South East Asia Corrugated Packaging Market by Box Type, and Application

South East Asia Corrugated Packaging – Market Outlook

The corrugated packaging market started in South East Asia after Second World War, owing to high demand of corrugated packaging for trade.

Indonesia has lucrative market for corrugated packaging. The rapid growth in industrial and agricultural sector followed by fast expansion of shopping malls and supermarkets is fueling the growth of Indonesian corrugated packaging market.

Vietnam has a rapidly increasing consumer goods market where consumers prefer purchasing food and beverages through box which will drive the corrugated packaging market.

The corrugated packaging industry in Thailand has been stimulated due to growing consumer expectations, increase in purchasing power of consumers, and changing lifestyle and preferences.

Singapore has a requirement of high quality corrugated boxes for good quality printing that catches consumer attention. In January 2017, the National Environment Agency of Singapore announced to introduce increased sustainability packaging regulation, which will affect corrugated packaging market in this region.

In Malaysia and Philippines, the changing industrial structure and economic growth respectively will augment the market for corrugated packaging.

Rest of South East Asia will have a significant demand for corrugated packaging, owing to increasing demand by various end-use industries.

Ask for detailed Sample of the Research [email protected] https://www.coherentmarketinsights.com/insight/request-sample/817
*The Sample consists of Table of Content, Research framework of the actual report & research methodology adopted for it.

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.

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.

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.

Ask for Customization of Research [email protected] https://www.coherentmarketinsights.com/insight/request-customization/817

South East Asia Corrugated Packaging – Market Taxonomy

Based on box type, South East Asia corrugated packaging market is segmented into:

  • Folder Box
  • Rigid Box
  • Slotted Box
  • Telescope Box
  • Others

Based on box type, South East Asia corrugated packaging market is segmented into:

  • Food and Beverages
  • Automotive
  • Electronics
  • Health and Hygiene
  • Pharmaceuticals
  • Others

You may be interested

Widespread Use Of Insulin Pens Is Likely To Fuel The Growth Of The Disposable Insulin Pen Market
Healthcare
Healthcare

Widespread Use Of Insulin Pens Is Likely To Fuel The Growth Of The Disposable Insulin Pen Market

Mohit Joshi - October 20, 2018

The Disposable Insulin Pen Market is expected to have a highly positive growth outlook from 2018-2026 according to a recently released by Coherent Market Insights, added in its…

Pulse Oximeter Market Is Also Driven By Technology Advancements And Also In Expansion Of Clinical Applications
Healthcare
Healthcare

Pulse Oximeter Market Is Also Driven By Technology Advancements And Also In Expansion Of Clinical Applications

Mohit Joshi - October 20, 2018

The Pulse Oximeter Market is expected to have a highly positive growth outlook from 2018-2026 according to a recently released by Coherent Market Insights, added in its large…

Extracorporeal Shock Wave Lithotripsy Market Is Being Fuelled By Rise In Incidence Of Kidney Stones
Healthcare
Healthcare

Extracorporeal Shock Wave Lithotripsy Market Is Being Fuelled By Rise In Incidence Of Kidney Stones

Mohit Joshi - October 20, 2018

The Extracorporeal Shock Wave Lithotripsy Market is expected to have a highly positive growth outlook from 2018-2026 according to a recently released by Coherent Market Insights, added in…

Most from this category