Corrugated and Paperboard Industry| COVID-19 Impact, Global Size, Future Scope, Development And CAGR To 2023
The Corrugated and Paperboard Industry is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on the Corrugated and Paperboard Industry highlights the future prediction and the growth alternatives that can be created.
(firmenpresse) - Corrugated and Paperboard Boxes Industry Overview
The rapid growth of the ecommerce industry is likely to remain a major driving factor for the global Corrugated and Paperboard Industry, as the ecommerce industry needs Corrugated & Paperboard Boxes for transporting and storing the wide variety of products it handles. Bans on plastic packaging in several regions across the world are also likely to aid the growth of the global Corrugated and Paperboard Industry, as they present an alternative to plastic packaging that is environment-friendly and readily recyclable.
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Key Players
Some of The key players in the global Corrugated and Paperboard Industry 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.)
Segmental Analysis
The global Corrugated and Paperboard Industry 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 Industry 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.
Based on application, the global Corrugated and Paperboard Industry is segmented into durable goods, paper and publishing, food and beverages, chemicals, and others. Durable goods are likely to be the major application of Corrugated & Paperboard Boxes in the forecast period due to the steady growth of the ecommerce and electronics industry, which has led to a steady rise in demand for the transportation of a wide variety of durable goods, including electronics items and home appliances. COVID-19 Impact
Regional Analysis
Asia Pacific (APAC) is likely to be the dominant regional market for Corrugated & Paperboard Boxes over the forecast period. Rapid growth of the ecommerce industry in the developing economies in APAC is likely to be a major driver for the Corrugated and Paperboard Industry in the region. Growing disposable income of consumers has allowed for steady growth of the electronics industry in APAC, leading to a rise in the demand for Corrugated & Paperboard Boxes.
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.
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Unternehmensinformation / Kurzprofil:
Datum: 19.05.2020 - 10:34 Uhr
Sprache: Deutsch
News-ID 612715
Anzahl Zeichen: 4112
contact information:
Contact person: sagar
Town:
pune
Phone: 09876543207
Kategorie:
Packaging and Processing
Typ of Press Release: Product
type of sending: send
Date of sending: 19/05/2020
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