Chemicals Industry Today

Global Corrugated Packaging Market to Develop at 4% CAGR between 2014 and 2020

The electronic commerce (e-commerce) industry is growing at a fast pace globally, which, consequentially, is leading to increasing in demand for corrugated packaging.
Published 25 August 2015

New York City, New York, August 25, 2015: A new market study on the global corrugated packaging market, published by Persistence Market Research (PMR), estimates the market to be developing at a CAGR of 4.0% during the period from 2014 to 2020 and reach US$173.6 million at the end of the forecast period.

The research report, titled “Global Market Study on Corrugated Packaging: Glassware and ceramics application to witness highest growth by 2020”, provides detailed information about the global corrugated packaging market, including growth drivers, restraints, and opportunities, as well as the key market segments and regional corrugated packaging markets.

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According to the report, the current boom in the e-commerce industry has fueled the demand for corrugated packaging on account of the sustainability and cost-efficiency of this type of packaging. Apart from this, the development of industrial manufacturing in emerging markets is also boosting the global corrugated packaging market significantly.

The report determines North America as the biggest regional market for corrugated packaging across the globe. The U.S. dominates the corrugated packaging market in North America. In 2010, the U.S. corrugated packaging market stood at US$23.63 billion. At a CAGR of 1.5% over the period from 2011 to 2013, the market attained a value of US$24.72 billion in 2013. The market for corrugated packaging in the rest of North America developed at a CAGR of 2.1% between 2011 and 2013.

According to a U.S.-based corrugated packaging association, the Corrugated Packaging Alliance (CPA), almost 90% of all products transported across the U.S. are packed in corrugated packaging. In 2012, as per the CPA, there were approx. 1,300 corrugated packaging manufacturing facilities in Canada and the U.S.

The report also looks into the corrugated packaging market in Asia Pacific, Europe, and the Rest of the World. In Asia Pacific, China is the biggest corrugated packaging market, whereas India, Japan, China, and Indonesia are the major corrugated packaging material manufacturing centers. The corrugated packaging industry in China is mainly driven by the development of the food and healthcare markets, which are the biggest end users of corrugated packaging in the region.

In Europe, France, Italy, Germany, the U.K., Spain, and Poland are the major corrugated packaging markets, while the market in the Rest of the World is dominated by Turkey and Brazil, as per the report.

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The research report provides an insight into the competitive landscape of the global corrugated packaging market, identifying the current market hierarchy. The major market players profiled in this report are International Paper Co., Rock-Tenn Co., Nine Dragons Paper Ltd., Smurfit Kappa, Georgia-Pacific Equity, Lee & Man Paper Manufacturing Ltd., Oji Holdings Corp., Packaging Corporation of America, Mondi Group, and DS Smith Plc.

The report aims to offer a comprehensive analysis of the worldwide corrugated packaging market in order to aid market participants in gaining a better understating of this industry. The information and statistical data produced in this report helps market players in making crucial strategies for business expansion and attaining an edge over competitors.

About Us

Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.

PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.


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