FMI Analysis: Corrugated Boxes Market To Surpass $128.3B In 2021 As per a detailed analysis by FMI, the global corrugated boxes market is poised to exceed $128.3B in 2021. Surg- ing applications of corrugated boxes in diverse end-use industries such as pharmaceuticals, consumer electronics, healthcare, textiles, chemicals, and others are propelling the demand in the market. Corrugated boxes are finding a wide range of applica- tions across the food and beverage sector. It is increasing- ly being used as secondary packaging solutions for pro- cessed food, dairy products, and confectionaries among others. On account of this, the market is estimated to expand at 4.3 percent CAGR during the forecast period 2021-2031. Implementation of stringent regulations on the use of plastic as secondary packaging solutions is favoring the growth in the market. For instance, according to a report by The Energy and Resource Institute (TERI), in January 2019, the Government of an Indian State, Tamil Nadu, placed a ban on the use of plastic carry bags and other plastic-based secondary packaging solutions. A slew of such initiatives are expected to propel the demand for corrugated boxes, with the market registering 4.4 percent year-on-year growth in 2021. In terms of material type, the recycled segment is pro- jected to register the high demand, expanding at nearly 4.7 percent CAGR between 2021 and 2031. Growing sustain- ability concerns regarding environmental conservation, high availability of raw material, and less cost & energy for manufacturing recycled corrugated boxes are driving the growth in the segment. “Growing inclination towards green packaging and surging demand for customized, safe, and shock-absorb- ing packaging solutions across personal care and cosmet- ics industry for shipment of e-commerce purchases is aug- menting the growth in the market,” says an FMI analyst. Key Takeaways From The Study • The U.S. is projected to hold for the lion’s share in the North America market, accounting for around 90 per- cent of the demand through 2031. • Germany is expected to emerge as the most remuner- ative market in Europe, creating an incremental oppor- tunity of $4B by the end of 2021. • India is forecast to hold a significant share in the Asia Pacific excluding Japan market, accounting for sales of more than 20 percent through 2021. • China is anticipated to emerge as a highly lucrative market, exhibiting sales at a CAGR of 4.4 percent be- tween 2021 and 2031. • On the basis of board type, the single wall segment is estimated to register the fastest growth in the market, accounting for around 70 percent of the sales in 2021. Visit www.futuremarketinsights.com/reports/sample/ rep-gb-302 to see a sample of the report.
Board Converting NEWS INTERNET DIRECTORY
OHIO BLOW PIPE/ADVANCED AIRSYSTEMS www.obpairsystems.com For 85 years the Ohio Blow Pipe company and its whol- ly owned subsidiary, Advanced Airsystems, have provided the corrugated and folding carton industries with systems and products to process scrap. We engineer, fabricate, in- stall, service, provide system audits, and offer a wide range of scrap systems, dust collection systems and products to include cyclones, under roof AIR-SCREEN™ systems, pit belt systems, CLEANAIR dust collectors, Mist-Clone™ dust control systems for vacuum feeds, material handling fans, ductwork, switch valves, airveyors, balers, shredders and dust briquetters. OMP www.omp.com OMP helps companies facing complex planning challenges to excel, grow and thrive by offering the best digitized sup- ply chain planning solution on the market. Its Unison Plan- ning concept has a unique approach. It handles all supply chain planning challenges in a unified way, synchronizing all planning stages, horizons, functions and roles. Hundreds of customers run OMP’s cloud-based solution to generate more value by making informed decisions. OMP invests one out of every three dollars earned into innovation.
PAPER AND DUST PROS, INC. www.paperanddustpros.com
We custom design, install and service air conveyed scrap and dust collection systems. Our unique APS® is smaller, lighter, and more reliable than current cyclones. Contact us to learn how the APS® System can enhance your operation.
PROFERO SYSTEMS, INC. www.ProferoSystems.com
Profero Systems the leader in double facer heating and traction section conversions along with other performance enhancing products. Featuring products from Contact Bars and Compensating Rolls to New Glue Machines and Double Facers.
GF PUHL www.gfpuhl.com
GF PUHL designs, manufactures and installs air conveyed scrap & dust collection systems for the packaging and cor- rugated industries. With 37 years of experience, USA and International. We offer below or above roof systems featur- ing cyclones OR screen separators with real time pressure balancing for optimal dust control. High efficiency cyclones for sheet transfer exhaust systems eliminate water con- sumption and deliver dust directly to compactor or briquet- ter for low maintenance, long term sustainability and reli- ability. System audits, dust explosivity tests and dust hazard analysis (DHA’s) available. Re-manufactured balers, filters, blowers and shredders available at significant savings.
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www.boardconvertingnews.com
December 27, 2021
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