Converters Expo To Celebrate 10th Anniversary The next Converters Expo will take place Thursday, March 23, 2017, at Lambeau Field Atrium in Green Bay, Wisconsin. Since 1997, Converters Expo has been bringing together equipment companies, con- verter-manufacturers, material suppliers and service providers to network and see new products at Lam- beau Field in Green Bay,Wisconsin. Corrugated Market To Reach $76.76 Billion By 2021 The corrugated boxes market size is projected to grow from $63.29 Billion in 2016 to reach $76.76 Bil- lion by 2021, at an estimated Compound Annual Growth Rate of 3.94 percent, according to a new re- port from MarketsandMarkets. The global corrugated boxes market is driven by factors such as recyclability of corrugated boxes, strong growth in the food & beverage and electronic goods industries, and increase in the spending by consumers for packaged products. Rising e-com- merce industry and increasing demand for packed product present a great opportunity for this market to grow in future. The corrugated boxes market is
witnessing demand owing to the rise in manufactur- ing activities. However, factors such as greenhouse gas emission during production and rising raw mater- ial cost inhibit the growth of the market. The food & beverage segment is projected to be the largest market in the next five years.The demand from the food & beverage sector is expected to expe- rience a higher growth rate, mainly because of the growing demand for packaged and branded prod- ucts, and consumer awareness toward the safe pack- aging of the product. Beverage manufacturers widely use corrugated boxes owing to the safe shipment they offer. Corrugated boxes market, by printing technology, is classified into digital printing, flexography printing, lithography printing, and others (gravure, screen, and offset printing).The digital printing segment account- ed for the fastest-growing segment in 2015. Asia-Pacific, with emerging economies like China and India, will drive the corrugated boxes market. China is projected to have the largest market share and dominate the Asia-Pacific corrugated boxes mar- ket from 2016 to 2021. Growing economies, the in- creasing population, and the resultant disposable income of people are acting as the main drivers for increased opportunities in these countries.
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4 December 12, 2016 Flexo Market News
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