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 Users (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 better regulations, tying up with different E-tail & E-logistics companies and improved marketing strategies followed by companies will aid the corrugated box market.
Japan corrugated box market is expected to register positive CAGR of around 1.0% during the period 2018-2022 in terms of domestic consumption. Use of corrugated boxes for shelf ready packaging and the emergence of latest technology machines are expected to have positive impact on the overall consumption of corrugated box market.
- The increase in demand for corrugated packaging for beverages and packaged food will increase therefore increasing corrugated box demand.
- Increasing demand of light weight packaging is anticipated to have a positive impact on the Japan corrugated box market.
- Growing processed food industry in Japan will also drive the future of Japan corrugated box industry.
Rising demand of food product packaging and increasing demand for lightweight packaging materials will augment the growth of Japan Corrugated box market. Advances in multicolor, flexo printing will facilitate in-house flexo printing and do away with screen printing; contract printing on offset presses will therefore increase the demand of corrugated boxes. Shelf ready packaging is also increasing as it significantly reduces the workload for unpacking and displaying products. This trend is now popular in supermarkets as the retail market is growing up, the demand for corrugated boxes is also increasing. The use of high productivity inkjet presses such as HP T1100S which is especially designed for volume corrugated print will also drive the future of Japan corrugated box market. In future, OJI Holdings Ltd will improve its market position through offering packaging solutions that leverage on new technologies whilst increasing company’s competitiveness. The company will start targeting home meal replacement packaging and E-commerce packaging.
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Ankur Gupta, Head Marketing & Communications