Fabricated boxes are used mostly for packaging items, especially cardboard boxes and containers. Manufacturing of cigarettes, medical instruments, household electronic gadgets, and food and beverage are a few examples of important end-use industries that require packaging.
By including eye-catching images on the packaging, marketers cleverly utilise cartons. Cardboards are well-suited for printing and holding graphics. Therefore, businesses include their logo, company name, and other promotional information on their packaging in an effort to draw in specific consumer groups.
Due to their low cost and ability to be combined with other packaging materials to lower the price of the finished product, cardboard containers are the most popular choice for packaging domestic electronic appliances, food beverages, and medical equipment.
The product has the lowest environmental impact and is recyclable and biodegradable. Their popularity over their alternatives, such as plastics and polymers, is anticipated to grow as a result of their environmental friendliness.
Cardboard box and container manufacturing market is presently valued at USD 70.03 billion and is poised to amass a valuation of USD 92.94 billion by 2030, amplifying at a CAGR of 3.6% over the forecast duration. Elevating demand for cardboard boxes from various end use industries such e-commerce, electronic industry, and food beverage among others is primarily augmenting the outlook of this marketplace.
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Global Cardboard Box and Container Manufacturing Market: Segmental Analysis
By Type:
- Hard Cigarette Pack or Paperboard Box
- Corrugated Box Used for Storage of Archives
- Drink Boxes
- Milk in Gable-Top Carton
- Set-Up Box Made of Non-Bending Paperboard
By Application:
- Food Beverages
- Household Electronic Appliances
- Cigarette Manufacturing
- Medical Instruments Manufacturing
Global Cardboard Box and Container Manufacturing Market: Geographical Landscape
The major regions constituting the geographical ambit of this business sphere are North America, Middle East Africa, Europe, Latin America, and Asia Pacific. Among these, Asia Pacific is projected to capture a substantial CAGR over 2022-2030. This is attributed to the growing trends of online shopping, escalating demand for eco-friendly packaging solutions, and presence of emerging market vendors.
Global Cardboard Box and Container Manufacturing Market: Competitive Hierarchy
The prominent players characterizing the competitive terrain of this industry vertical are International Paper Company, Mondi Group, Smurfit Kappa Group, DS Smith PLC, WestRock Company, Packaging Corporation of America, Cascades Inc., Oji Holdings Corporation, Georgia-Pacific LLC, Nippon Paper Industries Ltd., Rengo Co. Ltd., Klingele Papierwerke GmbH Co. KG, Klabin SA, and Sealed Air Corporation.
Notably, in October 2021, Smurfit Kappa Group PLC announced the acquisition of a container mill in Northern Italy to amplify its cardboard box production units.
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