Application of Corrugated Packaging Material Widening in End-Use Industries

Corrugated packaging materials are being used in large quantities in the electrical and electronics industry, owing to the increasing consumption of consumer electronics that demands packaging in lightweight micro- and fine-flute corrugated configurations. Besides, the expansion of the e-commerce sector will also amplify the sales of such materials, as it has become the most convenient and affordable option for purchasing electronic devices. With the rising demand for consumer electronic goods, the consumption of these packaging materials will escalate in the coming years.

Additionally, the increasing applications of these materials in the processed food industry will accelerate the corrugated packaging market at a CAGR of 3.7% during 2018–2023. According to P&S Intelligence, the market value will rise from $237.5 billion in 2017 to $294.3 billion by 2023. Packaging of processed food items require flexible and secure packaging solutions to ensure convenience and product safety to consumers. Manufacturers across the world are developing innovative paperboard packaging solutions to meet the surging demand for lightweight and easy-to-use packaging materials for the processed food sector.

The broadening application base of these cost-effective and environment-friendly packaging materials in various end-use industries has encouraged market players, such as Nine Dragons Paper (Holdings) Limited, Packaging Corporation of America, Georgia-Pacific Equity Holdings LLC, International Paper Company, Lee & Man Paper Manufacturing Ltd., DS Smith PLC, Smurfit Kappa Group, Mondi Group, and Oji Holdings Corporation, to produce corrugated packaging materials in large quantities. The packaging solutions developed by these players help e-commerce and courier companies in easy and convenient delivery of goods to the door-step of consumers.

Geographically, the Asia-Pacific (APAC) region dominated the corrugated packaging market in the past, due to the escalating influence of the west and increasing shift toward retail ready-to-eat food. The hectic lifestyle of people and rapid urbanization in the region have fueled the adoption of durable and non-durable goods. In recent years, India and China have observed significant rise in the consumption of processed foods, therefore, creating high demand for these materials. Moreover, largescale export of automotive parts and consumer electronics from China and Japan have boosted the usage of the materials in APAC.

Thus, the growth of the processed food, electrical and electronics, and e-commerce sectors will lead to the largescale consumption of corrugated packaging materials, globally.

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