Corrugated Packaging Market to Exhibit Healthy Growth through 2023, States MRFR in Its Topical Report Available at MarketPublishers.com13 Oct 2017 • by Natalie Aster
LONDON – Nowadays, corrugated packaging is amid the most preferred types of packaging used for large, medium and small sized products. Robust uptake of the e-commerce industry has emerged as the key driver of the world’s corrugated packaging market. Furthermore, constantly increasing number of application sectors (pharmaceuticals, food & beverage, personal care, healthcare, electronic goods) also makes a great contribution to the overall market growth. Still, there are some factors that could hamper further market growth, for instance, certain government regulation norms for corrugated packaging and also adverse effects on the environment.
Basing on types, rigid boxes make up the biggest market segment. However, the highest growth rates in the coming years are expected in the slotted boxes segment.
Today, the food & beverage industry is the top consumer of corrugated packaging worldwide, this end-use sector is also anticipated to increase at the fastest pace between 2017 and 2023.
As of 2016, the value of the worldwide market for corrugated packaging was estimated at around USD 22.6 billion; it is forecast to increase at a healthy 5.78% CAGR through 2023 to exceed USD 33.25 billion.
Some of the established market players include International Paper Company, Nefab Group, Mondi Group, Orora Packaging Australia, Smurfit Kappa Group, WestRock, KapStone Paper and Packaging Corporation, to name a few.
In-demand topical research report “Global Corrugated Packaging Market – Trends & Forecast, 2017-2023” worked out by Market Research Future (MRFR) provides a comprehensive analysis of the market structure, historical background, current scenario and dynamics. It scrutinises the major forces responsible for the market growth and development, gives an insightful overview of the actual situation across the main segments and sub-segments, explores the market performance and top trends across the top regional markets. Moreover, it describes the competitive landscape, profiles the leading market participants, touches upon key regulative norms and also outlines future growth prospects, challenges and opportunities up to 2023.
Visit MRFR page at MarketPublishers.com for other in-demand research reports by this company.