Corrugated
Boxes Market Global Research Report 2017 Analysis & Forecast to 2023
The global corrugated boxes market is
driven by Asia-Pacific followed by Europe. In 2016, Asia-Pacific accounted for
the largest market share of 49.50% and is projected to grow at the highest
CAGR, in terms of value, during the forecast period. Steady growth in
e-commerce business and food and beverage industry in Asia-Pacific region
offers a potential opportunity for the corrugated boxes market to boom during
the forecast period. The Europe region has the highest paper recycling
rate which is leading to an increased production of corrugated boxes.
According to the Market Research
Future analysis, the global corrugated boxes market
was valued at USD 61,229.4 million and is projected to grow at
a CAGR of 3.91% during the forecast period.
Analysts state
that Mondi Group (Austria), Smurfit Kappa Group
(Ireland) , International Paper Company (U.S.), Orora Packaging Australia Pty
Ltd. (Australia), WestRock (U.S.), Georgia-Pacific LLC (U.S.), Archis Packaging
Pvt. Ltd. (India), Europac Group (U.K.), KapStone Paper and Packaging
Corporation (U.S.) and Nefab Group (Sweden) are some of the major companies
operating in this business market.
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