November 25, 2024 06:30 ET | Source: FACT.MR FACT.MR
Rockville, MD , Nov. 25, 2024 (GLOBE NEWSWIRE) -- Based on the newly published report by Fact.MR, a market research and competitive intelligence provider, the global cardboard box & container manufacturing market is valued at around US$ 479.25 billion in 2024 and is forecasted to expand at a CAGR of 5.3% to reach US$ 807.07 billion by 2034. printing service brochure
Due to several reasons that are changing the global economy, the demand for cardboard boxes and containers is still growing at a steady rate. Sustainable packaging solutions are in high demand due to the phenomenal growth of e-Commerce and recent changes in consumer purchasing patterns. Cardboard packing has emerged as the mainstay of contemporary commerce, from small company shipping to Amazon deliveries. Beyond retail, cardboard packaging is essential to the operations of several sectors, including medicines and agriculture. The material is essential in today's market because of its adaptability, affordability, and environmental friendliness. Customers prefer its recyclability, while manufacturers value its adjustable qualities.
With creative designs that satisfy strict safety regulations while using less plastic, the food and beverage industry has especially welcomed cardboard packaging. The need for cardboard solutions is growing as more companies across the world pledge to be more environmentally conscious, making it an essential part of the global supply chain.
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Key Takeaways from cardboard box & container manufacturing Market Study:
“Cardboard boxes are simple to assemble, lightweight, and come with easy handling, thereby making them more popular in every industry for packaging purposes,” says a Fact.MR analyst.
Leading Players Driving Innovation in the Cardboard Box & Container Manufacturing Market:
Internet Paper Company; WestRock Company; Smurfit Kappa Group; Mondi Group; DS Smith; Rengo Co Ltd; Packaging Corporation of America; TGI Packaging Pvt. Ltd; Georgia Pacific LLC
Introduction of Digital Printing in Packaging Becoming a New Trend to Embrace
Digital printing technologies bring up new income streams in niche sectors by enabling small-batch, customized operations without compromising efficiency. To save waste and storage expenses, firms are also implementing just-in-time inventory systems and lean manufacturing concepts. Several businesses are also creating cutting-edge structural designs that are stronger while using less material, which lowers the cost of transportation and raw materials. The profitability landscape of the sector is completely transformed by these developments in conjunction with data-driven decision-making.
Cardboard Box & Container Manufacturing Industry News:
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More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the cardboard box & container manufacturing market for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on product & service (corrugated & solid fiber boxes, folding paperboard boxes), and major market (food, beverage, and agricultural producers, retail & whole trader sectors, miscellaneous manufacturers, paper & other product producers, chemical, plastic & rubber product producers, exports), across seven major regions of the world (North America, Western Europe, Eastern Europe, East Asia, Latin America, South Asia & Pacific, and MEA).
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