26 March, 2019
Raleigh, NC – March 26, 2019 - The e-commerce sector will be a significant demand driver of the corrugated box market along with the retail ready/SRP trend. The containerboard market in the emerging markets such as Asia and LATAM is expected to grow nearly 4 - 5 percent until 2021, according to Beroe Inc, a procurement intelligence firm.
North America is the largest manufacturer of virgin containerboard in the world due to the presence of the southern pine forest zones. The region also remains the major exporter of virgin grades to various destinations such as Central America, Asia, and West Europe, which together consume more than 60 percent of the exports. In terms of global corrugated demand, APAC would continue to post the fastest growth, and China would contribute to the maximum growth in the market until 2020.
Beroe, which is based in North Carolina, further stated that procurement experts can access this report on its recently launched market intelligence platform Beroe LiVE: live.beroeinc.com
The containerboard market is highly consolidated in North America with the top five companies accounting for 75 percent of the market share; hence, co-operation levels are high during price fluctuations. On the other hand, the Asian containerboard industry is highly fragmented with the top five players holding almost 28 percent of the market share.
The major product trends and innovations in the corrugated board industry are lightweight containerboards with the basic weight being less than 26 lbs./thousand square feet. It has significantly helped in the reduction of freight cost. Additionally, innovative fluting design, which offers superior printing as well as cost savings through effective volume utilization has also helped drive the industry.
The research methodology adopted for the report included:
Companies are increasingly setting up dedicated warehousing for custom boxes for economic delivery and also offer box design and redesign services. Capital investments are also being made as custom boxes hold better appearance, branding, and packaging efficiency. Other markets are also positively responding to the corrugated board market as the demand for custom boxes from large retailers such as Wal-Mart will increase in the future.
The report also includes:
Beroe is the world’s leading provider of procurement intelligence and supplier compliance solutions. We provide critical market information and analysis that enables companies to make smart sourcing decisions—leading to lower costs, greater profits and reduced risk. Beroe has been providing these services for more than 13 years and currently works with more than 10,000 companies worldwide, including 400 of the Fortune 500 companies.
To learn more about Beroe Inc., please visit: http://www.beroeinc.com