Jersey City, New Jersey, November 25, 2021 (GLOBE NEWSWIRE) – Verified Market Research recently published a report, “Accordion Corrugated Board Market“By-products (single wall, double wall and triple wall), by applications (e-commerce, offline retail) and by geography. According to Verified Market Research, the global accordion corrugated market size was valued at USD 27.52 billion in 2020 and is expected to reach USD 37.58 billion by 2028, with a CAGR of 3.84% from 2021 to 2028 .
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Browse the table of contents in depth to “Accordion Corrugated Board Market“
202 – Pages
126 – Tables
37 – Figures
Global Accordion Corrugated Board Market Overview
Due to growing environmental concerns, its demand is expected to increase as it is recyclable in nature. The Asia-Pacific region is expected to be a major hub due to an increase in online shopping trends, from countries such as China, India and other South Asian countries. China is the number one market for electronic commerce. Thus, with the rise of e-commerce, the demand for packaging is sure to increase, creating a demand for accordion-folded corrugated cardboard solutions.
Corrugated cardboard boxes are widely used in the retail industry for packaging. The demand for corrugated boxes is used to only increasing in the coming years due to an increase in the number of people opting for online shopping. The FMCG industry is expected to be a major source of revenue for corrugated box manufacturers as it packaged consumer goods. Leading FMCG companies focus on sustainable packaging, creating demand for corrugated boxes. The rise of e-commerce has led to an increase in the use of corrugated boxes for shipping electronic products.
Although the demand for cardboard boxes has continued to grow during the Covid-19 pandemic, their manufacturers have not been able to ensure a steady supply due to the shortage of raw materials. Thus, accordion corrugated board solutions face huge problems of rising prices as well as shortage of raw materials.
The main players in the market are Box on Demand, International Paper Company, Smurfit Kappa, DS Smith, Menasha Packaging Company, Papierfabrik Palm, Braepac Packaging, Independent Corrugator, Rondo Ganahl, RIBBLE PACKAGING LTD. and others.
Verified market research segmented the global accordion corrugated board market on the basis of products, applications, and geography.
- Accordion Corrugated Board Market, By-Products
- Single wall
- Double sided
- Triple wall
- Accordion Corrugated Board Market, By Application
- Offline Retail
- Accordion Corrugated Board Market By Geography
- North America
- The rest of europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East and Africa
- Latin America
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