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Corrugated Packaging Market

Corrugated Packaging Market

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Corrugated Packaging Market

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  1. Corrugated Packaging Market | Worldwide Industry Analysis, Segments, Top Key Players, Drivers and Trends to 2028

  2. Global Market Scenario of Corrugated Packaging Industry Corrugated Packaging Market Size is expected to exceed USD 91.3 billion by 2028. Increasing product demand in the e-commerce and retail industry will drive market growth in the near future. Some major findings of the corrugated packaging market report include: Growing demand from the food & beverages industry will boost the market growth over the forecast period. Flexography printing will generate the highest demand during the stipulated period owing to the cost-effective nature. Asia Pacific will generate over 50% product demand by 2028 Single wall corrugated packaging will remain the major product over the forecast period. This can be attributed to the high product demand from the retail industry. In the future, the demand for lightweight packaging will increase owing to which industry participants such as Metsa Board developed lightweight packaging solutions.

  3. Continue:- As e-commerce continues to grow and digital printing technologies become more advanced, the corrugated and folding boxboard market is expected to grow with a CAGR of 4.4% in the coming years. For instance, according to the U.S. Census Bureau, online shopping accounted for 11.4% of U.S. retail sales in 2018 as compared to 5.5% in 2000. The rapidly growing E-commerce industry across the world is projected to drive the corrugated packaging demand as it is a cost-effective means of distribution. Corrugated packaging will be increasingly relevant as a cost-effective distribution method for e-commerce packages as deliveries increase. Single wall corrugated packaging was the largest product segment and generated a revenue of over USD 25.4 billion in 2021. Owing to its properties, such as economy, cushioned protection, and rigidity, single wall corrugated packaging demand will grow with a CAGR of 4.5% to reach USD 34.4 billion by 2028. However, double-wall corrugated packaging is used for the shipment of heavier items due to its exceptional strength as heavier items require extra protection. Also, double-wall corrugated boxes are preferred for long-term storage over single-wall corrugated boxes due to their durability and strength.

  4. Request for sample copy of this research report@ https://www.gminsights.com/request-sample/detail/5246

  5. 360° Industry Analysis Request for customization:https://www.gminsights.com/roc/5246 Lithography generated a revenue of around USD 23.5 billion in 2021 and with a CAGR of 4.4%, it is anticipated to reach generate USD 31.8 billion by 2028. It is a printing technique based on the immiscibility of oil & water. This printing is done from a metal plate or stone. The process was invented in 1796. In this process, the image areas are processed by using any greasy substance to make the ink adhere to them. However, the non-imaging areas are made ink repellent. The process is used to print artwork or text on any paper or other materials. Lithography is mostly used in the packaging industry to create custom printed corrugated boxes and shipping boxes. Lithography lamination is the process used in box printing. In the process, the printing is done firstly on paper, which is later laminated on the corrugated box. The printing technique enables premium & glossy finishes to boxes. Some of the advantages offered by this technique are high color detailing, excellent quality of image at low cost, flexibility, and wide availability. Corrugated boxes are increasingly being used in the packaging of homecare and personal care products. Personal care and home care applications are expected to register corrugated packaging demand of around USD 4.5 billion by 2028.

  6. Competitive Analysis: Corrugated boxes are available in various designs, textures, and colors, making them an ideal fit to be used in personal care products packaging, where brands lay high emphasis on the attractiveness of their product packaging. These boxes are increasingly being used in the homes care industry in the packaging of kitchen utensils, toilet cleaners, and many other daily usable products. Products made of glass, as well as crockery, are extremely fragile products, and therefore shipping them requires additional layers of protection in packaging. Europe was one of the largest regions in the corrugated packaging market, and it accounted for USD 14.0 billion in 2021 with a CAGR of 4%, it is projected to reach USD 18.2 billion by 2028. The rapidly growing e-commerce industry along with home care and personal care will boost the product demand over the forecast timespan. In addition, corrugated packaging is recyclable, and owing to the stringent environmental regulations, it will register high demand growth in the coming years. Major companies operating in the industry are Smurfit Kappa, DS Smith, Evergreen Packaging, Georgia Pacific, Mondi Group, etc.

  7. Title Latest Research Report On Corrugated Packaging Market@ https://www.gminsights.com/industry-analysis/corrugated-packaging-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/5246 Request for customization: https://www.gminsights.com/roc/5246

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