Convenient packaging with latest design is an emerging trend in corrugated industry: Growing urbanization and expanding international trade business are mounting the need for robust packaging for goods which is the key supporting factor for the expansion of corrugated packaging business across the globe. Also, rising internet shopping penetration and growing e-commerce industry is encouraging the demand of innovative corrugated packaging which ensures the safety of the items. Safe transportation of goods is the major driving factor for the growth of corrugated packaging market.
The global corrugated packaging market is segmented on the basis of packaging type and based on end-user application. End-user application segment is further segment into food & beverages, electronic goods, personal and homecare goods, glass ware & ceramics, healthcare & pharmaceuticals and others. Food & beverage industry is likely to dominate the end-user application segment due to increasing in “on the go” lifestyle and growing online retailing. Food & beverage industry accounted for 38% market share of total corrugated packaging market in 2016.
Based on geography, Asia-Pacific is the fastest growing region for corrugated packaging market over the forecast period. Asia-Pacific region is expected to hold over 30% revenue share of global corrugated packaging market by the end of 2024. Increasing demand for sustainable packaging in countries such as India, China and Japan is contributing in the expansion of corrugated packaging market in the region.
Corrugated Solutions for Industrial Packaging
High performance of packaging solution is needed for industrial packaging during each phase of manufacturing, storage and transportation of goods. Hybrid and Bulk Packaging are two types of innovative corrugated packaging which provides secure and reliable packaging solution. Hybrid corrugated packaging helps in the shipment of bulk volume of liquids for export whereas bulk corrugated packaging provides a cost effective packaging solution for heavy duty transportation. This innovative packaging solution is accelerating the demand of corrugated packaging throughout the world.
“Global Corrugated Packaging Market Outlook 2024” contains detailed overview of the global corrugated packaging market in terms of market segmentation by packaging type and by end user application.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Sacle) analysis, Porter’s five force model and SWOT analysis. This market report also includes provides competitive outlook of some of the major players of the global corrugated packaging market which includes profiling of companies International Paper Co., Nine Dragons Paper Holdings Limited, RockTenn Company, Smurfit Kappa, Pratt Industries, Lee & Man Paper Manufacturing Limited, Georgia-Pacific LLC, Oji Fibre Solutions, Mondi plc, DS Smith, US Corrugated Inc. and Packaging Corporation of America (PCA). The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global corrugated packaging market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Backed up by reliable research and impactful statistics, our business solutions empower our clients to grow at a fast pace despite unsettling fluctuations in the market. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.