the China corrugated box Market. The report covers various aspects including introduction and genesis to corrugated box market in China, China corrugated box market size by revenue, China corrugated box market segmentation by type of box (single walled, double walled and triple walled), by end user (FMCG, Beauty and Personal, Electronics & Appliances and Others), by Type (Color and non colored) and by type of players (Organized and Unorganized). Major players covered in the report include Xiamen Hexing, MYS Group, Rengo, Shanying, Bingxin, Yeun Foong Yu, Pacific Millennium and Shengda Group.). The report also covers Value Chain Analysis, investment model to set up a corrugated box plant in China, Government regulations, buying decision parameters from end user point of view, Snapshot on China Kraft paper market, Export and Import trade scenario, along with analyst recommendation and macroeconomic variables.
China corrugated box industry is an inevitable part of manufacturing sectors which rely heavily on corrugated packaging for finished goods transportation and handling. China corrugated box industry grew at a single digit CAGR during the period 2012-2017. Factors such as increasing demand from fresh food and beverages, home & personal care goods, electronic goods industries, logistics application, increasing consumer awareness towards sustainable packaging and growth of the e-commerce industry have propelled the growth of the China corrugated boxes market.
By Wall Type/Box
In 2017, Double Walled type of box has dominated the China corrugated box market with a majority share in terms of sales volume in 2017. Double Walled type of box has dominated the market as these boxes are now manufactured through fully automatic machines which increases the strength of the box and is used in place of Triple Walled and other type of boxes. Single Walled, Triple Walled and other boxes have contributed remaining share in the market.
By End User
In 2017, Electronics and Consumer Appliances have dominated the demand for China Corrugated box market. Electronics and Consumer Appliances contributed more than half of the share to the total sale of corrugated box market in terms of sales volume in 2017. Food and Beverage sector contributed second highest contribution to the total sale of corrugated box in terms of sales volume during 2017. Beauty and Personal Care contributed third highest share to the total sale of corrugated box in China in 2017.
By Non-Colored/Colored Box
In 2017, Colored box has contributed highest share in terms of sales volume in 2017. Non-colored boxes have second highest sales contribution in terms of sales volume during 2017.
By Organized and Unorganized Players
In 2017, unorganized players have dominated the market with a highest share in terms of sales volume while organized players contributed the remaining share in terms of production volume. This is owing to the fact that the corrugated box industry in China is highly fragmented with a lot of players with low production capacity, outdated technology and limited expertise. There are very few large enterprises which provide total comprehensive solution.
The market for corrugated boxes in China is highly fragmented with the largest player having an insignificant share in the market. Xiamen Hexing Packaging & Printing Co., Ltd., Shengda Paper Packaging Co., and MYS Group are the leading companies in the China Corrugated Box market. Apart from manufacturing corrugated box, these companies also produce their own corrugated paper medium and corrugated paper boards. Shanghai Xingtonglian,Henan Gorgeous Paper Packaging, Wuhan Yudu Paper Packaging and Scihuan Kangli are some other leading corrugated box manufacturing companies in China.
Future Analysis and Projections
China corrugated industry is expected to increase at a single digit CAGR between the period 2018 and 2022 in terms of revenue due to the elevating demand from the end user segment in order to store and to transport their end products. Increasing the demand of safe and cushioned packaging of the product will augment the growth of China Corrugated box market. The market will undergo considerable change from its current fragmented state to a more consolidated one driven by increasing demand from the market regarding better quality corrugated box and support services. Demand for retail corrugated packaging has also been projected to increase due to growing number of supermarkets in the country.
Key Topics Covered in the Report:-
China corrugated box market introduction
China corrugated box market size
China corrugated box market segmentation by type of Box/box (Double Wall, Single Wall, Triple Wall), by end user (FMCG, Beauty and Personal Care, Electronics & Appliances and Others), by type of Box (Colored and Non-colored) and by type of players (Organized and Un-organized)).
Snapshot on China Kraft Paper Market
Competitive landscape in China corrugated box market
Company profiling for major players in China corrugated box market
Government regulation in China corrugated box market
Buying decision parameters from end user point
Export and Import trade scenario
China corrugated box market future outlook and projections
Macroeconomic Factors in China corrugated box market
For more information on the research report, refer to below link:
Ankur Gupta, Head Marketing & Communications