Key Players
Some of The key players in the global Corrugated and Paperboard Boxes Market are Mondi Group t(Austria), Georgia-Pacific Corporation (U.S.), International Paper Company (U.S.), Smurfit Kappa Group (Ireland), Graphic Packaging International, Inc. (U.S.), Cascades Inc. (Canada), DS Smith Plc (U.K.), Klabin S.A.(Brazil), Oji Holding Corporation (Japan), Nine Dragons Paper(Holding) Limited (China), Packaging Corporation of America (U.S.), Nippon Paper Industries Co. Ltd (Japan), Orora Packaging Australia Pty Ltd (Australia), Rengo Co., Ltd. (Japan), and WestRock (U.S.)
Corrugated and Paperboard Boxes Market Segmental Analysis
The global Corrugated and Paperboard is divided by product type into corrugated and solid fiber boxes, folding paperboard boxes, set-up paperboard boxes, and others. Corrugated and solid fiber boxes are the dominant segment in the global Corrugated and Paperboard Boxes Market due to their durability, which makes them the prime candidate for long-distance transportation of a wide variety of products. The diversity of applications of corrugated and solid fiber boxes is expected to be crucial in enabling solid market growth of the same over the forecast period.
Regional Analysis
North America is another leading regional market for Corrugated & Paperboard Boxes due to the widespread presence of the ecommerce industry in the region. Europe is also expected to be a major market for Corrugated & Paperboard Boxes over the forecast period due to the bans on plastic packaging in many countries in the region, which have given rise to a demand for alternative packaging materials.
Market Segmentation
Global Corrugated and Paperboard Boxes Market is segmented based on material, product, application, and region. Based on the material, the market is segmented into paperboard, adhesives, inks, waxes, and others. Among these, the paperboard is projected to dominate the Corrugated and Paperboard Boxes Market till 2023 owing to the rising implementation of paperboard packaging across all the end use applications. Based on the product, the market is segmented into corrugated & solid fiber boxes, set-up paperboard boxes, folding paperboard boxes, and others. The corrugated & solid fiber boxes dominated the market in 2016 and are projected to be the fastest-growing product over the review period. A wide applications of corrugated & solid fiber boxes across all the major goods packaging with its high benefits for distance transportation make them an ideal product for packaging. Based on the application, the market is segmented into durable goods, food & beverages, paper & publishing, chemicals, and others. The durable goods segment dominated the market in 2016 and is projected to be the fastest-growing application over the next five years, as a result of the rise in the global sale of electronic goods, home appliances, and other electronic goods, which has resulted into the market evolution of durable goods.
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