The Japan corrugated board market is
expected to reach USD 5.02 billion by 2022, according to a new report by Grand
View Research, Inc. The growing consumption from the food and beverage
packaging industry is expected to boost the demand.
Corrugated board was initially manufactured
for use as a packaging material for fragile glassware products. The rising
demand for packaging materials to maintain the freshness of food products and
prevent damage during the transportation led to the adoption of corrugated
boards.
The booming e-commerce business is also
expected to augment the demand for corrugated boards. Flexibility and
lightweight of corrugated boards enable easy handling and transportation, which
is a requisite for the e-commerce industries. Growing regulatory pressure
regarding non-biodegradable packaging materials in the country is anticipated
to boost the corrugated board market demand.
Japan is expected to witness significant
growth on account of various factors such as rising industrial activity in the
manufacturing sector that requires corrugated packaging to transport and
protect goods. Ongoing developments in small flute and high-quality graphic
board are expected to boost the penetration of corrugated boxes in traditional
folding carton applications.
Browse full report by Grand View
Research : http://www.grandviewresearch.com/industry-analysis/japan-corrugated-board-market
Further key findings from the report suggest:
·
Electrical goods is the fastest-growing
application and expected to register a CAGR of 1.5% from 2015 to 2022 owing to
increased demand for consumer electronics
·
Transport application segment is projected
to grow at a CAGR of 0.9% from 2015 to 2022 owing to the presence of
manufacturers such as Toyota; Honda; and Nissan
·
The beverages application segment is
projected to grow at a CAGR of 1.0% from 2015 to 2022 owing to the presence of
manufacturers such as Kirin Brewery; Asahi Breweries; and Suntory Holdings
·
Key companies operating in the Japan
corrugated board market include Nippon Paper Group, Inc.; Oji Holdings
Corporation; Rengo Co., Ltd.; Yamakoh, Co., Ltd.; and ISOWA Corporation
·
In March 2016, Nippon Paper Industries Co.,
Ltd. established a packaging communication center in the company’s corporate
planning division and a packaging research laboratory in the research &
development division to cater to the packaging industry
Browse more reports of this category by Grand View
Research: https://www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
Grand View Research has segmented the Japan
corrugated board market on the basis of application.
Japan Corrugated Board Application Outlook (Volume,
Million Square Meters; Revenue, USD Million; 2012 - 2022)
·
Food Product
·
Beverages
·
Personal & Household Care
·
Chemicals
·
Electrical Goods
·
Glassware & Ceramics
·
Transport
·
Textiles
·
Paper Products
·
Others
Access
press release by Grand View Research : https://www.grandviewresearch.com/press-release/japan-corrugated-board-market-analysis
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
