Multi-Depth Corrugated Box MarketSize and Trends
Multi-Depth Corrugated Box Market outlook:
- North America holds the dominant position in the global multi-depth corrugated box market and is expected to retain its dominance over the forecast period. This is mainly due to increasing per capita income and industrialization coupled with the presence of a strong consumer base in the countries such as U.S. and Canada. Moreover, the well-established Electronic commerce segment in the region has further augmented the retail-ready packaging demand, due to its time and labor cost saving attribute, is expected to fuel the market growth.
- Asia Pacific is expected to be the fastest growing region in the global multi-depth corrugated box market. The growing industrialization in the emerging economies of the region such as India and China has augmented the international trade, thereby propelling the demand for multi-depth corrugated boxes for the shipment of goods. Moreover, the one belt on road initiative by China and the development of Chabahar Port in Iran by India, is expected to increase the trade between Asia pacific with Middle East and Europe. Moreover, according to the United Nations Economic and Social Commission for Asia Pacific (UNESCAP), owing to the recovery from the economic shutdown, low commodity prices and adverse exchange rates in 2014, nominal exports and imports are expected to rise by 65 by the end of the 2017, which in turn is expected to show a positive impact on the growth of the multi-depth corrugated boxes market in the regions in the future.
Multi-Depth Corrugated Box Market Taxonomy
On the basis of board type, the global multi-depth corrugated box market can be segmented as:
- Single face
- Double wall
- Single wall
- Triple wall
On the basis of application, the global multi-depth corrugated box market can be segmented as:
- Food and beverage
- Pharmaceuticals
- Chemicals
- Furniture
- Electronics
- Automotive
- Cosmetics and Personal Care
- Others
