The global corrugated board packaging market is projected to grow at a CAGR of over 4% during the forecast period. The market growth is attributed to various factors with increasing e-commerce sales is being one of the primary reasons. According to the United Nations Conference on Trade and Development, global e-commerce sales grew 13% in 2017, hitting an estimated $29 trillion. Further, around 1.45 billion people, or one-quarter of the global population aged 15 and older, made purchases online in 2018, representing an increase of 9% as compared to 2017. Increasing e-commerce sales have a profound impact on packaging demand, especially in the corrugated board packaging industry.
To Request a Sample of our Report on Corrugated Board Packaging Market: https://www.omrglobal.com/request-sample/corrugated-board-packaging-market
Further, the recent COVID-19 outbreak has led to increasing e-commerce sales. Several brick-and-mortar businesses have shifted resources to e-commerce. Moreover, immunity boosters, hygiene, and other health-related products have seen tremendous growth since the outbreak. The online demand for products such as masks has quadrupled in China and the US in March 2020, as compared to January 2020 and December 2019. Such increasing sales of products provide growth and tend to expand the global corrugated board packaging market size.
The COVID-19 outbreak has also increased the demand for convenience food and the food & beverage industry is one of the major applications of corrugated board packaging. There is an increasing demand for convenient food products as these food items reduce cooking, and clean-up time for consumers. The demand for ready-packed and ready-to-eat products is expected to increase during the forecast period. This is expected to increase the need to provide high-quality, packaged, and processed foods to the customers. This, in turn, will increase the need for packaging and hence will drive the global corrugated board packaging market.
Further, the market growth is influenced by the presence of various players operating in the market. Some of the players contributing to the growth of the global corrugated board packaging industry include International Paper Co., Mondi Group, Smurfit Kappa Group, DS Smith Plc, Cascades Inc., Nippon Paper Industries Ltd., Sealed Air Corp., and others. These players adopt various strategies to strengthen their revenue stream and sustain in the global corrugated board packaging market.
In February 2020, Mondi Group established a partnership with Cartro, a Mexican corrugated packaging company, for delivering sustainable packaging solutions for fresh produce. Mondi’s portfolio of paper grades and ProVantage Kraftliner Aqua, meet these requirements, and the two companies together have developed a completely new corrugated box to serve the purpose.
(Get 15% Discount on Buying this Report)
A full Report of Corrugated Board Packaging Market is Available at: https://www.omrglobal.com/industry-reports/corrugated-board-packaging-market
Global Corrugated Board Packaging Market – Segmentation
By Application
- Food & Beverages
- Electronic Goods
- Pharmaceuticals
- Beauty & Personal Care
- Others
Global Corrugated Board Packaging Market – Segmentation by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of The World
Company Profiles
- Ariba & Co.
- Cascades Inc.
- DS Smith Plc
- Georgia-Pacific LLC (Koch Industries Inc.)
- International Paper Co.
- Klabin SA
- KlingelePapierwerke GmbH & Co. KG
- Lee & Man Paper Manufacturing Ltd.
- Mondi Group
- Nine Dragons Paper (Holdings) Ltd.
- Nippon Paper Industries Ltd.
- Oji Holdings Corp.
- Orora Packaging Australia Pty Ltd.
- Packaging Corp. of America
- Rengo Co. Ltd.
- Sealed Air Corp.
- Smurfit Kappa Group
- Waterman (Box Makers) Ltd.
- WestRock Co.
Reasons to Buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/corrugated-board-packaging-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
