Global Corrugated Box Market 2017-2021
About Corrugated Box
Corrugated boxes are paper-based carton boxes that are used in the packaging of various durable and nondurable commodities. These boxes are durable, flexible, lightweight, and cost-effective form of packaging. They are used for packaging industrial and consumer goods. These boxes are used as SRP boxes by retailers in their stores in addition to being used as shipping containers. Corrugated boxes play a major role in packaging and distribution supply chain management. They assure the safe transportation and marketing of goods.
Technavio’s analysts forecast the global corrugated box market to grow at a CAGR of 6.16% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global corrugated box market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Corrugated Box Market 2017-2021
Technavio recognizes the following companies as the key players in the global corrugated box market: International Paper, KapStone, Mondi, Packaging Corporation of America, and WestRock.
Other Prominent Vendors in the market are: Amcor, American Corrugated, Buckeye Corrugated, Corrugated Supplies Company, DS Smith, INDEVCO, Kruger Packaging, Pratt Industries, Riverside Paper, Shillington Box Company, Smurfit Kappa, and Stora Enso Packaging.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Advancements in printing. The online retail market is decreasing the need for high-quality printed secondary packaging. It is counterbalanced by the increasing demand for RRP, merchandizing units, and point-of-sale displays. There is a pressure for products to be sold through brand exposure and shelf appeal that brand buyers are looking for. Therefore, the market has witnessed the introduction of new product lines in the container board market, such as Store Enso's MediaLiner, launched in 2015. These products provide enhanced graphic properties, allowing the reproduction of photorealistic images on RRP and point-of-sale applications.”
According to the report, one of the major drivers for this market is Expansion of online retail market. The growing e-commerce market, which involves online shopping, has observed an escalation in demand for corrugated boxes for the shipment of commodities sold. The convenience factor of online shopping has encouraged many individuals to switch to it from the conventional method of shopping. Online retailers use various types of corrugated boxes and containers based on the type of products being transported. These boxes ensure the safety of the products. In addition, the effective packaging is becoming one of the key business requirements in the e-commerce marketplace, therefore, fueling the growth of the market.
Further, the report states that one of the major factors hindering the growth of this market is Rising prices of wood pulp and paper. The corrugated box industry is reeling under tremendous margin pressure due to rising input costs and the industry's failure to raise prices. In 2015, paper mills had raised the prices of kraft paper - the main raw material for the industry - by $20-40 per ton. However, buyers of corrugated boxes are refusing to pay higher prices despite repeated requests. The industry intends to raise prices of corrugated boxes by 18%-21% in the northern region and by 15%-17% in the western and southern regions of the world.
International Paper, KapStone, Mondi, Packaging Corporation of America, WestRock, Amcor, American Corrugated, Buckeye Corrugated, Corrugated Supplies Company, DS Smith, INDEVCO, Kruger Packaging, Pratt Industries, Riverside Paper, Shillington Box Company, Smurfit Kappa, and Stora Enso Packaging.
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