Corrugated packaging is made from a combination of sheets of paper called liner and flutes. Corrugated boxes protects the products due to its cushioning qualities, rigidity, bursting strength, puncture resistance, and edge crush resistance, which enables them to bear impact through movement and transportation. They are light in weight, which makes them easy to handle and increases the weight of transported goods reducing the transportation expense. The production cost of corrugated boxes is very low, as the raw materials required for production are available in large quantity and are inexpensive. They can work well with printing techniques such as digital, screen, and litho printing, so that companies can print their product information, logos, brand promotion, and contact address. They are available in various sizes, colors, and design, which makes them suitable for a variety of products. They are ecofriendly and can be reused and recycled.
The growing use of this economical, ecofriendly, and light weight packaging by various end users such as electronics, automotive, pharmaceuticals, healthcare, and food and beverages is the major growth driver for corrugated packaging market. Advancement in e-commerce sector is augmenting corrugated packaging market. The durability of corrugated packaging and its inability to withstand harsh outdoor and indoor conditions are the major challenges faced by corrugated packaging market. Developments in corrugated packaging include improved water resistance, corrosion resistance, decreasing the corrugated board weight, cooler corrugating, zero defect technology, and exploring new fields such as microencapsulation and nanotechnology.
South East Asia Corrugated Packaging - Market Taxonomy
Based on box type, South East Asia corrugated packaging market is segmented into:
Based on box type, South East Asia corrugated packaging market is segmented into:
There is a lucrative demand for corrugated packaging material in food and beverages industries, as they are mainly used in packaging of processed food. The use of corrugated boxes in fresh food packaging is fueling the growth of corrugated packaging market.
South East Asia Corrugated Packaging - Market Outlook
The companies are adopting various organic and inorganic growth strategies to retain their market position. For instance, Thai Containers Group Co., Ltd, which is a joint venture between SCG Packaging Public Company Limited has acquired 80% stake in PT Indocorr Packaging Cikarang in April 2017. Key market players operating corrugated packing in the South East Asia corrugated packaging include Perhimpunan Industry Corrugated Cardboard Indonesia, PT. IPI (International Packaging Industries Ltd.), The Box Company, Acter Carton Sdn Bhd, FinePac Industries Sdn Bhd, Stanpack Industries Pte Ltd., Tat Seng Packaging Group Ltd, Cheng Heng Paper Product Co. Pte Ltd., and Binh Minh Packaging.
South East Asia Corrugated Packaging – Key Developments
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About Author
Pankaj Poddar is a seasoned market research consultant with over 12 years of extensive experience in the fast-moving consumer goods (FMCG) and plastics material industries. He holds a Master’s degree in Business Administration with specialization in Marketing from Nirma University, one of India’s reputed institutions, which has equipped him with a solid foundation in strategic marketing and consumer behavior.
As a Senior Consultant at CMI for the past three years, he has been instrumental in harnessing his comprehensive understanding of market dynamics to provide our clients with actionable insights and strategic guidance. Throughout his career, He has developed a robust expertise in several key areas, including market estimation, competitive analysis, and the identification of emerging industry trends. His approach is grounded in a commitment to understanding client needs thoroughly and fostering collaborative relationships. His dedication to excellence and innovation solidifies his role as a trusted advisor in the ever-evolving landscape of not only FMCG but also chemicals and materials markets.
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