The global cellular paper cardboard market size is expected to gain momentum owing to the increasing demand from the packaging industry during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, “Cellular Paper Cardboard Market, 2021-2028.” The growing ecommerce sector has further created a promising trend of shipping through cardboard boxes at various product phases, generating a lucrative market for such boxes. The worldwide ban on plastic packaging has led to a massive demand for cardboard boxes in the packaging business.
COVID-19 Impact-
Due to enforced lockdowns and imposed limits in the response to the recent COVID-19 pandemic, various business activities have either been temporarily suspended or are operating with a minimal workforce. The pandemic has boosted the popularity of online purchasing, which has boosted demand for cellular paper cardboards for packaging solutions
Segments-
By type, the market for cellular paper cardboard is segmented into cellular cardboard and honeycomb cardboard. On the basis of application, the market is segregated into packaging, general manufacturing, consumer goods, and others. Finally, by geography, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
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What does the Report Offer?
The report offers a comprehensive analysis of the companies operating in the market. The information is based on first-hand knowledge of the market, qualitative and quantitative analyses by market experts and feedback from industry leaders and participants across the value chain. The study examines parent market patterns, macroeconomic indicators, and governing factors in detail, and market attractiveness by segment.
Drivers & Restraints-
Increasing Demand for Packaging in Electronics to Aid Growth
The increasing demand from the electronics sector is expected to boost the global cellular paper cardboard market growth during the forecast period. The soaring e-commerce industry has led to the introduction of advanced electronic models, out of which consumer electronics is the most popular retailing category. Moreover, with the growing popularity of smartphones, the electronics industry is experiencing exponential growth. As a result, the demand for cardboard boxes for packaging has gained momentum globally. For instance, according to the GSMA real-time intelligence data, global smartphone usage is now 5.27 billion individuals. This implies approximately 67.3% of the worldwide population owns a smartphone.
REGIONAL INSIGHTS
Asia-Pacific to Remain Dominant; Expansion of Online Retailing to Propel Growth
Asia Pacific is expected to hold the largest global cellular paper cardboard market share during the forecast period. The regional market would be driven by the high concentration of manufacturers in China and India. Furthermore, the growth of e-commerce and retailing in Asian countries will boost demand for cellular cardboard packaging.
North America is anticipated to hold a significant position in the market. This is due to increasing packaging demand from end-use industries.
Competitive Landscape-
Key Players to Focus on Partnership to Brighten Their Market Prospects
Global corporations and well-established enterprises are estimated to expand aggressively in the industry. Due to the packaging industry's constant expansion and increased customer preferences for high strength and cleanliness features, the market for cellular paper cardboard is projected to see several new entrants throughout the projected period. Key players focus on partnerships to further expand their product portfolio to maintain their presence in the market during the forecast period.
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Industry Development-
- February 2020: Mondi Group partnered with a Mexican corrugated packaging firm to provide fresh produce protection that is environmentally friendly. The new solution is 18% lighter and contains no paraffin.
List of Key Players Profiled in the Global Market for Cellular Paper Cardboard:
- International Paper Company
- Mondi Group
- DS Smith Plc.
- WestRock Company
- Smurfit Kappa Group
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