According to the report analysis, ‘GLOBAL CORRUGATED PACKAGING MARKET SIZE STUDY, BY PRODUCT TYPE (SINGLE WALL BOARD, SINGLE FACE BOARD, DOUBLE WALL BOARD, TRIPLE WALL BOARD), BY PACKAGING TYPE (BOX, CRATES, TRAYS, OCTABIN, PALLET, OTHERS), BY END USER (FOOD & BEVERAGE, ELECTRICAL & ELECTRONICS, HOME CARE PRODUCTS, PERSONAL CARE PRODUCTS, E-COMMERCE, TRANSPORTATION & LOGISTICS, HEALTHCARE, OTHERS) AND REGIONAL FORECASTS 2018-2025’ states that there are several players which are recently functioning in this sector more actively for dominating the fastest market growth and accounting the handsome amount of market share across the globe in the short span of time while developing the quality of the product and specifications for increasing the demand across the globe includes Rengo Co, Ltd, Saica Group, OJI Holdings Corporation, Packaging Corporation of America, DS Smith Packaging Limited, Mondi Group, Georgia Pacific LLC, Westrock Company, Pratt Industries Inc, Menasha Corporation and several others. In addition, many of the players of this market are adopting the effective strategies and policies with the effective technologies of product making for delivering an effective product for packaging at a reasonable price which further increase the market growth more positively during the forecasted period.
The corrugated boxes are measured as preferred means of packaging as they considered benefits such as high durability, light-weightiness, appealing aesthetic value, cost effectiveness, high strength and recyclability. Whereas, the corrugated boxes are the type of boxes where the wavy layer of cardboard prevalently known as fluting that is sandwiched among the two thin outer layers. With the effective benefits of these boxes they are precisely utilized for shipping of goods on the global scenario. Moreover, The Corrugated boxes are available in many sizes and shapes which are comprehensively used in the packaging of numerous goods which includes beverages, cosmetics, foods, pharmaceuticals, hazardous chemicals and other materials. Furthermore, the players of this market are registering the highest market growth more actively while making the effective developments in the quality of the product and the significant usage of the product which further profitable for dominating the handsome amount of market share in the short span of time.
Although, the global market of corrugated packaging is sectored into different segments which majorly includes product type, packaging type, end-users and region. Whereas, the sector of product type is further segmented into single wall board, single face board, double wall board and triple wall board while, based on the packaging type the market is split into box, crates, trays, octabin, pallet and several others. Moreover, based on the end-user, the market divided into food and beverage, electrical and electronics, home care products, personal care products, e-commerce, transportation and logistics, healthcare and several others.
Not only has this, on the basis of region, the market is spread across the globe which majorly includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the wildest increasing region across the globe in terms of market share. Whereas, due to the countries such as China, Japan, and India, Asia Pacific region is expected to be the registering region over the forecast period of 2018-2025. Therefore, in the near future, it is expected that the market of corrugated packaging will increase across the globe more effectively over the recent few years.
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Ankur Gupta, Head Marketing & Communications