Corrugated Boxes Market – Recycled Fibers to Report Higher Demand

“With the significant rise in the packaging and converting industries, the demand for corrugated boxes has bolstered across the world, says a TMR analyst. The increasing application of corrugated boxes in the logistics, fresh food and beverages, electronic goods, and the home and personal care goods industries is boosting the global corrugated boxes market significantly. Apart from this, the rising preference for sustainable packaging among consumers is also driving the growth of this market across the world.

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Over the coming years, this market is likely to gain from the remarkable progress of the E-commerce industry, worldwide, as online retailers have begun to increasingly utilize various types of corrugated boxes, on the basis of the kind of product to be transported, for the safety of the products. Efficient packaging is fast becoming one of the primary business requirements in the E-commerce industry, which is expected to reflect on the growth of this market over the next few years, states the report.

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Latin America, Asia Pacific excluding Japan (APEJ), Japan, North America, Europe, and the Middle East and Africa (MEA) have surfaced as the prominent regional markets for corrugated boxes, states the report. Presently, Asia Pacific excluding Japan is leading the global market and, expanding at a CAGR of 4.10%, it is anticipated to remain on the top spot over the period of the forecast.