PUNE, India, May 30, 2016 /PRNewswire/ --
The global market for corrugated boxes is forecast to grow from $63.29 billion in 2016 to reach $76.76 billion by 2021, at an estimated CAGR of 3.94% with flexography printing and slotted boxes accounted for the largest market share due to the growing demand for environment-friendly packaging and growth of the e-commerce industry.
Complete report on global corrugated boxes market spread across 269 pages, profiling 10 companies and supported with 213 tables and 68 figures is now available at http://www.reportsnreports.com/reports/569207-corrugated-boxes-market-by-material-linerboard-medium-printing-ink-water-based-solvent-based-uv-curable-hot-melt-based-printing-technology-digital-flexography-lithography-type-slotted-telescope-global-forecast-to-2021.html .
The corrugated boxes market is driven by factors such as increasing urban population demand for pharmaceutical supplies, and growth of the e-commerce industry. The market is further driven by factors such as increasing awareness among consumers about sustainable packaging and their pace of adopting such products is one of the biggest factors leading to increase in demand for corrugated boxes.
The flexography printing segment accounted for the largest market share in the next five years. The flexography printing is a quick and economical printing technique for printing on corrugated boxes. It helps to print images on uneven and rough substrates like corrugated boxes. Digital printing accounted for the second-largest market in 2015.
The slotted boxes segment accounted for the largest market share in 2015in the corrugated boxes market. Slotted boxes are ideal for shipping a variety of products such as cups, mugs, and books among others. Slotted boxes are environmental friendly, as they generate minimal waste during its manufacturing process. This factor attracts the consumers, thus making slotted boxes the largest segment.
The Asia-Pacific region is projected to be the largest and the fastest-growing market during the forecast period, followed by Europe, from 2016 to 2021. In Asia-Pacific, China is the largest consumer for corrugated boxes, followed by Japan. China with rising food & beverage, and home & personal care goods will drive the corrugated boxes market. Japan with growing inclination toward convenient products will impact the corrugated boxes market in the Asia-Pacific region.
The various suppliers of corrugated boxes and related products in this report such as Mondi Group (South Africa), DS Smith Plc (U.K.), Smurfit Kappa Group (Ireland), International Paper Company (U.S.), West Rock Compnay (U.S.), Rengo Co. Ltd. (Japan), Packaging Corporation of America (U.S.), KapStone Paper and Packaging Corporation (U.S.), Georgia Pacific LLC (U.S.) and Cascades Inc. (Canada). Order a copy of Corrugated Boxes Market by Material (Linerboard, Medium), Printing Ink (Water-Based, Solvent-Based, UV-Curable, Hot Melt-Based), Printing Technology (Digital, Flexography, Lithography), Type (Slotted, Telescope) - Global Forecast to 2021 research report at http://www.reportsnreports.com/purchase.aspx?name=569207 .
To determine the market size of various segments and sub-segments of the PIM market, extensive secondary research is done. In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (43%), Tier 2 (33%) and Tier 3 (24%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level Executives (40%), Manager Level (35%) and others (25%) from various key organizations operating in the global corrugated boxes market. The primary interviews were conducted worldwide covering regions such as North America (40%), Asia-Pacific (25%), Europe (20%) and RoW (15%).
On a related note, another research on Paper Packaging & Paperboard Packaging Market Trends & Forecast to 2020 says, the global paper and paperboard packaging market is projected to reach $213.4 Billion by 2020, at a CAGR of 3.5% from 2015 to 2020. Switch in packaging solutions from plastic packaging to paper & paperboard packaging are the major driving factors. The report is segmented on the basis of application, grade of paper & paperboard, type of packaging and major regions. Companies like Amcor Ltd., ITC Ltd., Cascades Inc., RockTenn Company, Clearwater Paper Corporation, Packaging Corporation of America, DS Smith Plc., Mondi Group (South Africa) and Metsa Group have been profiled in this 261 pages research report available at http://www.reportsnreports.com/reports/402561-paper-packaging-paperboard-packaging-market-by-grade-sbs-cuk-fbb-wlc-glassine-greaseproof-label-paper-application-food-beverage-healthcare-personal-home-care-by-type-corrugated-box-boxboard-flexible-paper-trends-forecast-to-2020.html .
Explore more reports on packaging market at http://www.reportsnreports.com/tags/packaging-market-research.html .
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