India Corrugated Box Market is Driven by Rise in Demand from Fresh Food and Beverages, Logistics Application, Increasing Consumer Awareness Towards Sustainable Packaging and Growth of the E-Commerce Industry: Ken Research

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Rising demand of safe and cushioned packaging of the product along with the rise in FMCG, home & personal care goods, electronic goods industries has driven the growth of corrugated boxes in the country.

Analysts at Ken Research in their latest publication India Corrugated Box Market Outlook to 2023 – by Ply/Box Type (3ply, 5ply, 7ply and 9ply), by End User (FMCG, Automotive, Textile, Electronics & Appliances and Others), by Slotted, Die-Cue Box and Others believe that promoting better regulations, procurement of automatic and updated technology machines from different countries and improved marketing strategies followed by companies will aid the corrugated box market.

India corrugated box market is in its growth phase. Though, the craft papers prices are increasing but the demand for sustainable and safe packaging of goods is also increasing therefore new players are entering the market. Demonetization had hit the industry badly, and has also led to fall in demand for corrugated boxes as a result of slow movement of FMCG & other consumer goods from the retail counters which led to retrenchment of work force & financial losses for the industry. Despite, increase in prices of raw material in the year 2015, the production of corrugated boxes has increased at a sizeable growth rate. However, in order to increase the market growth the Indian Corrugated Case Manufacturers Association (ICCMA) and Automatic Board Plants & Western India Corrugators Box Manufacturers’ Association (WICMA) supported to grant a minimum of 12% price increase on boxes so that the Box industry is able to cover supplies of Craft Paper well in time to avoid any disruptions in the supply chain. Moreover, the industry introduced new heavyweight products such as billerud flute semi-chemical fluting. Primarily, targeted at replacing wooden packaging, this product is also able to replace double-walled board with an overall lighter weight single wall substitute.

For more information on the research report, refer to below link:

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/india-corrugated-box-market/149477-100.html

Related Reports:

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/us-paperboard-packaging-industry/47688-100.html

The paper board packaging market will record revenue of USD 66 Billion by 2020 due to more players entering the market, expansion of e-commerce sector in the country, increasing demand of personal care & health care products.

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/india-paper-packaging-market-research-report/605-100.html

The paper packaging industry is largely comprised of unorganized players. There are a few large players such as TCPL, ITC, Parksons Packaging, and others.

https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/india-recycling-pet-market-research-report/586-101.html

The future prospects of India Recycling PET Industry are impressive on the groundwork of an increase in disposable income fueled by growth in youth population that marked an increase in the availability of post consumer recycled PET waste bottles.

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Ken Research
Ankur Gupta, Head Marketing & Communications
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