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Corrugated Packaging Market Size, Trends, Growth Factors, Regional Seg…

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작성자 apekshapatil 댓글 1건 조회 200회 23-08-08 22:01

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The latest market intelligence report, titled ‘Global Corrugated Packaging market drivers and restraints Market’, is intended to provide the target audience with the necessary information about the global Corrugated Packaging market drivers and restraints industry. The report comprises a detailed analysis of the vital elements of the Corrugated Packaging market drivers and restraints market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors. 

Furthermore, the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario. 

The Corrugated Packaging market plays a vital role in the global packaging industry, providing versatile and sustainable solutions for various products. Corrugated packaging, made from corrugated board, consists of fluted layers sandwiched between two flat linerboards. It is widely used for shipping, storing, and protecting goods across industries such as food and beverages, e-commerce, electronics, and consumer goods. This article provides an overview of the corrugated packaging market, including its drivers, restraints, and key statistics from government organizations.

The global corrugated packaging market size was USD 70.81 Billion in 2022 and is expected to register a revenue CAGR of 3.9% during the forecast period, according to latest analysis by Emergen Research. One of the primary drivers of the corrugated packaging market is the increasing demand for sustainable packaging solutions. With growing environmental concerns, businesses and consumers are seeking packaging materials that are recyclable, biodegradable, and made from renewable resources. Corrugated packaging fits the bill, as it is predominantly manufactured from recycled fibers, reducing the reliance on virgin materials and minimizing the environmental impact. Additionally, corrugated packaging is lightweight, which helps reduce transportation costs and carbon emissions.

Another driver of the corrugated packaging market is the rise of e-commerce. The exponential growth of online shopping has led to a surge in demand for packaging materials to protect and ship products. Corrugated boxes are the preferred choice for e-commerce packaging due to their durability, versatility, and cost-effectiveness. The ability of corrugated packaging to withstand the rigors of transportation and provide adequate protection for various products has made it indispensable in the e-commerce industry.

However, the corrugated packaging market also faces certain restraints. One significant challenge is the volatility in raw material prices. The production of corrugated packaging heavily relies on the availability and cost of recycled fibers or virgin pulp. Fluctuations in the prices of these raw materials can impact the profitability of corrugated packaging manufacturers and potentially lead to price fluctuations in the market. Additionally, the increasing cost of energy and transportation can also pose challenges to the corrugated packaging industry.

Government organizations play a crucial role in monitoring and regulating the corrugated packaging market. They set guidelines and regulations for the recycling and disposal of packaging materials, ensuring that corrugated packaging meets environmental standards. For instance, the Environmental Protection Agency (EPA) in the United States encourages the use of recycled fibers in corrugated packaging production, promoting sustainability and reducing waste.

Statistics from government organizations highlight the significance of the corrugated packaging market. According to the Fibre Box Association (FBA), the corrugated industry in the United States produced over 389 billion square feet of corrugated products in 2020. This reflects the widespread use and demand for corrugated packaging in various sectors. Furthermore, the FBA reports that the recycling rate for corrugated packaging in the United States was 96% in 2020. This high recycling rate demonstrates the industry's commitment to sustainability and the circular economy.

Get a sample of the report @ https://www.emergenresearch.com/request-sample/2116

The study further assesses the regional market as well as the international market to garner an insight into the scope of the market. The report also offers estimations and predictions about the market segment and sub-segments exhibiting promising growth in the forecast timeline. The report also provides deeper insights into the technological advancements, industrial landscape, and emerging product and technological developments in the Corrugated Packaging market. It offers fruitful insights into the business sphere to help businesses capitalize on the lucrative growth opportunities.

Key Players Profiled in the Report are:

Mondi, DS Smith, International Paper, Georgia-Pacific, Oji Holdings Corporation, Smurfit Kappa, WestRock Company, Pactiv Evergreen Inc., Tat Seng, and Packaging Corporation of America

The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry.

To know more about the report visit @ https://www.emergenresearch.com/industry-report/corrugated-packaging-market

Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Corrugated Packaging market expected to boost the growth of the industry in the coming years.

Corrugated Packaging Market Segmentation:

  • Material Type Outlook (Revenue, USD Billion; 2019-2032)

    • Kraft Paper
    • Recycled Paper
    • Others
  • Product Type Outlook (Revenue, USD Billion; 2019-2032)

    • Boxes
    • Trays
    • Partitions
    • Pads
    • Others
  • Printing Technology Outlook (Revenue, USD Billion; 2019-2032)

    • Flexography
    • Digital Printing
    • Lithography

Key Questions Answered in the Report:

What is the growth rate of the Corrugated Packaging market? What is the anticipated market valuation of Corrugated Packaging industry by 2027?

What are the key growth driving and restraining factors of the Corrugated Packaging market?

Who are the prominent players operating in the market? What are the key strategies adopted by these companies?

What are the key opportunities and growth prospects of the Corrugated Packaging industry over the forecast period?

Which region is expected to show significant growth in the coming years?

Request customization of the report @ https://www.emergenresearch.com/request-for-customization/2116

Thank you for reading our report. Please get in touch with us if you have any query regarding the report or its customization. Our team will ensure the report is best suited to your needs.

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About Us:

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research

Direct Line: +1 (604) 757-9756

E-mail: sales@emergenresearch.com

Visit for More Insights: https://www.emergenresearch.com/insights

 

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