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Corrugated Box Packaging Market Is Expected To Reach US$ 210.9 Bn By 2024

The purpose of the report is to illustrate the state of the market of Specialty Fats and Oils, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.

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Market Insights

Rising modernization and demand for quality packaging solutions have led to incorporation of advanced techniques among corrugated box manufacturers. Of different attributes, packaging plays a pivotal role in development of corrugated box products. This is further leading to significant demand for corrugated box packaging majorly in fresh produce, processed food products and electrical products. Corrugated box packaging market growth is attributed to rising disposable income leading to demand for both food and non-food products, government avocation for green packaging, cheap prices, rising application of corrugated boxes in different applications owing to sustainable packaging, increased internet shopping, printing, concerns among manufacturers regarding product safety and convenience to the consumer. However, durability offered by corrugated box packaging for few products is a concern for corrugated box manufacturers, thereby limiting its adoption as compared to other available packaging types and hindering market growth. Corrugated box manufacturers are keen on developing durable products catering to the demand for efficient packaging to be used for glass, electronics and other fragile products.

In 2015, North America dominated the market in terms of revenue share, followed by Asia Pacific and Europe. North America accounted for around 37% of the overall corrugated box packaging market. Asia Pacific is further expected to record highest CAGR over the forecast period. Factors fuelling the corrugated box packaging market growth in the region include China being the top producer of corrugated boxes, significant demand for corrugated box in growing food and beverages industry in India and China, growing processed food industry and increasing consumer preferences for sustainable packaging.

Companies are focused on enhancing product line mitigating concerns such as environment-friendly and sustainable packaging, adequate requirements related to shelf-dimensions and shipping density, boxes having water repellant coatings and high-barrier protection leading to both food and non-food applications of corrugated box packaging. Also, corrugated box packaging market is witnessing strategic alliances among both international as well as local players across the value chain. Some of the prominent players identified in the corrugated box packaging market include Mondi Group, Packaging Corporation of America, WestRock Company, International Paper Company, Nine Dragons Paper (Holdings) Limited, Lee & Man Paper Manufacturing Ltd., Smurfit Kappa Group, DS Smith Plc., Oji Holdings Corporation and Georgia-Pacific Equity Holding LLC.

Why was the report written?

This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Specialty Fats and Oils buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.

What is the current market landscape and what is changing?

Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.

The report on the market of Corrugated Box Packaging contains:

Analysis and forecast of Specialty Fats and Oils market dynamics;

Analysis of domestic production, market shares of the main market players;

Analysis of exports and imports;

Analysis of factors, leading the development of the Specialty Fats and Oils market;

Assessment and forecast of Specialty Fats and Oils market development;

Financial and business profiles of the leading companies in the Specialty Fats and Oils industry.

Scope

– Up to date working Specialty Fats and Oils data by major regions in the world, the forecast of planned capacity additions by 2026

– The annual breakdown of capital expenditure spending on proposed Specialty Fats and Oils for the period 2018 to 2026

– Planned Specialty Fats and Oils additions and capital expenditure spending by key countries and companies across the world

– Planned capital expenditure spending on new Specialty Fats and Oils projects by region, key countries, and companies

– Details of major planned Specialty Fats and Oils projects in the world up to 2026

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