Nowadays, packaging of a particular product is a key component in the overall product life cycle. Increasing consumer inclination towards light weight and convenient packaging is fuelling the demand for advanced packaging solutions mitigating the consumer demand through tapping organized retail sector. Corrugated packaging material is made from recycled card board box, which is eco-friendly resulting in significant adoption of corrugated box packaging among both food and non-food manufacturers across the globe. Basically, paperboard that is utilized for manufacturing of corrugated box packaging is defined as containerboard. Corrugated box packaging market finds profound application for processed foods, fresh food and produced food and beverage, personal and household care, chemicals, paper products, electrical goods, glassware and ceramics, wood and timber products, textiles, tobacco, transport and others.
Based on application, the global corrugated box packaging market is segmented into food & beverage, automotive, electronics, health & hygiene, pharmaceuticals and other consumer goods.
The report, “Global Market Study on Corrugated Packaging:Global Industry Analysis and Forecast to 2020”, shows that the global corrugated packaging market is expected to grow at a CAGR of 4.0% during 2014 to 2020.