Corrugated Boxes Market worth USD 278.18 billion by 2028, registering

On Sep 22, 2021

New York, Sept. 22, 2021 (GLOBE NEWSWIRE) — Corrugated Boxes Market Overview: According to a comprehensive research report by Market Research Future (MRFR), “Corrugated Boxes Market Research Report, Type, Wall Construction, Application and Region – Forecast till 2028” the market is projected to be worth USD 278.18 billion by 2028, registering a CAGR of 5.38% during the forecast period (2021 – 2028)., The market was valued at USD 186.18 billion in 2021.

Competitive Analysis

List of the Key Companies Profiled in the Corrugated Boxes Market Research Report are

Archis Packaging (India) Pvt. Ltd
Packaging Corporation of America
Europac Group
International Paper
Mondi Group
Orora Packaging Australia Pty Ltd
Smurfit Kappa Group
DS Smith
Georgia-Pacific LLC.
Others

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The corrugated boxes market is highly competitive and fragmented due to several big and small market players forming a competitive landscape, adopting strategic expansion of business in emerging markets. To create new markets and maintain their market positions, manufacturers rely on innovation and keep themselves updated with new technological developments and consumer trends.

For instance, on August 27, 2021, The Smurfit Kappa Group plc (Ireland), a leading global corrugated packaging company and paper-based packaging company, announced a US$ 22 MN investment in its corrugated plant in Mexico to boost sustainable packaging offerings.

The move demonstrates the company’s commitment to expanding capacity, capabilities, and products offerings in the Mexican market in the fresh produce segment. The facility would produce corrugated boxes made with moisture barriers that can resist condensation. Also, these new offerings would result in more sustainable operations at the facility with reduced use of 100 percent recyclable paper at Smurfit Kappa mills.

Scientifically it has been proven that corrugated boxes can significantly reduce carbon footprints. Government initiatives for promoting eco-friendly packaging materials propel the market. Moreover, online retailing of fresh fruits and vegetables fosters the adoption of corrugated boxes.

Corrugated boxes are primarily used to packaging fruits & vegetables, liquid bottles, ready-to-eat food, and confectionery products. Growing applications across rapidly growing industries, especially food & beverages, personal care, pharmaceuticals & healthcare, and electronic goods, contribute to the corrugated boxes market value. Additionally, initiatives from the CPA (The Corrugated Boxes Alliance) to promote corrugated packaging support market growth.

Browse In-depth Market Research Report (185 pages) on Corrugated Boxes

https://www.marketresearchfuture.com/reports/corrugated-boxes-market-4179

COVID-19 Impacts

The onset of COVID-19 pandemic impacted the global corrugated boxes market severely. The demand for fresh foods & beverages and produces was significant amid the…