Global Corrugated Box Packaging Worth $76.76 Billion by 2021

 

Research and Markets, Dublin, Ireland, has added the 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 report to its offering.

The global market for corrugated boxes is projected to grow from $63.29 billion in 2016 to reach $76.76 billion by 2021, at an estimated CAGR of 3.94%. The corrugated boxes market is driven by factors such as increasing urban population, demand for pharmaceutical supplies, and growth of the e-commerce industry. 

The market is further driven by factors such as increasing awareness among consumers about sustainable packaging, and their pace of adopting such products is one of the biggest factors leading to increase in demand for corrugated boxes.

The flexography printing segment is expected to account for the largest market share within this segment in the next five years. Flexography printing is a quick and economical printing technique for printing on corrugated boxes. It helps to print images on uneven and rough substrates like corrugated boxes. Digital printing accounted for the second-largest market in 2015.

The slotted boxes segment is accounted for the largest market share in 2015 in the corrugated boxes market.

Companies mentioned include:

• Cascades 
• DS Smith Georgia-Pacific 
• International Paper 
• Kapstone Paper and Packaging.
• Mondi 
• Packaging Corp. of America
• Rengo 
• WestRock.