Dublin, Jan. 16, 2019 (GLOBE NEWSWIRE) -- The "Corrugated Packaging Market by Application - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023" report has been added to ResearchAndMarkets.com's offering. Global corrugated packaging market is projected to reach $294.3 billion by 2023. The market growth is driven by the increasing demand of cost-effective and environment-friendly packaging materials from various end use industries. Insights into market segments On the basis of application, the corrugated packaging market is categorized into processed food, personal and household care, beverages, electrical and electronics goods, chemicals, glassware and ceramics, fresh food and produce, paper products, tobacco, and wood and timber products, textiles, direct mail and dispatch, transport, and others. Others include footwear and furniture. The market is expected to witness the fastest growth from personal and household care application, witnessing a CAGR of 4.3% during the forecast period. The demand for personal and household care has seen immense growth over the past few years owing to high demand for cosmetics and personal care products. This is driving the use of corrugated packaging widely in cosmetics, personal care product, and home furnishing packaging. APAC to lead the market growth The corrugated packaging market in Asia-Pacific (APAC) is expected to register a CAGR of 5.0% during the forecast period. The market growth in the region is mainly driven by the growing demand for packaging materials from the processed food industry of countries such as China and India. China is the largest market for corrugated packing in the region, while Japan is the second largest market. The high industrial production in China is one of the leading factors for the growth of the corrugated packaging market in the country. The Japanese economy is largely based on export, as the country is one of the leading exporters of consumer electronics and automotive parts in APAC. Corrugated packaging is one of the most popular packaging materials for international trade, owing to its suitability and lower cost, as compared to its counterparts. High demand for electrical goods to serve as lucrative market opportunity High growth in demand for electrical goods, especially consumer electronics, has increased the usage of corrugated packing materials. This is because these products require packaging in lightweight micro-and fine-flute corrugated configurations. Furthermore, with the growing e-commerce industry, there has been increasing demand for this packaging solution for electronic devices as it is convenient and affordable. Hence, increasing demand for electrical goods is expected to provide lucrative growth opportunity to the corrugated packaging market. Additionally, the boom in the processed food industry is expected to contribute to the corrugated packaging market growth. The packaging of processed food requires secure and flexible packaging solutions, to ensure product safety and convenience to customers. The increasing demand for easy-to-use, convenient, and lightweight packaging materials, innovative paperboard packaging solutions are being developed by packaging manufacturers to tap the growing demand from the processed food industry, thus fueling the market growth. Key Topics Covered: Chapter 1. Research Background 1.1 Research Objectives 1.2 Market Definition 1.3 Research Scope 1.4 Key Stakeholders Chapter 2. Research Methodology 2.1 Secondary Research 2.2 Primary Research 2.3 Market Size Estimation 2.4 Data Triangulation 2.5 Assumptions for the Study Chapter 3. Executive Summary Chapter 4. Introduction 4.1 Definition of Market Segments 4.1.1 By Application 4.1.1.1 Processed food 4.1.1.2 Personal and household care 4.1.1.3 Beverages 4.1.1.4 Electrical and electronic goods 4.1.1.5 Chemicals 4.1.1.6 Glassware and ceramics 4.1.1.7 Fresh produce 4.1.1.8 Paper products 4.1.1.9 Tobacco 4.1.1.10 Wood and timber products 4.1.1.11 Textiles 4.1.1.12 Direct mail and dispatch 4.1.1.13 Transport 4.1.1.14 Others 4.2 Value Chain Analysis 4.3 Market Dynamics 4.3.1 Trends 4.3.1.1 Recycling of corrugated packaging materials 4.3.2 Drivers 4.3.2.1 Increasing preference for sustainable packaging 4.3.2.2 Growth of the packaging industry 4.3.2.3 Increased use of corrugated materials by online retailers 4.3.2.4 Growing product demand from the electronics industry 4.3.2.5 Increased demand for lightweight packaging materials 4.3.2.6 Impact analysis of drivers on market forecast 4.3.3 Restraints 4.3.3.1 Low strength and poor barrier properties 4.3.3.2 Impact analysis of restraints on market forecast 4.3.4 Opportunities 4.3.4.1 Growth in the processed food industry Chapter 5. Global Market Size and Forecast 5.1 By Application 5.2 By Region Chapter 6. North America Market Size and Forecast Chapter 7. Europe Market Size and Forecast Chapter 8. APAC Market Size and Forecast Chapter 9. RoW Market Size and Forecast Chapter 10. Competitive Landscape 10.1 Market Share Analysis of Key Players 10.2 Competitive Benchmarking of Key Players 10.3 Global Strategic Developments of Key Players 10.3.1 Mergers and Acquisitions 10.3.2 Product Launches 10.3.3 Facility Expansions 10.3.4 Others Chapter 11. Company Profiles
- Nine Dragons Paper (Holdings) Limited
- International Paper Company
- WestRock Company
- Smurfit Kappa Group PLC
- Georgia-Pacific LLC
- Lee & Man Paper Manufacturing Limited
- Oji Holdings Corporation
- Mondi Limited
- Packaging Corporation of America
- DS Smith PLC
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