The Global Corrugated Board Packaging Market size is expected to grow from USD 4.27 billion in 2018 to USD 5.47 billion by 2028, at a CAGR of 3.6% between 2021 and 2028. The growing demand for corrugated board packaging due to its lightweight, easy assembly, high strength properties, and recyclability is driving the growth of this market.
Corrugated board packaging is a material made of corrugated fiberboard that has been used for many years in the world. It has become one of the most important materials used to make shipping boxes, cartons, and containers due to its lightweight properties as well as high strength. Corrugated board packages are easy to assemble due to their low cost and recyclable because they can be easily reused or recycled when no longer needed.
On the basis of Types, the market is segmented into single-faced (standard), single wall, twin wall, and triple wall.
The single-faced corrugated board is a type of packaging that consists of two layers of thickness, the first layer is made up of one or more sheets and the second layer is made up of an equal number of parallel flutes. The foam core provides strength to this material while maintaining its lightweight properties. These boards are stronger than standard paperboard as they provide better impact protection for items such as glassware and dishes.
A single wall corrugated board is a type of corrugated paperboard, often used to package food and other items. Single-wall boards are typically brown in color with an eggshell surface but can be printed with specific visuals or text. The weight of single-wall boards ranges from 65 pounds per thousand square feet (PSF) to 80 psf depending on the size and configuration.
The twin-wall corrugated board is a type of double-sided corrugated cardboard. It has two layers, and each layer can be made from multiple sheets of paperboard. As a result, the next level of protection for an item inside might not be needed. The thickness varies between manufacturers but it’s typically around 0.25 inches (0.64 centimeters).
The triple wall corrugated board is a type of packaging that consists of three layers. These are the inner layer, middle layer, and outer layer with fluted sides on each side. The thickness for this item can vary depending on the manufacturer’s preference but usually can be found between 0.25 mm to 20mm thick.
On the basis of Application, the market is segmented into Food and beverages, Automotive, Personal care, and others.
The usage of corrugated boards in food and beverages has increased exponentially over the years. Corrugated boards are used to provide packaging solutions for various items such as cereals, snack bars, gums, and chewing gum, biscuits, etc. This application segment can be attributed to its high durability withstanding moisture erosion and abrasion while maintaining a strong barrier between product quality during distribution processes.
Some other benefits associated with this material are that it minimizes breakage or damage of the contents inside due to external impacts like drops or falls; easy handling by both humans & machines; as well as less production time required when compared to alternatives made with paper materials. Moreover, manufacturers also take advantage of this process because it helps them save on raw material prices and avoid increased labor costs.
The use of corrugated boards in automotive is a major factor driving the demand for this packaging material. The lightweight and durability make it an ideal choice to transport goods with heavy loads. It also offers superior protection from floods, earthquakes, or other natural disasters that could cause damage through water-damaged boxes. Corrugated boards are used as containers for various automobile components such as engines and transmissions which require rugged protection during transit. They are also often used to transport automobiles themselves on flatbed trucks across rough terrain without any fear of the contents being damaged due to shifting cargo within the box.
In the personal care sector, corrugated board is used as a packaging material for shampoos and other hair products. The lightweight but durable nature of this type of carton allows it to be transported cheaply by air freight services which makes them an option when international trade agreements are put in place. As they can withstand extreme temperatures without compromising their structural integrity, these boards are also used to package liquid foodstuffs such as milk or soft drinks at points of sale across the world where refrigeration equipment may not be prevalent.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Europe is the largest market for corrugated board packaging in terms of value with a share exceeding 47% in 2017.
The demand for this type of material has been increasing due to an increase in export rates from China which overtook the U.S as one of the world's leading exporters of goods by volume in 2013-14. The global trade flow generated through exports contributed significantly to economic growth within developed countries such as those belonging to Eurozone nations that have seen their industries impacted on account of growing protectionism across regions like Brexit and Trump’s 'America First' agenda prevalent over North American markets since 2016.
China emerged as a major producer of corrugated board packaging materials in the 2000s and accounted for a share of more than 40% at one point. The country's exports increased by an average annual growth rate of over 20% to reach USD 27 billion in 2017-18, with its shipments surging from Europe towards North America as well as other regions like the Asia Pacific.
Asian countries such as India and Thailand also see considerable demand for these products due to their ability to serve large populations that are still developing and lack access to certain commodities or key infrastructure projects which require effective storage facilities.
The global corrugated board market is driven by factors like an increase in production and consumer demand. The rise in competition between companies has been positively impacting the growth of this market, as there are new players entering the industry which offer competitive pricing and increased customer reach through a wider product range. Other factors that have promoted its growth include increasing urbanization, population explosion, globalization, industrialization, etc.
The market growth seen over recent years has been driven largely by demand from the Asia Pacific with China being one of the fastest-growing markets worldwide due to its booming automotive industry and rapid economic development. The global corrugated board packaging market has been witnessing vigorous growth over the past few years, driven by factors such as higher global demand for corrugated board packaging owing to robust construction activities and a rise in disposable income.
Up Market Research published a new report titled “Corrugated Board Packaging Market research report which is segmented by Types (Single Faced, Single Wall, Twin Wall, Triple Wall), By Applications (Food And Beverages, Automotive, Personal Care, Others), By Players/Companies I.Waterman (Box Makers), Ariba, Kashi Pack Care, Klingele Papierwerke”.
|Report Attributes||Report Details|
|Report Title||Corrugated Board Packaging Market Research Report|
|By Type||Single Faced, Single Wall, Twin Wall, Triple Wall|
|By Application||Food And Beverages, Automotive, Personal Care, Others|
|By Companies||I.Waterman (Box Makers), Ariba, Kashi Pack Care, Klingele Papierwerke|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||220|
|Number of Tables & Figures||154|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Single Faced, Single Wall, Twin Wall, Triple Wall and By Application Food And Beverages, Automotive, Personal Care, Others.
Some of the companies that are profiled in this report are:
Corrugated Board Packaging Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Corrugated Board Packaging Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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