The corrugated wrap-around market is a thriving sector in the packaging industry. This innovative packaging solution offers robust protection and versatility for various products. Wrap-around packaging involves folding a single piece of corrugated board around a product, creating a secure and efficient container. It is widely used in the food and beverage, pharmaceutical, and e-commerce industries due to its adaptability to different shapes and sizes. The market continues to grow as companies seek sustainable and cost-effective packaging solutions. With the rising importance of eco-friendly packaging, corrugated wrap-around solutions are increasingly favored for their recyclability and ability to reduce waste, making them a significant player in the packaging landscape.
Corrugated wrap-around packaging, often referred to as wraps, offers a seamless fit for automatic production lines, streamlining manufacturing processes. These boxes are crafted through die-cut packaging techniques that envelop the corrugated material, ensuring optimal strength and protection. This packaging solution is particularly well-suited for safeguarding delicate items like tetra packs, bottles, and gable tops.
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As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global Corrugated Wrap around market is expected to grow at a healthy CAGR during the forecast period (2018-2028). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales Corrugated Wrap around in the coming 10-years.
The report conducts in-depth analysis into factors causing the change in consumer behavior and purchasing patterns. It also provides refined sales projections to assist market players in identifying remunerative segments.
The Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Corrugated Wrap around
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Corrugated Wrap around market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key Corrugated Wrap around Market Takeaways and Projections
- The U.S. is expected to lead the North America Corrugated Wrap around market, projecting the fastest growth in the region between 2018 and 2028
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2028.
Report Benefits & Key Questions Answered
- Historical Market Analysis: The detailed survey by FMI, examines key factors in the Corrugated Wrap around market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Corrugated Wrap around market for the forecast period 2018-2028.
- Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Corrugated Wrap around for the assessment period. As per the study, the demand for Corrugated Wrap around will grow at a robust CAGR between 2018 and 2028.
- Market Trend Analysis: The latest study by FMI on the Corrugated Wrap around market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
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Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Corrugated Wrap around market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
Companies operating in the corrugated wrap around market
Tier 1 Companies, revenue above US$ 15 Mn:
- Mondi Group
- Smurfit Kappa
- DS Smith
- Georgia-Pacific LLC
- International Paper Co.
Tier 2 Companies, revenue between US$ 10 Mn to US$ 15 Mn
- GWP Group
- WestRock Company
- Packaging Corporation of America
- Easternpak Corrugated Packaging
- Unipakline
- Planet Paper Box Group Inc.
- Green Bay Packaging Inc.
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Market Segmentation:
On the basis of board grade:
- Kraft paper
- Partly/Fully recycled liner paper
- Bleached kraft paper
- White coated liner
- Others
On the basis of flute type:
- E flute
- B flute
- C flute
- Others
On the basis of end use:
- Food & Beverages
- Retail
- Shipping
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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