Market OverviewThe favorable properties of Paperboard Boxes Market have significantly widened its packaging applications, thereby pushing the demand for the market. Add to this, the fast-paced growth of the ecommerce industry is another driving factor for the global market.
Key Players
Oji Holding Corporation (Japan), Nine Dragons Paper(Holding) Limited (China), Packaging Corporation of America (U.S.), Nippon Paper Industries Co. Ltd (Japan), Orora Packaging Australia Pty Ltd (Australia), Rengo Co., Ltd. (Japan), and WestRock (U.S.)
Segmental Analysis
The global [FURL=https://www.marketresearchfuture.com/reports/corrugated-paperboard-boxes-market-1643/]Paperboard Boxes Market[/FURL] is divided by product type into corrugated and solid fiber boxes, folding paperboard boxes, set-up paperboard boxes, and others. Corrugated and solid fiber boxes are the dominant segment in the global Paperboard Boxes Market due to their durability, which makes them the prime candidate for long-distance transportation of a wide variety of products. The diversity of applications of corrugated and solid fiber boxes is expected to be crucial in enabling solid market growth of the same over the forecast period.
Regional Analysis
Asia Pacific (APAC) is likely to be the dominant regional Paperboard Boxes Market over the forecast period. Rapid growth of the ecommerce industry in the developing economies in APAC is likely to be a major driver for the Paperboard Boxes Market in the region. Growing disposable income of consumers has allowed for steady growth of the electronics industry in APAC, leading to a rise in the demand for Corrugated & Paperboard Boxes.
Market Segmentation
Based on the product, the market is segmented into corrugated & solid fiber boxes, set-up paperboard boxes, folding paperboard boxes, and others. The corrugated & solid fiber boxes dominated the market in 2016 and are projected to be the fastest-growing product over the review period. A wide applications of corrugated & solid fiber boxes across all the major goods packaging with its high benefits for distance transportation make them an ideal product for packaging. Based on the application, the market is segmented into durable goods, food & beverages, paper & publishing, chemicals, and others. The durable goods segment dominated the market in 2016 and is projected to be the fastest-growing application over the next five years, as a result of the rise in the global sale of electronic goods, home appliances, and other electronic goods, which has resulted into the market evolution of durable goods.
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