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The growth of corrugated boxes can also attributed to growing demand for product safety. As, every product requires safe, and secure packaging while transporting and shipping from one place to another. To maintain the durability and safety of the products, packaging is required so that materials can withstand different conditions such as atmospheric, vibration or shock, variations in temperature, and pressures until the product reaches the consumer safely.
Global Corrugated Box Industry US is expected to grow with 3.91% CAGR during the forecast period:
Segments
Based on regions, the market has been segmented as North America, Europe, Asia-Pacific and Rest of World. Among these, Asia-Pacific is expected to dominate the global corrugated boxes with the share of 49.5% in 2016. The emerging economies like China and India with increasing population are driving the Corrugated Box Industry US in the region. In addition, steady growth in e-commerce business and food & beverage industry in the region offers a potential opportunity for the Corrugated Box Industry US to boom during the forecast period. In Asia-Pacific, china accounted for 23.5% with a market value of USD 7,122.5 million in 2016. The food & beverage and healthcare industries are the fastest growing industries that extensively use corrugated boxes in the country. Europe is the second largest market, which is projected to grow at a CAGR of 3.90% during the forecast period.
Scope of the Report
This study provides an overview of the global COVID-19 Impact, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for Asia-Pacific, North America, Europe and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Corrugated Box Industry US by its type, by wall construction, by application and regions.
We recognize the key players in the global Corrugated Box Industry US as Mondi Group (Austria), Smurfit Kappa Group (Ireland) , International Paper Company (U.S.), Orora Packaging Australia Pty Ltd. (Australia), WestRock (U.S.), Georgia-Pacific LLC (U.S.), Archis Packaging Pvt. Ltd. (India), Europac Group (U.K.), KapStone Paper and Packaging Corporation (U.S.) and Nefab Group (Sweden).
Read More :
https://www.techsite.io/p/1525799
https://www.techsite.io/p/1525866
https://www.techsite.io/p/1525909
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