Asia Pacific Corrugated Packaging Market Size, Share & Industry Trends Analysis Report By Industry, By Wall Type (Single Wall, Double Wall, Triple Wall, and Single Face), By Packaging Type (Boxes, Sheets, Trays, Containers), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Corrugated Packaging Market would witness market growth of 4.9% CAGR during the forecast period (2022-2028).
In terms of shopping, customer behavior has changed over time, and this has resulted in enormous developments. People's propensity for online shopping is growing quickly, which will have a significant impact on the development of the market. The rise of the online retail sector is anticipated to offer the corrugated packaging market excellent growth opportunities as globalization's influence spreads.
Additionally, the adoption of corrugated packaging is significantly influenced by sustainability. When it comes to environmental preservation. The governments of many nations are concentrating on reducing the negative effects of pollution, and other factors on the environment as knowledge of the effects of pollution and global warming rises. Numerous government and non-government organizations are putting together recycling programs and initiatives. These programs contribute to sustainability standards being maintained.
The corrugated box industry is integrally tied to the industrial sector in India, which primarily depends on corrugated box packing for completed commodities transit and handling. India's corrugated box industry has grown due to increased consumer demand for fresh food and beverages, home and personal care products, electronics, and ecological packaging, as well as the development of e-commerce. The five-ply type of box contributed significantly to sales volume in FY2018. Since it is now made using fully or partially automated machinery, enhancing its strength and displacing the 7-Ply and 9-Ply boxes, the 5-Ply box has taken over the market. All of these elements are hastening the demand for and use of corrugated boxes in the region, which is, in turn, hastening the expansion of the regional market.
The China market dominated the Asia Pacific Corrugated Packaging Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $17,703.8 Million by 2028. The Japan market is estimated to grow a CAGR of 4.3% during (2022 - 2028). Additionally, The India market would experience a CAGR of 5.5% during (2022 - 2028).
Based on Industry, the market is segmented into Food & Beverages, Electronic Goods, Personal Care, Pharmaceuticals, and Others. Based on Wall Type, the market is segmented into Single Wall, Double Wall, Triple Wall, and Single Face. Based on Packaging Type, the market is segmented into Boxes, Sheets, Trays, Containers, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Corrugated Packaging Market is Projected to reach USD 170.5 Billion by 2028, at a CAGR of 4.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include DS Smith Plc, Georgia-Pacific LLC (Koch Industries, Inc.), Mondi Plc, Oji Holdings Corporation, International Paper Company, WestRock Company, Smurfit Kappa Group plc, Menasha Corporation, Packaging Corporation of America, and Rengo Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
- Food & Beverages
- Electronic Goods
- Personal Care
By Wall Type
- Single Wall
- Double Wall
- Triple Wall
- Single Face
By Packaging Type
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- DS Smith Plc
- Georgia-Pacific LLC (Koch Industries, Inc.)
- Mondi Plc
- Oji Holdings Corporation
- International Paper Company
- WestRock Company
- Smurfit Kappa Group plc
- Menasha Corporation
- Packaging Corporation of America
- Rengo Co., Ltd
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