Dublin, Feb. 12, 2024 (GLOBE NEWSWIRE) -- The "Corrugated Board Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region" report has been added to ResearchAndMarkets.com's offering.
Corrugated board packaging is taking center stage as one of the most versatile and sustainable packaging techniques in the market today. This high-performance packaging material, composed of three layers of paper, offers a wide range of benefits for businesses and consumers alike.
Corrugated board packaging, often referred to as the biggest segment in the paperboard packaging industry, is designed to pack, protect, and promote products effectively. It consists of three layers of paper: the outer layers known as liners or linerboard, and the central layer featuring a fluted or wave-shaped material called corrugating medium.
One of the key advantages of corrugated board is its flexibility, allowing it to be cut and folded into various shapes and sizes to meet the specific requirements of end-users. It is lightweight and recyclable, making it an eco-friendly choice for packaging solutions.
Versatility in Types and Applications
Corrugated boards come in various types categorized based on the shape and size of the flute, including single faced, single wall, twin wall, and triple wall. Among these, single wall corrugated board is the most widely preferred technology globally.
These boards are multifunctional and serve a multitude of purposes such as wrapping, enclosing, protecting, cushioning, indexing, stacking, and displaying. Their primary function, however, remains the protection of products during transportation.
Wide Range of End Users
Corrugated board packaging finds extensive use across various industries, with the food and beverages sector leading the way, followed closely by automotive and personal care industries. Industrial output and consumer product markets are also significant end-users of this packaging technique. Additionally, corrugated board packaging is gaining popularity for chilled, takeaway, and ready-cooked foods.
Regional Market Insights
North America currently leads the global corrugated board packaging market, closely followed by Europe. The Asia-Pacific market is expected to witness substantial growth, driven by the burgeoning end-user industries in countries like China and India. India, in particular, has seen a remarkable surge in corrugated box consumption by industries such as processed foods, fruits and vegetables, electronics, and consumer durables.
Driving Forces for Growth
Several factors are contributing to the growth of the corrugated board packaging market. The retail sector's expansion, coupled with the demand for ready-to-eat food items, is creating a greater need for efficient packaging materials. The rise of e-commerce is also boosting demand for corrugated board packaging.
Furthermore, increased industrial activities, especially in manufacturing, necessitate robust packaging techniques to safeguard and transport goods effectively. The industrialization and flourishing international trade in developing nations like India are further propelling market growth. Environmental concerns are acting as a driving force, increasing the demand for eco-friendly packaging materials like corrugated boards.
A Sustainable Choice for the Future
As the need for environmentally friendly packaging materials continues to grow, the demand for corrugated board packaging techniques is expected to rise. These biodegradable paper boards align with the global shift towards sustainability and eco-conscious practices.
Leading Players in the Corrugated Board Packaging Market
Some of the major players operating in the global corrugated board packaging market include I. Waterman (Box Makers) Ltd., Ariba & Company, Kashi Pack Care, and Klingele Papierwerke GmbH & Co. KG.
Key Topics Covered:
1. Executive Summary
1.1. Global Corrugated Packaging Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global Corrugated Packaging Market Outlook, 2018 - 2031
3.1. Global Corrugated Packaging Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
3.1.1. Key Highlights
3.1.1.1. Single wall board
3.1.1.2. Single Face board
3.1.1.3. Double wall board
3.1.1.4. Triple wall board
3.2. Global Corrugated Packaging Market Outlook, by Packaging Type, Value (US$ Bn), 2018 - 2031
3.2.1. Key Highlights
3.2.1.1. Box
3.2.1.2. Crates
3.2.1.3. Trays
3.2.1.4. Octabin
3.2.1.5. Pallet
3.2.1.6. Others
3.3. Global Corrugated Packaging Market Outlook, by End Use, Value (US$ Bn), 2018 - 2031
3.3.1. Key Highlights
3.3.1.1. Food & Beverage
3.3.1.2. Electrical & electronics
3.3.1.3. Home care products
3.3.1.4. Personal care products
3.3.1.5. E commerce
3.3.1.6. Transportation & logistics
3.3.1.7. Healthcare
3.3.1.8. Others
3.4. Global Corrugated Packaging Market Outlook, by Region, Value (US$ Bn), 2018 - 2031
4. North America Corrugated Packaging Market Outlook, 2018 - 2031
5. Europe Corrugated Packaging Market Outlook, 2018 - 2031
6. Asia Pacific Cassava Starch Market Outlook, 2018 - 2031
7. Latin America Corrugated Packaging Market Outlook, 2018 - 2031
8. Middle East & Africa Corrugated Packaging Market Outlook, 2018 - 2031
9. Competitive Landscape
9.1. By End Use vs by Packaging Type Heat map
9.2. Manufacturer vs by Packaging Type Heatmap
9.3. Company Market Share Analysis, 2023
9.4. Competitive Dashboard
9.5. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/oxwzsf
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