Corrugated Boxes Market Report 2020, Market Share, Size, Trends, Forecast and Analysis of Key players 2025
Sheridan, Wyoming, USA, March 09, 2020 (Wired Release) IMARC Group According to the latest report by IMARC Group, the global corrugated boxes market size reached US$ 184.6 Billion in 2019, registering a CAGR of 4.6% during 2012-2019.Corrugated boxes refer to a type of packaging material made up of corrugated paperboard. They are highly durable, light-weight, flexible, crush-resistant, cost-effective and can withstand pressure, unlike cardboard boxes. They offer convenience, product safety and are easy to handle during packaging, loading and unloading. Nowadays, as consumers are becoming aware of the environmental hazards posed by non-biodegradable and plastic-based packaging materials, corrugated boxes have gained immense popularity as a sustainable packaging solution across various industry verticals.
With the ongoing trend of online shopping, corrugated boxes have gained momentum across the globe. Manufacturers are designing corrugated boxes in a wide range of shapes and sizes to make the packaging unique and attractive, which has encouraged e-commerce retailers like Amazon and Flipkart to use them extensively for storage and shipping purposes. Apart from this, these boxes are capable of photorealistic image printing which helps in effective marketing by developing brand awareness and promoting the products among consumers. Owing to this, they are highly preferred in retail ready packaging (RRP) and shelf ready packaging (SRP). Moreover, the leading companies are investing in research and development (RD) activities to upgrade and enhance the chemical resistance, weatherability, dimension stability and other physical properties of corrugated boxes to diversify their applications. Looking forward, the market is projected to reach a value of US$ 241.7 Billion by 2025.
Request for a sample copy of this report: https://www.imarcgroup.com/prefeasibility-report-corrugated-box-manufacturing-plant/requestsample
Insights on Market Segmentation:
Performance by Material Used:
1. Recycled Corrugates
2. Virgin Corrugates
Performance by End-Use:
1. Food Products and Beverages
2. Paper Products
3. Electrical and Electronic Goods
4. Personal and Household Care Goods
6. Glassware and Ceramics
7. Textile Goods
Explore full report with table of contents: https://www.imarcgroup.com/prefeasibility-report-corrugated-box-manufacturing-plant
Performance of Key Regions:
1. Asia Pacific
3. North America
4. Latin America
5. Middle East and Africa
The competitive landscape of the market has also been examined with some of the key players being International Paper Company, Nine Dragons Paper, West Rock, Smurfit Kappa Group and Lee and Mann Group.
Browse rekated reports:
Milk Packaging Market: https://www.imarcgroup.com/milk-packaging-market
Recycled Plastics Market: https://www.imarcgroup.com/recycled-plastics-market
GCC Flexible Packaging Market: https://www.imarcgroup.com/gcc-flexible-packaging-market
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.
30 N Gould St
Sheridan, WY 82801
Follow us on twitter: @imarcglobal