The Corrugated Packaging market is set to grow significantly up to 2032. What’s driving this growth? A few key reasons:
- Widespread Use: These packagings are used in a variety of products – from beauty and health items, candies, to frozen foods and cigarettes. The range is vast!
- Online Shopping Trend: More people are shopping online today. With products needing to be shipped to customers, the demand for corrugated packaging is on the rise.
- Healthcare Needs: The healthcare sector, which is growing fast, also requires folding boxboards – a type of corrugated packaging.
Breaking it down a bit:
- Types of Products: Among the many products in this market, folding boxboards are expected to be valued at $18 billion by 2032. These boards typically have three layers. The central layer is often made of lightweight pulp, keeping the board light.
- Printing Techniques: In printing, a method called screen printing is becoming more popular. Why? It’s great for high-quality images and is often used in retail packaging.
- Stickers and Labels: Cost-effective label stickers are gaining popularity since they give a shiny finish to the boxes.
- End-users: The chemical & plastics industries are increasingly using corrugated packaging. These boxes are ideal for packing chemicals – both solid and liquid – ensuring they’re safe to handle.
- Regional Growth: Focusing on regions, North America, especially the U.S.A., is seeing a surge in demand. In fact, the U.S.A. is responsible for over 80% of the demand in this region!
Key players leading the market include companies like Packaging Corporation of America, Danhil de Mexico, and Mondi Group, to name a few.
For more detailed insights, check out the source at gminsights.com.