London, Jan. 23, 2023 (GLOBE NEWSWIRE) -- Mondi Group, the packaging behemoth, recently announced a hefty investment as a part of the 2021-22 corrugated cardboard production capacity expansion strategy. The company’s Poland plant has opened a new production line of corrugated cardboard production. Another industry leader, DS Smith has been placing greater emphasis on the development of eco-friendly, recyclable, pure corrugated cardboard eying the opportunity across e-commerce packaging sector. Moreover, International Paper Company recently bought two Spanish companies active in the corrugated board packaging domain. The global corrugated board packaging market has been witnessing ample significant developments over the recent past. A new upcoming study of Fairfield Market Research suggests that the global corrugated board packaging market will reap the benefit from a growing perception of corrugated boards as a safe, secure, recyclable, renewable, multifunctional, efficient, and lightweight packaging solution. The versatility that can potentially serve multiple end users including F&B brands, automotive companies, consumer goods manufacturers, and electronics brands is also projected to offer a strong impetus to the performance of corrugated board packaging market.
As industries worldwide continue to seek environmentally sustainable, and economical packaging solutions, the corrugated board packaging market is expected to gather momentum. The customizability feature, and minimal material wastage further raise the adoption potential of corrugated board packaging. With environment-friendly packaging formats gaining stronger ground across industries, preference for corrugated board packaging is likely to see an uptrend. The market will remain influenced by the soaring demand for sustainable, lightweight packaging solutions, says the report.
Get the Sample Copy/TOC of Corrugated Board Packaging Market at: https://www.fairfieldmarketresearch.com/report/corrugated-board-packaging-market/request-toc
Insights into Segmental Analysis
Based on the type of corrugated board, single wall board accounts for a remarkable revenue share in the global corrugated board packaging market. The single wall style of the board finds application used as a supplemental protective material inside the outer packaging. It also facilitates application of multiple coatings, and printing. Moreover, single wall board style has been gaining traction for packaging application as it helps with overall weight reduction of the packages, in turn slash the shipping costs. Increasing demand from the commercial application segments is projected to uphold the dominance of this segment in the corrugated board packaging market. The other key segment that would be discussed in the report include the flute type, packaging type, and end-use industry.
Insights into Regional Analysis
Exploding growth of the packaged food sector, and unprecedented e-commerce expansion collectively drive the Asia Pacific corrugated board packaging market forward. The boom around green packaging formats has been on the rise, which is well complemented by the supportive government regulations. While this works to the advantage of corrugated board packaging market, nation-wide plastic bans further intensity the overall impact. Advent of green packaging formats, and materials in addition to widening acceptance for sustainable packaging solutions across key Asian markets will also significantly contribute toward the growth market in Asia Pacific. The region has been witnessing brisk progress of industries like electronics, food and beverages, consumer goods, and cosmetics, which is likely to remain the key growth influencer for the region’s corrugated board packaging market.
Leaders in Global Corrugated Board Packaging Market Competition
Some of the key companies that would be covered under the competitive analysis section of the report for strategic profiling and analysis, include Bee Packaging, DS Smith PLC, Mondi Group Plc, International Paper Company, Acme Corrugated Box Co. Inc., Smurfit Kappa Group Plc, Pratt Industries Inc., Georgia Pacific Packaging LLC, and WestRock Company.
Do You Have Any Query or Specific Requirement? Request for Custom Research: https://www.fairfieldmarketresearch.com/report/corrugated-board-packaging-market/request-customization
The Global Corrugated Board Packaging Market is Segmented as Below:
By Flute Type
- A-Flute
- B-Flute
- C-Flute
- E-Flute
- F-Flute
- Others
By Board Style
- Single Face
- Single Wall
- Double Wall
- Triple Wall
By Packaging Type
- Boxes
- Slotted boxes
- Folder boxes
- Telescope Boxes
- Die Cut Boxes
- Crates
- Trays
- Octabin
- Pallet
- Others
By End Use Industry
- Food & Beverage
- Electrical & Electronics
- Home care products
- Personal care products
- E-commerce
- Transportation & Logistics
- Healthcare
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- France
- Germany
- Russia
- Rest of Europe
- Asia Pacific
- Japan
- South Korea
- India
- China
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Report Inclusions
- Market Estimates and Forecast
- Market Dynamics
- Industry Trends
- Competition Landscape
- Flute Type-wise Analysis
- Packaging Type-wise Analysis
- Board Style-wise Analysis
- End-use Industry-wise Analysis
- Region-wise Analysis
- Country-wise Analysis
- Key Trends Analysis
- COVID-19 Impact Analysis
About Us
Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.
Contact
Fairfield Market Research
London, UK
UK +44 (0)20 30025888
USA (Toll-free) +1 (844) 3829746
Web: https://www.fairfieldmarketresearch.com/
Email: sales@fairfieldmarketresearch.com
