The Europe Corrugated Packaging Market would witness market growth of 4.1% CAGR during the forecast period (2022-2028).
Amazon used artificial intelligence to help move over 915,000 tons of packaging material, equal to 1.6 billion shipping boxes, and invested in the Closed Loop Infrastructure Fund. Corrugated packaging also provides the best stability and protection for packaged goods, which is particularly advantageous when items are handled by fulfillment workers or warehouses and transported over large distances.
Corrugated packaging is very customizable, which aids in building brand identification and awareness to foster long-term consumer relationships with the business. Furthermore, corrugated packaging methods are a relatively cost-effective choice because it doesn't require expensive labor and manufacturing costs to create these boxes. Recycling can also aid in reducing greenhouse gas emissions as well as air pollutants like volatile organic compounds (VOCs), total reduced sulfur (TRS), and hazardous air pollutants (HAP).
The market in this region is expanding due to rising consumer demand for environmentally friendly packaging across various end-use industries, including the food and beverage, pharmaceutical, cosmetic, and automotive sectors. Another significant element boosting the corrugated packaging market's revenue growth in Europe is the presence of prominent firms as well as numerous startups working on product improvements and developments in this sector by combining improved technology. Manufacturers have urged the UK to assume responsibility for choosing eco-friendly packaging options. Due to its strength, padding, flexibility, and protective and recyclable qualities, corrugated boards have long been a preferred material for packing. Hence, the increased demand for the products is boosting the expansion of the regional corrugated packaging market.
The Germany market dominated the Europe Corrugated Packaging Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $9,815.1 Million by 2028. The UK market is anticipated to grow at a CAGR of 3.2% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 4.9% during (2022 - 2028).
Based on Industry, the market is segmented into Food & Beverages, Electronic Goods, Personal Care, Pharmaceuticals, and Others. Based on Wall Type, the market is segmented into Single Wall, Double Wall, Triple Wall, and Single Face. Based on Packaging Type, the market is segmented into Boxes, Sheets, Trays, Containers, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Corrugated Packaging Market will Hit $170.5 Billion by 2028, at a CAGR of 4.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include DS Smith Plc, Georgia-Pacific LLC (Koch Industries, Inc.), Mondi Plc, Oji Holdings Corporation, International Paper Company, WestRock Company, Smurfit Kappa Group plc, Menasha Corporation, Packaging Corporation of America, and Rengo Co., Ltd.
By Industry
By Wall Type
By Packaging Type
By Country
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