17-Jun-2021 | Zion Market Research
Some of key players in Corrugated Boxes market are Smurfit Kappa Group, DS Smith PLC, Packaging Corporation of America, Cascades Inc., International Paper Company, Rengo Co. Ltd., Westrock Company, Mondi PLC, KapStone Paper and Packaging Corporation, among others.
According to analysts at Zion Market Research, the global Corrugated Boxes market accounted for USD 74.68 Billion in 2020 and is expected to reach USD 107.02 Billion by 2028, growing at a CAGR of 4.6% from 2021 to 2028.
This review is based on a report by Zion Market Research, titled “Corrugated Boxes Market By Types (Folder Boxes, Telescope Boxes, Rigid Boxes, and Slotted Boxes), By End-Users (E-commerce, Electronic Industry, Food & Beverage, Chemicals, Textile Goods, Paper Industry, Pharmaceuticals), By Material (Virgin Fiber and Recycled Fiber): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”
Massive Corrugated Boxes Market to Spur Growth
Constantly rising demand of corrugated boxes from various end users is the vital factor motivating the growth of the global corrugated boxes. Corrugated boxes can be recycled and are a reliable type of packaging due to highly considerable design, these specifications of the corrugated boxes are the reason due to which consumers highly prefer them.
Digital printing advancements, the digital print market is maturing, and systems are now being designed to meet the demands of the high-volume liner and post-print industries. The ability to personalise either relating to products, countries, stores, or individuals, as well as the level of quality now accessible through the latest technologies, have all combined to produce a "perfect storm" of growth opportunities for converters and printers. Rising industrialization and establishment of delivery as well retail start-up has significantly augmented the growth of global corrugated boxes market. Huge demand of corrugated boxes from food delivery industry is also impacting the growth of the global corrugated boxes market. Electronic industry is the dominating segment of corrugated boxes due to its high demand and reliable results. On the other side, growing raw material prices are restraining the growth of the global corrugated boxes market at some extent.
Presence of Big Players in The Region Support North America Dominance
North America currently holds the largest share of the corrugated box industry, and this dominance is expected to continue over the forecast era. The region's major driving factors in the global market are rapid growth in the e-commerce sector, low costs, a rise in packaged product consumption, and better product safety. North America is dominating the global corrugated boxes market due to high number of manufacturers situated in the region Increased demand from various end-use industries, many producers are planning to expand their manufacturing capacities. Over the forecast period, this is projected to stimulate the growth of the global corrugated boxes industry.
Browse the full “Corrugated Boxes Market By Types (Folder Boxes, Telescope Boxes, Rigid Boxes, and Slotted Boxes), By End-Users (E-commerce, Electronic Industry, Food & Beverage, Chemicals, Textile Goods, Paper Industry, Pharmaceuticals), By Material (Virgin Fiber and Recycled Fiber): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/corrugated-boxes-market
The global Corrugated Boxes market is segmented as follows:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651