Increased Industrial Activity & Demand from Developing Regions Drives the Corrugated and Paperboard Boxes Market, According to New Report by Global Industry Analysts, Inc
GIA announces the release of a comprehensive global report on the Corrugated and Paperboard Boxes markets. The global market for Corrugated and Paperboard Boxes is projected to reach US$216 billion by the year 2018. Growth in the durable and non-durable goods segments; strong food and beverages market; rising demand for prepared and processed foods; increasing popularity of premium boxes, specifically printed boxes, constitute the key factors driving the growth of the Corrugated and Paperboard Boxes market. Other key growth propellers include growing income levels and expanding middle class segment in the developing regions driving the consumption of packaged consumer goods; and increased industrial activity post recession.
San Jose, California (PRWEB) October 25, 2012
Follow us on LinkedIn – Corrugated packaging accounts for a major share of the global paper packaging industry. Going forwards, corrugated packaging is expected to evolve from being used for small equipment to heavy and automated equipment, such as die cutting, slotting, pasting boxes, flexographic printing and multi-color ink machines, among others. Growth in the market for durable goods, which utilize costly and large boxes, is identified as an important growth driver for the corrugated and paperboard boxes market. Other growth drivers include strong food and beverages market, which represents one of the largest end-use markets for corrugated and paperboard boxes.
Increase in demand for prepared and processed foods is also likely to stimulate the market demand for boxes, as they require attractive packaging to push sales. In terms of the raw materials, manufacturers of corrugated board are utilizing new processing technology, which enables the production of innovative new boxes that are stronger and economical to produce. The industry introduced improved recyclable wax-coated corrugated paperboard that is ideal for making boxes used in shipping moist products. Premium box sectors such as printed boxes are becoming more popular and are likely to drive the demand for boxes.
Globally, the corrugated boxes and paperboard boxes market is expected to witness steady growth over the coming years, backed by the increased industrial activity, specifically with regards to the manufacturing segment. Growing income levels and expanding middle class segment in the developing regions are expected to drive the consumption of packaged consumer goods, such as beverages, processed foods, and personal care products, thereby enhancing the consumption of corrugated boxes. Corrugated and paperboard packaging in the developing markets, particularly Asia-Pacific, Eastern Europe, Latin America, and few developing countries in the Middle East and Africa, is expected to witness rapid growth over the ensuing period.
Asia-Pacific, led by China, became the global leader in the category of corrugated boxes, surpassing the US and European markets. Besides China, India, with increased investments in the hi-tech manufacturing machineries, heightened focus on offering superior quality products. Asia-Pacific, therefore, represents the largest and the fastest growing regional market, as stated by the new report on Corrugated and Paperboard Boxes, and is forecast to increase at a CAGR of over 5.7% during the analysis period.
Corrugated & solid fiber boxes represent the largest segment in the global corrugated and paperboard boxes market. Folding paperboard boxes segment exhibits the fastest growth compared to the corrugated and set-up paperboard boxes. The folding paperboard boxes segment is expected to benefit from the advancements in the field of graphics and printing, as well as its eco-friendly nature. Setup paperboard boxes is a relatively smaller segment of the overall corrugated and paperboard boxes market. The demand for setup boxes is anticipated primarily from utilization in high-end applications, including confectionery, jewelry, and silverware.
Major players profiled in the report include International Paper Company, Rock-Tenn, Smurfit Kappa Group Plc., Rengo, Oji Paper, DS Smith, Georgia-Pacific, and Others. Other major players profiled include Amcor Ltd., Cascades Inc., Norampac Inc., Graphic Packaging Holding Company, MeadWestvaco Corp., Mondi Group Plc., Nippon Paper Group Inc., SAICA, and Others.
The research report titled “Corrugated and Paperboard Boxes: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the corrugated and paperboard boxes market, key market trends, growth drivers, volume shipments and production statistics, competitive scenario, product introductions/innovations, recent industry activity, and profiles of major/niche global and regional market players. The study analyzes market data and analytics in terms of value sales for the United States, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Key product segments analyzed include Corrugated & Solid Fiber Boxes, Folding Paperboard Boxes, and Set-Up Paperboard Boxes. A historic review is also provided for the years 2004 through 2009.
For more details about this comprehensive market research report, please visit –
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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