The global corrugated boxes market is driven by Asia-Pacific followed by Europe. In 2016, Asia-Pacific accounted for the largest market share of 49.50% and is projected to grow at the highest CAGR, in terms of value, during the forecast period. Steady growth in e-commerce business and food and beverage industry in Asia-Pacific region offers a potential opportunity for the corrugated boxes market to boom during the forecast period. The Europe region has the highest paper recycling rate which is leading to an increased production of corrugated boxes.
Based on regions, the corrugated boxes market has been segmented as North America, Europe, Asia-Pacific and Rest of World. Among these, Asia-Pacific is expected to dominate the global corrugated boxes with the share of 49.5% in 2016. The emerging economies like China and India with increasing population are driving the corrugated boxes market in the region. In addition, steady growth in e-commerce business and food & beverage industry in the region offers a potential opportunity for the corrugated boxes market to boom during the forecast period. In Asia-Pacific, china accounted for 23.5% with a market value of USD 7,122.5 million in 2016. The food & beverage and healthcare industries are the fastest growing industries that extensively use corrugated boxes in the country. Europe is the second largest market, which is projected to grow at a CAGR of 3.90% during the forecast period.
We recognize the key players in the global corrugated boxes market as Mondi Group (Austria), Smurfit Kappa Group (Ireland) , International Paper Company (U.S.), Orora Packaging Australia Pty Ltd. (Australia), WestRock (U.S.), Georgia-Pacific LLC (U.S.), Archis Packaging Pvt. Ltd. (India), Europac Group (U.K.), KapStone Paper and Packaging Corporation (U.S.) and Nefab Group (Sweden).
Read More :
Comments