Growth in the corrugated boxes market can primarily be attributed to the growing involvement of corrugated boxes in the food & beverages sector, industrial sector and electronic sector among. Corrugated boxes are often used as shipping containers.
New York, Jan. 25, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Corrugated Boxes Market by Type, Material, Printing Ink, Printing Technology, End-use Industry And Region - Global Forecast to 2026" - https://www.reportlinker.com/p03940171/?utm_source=GNW
They are sturdy, handy, and lightweight, owing to which they are used in a wide range of applications.
The corrugated boxes market is witnessing demand owing to the rise in the online retail industry.The growing food & beverages, electronic, textile, home & personal care, glassware & ceramics, chemicals, and paper & paper products industries have contributed significantly towards the growth of the corrugated boxes market.
However, factors such as greenhouse gas emissions during production and rising raw material costs inhibit the growth of the market. Emerging markets such as China, Brazil, and India offer opportunities for market growth.
Slotted boxes is the largest type segment of the corrugated boxes market
The slotted boxes segment led the market in terms of both value and volume.They are generally made from one piece of corrugated board which is usually stitched, taped, or glued.
The blank, or tray, is scored and fitted to allow folding after which the boxes are dispatched flat to the user.To make a box, the user needs to square it up, place the product in the box, and shut the flaps.
The flute is placed parallel to the depth to provide enough loading strength.The slotted box is a very efficiently designed product, as it generates minimal waste during its manufacturing process.
It is ideal for shipping a variety of products such as cups, mugs, and books among others.
Linerboard is the largest material segment of the corrugated boxes market
The linerboard material segment led the market in terms of both value and volume.Kraft liner contains at least 80% virgin kraft pulp fibers.
Due to its high strength and moisture resistance, kraft liner is used as an outer and intermediate ply in corrugated boxes.The kraft linerboard is primarily used for the manufacture of high-grade color-printed corrugated boxes for the food & beverages, home & personal care, and other industries.
Recycled linerboard, also known as a test liner, contains less than 80% virgin kraft pulp fibers.It is also used for the outer and intermediate plies of corrugated board.
However, it is not as strong as kraft liner as it has a higher recycled fiber content. Recycled linerboard is less expensive than kraft liner. The recycled materials used for manufacturing recycled board include double line kraft clippings and old corrugated containers.
Water-based ink is the largest printing ink segment of the corrugated boxes market
The water-based ink segment led the printing ink segment of the market by both value and volume.Water-based inks are composed of pigments or dyes in a colloidal suspension with water-soluble resins or resin emulsions.
Typically, water-based inks contain a higher percentage of solids, which implies that there is less liquid to be removed.Owing to the nature of resins present in the water system, a thinner layer of ink is often used.
Water-based inks are available in two varieties: dye and pigment. Although dye inks result in high-quality images, they are not waterproof and fade if exposed to UV light. Pigment inks are short-term waterproof inks with high stability in UV light
Flexography printing is the largest printing technology segment of the corrugated boxes market
Flexography segment led the printing technology of the market.Flexography is a quick and economical printing technique which is widely used in packaging printing due to the wide range of benefits offered.
It is used to apply simple designs and colors to a wide range of packaging materials, such as corrugated boxes, plastic containers, tapes, envelopes, and metal foils.Flexography printing technology has the highest demand for printing on corrugated boxes.
It is a form of relief printing which uses rubber or polymer plates to transmit an image onto a corrugated board such as in an automated rubber stamp.Flexography printing was invented in order to print on rough and uneven surfaces such as corrugated boards.
The printing ink used in flexography printing is fast drying and of low viscosity. It is therefore considered to be a quick printing method. As corrugated boards are highly porous, flexography printing is ideal for plain text or 1-2 color graphical images.
Food & beverages is the largest end-use industry segment of the corrugated boxes market
The food & beverages segment led the market in terms of both value and volume.The key categories found in the food & beverage industry include fresh produce, processed food, and non-perishables.
The food & beverages sector requires packaging for the storage, handling, and transportation of products.Corrugated boxes are requiring while transporting products that have varying strengths, which includes extremely delicate, perishable products to processed food products.
As corrugated boxes are non-reactive, they are an appropriate medium to package, transport, and store food for a long period of time.The packaging of processed food requires safe packaging material which is suitable to the buyer and also confirms product safety.
Therefore, corrugated boxes are used for the packaging of processed foods.
APAC is the largest market for corrugated boxes market
The APAC region is projected to be the largest market, in terms of value.APAC is also expected to grow at the highest CAGR during the forecast period.
Growth in APAC is backed by the efficient demand and supply cycle of the food & beverage, electronic, and personal care industry majorly in countries like China, India, and Japan among others.A significant increase in e-commerce business development is driving the market in the area.
APAC is also an industrial hub with a significantly large market size. Other factors, such as the increasing consumer goods demand, innovation in electronics and other sectors, etc are expected to support the growth of this regional market during the forecast period.
The breakdown of primary interviews is given below:
• By Department: Sales/Export/Marketing – 60%, Production – 25%, and R&D –15%
• By Designation: Managers – 50%, CXOs – 30%, and Executives – 20%
• By Region: APAC – 42%, North America – 18%, Europe – 14%, Middle East & Africa – 22%, and South America – 4%
The key companies profiled in this report on the corrugated boxes market include Rengo Co., Ltd. (Japan), Mondi Group (UK), DS Smith (UK), Smurfit Kappa Group (Ireland), and International Paper (US) are key players in corrugated boxes market.
The corrugated boxes market has been segmented based on process, end-use sector, and region.This report covers the corrugated boxes market and forecasts its market size until 2026.
It also provides detailed information on company profiles and competitive strategies adopted by the key players to strengthen their position in the corrugated boxes market.The report also provides insights into the drivers and restraints in the corrugated boxes market along with opportunities and challenges.
The report also includes profiles of top manufacturers in the corrugated boxes market.
Reasons to Buy the Report
The report is expected to help market leaders/new entrants in the following ways:
1. This report segments the corrugated boxes market and provides the closest approximations of revenue numbers for the overall market and its segments across different verticals and regions.
2. This report is expected to help stakeholders understand the pulse of the corrugated boxes market and provide information on key market drivers, restraints, challenges, and opportunities influencing the market growth.
3. This report is expected to help stakeholders obtain an in-depth understanding of the competitive landscape of the corrugated boxes market and gain insights to improve the position of their businesses. The competitive landscape section includes detailed information on strategies, such as merger & acquisition, new product developments, expansions, and collaborations.
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