Strong Growth in Food & Beverage and Durable Goods Sectors to Fuel Demand for Corrugated and Paperboard Boxes, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) June 03, 2014 -- Follow us on LinkedIn – Product packaging plays a vital role in marketing and promotion. From protecting and increasing the shelf life of the product to creating a unique brand identity, packaging is important to all types of product groups from computers to processed foods. Consumer goods represents the most important end-use market for cardboard or paperboard boxes, since packaging in this sector is designed for use in the retail environment where the multisensory appeal of product appearance is of vital importance. Corrugated cardboard boxes in this regard have the advantage of being customized and printed in various colors and designs for effective product marketing, promotion and image building. Other benefits of corrugated cardboard boxes fuelling its adoption include inexpensive raw materials and low cost as compared to other packaging formats, recyclable and eco-friendly material, lightweight and easy to handle during transportation, and ability to custom design the boxes in assorted sizes, shapes and designs.
Corrugated and paperboard boxes are used widely in the food and beverage sector and for protective packaging of consumer and electronic goods and furniture and other durables. Key factors driving growth in the market include improving global GDP, increased consumption of goods and services, rising disposable incomes and growing popularity of online shopping. In the non-durable goods market, strong demand for prepared and processed foods is fuelling consumption of corrugated and paperboard boxes as the preferred packaging solution for food and beverages. Durable goods, which utilize costly and large boxes, is also a key end-use market for corrugated and paperboard boxes. Increased industrial activity post-recession, specifically with regard to manufacturing, is helping spur demand for corrugated packaging. Corrugated boxes are expected to be increasingly used in packaging heavy and automated equipment, as against its current widespread use in smaller equipment packaging. Improvements in strength and durability of corrugated boxes are cited as key reasons encouraging its use in packaging larger items.
As stated by the new market research report on Corrugated and Paperboard Boxes, Asia-Pacific represents the largest regional market, worldwide. With a CAGR of 6.7% over the forecast period, the region also ranks as the fastest growing market. Rapid industrialization, urbanization, burgeoning international trade, and increasing consumption of packaged consumer goods represent factors driving demand growth in emerging Asian economies such as India and China. In developed and saturated markets of United States, Western Europe, and Japan where corrugated and paperboard boxes have attained a commodity status, limited growth prospects are being partially offset by innovation in graphics and other value added features such as superior dimensional stability, resistance to cracking, and printer friendly surfaces, among others. Corrugated & Solid Fiber represents the largest and the fastest growing product market with growth supported by its position as the preferred container format for shipping purposes by the manufacturing sector. Folding paperboard boxes market is forecast to face stiff competition from alternate packaging formats and materials such as clamshells, stand-up pouches, flexible film and blister packs, among others.
Major players covered in the report include Cascades Inc., DS Smith Plc, Georgia-Pacific Corporation, Graphic Packaging Holding Company, International Paper, Klabin SA, Lee & Man Paper Manufacturing Ltd., MeadWestvaco Corporation, Mondi Group Plc, Nine Dragons Paper (Holdings) Limited, Nippon Paper Industries Co. Ltd., Oji Holdings Corporation, Orora Ltd., Packaging Corporation of America, Rengo Co. Ltd., RockTenn Company, SAICA, Smurfit Kappa Group Plc, and Visy Pty Ltd.
The research report titled “Corrugated and Paperboard Boxes: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Rest of World. Product Segments analyzed include Corrugated & Solid Fiber, Folding Paperboard Box, and Set-Up Paperboard Box. End-use segments analyzed include Non-Durables (Food & Beverages, Paper & Publishing Products, Chemicals & Allied Products, and Others), and Durables.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Corrugated_and_Paperboard_Boxes_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Telephone: 408-528-9966
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Raghu Gopal, Global Industry Analysts Inc, +1 408-528-9966, [email protected]
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