Progression in Demand for Packaged Food and Internet Shopping is driving Revenue Growth of the Global Multi-Depth Corrugated Box Market

Valley Cottage, NY, Oct. 16, 2017 (GLOBE NEWSWIRE) -- Future Market Insights (FMI) delivers key insights on the global multi-depth corrugated box market in a newly published report titled “Multi-Depth Corrugated Box Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017–2027).” In terms of revenue, the global multi-depth corrugated box market is estimated to expand at a CAGR of 6.6% over the forecast period, owing to numerous factors, about which FMI offers thorough insights in this report.
Global Multi-Depth Corrugated Box Market: Segmental Forecast

The global market for multi-depth corrugated box is segmented on the basis of capacity type, strength type, board type and end use industry. On the basis of capacity type, the global market for multi-depth corrugated box is segmented into up to 80 lbs, 80 to 180 lbs, 180 to 300 lbs, and above 300 lbs. On the basis of strength type, the global multi-depth corrugated box market is segmented into normal (Below 32 ECT), standard (32 ECT), heavy duty (44 ECT) and heavy duty double wall (48 ECT). On the basis of board type, the market is segmented into single wall, double wall and triple wall. On the basis of end use industry, the global multi-depth corrugated box market is segmented into food & beverages, consumer electronics, home care & personal care, textiles, glassware & ceramics, automotive and others. This report assesses trends driving growth of each market segment at the global level and offers potential takeaways that could prove substantially useful for value chain business partners looking to enter the multi-depth corrugated box market.

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• By board type, the single wall segment is expected dominate in terms of market share, with an estimated value share of about 69% by 2027 end – this is an increase of 110 basis points in market share over 2017
• On the basis of capacity, the Up to 80 lbs segment is expected to witness an incremental opportunity of US$ 479 Mn over the forecast period
• In terms of strength, the Standard 32 ECT segment is expected to lead the market with a CAGR of 7.0% over the forecast period
• Among the end use industry segments, the food & beverages segment is anticipated to lead the global market with a market share in excess of 40% expected to be recorded by the end of the forecast period in 2027

Regional Insights

The North America multi-depth corrugated box market includes a country level analysis for the U.S. and Canada. The U.S multi-depth corrugated box market is expected to grow at a CAGR of 4.9% over the forecast period. The Latin America multi-depth corrugated box market includes country level analysis for Brazil, Mexico and Rest of Latin America. The Brazil multi-depth corrugated box market is expected to expand at a CAGR of 7.3% over the forecast period over the backdrop of critical challenges faced by the manufacturing economy of the region. The Europe multi-depth corrugated box market includes country level analysis for Germany, France, Italy, Spain, U.K., Russia, BENELUX and Rest of Europe. Germany, U.K., France, Italy and Russia account for a significant market share in the Europe multi-depth corrugated box market. The Middle East and Africa (MEA) multi-depth corrugated box market includes country level analysis for GCC, Turkey, Egypt, Algeria, Iran, South Africa, North Africa and Rest of MEA. Multi-depth corrugated box market in the GCC region is particularly driven by high growth in the food & beverage segment. The APEJ multi-depth corrugated box market includes country level analysis for China, India, ASEAN, Australia and New Zealand, and Rest of APEJ. The APEJ multi-depth corrugated box market is the most lucrative regional market for multi-depth corrugated boxes. Multi-depth corrugated box market in India and ASEAN is characterised by a growing trend for internet shopping and packaged food.

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Key Market Players

Key players operating in the global market for multi-depth corrugated boxes include Georgia-Pacific LLC, International Paper, DS Smith Packaging Limited, Oji Holdings Corporation, Pratt Industries, Inc., Acme Corrugated Box Co. Inc., Great Little Box Company Ltd., A.D. Inc. of Milwaukee, WestRock Company, Smurfit Kappa Group Plc, Uline, Inc., Shillington Box Co., LLC, Wertheimer Box Corporation, Bee Packaging, VPK Packaging Group nv, Tat Seng Packaging Group Ltd, Action Box Inc., Aylesbury Box Company, Shanghai DE Printed Box, Minnesota Corrugated Box, Inc. 

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