Research and Markets, Dublin, Ireland, has added the Global Corrugated Box Packaging Market 2015-2019 report to its offering. According to the report, the global corrugated box packaging market will grow at a CAGR of 3.98% during 2014-2019. 

 

Corrugated boxes are paper-based container boxes used to pack various durable and non-durable goods. These boxes are flexible, durable, and lightweight, and thus, are used as a cost-effective form of packaging. They are primarily used for packaging consumer and industrial goods. In addition, apart from being used as shipping containers, these boxes are also used as shelf-ready packaging boxes by retailers in their stores. Currently, corrugated boxes play a key role in packaging and distribution SCM by ensuring safe transportation of goods and also in the marketing of product. 

 

The report notes that one of the major trends being adopted by many vendors in the market is new innovations in the manufacturing of corrugated boxes. Many vendors have started manufacturing corrugated boxes with recycled material, thus becoming more environmentally-friendly and promoting green sustainability. 

 

According to the report, one of the main factors driving this market is the increase in the amount of processed food consumed worldwide. Most processed foods products are packaged in small, lightweight corrugated boxes for parcels and deliveries as they are non-reactive and cheap. Corrugated box packaging even aids companies in marketing and advertising campaigns by allowing innovative and attractive designs. 

 

The report further states that one of the main challenges in the market is the growing competition from other forms of packaging. Items such as wood and plastics are gaining popularity among both manufacturers and customers because of the variety of options provided by them. Manufacturing industries in particular prefer using wood pallets as substitutes. 

 

Key Vendors identified in the report include Amcor, International Paper, MeadWestvaco, and Smurfit Kappa Group.