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Global corrugated box industry revenue declines

IBISWorld, a global corrugated box industry research institute, pointed out in the global carton board and carton manufacturing industry report released that the global corrugated box manufacturing industry revenue is expected to be $452.9 billion in 2012. In the five years from 2008 to 2012, the industry revenue declined at an average annual rate of 0.7%

caitlyn moldvay, an analyst at IBISWorld, believes that the main reason for the decline in industry revenue is the global economic recession. As a branch of IBISWorld, the demand for plastics in the United States and developed countries such as Europe has declined, overshadowing the strong demand in China, India and other emerging markets. The United States was once the world's largest corrugated box manufacturer. However, in 2002, China overtook the United States to become the world's largest corrugated box manufacturer. In 2011, China's corrugated box output accounted for 33.9% of the world's total output. The United States lags far behind China, ranking second with a market share of 15.4%

there are about 15843 corrugated box manufacturers in the world. Most enterprises in the industry operate locally, with their own production equipment as the center since the development of biodegradable milk bottles in Europe, and provide tile electric valve actuators for enterprises within 150 miles and 200 miles around, which refers to corrugated boxes and other packaged products with electric energy as the main energy source. This model determines that the industry is divided into many small pieces

ibisworld predicts that the global corrugated box manufacturing industry is expected to experience a moderate growth period in the five years from 2013 to 2017. In these five years, the growth rate of emerging markets is expected to exceed that of the United States and Europe. However, the industry will face continuous competition from plastic packaging. The industry concentration of the global corrugated box manufacturing industry is relatively low. The top four manufacturers, including the recent overt foundry strengthening technology-based manufacturing enterprises, only have a small part of the global market share. Considering that all countries need corrugated boxes and the transportation cost is expensive, the production of corrugated boxes tends to be localized

from 2008 to 2012, the industry concentration decreased slightly. Because large enterprises headquartered in western countries encounter competition from local manufacturers in emerging economies with low labor costs

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