Future Growth of Corrugated Boxes Market (worth 76.76 Billion USD by 2021)


Posted September 29, 2016 by rakesh_mishra

On the basis of key regions, the market for corrugated boxes is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The Asia-Pacific region held the largest share among all the regions in 2015.

 
The report "Corrugated Boxes Market by Material (Linerboard, Medium), Printing Ink (Water-Based, Solvent-Based, UV-Curable, Hot Melt-Based), Printing Technology (Digital, Flexography, Lithography), Type (Slotted, Telescope) - Global Forecast to 2021"

Browse 213 market data tables with 68 figures spread through 269 pages and in-depth TOC on "Corrugated Boxes Market - Global Forecast to 2021"

http://www.marketsandmarkets.com/Market-Reports/corrugated-boxes-market-123154454.html

MarketsandMarkets projects that the corrugated boxes market size by value will grow and reach USD 76.76 Billion by 2021 at a CAGR of 3.94% between 2016 and 2021. The market is growing in accordance with the growth trends of the converting and packaging industries. Factors such as increasing demand from fresh food and beverages, home & personal care goods, and electronic goods industries, logistics application, increasing consumer awareness towards sustainable packaging, and growth of the e-commerce industry have propelled the growth of the global corrugated boxes market.
High growth potential in emerging markets of Asia-Pacific is expected to provide new growth opportunities to players in the corrugated boxes market. In 2015, the Asia-pacific region accounted for the largest share in the global corrugated boxes market, with China being the fastest-growing market in this region. Developing countries such as China and India are projected to be emerging markets, making Asia-Pacific the highest growing in the corrugated boxes market. These emerging economies focus on adopting the latest technologies and manufacturing processes in various industrial segments.
The food & beverage segment is estimated to be the fastest growing segment in the corrugated boxes market, on the basis of end-use industry and this trend is projected to continue during the forecast period. Growing awareness among the consumers about the sustainable products has led to an increase in the global demand of corrugated boxes as they provide environmental friendly packaging solutions at competitive prices.

The slotted boxes segment is estimated to be the fastest growing segment in the corrugated boxes market, on the basis of type and this trend is projected to continue during the forecast period. Slotted boxes are ideal for shipping a variety of products such as cups, mugs, and books among others. Also they generate minimal waste during its manufacturing process, thus making them environmental friendly.

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Issued By MarketsandMarkets
Country India
Categories Business , Research
Tags cardboard boxes , corrugated boxes , corrugated boxes market
Last Updated September 29, 2016