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In 2015, according to the United Nations, each person annually uses packs of more than 110 USD worldwide, which significantly contributes to the expansion of the industry of the packaging. The corrugated packaging industry is experiencing incredible growth due to the growing demand for food and beverage packaging, personal and household care products, medicines and other products. The rise of the e-commerce industry plays a vital role in the adoption of corrugated packaging for consumer goods. About 85% of corrugated packaging is used for shipping boxes when high protection is required. In addition, the growing popularity of corrugated cardboard displays, used for the effective development of products in retail stores, is expected to contribute to the expansion of corrugated packaging operations. These factors increase the global production of corrugated board. In 2016, according to the International Corrugated Case Association (ICCA), more than 240 billion square meters of corrugated cardboard were produced, with North America occupying 30% of total production revenues.
In addition, innovative solutions have been adopted corrugated packaging also contributes to the growth of the global market of corrugated packaging. For example, International Paper Co. uses cellulose fibers in corrugated packaging that are mainly used to package textiles, building materials, paints and coatings, and other non-durable goods.
For more details at: https://www.marketinsightsreports.com/reports/120484820/global-corrugated-packaging-market-outlook-2024-global-opportunity-and-demand-analysis-market- forecast-2016-2024 / inquiry? source = thehonestanalytics & fashion = RahulK
Market Segmentation: –
Based on the type of packaging
o Boxes slits
o Telescopic Boxes
o File Boxes
o Self-erecting Boxes / Automatic Boxes at Bottom
o Bliss / Rigid Boxes
o Other (Mailboxes, Mailboxes, Boxes)
By Region
- North America (US, Canada) {Market Share (%), Market Size (in millions USD), Adoption Rate (%)}
- Europe (United Kingdom, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Czech Republic) st of Europe) {market share (%), market size (million USD), adoption rate (%)}
- Middle East and Africa (GCC countries, North Africa, South Africa and the rest of the Middle East and Africa) Share (%), size market (million USD), adoption rate (%)}
- Latin America (Brazil, Mexico and rest of Latin America) {market share (%), market size (million USD ), adoption rate (%)}
- Asia-Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {share of market (%), market size (million USD), adoption rate (%)}
- Rest of the world {market share (%), market size (millions of US $), rate of adoption (%)}
Decreasing rate to: https://www.marketinsightsreports.com/reports/120484820/understanding-packaging-market-insights- 2024-global-opportunity-and- -request-analysis-market-forecast-2016-2024 / discount? source = thehonestanalytics & fashion = RahulK
Market Size and Forecasts (2016-2024)
The global packaging market valued at more than $ 820 billion in 2015 and carton packaging Corrugated accounts for nearly 28% of the global market share of packaging. The global market for corrugated packaging reached $ 239.24 billion in 2016 and is expected to reach $ 332.49 billion in 2024, with a CAGR of 4.20% over the forecast period.
In 2015, North America is the leading packaging market followed by Europe. There are approximately 1,300 corrugated plants in the United States and Canada, and more than 96% of them are shipped in corrugated boxes in the United States. In addition, more than 25 billion USD are injected into the US and Canadian economies by the corrugated industry each year. The corrugated packaging market in North America is expected to grow by 3.0% over the forecast period.
Market Factors and Challenges
Wood and metal packaging are very heavy and turn into corrugated cardboard. packaging. Growing awareness of environmental issues, increasing convenience and tilt requirements for smaller packaging together stimulate the growth of the global packaging market, possibly increasing the demand for packaging in corrugated cardboard around the world. The high-performance packaging and the preference of environmentally friendly packaging over plastic packaging have a positive impact on the growth of the corrugated packaging market.
Browse the full report and related details at: https://www.marketinsightsreports.com/reports/120484820/global-waving-packing-market-lookers-2024-wide- opportunity- and- demand analysis, market-forecast-2016-2024? source = thehonestanalytics & mode = RahulK
Key Players
- International Paper Company
o Synopsis
o Business Strategy
o Product Portfolio
o SWOT Analysis [19659023] History - Synopsis of Market
- Market Segmentation
The global market for corrugated packaging is segmented as follows:
- By type of insect (market size, demand analysis and growth)
- By type of application (market size, demand analysis and growth)
- by type of end-user (market size, demand analysis and growth)
- Corrugated Pac The kaging market report covered the following information:
- North America (United States, Canada) {Market Size, Growth Analysis, and Opportunity Analysis}
- Latin (Argentina, Mexico, Brazil and rest of the Am Latin America) Europe (Germany, Italy, Spain, France, United Kingdom, Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market size, growth analysis and analysis of opportunities }
- Asia-Pacific (China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia-Pacific) {Market Size, Growth Analysis and Outlook}
- ] Middle East and North Africa (MENA) Growth Analysis and Opportunity Analysis}
- Rest of the World {Market Size, Growth Analysis and Opportunity Analysis}
Market Dynamics: Growth Factors, Restrictions, and Opportunities
- Risk Factors
- Regional Variations
- Developments
Key Mar ket Players
Synopsis
Business Strategy
Product Portfolio
SWOT Analysis
Model Porters Five Force
Market Market:
Outlook competition and beyond the market for professional players and entry-level players. determine their business in the dynamic ecosystem
Expert Analysis
Concluding Remarks
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