Kraft Paper Demand China, Corrugated Packaging Market-Ken Research

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Usage of Automated Machines for Corrugated Box
Manufacturing and Growth in Electronics and
Consumer Appliances Industry has Supported
Corrugated box Industry in China Ken Research
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Expanding end user segments including cosmetics,
packaged food industry, pharmaceuticals, paints,
pesticides, distillery products, introduction of
colour variants in corrugated box and rising
number of manufacturers has pushed China
corrugated box market forward during the review
period. The report titled China Corrugated Box
Market Outlook to 2022 - By End Users
(Electronics and Consumer Appliances, Food and
Beverage, Beauty and Personal Care, Others), By
Wall Type (Single Walled, Double Walled, Triple
Walled), by Colored and Non Colored Boxes by Ken
Research suggested a growth at a CAGR of close to
9 in China corrugated box market by 2022. The
sale of corrugated box has increased registering
an annual growth rate of close to 10 in 2017.
The corrugated box not only caters to the
packaging needs of the end user but also protects
the environment as its products are 100
eco-friendly. Factors such as increasing demand
from fresh food and beverages, home personal
products, electronic goods industries, logistics
application, increasing consumer awareness
towards sustainable packaging and growth of the
E-commerce industry have propelled the growth of
the Chinese corrugated boxes. During the period
2012-2014, the production of corrugated boxes
increased by 10 million tons. The period saw an
unprecedented level of growth from 2013-2014 when
the production of corrugated boxes grew at a
double digit growth rate.
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Chinas economic slow-down affecting demand from
the downstream industries, fluctuation in prices
and tightening environmental regulation forced
many small players to shut down their operations.
Environmental concerns have been taken during the
period such as developments in lightweight boxes
and resource-effectiveness. The period between
2016 and 2017 witnessed huge fluctuation in the
prices of the corrugated boxboard paper prices.
The price of the corrugated boxboard paper rose
from RMB 4,810/ton in 2016 to RMB 5,690/ton in
2017. The price fluctuation trend is expected to
be continued in 2018 because of the Chinas
imposed ban on the import of waste paper, which
is an essential ingredient in the manufacturing
of corrugated board, from western nations. The
industry introduced new heavyweight products such
as billerud flute semi-chemical fluting.
Primarily, targeted at replacing wooden
packaging, this product is also able to replace
double-walled board with an overall lighter
weight single wall substitute. These factors have
together contributed in the development of the
market. Products Covered By type of box (single
walled, double walled and triple walled), by end
user (FMCG, Beauty and Personal, Electronics
Appliances and Others), by Type (Color and non
colored) and by type of players (Organized and
Unorganized)
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Companies Covered Xiamen Hexing, MYS Group,
Rengo, Shanying, Bingxin, Yeun Foong Yu, Pacific
Millennium and Shengda Group For more
information on the research report, refer to
below link https//www.kenresearch.com/automotive
-transportation-and-warehousing/logistics-and-ship
ping/china-corrugated-box-market/152686-100.html
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Contact UsKen ResearchAnkur Gupta, Head
Marketing CommunicationsSales_at_kenresearch.com
91-9015378249
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