Corrugated Boxes Market

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Corrugated Boxes Market

An Incisive, In-depth Analysis on the Corrugated Boxes Market

This study offers a comprehensive, 360 degree analysis on the Corrugated Boxes market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Corrugated Boxes market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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High Maintenance Cost of Corrugated Packaging Machinery Expected to Hamper Profitability Margins of Manufacturers

The global market for corrugated boxes was valued at US$ 107.8 Bn in 2017. The market is forecast to expand at a CAGR of 4.3% during the forecast period, 2018-2028.

The corrugated boxes market is expected to witness continuous growth in demand during the forecast period

With the growing demand for packaging in the key end-use sectors such as food & beverages, electrical & electronics, and e-commerce industries, the demand for corrugated boxes is expected to witness significant growth during the forecast period. The crucial growth factor in the global corrugated boxes market is the low-cost and optimum protection characteristics of corrugated boxes. These are widely used as a secondary packaging solution to pack a variety of products in different end-use industries. The demand for corrugated boxes is expected to witness substantial growth in the next 4-5 years owing to the growing popularity of online shopping in the developed, as well as in developing countries, such as Germany, the U.S., India, and China. With the rise in online shopping platforms, the demand for packaging products, such as corrugated boxes, that offer optimum protection during shipping and handling will also gain a strong foothold in the global market.

Corrugated boxes could be easily recycled and do not pose any threat to the environment. Governments in both, developed as well as developing economies, are launching new initiatives to recycle more and more paper packaging products to reduce the use of virgin material which requires enormous resources to produce an end product. The global push for recyclability in the corrugated boxes market will create enormous opportunities for the recycling companies globally. It is also witnessed that recycled fibre offers distinct cost advantage for the production of corrugated boxes. It requires less energy and resources to manufacture corrugated boxes as compared to virgin fibre.

High cost of machinery and maintenance costs negatively affecting profit margins

High installation costs of machinery and equipment create a backlash factor on revenue margins in the long run, restraining the global corrugated boxes market. Corrugated box manufacturing process involves multiple stages which range from designing, layout, die cutting, waste recovery, etc. and require machinery and equipment for applications such as emission control, cooking, pulp storage, etc. The installation costs incurred by the manufacturers are quite large and the machinery turns to be invariably very expensive. Also, the maintenance cost of cartoning machine is too high which, in turn, hampers profitability margins of the manufacturers. Corrugated boxes have a low strength threshold which makes them less suitable for primary packaging of goods.

Golden period for the European corrugated boxes market owing to high demand for corrugated packaging, low OCC cost, increasing paper prices, and high profitability margins

The North American corrugated boxes market includes a country-level analysis for the U.S. and Canada. The U.S corrugated boxes market is expected to grow at a CAGR of 2.4% over the forecast period. The recent acquisition of Kapstone Paper and Packaging Corporation by Westrock Company proves the fact that the U.S. corrugated boxes market is expected to witness consolidation in the coming years. Manufacturers of corrugated boxes are planning to increase their production capacities due to the increasing demand for corrugated boxes from the retail e-commerce packaging industry. The Latin American corrugated boxes market includes a country-level analysis for Brazil, Mexico, and Rest of Latin America. The Brazil corrugated boxes market is expected to expand at a CAGR of 3.5% during the forecast period.

The Western Europe corrugated boxes market includes a country-level analysis for Germany, Italy, the U.K., France, Spain, Benelux, and Rest of Western Europe. Germany, followed by the U.K., represents the largest market share in the Western Europe corrugated boxes market. European corrugated boxes market is experiencing its golden time because of the high demand for corrugated packaging, low OCC cost, increasing paper prices, and high profits which make it a lucrative industry in the European region. Also, the European corrugated industry has witnessed more than 100 mergers and acquisitions in the period of last ten years. Market leaders such as Mondi Group, Smurfit Kappa Group, and DS Smith are the most active acquirers in the European corrugated industry. These companies are now planning to expand their footprint in the developing countries of the Asia Pacific and Latin America. The APEJ corrugated boxes market includes a country-level analysis for China, India, ASEAN, Australia & New Zealand, and Rest of APEJ. The APEJ corrugated boxes market represents the most lucrative geographic region in the global corrugated boxes market. China and India are expected to be two promising regions in the APEJ corrugated boxes market. The APEJ corrugated boxes market is expected to expand at a CAGR of 3.5% over the forecast period. The Middle East and Africa (MEA) corrugated boxes market includes a country-level analysis for North Africa, GCC, South Africa, Turkey, and Rest of MEA. The MEA corrugated boxes market is expected to expand at a CAGR of 5.0% over the forecast period.

Key players in the global corrugated boxes market

Key players operating in the global corrugated boxes market include Smurfit Kappa Group Plc, International Paper Company, WestRock Company, Georgia Pacific LLC, Pratt Industries, Inc., Oji Holdings Corporation, DS Smith Packaging Limited, Stora Enso Oyj, Mondi Group Plc, Tat Seng Packaging Group Ltd., VPK Packaging Group nv, Nelson Container Corporation, Great Little Box Company Ltd., Action Box Inc., Acme Corrugated Box Co. Inc., Wertheimer Box Corporation, Shillington Box Co., LLC, Bee Packaging, A.D. Incorporated of Milwaukee, and Shanghai DE Printed Box.

In this report, Future Market Insights offers a 10-year forecast for the global corrugated boxes market between 2018 and 2028. In terms of value, the global corrugated boxes market is expected to expand at a CAGR of 4.3% during the forecast period. The study reveals corrugated boxes market dynamics in seven geographic segments along with market analysis for historical & current market environment and future scenario over the forecast period of the global corrugated boxes market.

Report Description

This Future Market Insights report studies the global corrugated boxes market for the period 2018–2028. The prime objective of this report (corrugated boxes market) is to offer insights and key market trends pertaining to the corrugated boxes market that are gradually helping transform global businesses.

The global corrugated boxes market report begins with the executive summary for various categories and their share in the corrugated boxes market. It is followed by market dynamics and an overview of the global corrugated boxes market, which includes FMI analysis of market drivers, restraints, and trends that are affecting the growth of the corrugated boxes market. Furthermore, to understand the popularity of the corrugated boxes segment, the attractiveness index and BPS analysis with elaborated insights on the same are provided, which will show the market’s attractiveness based on factors such as CAGR and incremental opportunity. To show the performance of the corrugated boxes market in each country and region, BPS and Y-o-Y growth analysis are provided.

The global market for corrugated boxes is segmented into:

Global Corrugated Boxes Market Segmentation: By Board Type

Single-Face Board
Single-Wall Board
Double-Wall Board
Triple-Wall Board

Global Corrugated Boxes Market Segmentation: By Material Type

Virgin Containerboard
Recycled Containerboard

Global Corrugated Boxes Market Segmentation: By Grade Type

Liner
- Kraftliner
  - Bleached
  - Unbleached
- Testliner
  - Bleached
  - Unbleached
Fluting Medium
- Semi-Chemical Fluting
- Recycled Fluting

Global Corrugated Boxes Market Segmentation: By Product Type

Slotted Box
Folder Box
Telescope Box
Die Cut Box

Global Corrugated Boxes Market Segmentation: By End Use

Food
- Processed Food
- Fresh Produce
- Dairy Products
- Food Grains
- Confectionery and Bakery Items
- Other Foods
Beverages
- Alcoholic
- Non-alcoholic
Electrical & Electronics
- Industrial
- Consumer
Textiles & Apparels
Tobacco
E-commerce
Building & Construction
Homecare
Automotive & Allied Industries
Healthcare
- Pharmaceuticals
- Medical Devices
Personal Care & Cosmetics
Chemicals & Fertilizers

Global Corrugated Boxes Market Segmentation: By Region

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Middle east and Africa (MEA)
Japan

The next section of the report highlights the corrugated boxes market, by region, and provides the market outlook for 2018–2028. The study investigates the Y-o-Y growth regionally, as well as analyses the drivers that influence the regional corrugated boxes market. Main regions assessed in this report include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan, and Middle East & Africa (MEA). The report (global corrugated boxes market) evaluates the historical scenario, present scenario, and growth prospects of the regional corrugated boxes market for 2018–2028.

To ascertain the market size in terms of value and volume, revenue generated by the key manufacturers and their respective production capacity is taken into consideration. The forecast presented here assesses the total revenue generated by value, across the corrugated boxes market. In order to provide an accurate forecast, we initiated by sizing up the historical and current market, which forms the basis on how the corrugated boxes market is expected to develop in the future. Given the characteristics of the market, we triangulated the outcome on the basis of three different types of analysis- based on supply side, downstream industry demand, and economic envelope. In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the market based on key parameters, such as year-on-year (Y-o-Y) growth rates, to understand the predictability of the corrugated boxes market and identify the right opportunities across the market.

The market segments for the global corrugated boxes market have been analysed in terms of basis point share (BPS) to understand the individual segment’s relative contributions to market growth. This detailed level of information is important for identifying various key trends in the corrugated boxes market. Another key feature of the global corrugated boxes market is the analysis of key segments in terms of absolute dollar opportunity. Absolute dollar opportunity is critical for evaluating the scope of opportunity that a provider can look to achieve, as well as to identify potential resources from a delivery perspective of the corrugated boxes market. The overall absolute dollar opportunity along with the segmental split is mentioned in the global corrugated boxes market report.

To understand the key growth segments in terms of growth and adoption of corrugated boxes globally, Future Market Insights developed the corrugated boxes market ‘Attractiveness Index.’ The resulting index should help providers identify real market opportunities.

In the final section of the report on the corrugated boxes market, a ‘dashboard view’ of the companies is provided, to compare the current industrial scenario and their contribution to the total corrugated boxes market. Moreover, it is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment. Report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors based on the in-depth assessment of their capabilities and success in the corrugated boxes marketplace.