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Global Corrugated Box Market
Global Corrugated Box Market
The GMI Research foresees an augmenting demand in the Corrugated Box Market over the near future. This is mainly because of the accelerating demand for convenience foods as a result of the busy and hectic lifestyle of individuals, the increasing need for high-quality packaged food items, and their potential to resist long shipping hours.
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Introduction of the Corrugated Box Market
The corrugated box is an efficient mode used for transporting things owing to its strength and sturdy characteristics. In other words, it is a brown paper box anticipated to ship nearly 95 percent of all products across the United States. They are extensively implemented in the packing of electronic items, crockery, automobile components, soaps & cosmetics, and pharmaceuticals.
Key Players of Market:
· Mondi PLC
· Westrock Company
· Smurfit Kappa Group
· Rengo Co. Ltd.
· Packaging Corporation of America
· Georgia-Pacific LLC
· International Paper Company
· DS Smith PLC
· Cascades Inc.
· Kapstone Paper and Packaging Corporation
Corrugated Box Market Dynamics
The ongoing enlargement in the e-commerce industry and the increasing apprehension towards the implementation of legitimate solutions are impelling the global corrugated box market growth. Also, the rising initiatives by various government organizations to encourage the reuse of paper packaged items and produce more eco-friendly products are further strengthening the market size. In parallel, the augmenting acquisition of packaging across several end-use industries such as textile, paper-based, home, and personal care items, as well as the mounting disbursement on packaged items by consumers, will stimulate the market size.
Furthermore, the accelerating disposable income and altering lifestyle of individuals are bolstering market growth. On the other edge, as per the global corrugated box market report, the instability in the raw material prices and easy accessibility of cost-effective substitutes may hinder the market growth.
Product Type Segment Drivers
According to the product type, the Slotted Boxes are predicted to witness a higher growth because of the robust demand for consumer durables and food & beverages among the population. Moreover, as per the corrugated box market analysis, the box possesses remarkable properties, such as excessive versatility to assemble several products and convenient handling feature, will raise the market share.
Printing Technology Segment Drivers
As per the printing technology, Flexographic Printing will capture the largest share in the market during the forecast period. This is attributed to the economical feature and aggravating endorsement in printing technology for corrugated boxes. In addition to this, the corrugated box market analysis research report states that their extensive usage across different industries like e-commerce and food & beverage industries is driving the market growth.
Corrugated Box Market Segmentation:
Segmentation by Product Type
· Slotted Boxes
o Regular Slotted Containers (RSC)
o Half Slotted Containers (HSC)
o Full Overlap Slotted Boxes (FOL)
· Telescope Boxes
o Full Telescope Design Container
o Half Telescope Design Container
· Rigid Boxes
· Folder Boxes
o One Piece Folder
o Five Panel Folder
Segmentation by Printing Ink
· Water-based Ink
· UV-curable based Ink
· Solvent-based Ink
· Hot-melt-based Ink
Segmentation by Printing Technology
· Digital Printing
· Flexographic Printing
· Lithography Printing
· Others
Segmentation by Material
· Linerboard
· Medium
· Others
Segmentation by End-Use Industry
· Food & Beverage
· Electronic Goods
· Home & Personal Care Goods
· Chemicals
· Textile goods
· Paper products
· Others
Segmentation by Region:
· Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
· Asia Pacific
o China
o Japan
o India
o Rest of APAC
· North America
o United States of America
o Canada
· RoW
o UAE
o Brazil
o South Africa
o Saudi Arabia
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GMI is a consulting and market research organization assisting its clients to reach a actionable and managerial decision. The organisation with the help of expert analysts and research team offers a detailed market research report and business perception to various SMEs. Our team of research analysts collects all the requirement information about the sectors using external and internal data basis. We offer a step-by-step guidance to our client to comprehend them about the upcoming challenges and opportunities. The team further assists in acknowledging the influence of . market size, drivers, growth opportunities and restraints.
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