Project Report For Carton Box Manufacturing
Project report for Carton Box Manufacturing is as follows.
The worldwide carton box market was valued at USD 61.29 billion in 2015, and is expected to grow at a CAGR of 3.94 percent to USD 76.76 billion by 2021.
Carton boxes are gaining popularity in the food and beverage and e-commerce businesses across the world. During the projection period, Asia-Pacific is expected to be the fastest-growing region.
Carton box manufacturers in Asian countries are projected to gain from the growth of the e-commerce industry.
Get Completely Custom Bankable Project Report
Factors such as the expanding food and beverage sector, rising demand for packaged goods, and economic development are all driving the carton box market in this area. The study’s base year is 2015, with market size projections running from 2016 through 2021.
The study’s main goal is to define, categorise, and forecast the size of the corrugated box market based on material, type, printing technology, printing ink, end-use industry, and region. It also includes thorough information on the major variables impacting market growth (drivers, restraints, opportunities, and industry-specific challenges).
Various stakeholders in the carton box market make up the industry ecosystem. This ecosystem is made up of numerous players participating in the carton box industry’s supply chain. It all starts with the raw material suppliers, who supply the necessary raw materials to the production firms.
The research and development team follows suit, as customers demand better and more inventive solutions to their issues that are also more sustainable and environmentally friendly.
The manufacturers are in charge of this. Following that, the final items are marketed and sold, which is only feasible if an effective distribution channel is established. Finally, the consumer receives the finished product.
Product Cost Breakup
Reveneue Vs Expenses
In modern period, paper and paper products are adaptable industrial raw materials with a broad range of applications, and owing to a lack of softwood, hardwood packing cases are increasingly being substituted by carton board-boxes and cartons.
The availability of raw materials is increasing as more and more commodities come in paper packaging. As a result, waste paper recycling is in high demand, with items such as paperboards, binding sheets, sweet box cartons, and other packing cartons being produced. Due to effective cushioning, lightweight, easy fabrication, easy storage, easy disposal, no strapping required, printing and advertising advantages, must in the export market, recyclable, and other factors, carton boxes account for 80% of industrial packaging.
Over 12,000 current corrugated box-making plants generate nearly 5.2 million tonnes of boxes each year, worth an estimated Rs 18,000 crore in the market. About 2,200 semi-automated and partly organised manufacturing units provide another 40%, while 200 automated manufacturing units contribute roughly 40%. The rest comes from over 9,500 units in the unorganised sector.
The rise in online shopping, fueled by the increased usage of smartphones and a greater number of tech-savvy customers, has a favourable impact on corrugated demand since it has a direct impact on the e-commerce sector.
The impact of supermarkets on the retail landscape, as well as their expanding share of the retail sector, will continue to drive the corrugated box industry in the future. Inline The current semi-automated manufacturing processes will be eased out by the automatic board and box-making machines, and the use of folder gluers and rotary die-cutters will increase in the future.
Advances in multicolor flexo printing will make it easier to perform in-house flexo printing, eliminate screen printing, and print contracts on offset presses. Colored corrugated boxes are becoming increasingly popular. Several well-organized businesses use coloured and die-cut corrugated boxes in their stores for display and advertising. These boxes are primarily used to gain the attention of customers since they are incredibly eye-catching.