Cardboard Box And Container Manufacturing Market
The global Cardboard Box And Container Manufacturing Market size is estimated at USD 70.03 Billion in 2022 and is projected to reach USD 92.94 Billion by 2030, growing at a CAGR of 3.6%.
Cardboard boxes and containers are fabricated boxes primarily utilized for packaging goods. Key end-use industries that use packaging include food & beverages, household electronic appliances, cigarette, and medical instruments manufacturing.
Marketers make smart use of cartons by using attractive graphics on the packaging. Cardboards have good printing and graphic holding capability.
Therefore, enterprises in order to gain traction consumer groups embed their logo, company name, and other promotional details on their packaging.
Cardboard containers are the cheapest form of packaging which helps in reducing the final product price on account of bundling with packaging which in turn is anticipated to increase its demand for packaging purposes in medical instruments, food & beverages, and household electronic appliances.
Global Cardboard Box and Container Manufacturing Market: Overview
Companies prosper on account of a reduction in transportation cost because of their low weight. The rise of substitutes is a concerning major threat faced by the cardboard packaging industry.
Buyers have a choice of a vast variety of alternatives which include containers made up of plastic, metal, and glass.
For More Insights, Download a free Sample Copy of Cardboard Box and Container Manufacturing Market: https://wemarketresearch.com/sample-request/cardboard-box-and-container-manufacturing–market/170/
There has been a significant propulsion in the usage of tin packaging in the U.S. resulting in a decline in product applications.
Conglomerates tend to go for backward integration to negate the power of suppliers and ensure continuous flow.
One such example is Indian tobacco goods commonly known as ITC which established its own packaging unit.
Non-durability is another threat that is pulling down the global market. Cardboard containers are easily prone to wear and tear.
They have a low product life when compared to rugged containers made up of metal or plastics. Beverages face problems due to container leakage.
Key Trends: Growth Determinants and Challenges
Sustainability accompanied with increase in online shopping across Central & Eastern Europe to drive market
About 45% of the consumers in Central and Eastern Europe prefer online shopping amid the COVID-19 pandemic. Studies and surveys predict that the new online buyers are expected to continue online shopping. More than half of the population in Central and Eastern Europe appreciate the incorporation of a sustainable approach and eco-friendly material in the cardboard boxes used for packaging.
Adherence to environmental standards during production
One of the prime challenges that cardboard box manufacturers are estimated to face over a period of time is lowering the greenhouse gas emissions and developing highly efficient & eco-friendly methods of manufacturing products. Cardboard boxes are experiencing increased demand among consumers, however, the high consumption of energy and the impact on the environment acts as a major restriction for it to be considered as a highly sought-after packaging product. As corrugated boxes are made from wood pulp, their production has a significant impact on forests.
Competitive Landscape:
Segmental Analysis of Global Cardboard Boxes and Container Manufacturers:
Based on Type
The slotted boxes segment led the market in terms of both value and volume. They are generally made from one piece of corrugated board which is usually stitched, taped, or glued. The blank, or tray, is scored and fitted to allow folding after which the boxes are dispatched flat to the user.
Based on Material
The linerboard material segment led the market in terms of both value and volume. Kraft liner contains at least 80% virgin craft pulp fibers. Due to its high strength and moisture resistance, Craft liner is used as an outer and intermediate ply in corrugated boxes. The craft linerboard is primarily used for the manufacture of high-grade colour-printed corrugated boxes for the food & beverages, home & personal care, and other industries.
Based on Printing Ink
The water-based ink segment led the printing ink segment of the market by both value and volume. Water-based inks are composed of pigments or dyes in a colloidal suspension with water-soluble resins or resin emulsions. Typically, water-based inks contain a higher percentage of solids, which implies that there is less liquid to be removed.
Based on Printing Technology
Flexography segment led the printing technology of the market. Flexography is a quick and economical printing technique which is widely used in packaging printing due to the wide range of benefits offered. It is used to apply simple designs and colours to a wide range of packaging materials, such as corrugated boxes, plastic containers, tapes, envelopes, and metal foils.
Based on End-User
The food & beverages segment led the market in terms of both value and volume. The key categories found in the food & beverage industry include fresh produce, processed food, and non-perishables. The food & beverages sector requires packaging for the storage, handling, and transportation of products.
Based on Region
The APAC region is attributed as the largest market, in terms of value. APAC is also expected to grow at the highest CAGR during the forecast period. Growth in APAC is backed by the efficient demand and supply cycle of the food & beverage, electronic, and personal care industry majorly in countries like China, India, and Japan among others. A significant increase in e-commerce business development is driving the market in the area.
Get More Details On This Report:- https://wemarketresearch.com/reports/cardboard-box-and-container-manufacturing–market/170/
Major Developments:
Major questions answered in the report:
Key Takeaways from the report:
About We Market Research:
WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.
Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. WE MARKET RESEARCH is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.
Contact Us:
We Market Research
Phone: +1(650)-666-4592
Email: sales@wemarketresearch.com
Web: https://wemarketresearch.com/
Overview and Scope Internal neuromodulation devices refer to a type of medical devices that are…
Overview and Scope Intermittent catheters refer to small, flexible, soft tubes that are placed into…
Overview and Scope Intelligent Transport System (ITS) is a combination of advanced technologies and communication…
Overview and Scope Intelligent airways transportation (IAT) is the use of advanced technologies and systems…
Overview and Scope InsurTech (insurance technology) refers to the use of technological innovations and advancements…
Overview and Scope Insulin biosimilars refer to biological products that are similar in terms of…