Analysts at Ken Research in their latest publication “Japan Corrugated Box Market Outlook to 2022 – By Type of Box (Slotted, Die-Cut and Others), by End User (Processed Food, Fruits & Vegetables, Electrical Appliances And Machinery, Pharmaceuticals, Detergents & Cosmetics, Ceramics, Glassware & Sundries, Mail Order, Parcel Delivery & Moving, Other Foods, Textile Products And Others)” believe that promoting regulations, tying up with different E-tail & E-logistics companies and improved marketing strategies followed by companies will aid the corrugated box market.
Rising demand of safe and cushioned packaging of the product along with the rise in demand of lightweight packaging and packaged food has driven the growth of corrugated boxes in the country.
Japan Corrugated box market is at its growth stage. The corrugated box market is highly correlated with Japanese economy and with the recovery in the economy the demand for corrugated packaging for beverages and packaged food will increase therefore increasing box demand. The growing processed food industry in Japan is one of the key drivers for corrugated board market. Over the past few years, the introduction of new farm and food technologies coupled with cost-effective international transport has increased the trade of food products. The growth of corrugated box is directly related with the growth in different end users segment. Moreover, the increase in use of corrugated boards for packaging over other paper products, also aided the growth of corrugated boxes. A large number of multinational food companies are now actively engaged in global food trade. Many corrugators increased production capacity by adding automatic machineries from China. Many craft paper manufacturers also increased the price of craft paper by 15% due to the rise in price of raw material such as pulp and chips. Also, the price of fuel and chemicals increased thereby rising overall manufacturing cost.
Japan ranked third among the production of corrugated cardboard. In 2017, the production of corrugated cardboard was 14 billion square meters. With the increasing demand for soft and sustainable packaging solutions the demand for corrugated boards is increasing year on year.
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Ankur Gupta, Head Marketing & Communications