Corrugated Box Market to Grow at a Restricted CAGR of 2.89% Owing to Alternative Forms of Packaging

(IT-NEWSWIRE.COM, May 07, 2015 ) Researchmoz.us has announced the addition of a new market research report to its extensive collection of analytical research studies. The new report, titled ‘Corrugated Box Market in the US 2015-2019’, covers in detail the present statistics about the corrugated box market in the U.S. and makes forecast about the probable direction the market will take in coming years. The report presents forecasts about the development trajectory of the corrugated box market by both revenue as well as volume.
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Corrugated boxes are essential components of the packaging industry. They are lightweight yet sturdy and durable, and cheap to boot. This makes them perfect for shipping as well as storing consumer goods. Various types of corrugated boxes are described in the report in order to examine the product catalogs of various vendors.
The report uses manufacturing and sales figures obtained from corrugated box vendors to establish up-to-date market figures. It also provides a comprehensive picture of the competitive landscape of the corrugated box market, profiling major corrugated box vendors in detail, with regard to their business operations and their potential impact on the market.
The corrugated box market is divided by application into the following categories: textile goods packaging, personal and household care goods packaging, electrical goods packaging, food products and beverage packing, chemicals packaging, paper products packaging, glassware and ceramics packaging, and other non-durable goods packaging. The report applies Porter’s Five Forces analysis on these applications, to figure out the relative strength of established players and scope for new entrants looking to gain a foothold in the industry.
The prime driver for the corrugated box market during the forecast period is increasing globalization and growing production capacity in the corrugated box manufacturing industry. The former has led to large amounts of shipments across the world consisting of consumer goods and foods, constantly requiring a steady supply of corrugated boxes to accommodate the transactions. Increasing development in many regions across the world is also resulting in higher spending power across a wider spectrum of consumers, further increasing the demand in shipping and packaging industries.
Production capacity relies on technological innovation to produce higher volumes of corrugated boxes with more efficiency.
The major restraining factor for the corrugated box market is growing competition from other forms of packaging. As useful corrugated boxes are in the packaging industry, the ever-going search for the perfect product that serves the needs of both manufacturers and consumers has thrown up a few packaging materials that could get in the way of the corrugated box market’s dominance in the packaging industry.
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The report elaborates the competitive landscape of the corrugated box market, profiling the businesses of major players in the market such as Georgia-Pacific, Packaging Corporation of America, International Paper, and Rock-Tenn.
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Corrugated Box Market to Grow at a Restricted CAGR of 2.89% Owing to Alternative Forms of Packaging