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Corrugated Packaging is one of the most preferred packaging for small, medium and large sized products which in turn has increased the demand across the globe. Growing ecommerce industry has become the largest consumer of the market, resultantly driving the market growth to an extent. Simultaneously, restricted use of plastic packaging material has become the major reason for the rising demand for the corrugated packaging.
Key Players
The key players in global Corrugated Packaging Industry report included are Mondi Group (U.S.), Smurfit Kappa Group (Ireland) , International Paper Company (Tennessee), Orora Packaging Australia Pty Ltd (Australia)
Segmentation
For the convenience of the report and enhanced understanding; the market of Corrugated Packaging is segmented in to 4 key dynamics.
By Types : Comprising Slotted boxes, Self-Erecting Boxes / Auto-Bottom Boxes, Bliss / Rigid Boxes & Telescope boxes, etc.
By Applications : Personal Care, Food & Beverages, Pharmaceuticals & Healthcare, Electronic Goods, Paper Industry, among others.
By Wall Construction : Single, Double and Triple-wall corrugated packaging.
By Regions : North America, Europe, APAC and Rest of the World.
Geographical Analysis
North America market in 2016, dominated the global COVID-19 Impact with 33.4% share. The region is further expected to grow at 5.69% CAGR during the review period. This growth of the region attributes to the burgeoning e-commerce industry fueled by the increasing cross-border trade and huge demand for online shopping.
On the other hand, Asia-Pacific region, emerging as the fastest growing market of Corrugated Packaging registered 6.39% of a CAGR in 2016. Growing with the lucrative opportunities in packaging industry and growing ecommerce industry in the region, APAC is expected to register a fabulous CAGR during the forecast period.
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