Corrugated Box Packaging Market By Application (Food & Beverage, Automotive, Electronics, Health & Hygiene, Pharmaceuticals) - Growth, Future Prospects And Competitive Analysis, 2016 - 2024

This report titled “Corrugated Box Packaging Market - Growth, Future Prospects, and Competitive Analysis, 2016 – 2024” offers strategic insights into the trends in corrugated box packaging market along with the market size and forecast for the duration 2013 to 2024. The said research study incorporates in-depth analysis of multiple market segments based on application and geographical distribution.

Nowadays, packaging of a particular product is a key component in the overall product life cycle. Increasing consumer inclination towards light weight and convenient packaging is fuelling the demand for advanced packaging solutions mitigating the consumer demand through tapping organized retail sector. Corrugated packaging material is made from recycled card board box, which is eco-friendly resulting in significant adoption of corrugated box packaging among both food and non-food manufacturers across the globe. Basically, paperboard that is utilized for manufacturing of corrugated box packaging is defined as containerboard. Corrugated box packaging market finds profound application for processed foods, fresh food and produced food and beverage, personal and household care, chemicals, paper products, electrical goods, glassware and ceramics, wood and timber products, textiles, tobacco, transport and others.

Based on application, the global corrugated box packaging market is segmented into food & beverage, automotive, electronics, health & hygiene, pharmaceuticals and other consumer goods. Market size and forecast for all the considered segmentation is presented in this report for the period 2013-2024 (US$ Mn) along with their respective CAGRs for the forecast period 2016-2024 (Value %).

In terms of geographical distribution, the global corrugated box packaging market is studied for five major regions namely, North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. Market size and forecast for each regional and country-level market are included in the report for the considered periods. To further elucidate, the geographical distribution of the global corrugated box packaging market is performed as follows:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • Italy
  • U.K.
  • Russia
  • Rest of Europe
• Asia-Pacific
  • India
  • China
  • Japan
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

Along with the quantitative information sets, this report also provides qualitative information such as market dynamics and executive summary for the global corrugated box packaging market. Tools such as competition assessment and attractive investment proposition are also included in the report to provide the readers with competitive mapping assistance. This study concludes with company profiles section. This section includes major information about the key companies engaged in corrugated box packaging market.

Based on application, the global corrugated box packaging market is segmented as follows:

• Food & Beverage
• Automotive
• Electronics
• Health & Hygiene
• Pharmaceuticals
• Other Consumer Goods

Corrugated boxes are found on different combinations and styles and thus, are used in both food and non-food applications. Among aforementioned applications undertaken in the study, food and beverage segment holds largest market share in 2015. Demand for efficient packaging solutions in food and beverage products is a key factor driving the corrugated box packaging market growth. By 2024, food and beverages is anticipated to remain dominant in terms of revenue contribution, followed by electronics and other consumer goods segment. Electronics segment is anticipated to record highest CAGR during the forecast period. Online shopping has gained momentum among consumer across the globe, which is a key factor fuelling the demand for corrugated box packaging in electronics segment. In addition, penetration of online shopping among consumers worldwide has led to development of sustainable and convenient packaging ensuring product safety while transportation, easy handling and reduced cost. Other consumer goods segment is expected witness significant growth especially in Asia Pacific region during the forecast period. Since, food and beverages industry and consumer goods are major contributors to overall economy in the Asia Pacific region, the corrugated box packaging market is expected to spur in the next five to six years.

For the purpose of this study, the global corrugated box packaging market is categorized into:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • Italy
  • U.K.
  • Russia
  • Rest of Europe
• Asia Pacific
  • India
  • China
  • Japan
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

In 2015, North America was the leading market followed by Asia Pacific and Europe. Asia Pacific and Europe collectively accounted for more than 50% share of the market in terms of value. Corrugated box packaging market growth in Europe and North America is majorly driven by demand for sustainable packaging among end use industries coupled with new product launches catering to the increasing demand for corrugated box packaging especially among electronics and consumer goods manufacturers. However, growth is projected to be fastest from the Asia Pacific region during the forecast period 2016 to 2024. Some of the factors driving the corrugated box packaging market growth in Asia Pacific include urbanization, growing and ageing population, nuclear family concept, government intervention for development of eco-friendly products and others. The market for corrugated box packaging in Latin America is anticipated to record significant growth, followed by Middle East and Africa.