PUNE, India, May 26, 2016 /PRNewswire/ --
The report "Corrugated Boxes Market by Material
(Linerboard, Medium), Printing Ink (Water-Based, Solvent-Based,
UV-Curable, Hot Melt-Based), Printing Technology (Digital,
Flexography, Lithography), Type (Slotted, Telescope) - Global
Forecast to 2021" published by MarketsandMarkets, The market
size is projected to grow from USD 63.29
Billion in 2016 to reach USD 76.76
Billion by 2021, at an estimated CAGR of 3.94%.
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Browse 213 market data Tables with 68 Figures
spread through 269 Pages and in-depth TOC on
"Corrugated Boxes Market"
http://www.marketsandmarkets.com/Market-Reports/corrugated-boxes-market-123154454.html
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report.
The global Corrugated Boxes Market is driven by factors such as
recyclability of corrugated boxes, strong growth in the food &
beverage and electronic goods industries, and increase in the
spending by consumers for packaged products. Rising e-commerce
industry and increasing demand for packed product present a great
opportunity for this market to grow in future. The Corrugated Boxes
Market is witnessing demand owing to the rise in manufacturing
activities. However, factors such as greenhouse gas emission during
production and rising raw material cost inhibit the growth of the
market.
Food & beverage is estimated to be the largest segment
during the forecast period
The food & beverage segment is projected to be the largest
market in the next five years. The demand from the food &
beverage sector is expected to experience a higher growth rate,
mainly because of the growing demand for packaged and branded
products, and consumer awareness toward the safe packaging of the
product. Beverage manufacturers widely use corrugated boxes owing
to the safe shipment they offer.
Digital printing is estimated to be the fastest-growing
printing technology during the forecast period
Corrugated Boxes Market, by printing technology, is classified
into digital printing, flexography printing, lithography printing,
and others (gravure, screen, and offset printing). The digital
printing segment accounted for the fastest-growing segment in 2015
with its numerous benefits such as high-quality, time-saving, and
cost-effective solution for manufacturing corrugated boxes. Digital
printing also uses ink-jet printing to print images on uneven and
thicker substrates.
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Asia-Pacific projected to
attain the largest share in the Corrugated Boxes
Market
Asia-Pacific with emerging
economies like China and
India will drive the Corrugated
Boxes Market. China is projected
to have the largest market share and dominate the Asia-Pacific Corrugated Boxes Market
from 2016 to 2021. Developing markets such as China and India are emerging as growth economies for
corrugated boxes. Growing economies, the increasing population, and
the resultant disposable income of people are acting as the main
drivers for increased opportunities in these countries.
The major players include Mondi Group Plc (South Africa), International Paper Company
(U.S.), WestRock Company (U.S.), DS Smith Plc (U.K.), Smurfit Kappa
Group (Ireland), and Rengo Co.
Ltd. (Japan). Companies have
adopted mergers & acquisitions to cope with the increasing
demand in the emerging markets.
The scope of the report covers detailed information regarding
the major factors influencing the growth of the Corrugated Boxes
Market such as drivers, restraints, challenges, and opportunities.
A detailed analysis of the key industry players has been done to
provide insights into their business overview, products &
services, key strategies, and recent developments associated with
the market. The Corrugated Boxes Market is segmented by material,
type, printing inks, printing technology, end-use industry, and
region.
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