Global Corrugated Boxes Market to Grow at 3.91% CAGR to 2023, Expects MRFR in Its Comprehensive Report Published at MarketPublishers.com04 Jan 2018 • by Natalie Aster
LONDON – Nowadays, the global market for corrugated boxes is on the rise. Remarkable uptake of online shopping, fast-evolving electronic sector and escalating demand for product safety are amid the key forces setting pace of the market growth. However, the corrugated boxes market also faces a number of challenges including government regulations and enhancing concerns associated with adverse effects on the environment.
As of 2016, the world’s corrugated boxes market was evaluated at over USD 61.22 billion. Through to 2023, this market is predicted to continue growing, registering a promising 3.91% CAGR.
On the basis of types, rigid boxes capture the largest market share. During 2017-2023, this segment is set to follow an upward trend, registering a 6.04% CAGR.
In terms of wall construction, the market is led by the single-wall segment, which is likely to grow at a CAGR of 5.86% through to late 2023.
Geographically, closely followed by Europe, APAC is predicted to reign the total market for corrugated boxes with the largest market share. The APAC corrugated boxes market is majorly driven by robust growth of the food & beverage, and the healthcare industries especially in China.
In-demand research study prepared by MRFR, “Global Corrugated boxes Market – Trends & Forecast, 2017-2023”, offers a detailed, comprehensive analysis of the current scenario in the global corrugated boxes market. Moreover, the report provides an overview of the market structure, examining the key segments and sub-segments on the basis of types, wall construction, applications and regions. The report also outlines future development trends and emerging growth opportunities of the corrugated boxes market. It traces light on the market dynamics, paying attention to the key growth driving and limiting factors. In addition, the report identifies the high-growth geographies, uncovers data on the market size, volumes and values, shares, growth rates, etc. The competitive scenario of the market is canvassed in this report and profiles of top players are available. Besides, this study covers the future growth prospects of the corrugated boxes market up till 2023.
A full collection of in-demand research reports prepared by MRFR is available in the publisher's online catalogue at MarketPubishers.com.