The Latin America, Middle East and Africa Corrugated Packaging Market would witness market growth of 6.9% CAGR during the forecast period (2022-2028).
Businesses in the e-commerce industry have begun extending the size of their warehouses to accommodate the increasing demand for a wide variety of products online. As a result, the need for corrugated packaging boxes has significantly increased. These ideas would contribute significantly to the expansion of the corrugated packaging sector. Additionally, corrugated boxes allow for customization so that they can be made "right-sized" for the goods.
Customers are frequently impressed by customization since it increases brand awareness and conveys professionalism in business. Customized branding is a great way to win over customers. Companies also include a personal touch in their boxes, which is important for fostering customer loyalty and promoting repeat business.
Corrugated packaging is also very affordable and it may be used repeatedly. Since there is a desire to reduce single-use plastics, corrugated cardboard stands out as the ideal option because a rapidly growing group of environmentally conscious consumers are eager to favor businesses that strive for sustainability. As a result, the food and beverage industry has utilized corrugated packaging solutions to increase future sales and revenue growth.
Brazil is one of the top countries in Latin America in terms of both foreign direct investment and international trade. To address the growing demand for industrial and food products, imports are used. Corrugated packaging is necessary to shield the items from harm. As the percentage of the population who are middle-class rises, it is predicted that demand for packaged goods will increase, supporting the growth of the packaging industry. In order to give customers access to various online retail platforms and boost their earnings, traditional brick-and-mortar retailers are swiftly altering their business methods. For instance, two of the biggest Middle Eastern retailers, Lulu Group and Carrefour, built eCommerce websites in the UAE. As a result of these factors, the necessity for corrugated packaging would increase, which will benefit the regional market.
The Brazil market dominated the LAMEA Corrugated Packaging Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,891.9 Million by 2028. The Argentina market is experiencing a CAGR of 7.4% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 6.6% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Corrugated Packaging Market is Predict to reach $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.
By Industry
By Wall Type
By Packaging Type
By Country
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