Global Corrugated Board Packaging Market trends estimates high demand by 2024

Zion Market Research, the market research group announced the analysis report titled ‘Corrugated Board Packaging Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024’

Corrugated board packaging technique is top most among all paperboard packaging techniques. It is one of the best packaging boards to protect, promote, and pack products. Three sheets of paper, collectively called containerboard composite, are used together to form corrugated board. The middle layer of the corrugated board is like wave-shaped material or fluted known as the corrugating medium, whereas paper layer on the outer surface is called liner board. Corrugated fiberboard consists of the fluted corrugated sheet and one or more flat liner boards. Corrugated fiberboard is made on the machine “flute lamination” or “corrugators”. It is basically used in manufacturing corrugated boxes and shipping containers. Corrugated board packaging is largely used to furnish packaging solution for consumer products. However, the use of corrugated board packaging is limited to peculiar application areas, and thus, stand-off progress. This application area includes healthcare, food and beverages, cosmetic, home care, glass industries, and others. Other applications include education and stationary, construction, freight & carrier, and many others. Furthermore, corrugated board packaging is used to made cartons, packaging labels, cardboard boxes, boxes, and so on.

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Increasing awareness regarding environmental concerns positively impacts the demand for the corrugated packaging in the global market. Hence, demand for easily recyclable and environment-friendly materials rapidly increases. Further, increasing use corrugated packaging in the packaging of delicate products will boost the market in future. Rising consumer health awareness and preference for packed food also impact the market in a positive way. In addition, changing lifestyle and online business will further propel the demand in the near future. The government has put strict regulations against contamination of landfills which may restrict the growth of the market in coming years.

Corrugated board packaging market is segmented on the basis of application as personal & home care, glassware &ceramics, food & beverages, paper products, textile goods, and others. Out of these, the food & beverages application segment is leading the market.

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Geographically, Europe accounts for the highest market share across the world owing to highest paper recycling rate. Additionally, other developing countries struggling to lower the carbon footprints also contribute to the market growth. China is also increasing its paper recycling rate. Moreover, governments support to supply corrugated packaging material in order to reduce the accumulation of waste products is fostering the market in this region.

Some of the major players dominating the global corrugated board packaging market are Kashi Pack Care, I. Waterman (Box Makers) Ltd., Ariba & Company, and Klingele Papierwerke GmbH & Co. KG.

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Global Corrugated Board Packaging Market by Geographical Analysis: North America( U.S.), Europe( UK, France, Germany), Asia-Pacific (China, Japan, India), Latin America( Brazil), Middle East and Africa

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Post Author: Ravi Mandalia

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