South East Asia Corrugated Packaging market Current and Future Growth Analysis by Forecast to 2021 to 2027

Corrugated packaging is made from a combination of sheets of paper called liner and flutes. Corrugated boxes protects the products due to its cushioning qualities, rigidity, bursting strength, puncture resistance, and edge crush resistance, which enables them to bear impact through movement and transportation. They are light in weight, which makes them easy to handle and increases the weight of transported goods reducing the transportation expense. The production cost of corrugated boxes is very low, as the raw materials required for production are available in large quantity and are inexpensive. They can work well with printing techniques such as digital, screen, and litho printing, so that companies can print their product information, logos, brand promotion, and contact address. They are available in various sizes, colors, and design, which makes them suitable for a variety of products. They are ecofriendly and can be reused and recycled.

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.

Top Key Players in South East Asia Corrugated Packaging  market: 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.

Regional Analysis For South East Asia Corrugated Packaging  Market:

Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the South East Asia Corrugated Packaging market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.

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.

South East Asia Corrugated Packaging – Key Developments

• In June 2018, the cardboard box company was acquired by the Logson Group, which is an independent supplier of corrugated packaging. The cardboard box company would operate as a stand-alone brand within the Logson Group. With this acquisition, the companies can collectively offer a range of corrugated packaging solutions to its customers from 18 locations across UK.
• In April 2017, Rengo Co., Ltd. which is a joint venture between SCG Packaging Public Company Limited and Thai Containers Group Co., Ltd, has acquired 80% stake in PT Indocorr Packaging Cikarang. With this acquisition, the distribution operations of the company would increase to seven locations within Indonesia. Rengo Group has also stated that the corrugated packaging business within the South East Asia would be of strategic focus of conducting the overseas operations of the business.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com 

Corrugated packaging is made from a combination of sheets of paper called liner and flutes. Corrugated boxes protects the products due to its cushioning qualities, rigidity, bursting strength, puncture resistance, and edge crush resistance, which enables them to bear impact through movement and transportation. They are light in weight, which makes them easy to handle and increases the weight of transported goods reducing the transportation expense. The production cost of corrugated boxes is very low, as the raw materials required for production are available in large quantity and are inexpensive. They can work well with printing techniques such as digital, screen, and litho printing, so that companies can print their product information, logos, brand promotion, and contact address. They are available in various sizes, colors, and design, which makes them suitable for a variety of products. They are ecofriendly and can be reused and recycled.

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.

Top Key Players in South East Asia Corrugated Packaging  market: 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.

Regional Analysis For South East Asia Corrugated Packaging  Market:

Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the South East Asia Corrugated Packaging market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.

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.

South East Asia Corrugated Packaging – Key Developments

• In June 2018, the cardboard box company was acquired by the Logson Group, which is an independent supplier of corrugated packaging. The cardboard box company would operate as a stand-alone brand within the Logson Group. With this acquisition, the companies can collectively offer a range of corrugated packaging solutions to its customers from 18 locations across UK.
• In April 2017, Rengo Co., Ltd. which is a joint venture between SCG Packaging Public Company Limited and Thai Containers Group Co., Ltd, has acquired 80% stake in PT Indocorr Packaging Cikarang. With this acquisition, the distribution operations of the company would increase to seven locations within Indonesia. Rengo Group has also stated that the corrugated packaging business within the South East Asia would be of strategic focus of conducting the overseas operations of the business.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com