PUBLISHER: Grand View Research | PRODUCT CODE: 1552585
PUBLISHER: Grand View Research | PRODUCT CODE: 1552585
The Japan corrugated board market size is expected to reach USD 5.46 billion by 2030, expanding at a CAGR of 1.1% from 2024 to 2030, 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.