Market research and analysis:The market for Corrugated Base Paper is expected to grow steadily over the next few years
Published Date: Tuesday,21 Mar,2023
Corrugated base paper is a type of paper that is widely used in the packaging industry. It is made by combining two or more layers of paper with fluting in between. The fluting helps to provide the paper with rigidity, strength, and cushioning properties. Corrugated base paper is used to make corrugated boxes, which are widely used in the shipping and packaging industries.
The global corrugated base paper market is expected to grow significantly in the coming years. This growth can be attributed to the increasing demand for sustainable packaging solutions and the growth of the e-commerce industry. The market is expected to witness a CAGR of over 4% during the forecast period.
The major players in the global corrugated base paper market include International Paper, Smurfit Kappa Group, Mondi Group, Nine Dragons Paper, Georgia-Pacific, Lee & Man Paper Manufacturing Ltd., Oji Holdings, and Stora Enso. These companies are focusing on expanding their production capacity and improving their product portfolio to meet the growing demand for corrugated base paper.
The prices of corrugated base paper vary depending on various factors such as the quality, thickness, and size. The average price of corrugated base paper ranges from $400 to $800 per tonne.
The global corrugated base paper market can be segmented into different types based on the flute type, paper grade, and end-use application. The flute type includes A, B, C, E, and F flutes. The paper grade includes recycled and virgin corrugated base paper. The end-use application includes food and beverages, consumer goods, electrical and electronics, healthcare, and others.
The global corrugated base paper market is highly competitive and fragmented. The companies are focusing on expanding their production capacity and improving their product portfolio to meet the growing demand for corrugated base paper. The market is also witnessing technological advancements in the production process, which is expected to improve the quality and efficiency of the products.
The global corrugated base paper market is expected to witness significant growth in the coming years, driven by the increasing demand for sustainable packaging solutions and the growth of the e-commerce industry. The market is also witnessing the trend of mergers and acquisitions, which is expected to further consolidate the market. Moreover, the companies are focusing on developing innovative products with enhanced features and properties to meet the evolving customer demands. The market is also witnessing the trend of customization, where the companies are offering customized corrugated base paper products based on the specific requirements of the customers.
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