Corrugated Packagin

South East Asia Corrugated Packaging Market - Industry Insights,
Trends, Outlook, and Opportunity Analysis, 2018-2026
Corrugated packaging is made from a combination of sheets of paper called liner and flutes.
Corrugated boxes protects the products due to its cushioning qualities, rigidity, bursting
strength, puncture resistance, and edge crush resistance, which enables them to bear
impact through movement and transportation. They are light in weight, which makes them
easy to handle and increases the weight of transported goods reducing the transportation
expense. The production cost of corrugated boxes is very low, as the raw materials required
for production are available in large quantity and are inexpensive. They can work well with
printing techniques such as digital, screen, and litho printing, so that companies can print
their product information, logos, brand promotion, and contact address. They are available in
various sizes, colors, and design, which makes them suitable for a variety of products. They
are ecofriendly and can be reused and recycled.
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The growing use of this economical, ecofriendly, and light weight packaging by various end
users such as electronics, automotive, pharmaceuticals, healthcare, and food and
beverages is the major growth driver for corrugated packaging market. Advancement in
e-commerce sector is augmenting corrugated packaging market. The durability of corrugated
packaging and its inability to withstand harsh outdoor and indoor conditions are the major
challenges faced by corrugated packaging market. Developments in corrugated packaging
include improved water resistance, corrosion resistance, decreasing the corrugated board
weight, cooler corrugating, zero defect technology, and exploring new fields such as
microencapsulation and nanotechnology.
There is a lucrative demand for corrugated packaging material in food and beverages
industries, as they are mainly used in packaging of processed food. The use of corrugated
boxes in fresh food packaging is fueling the growth of corrugated packaging market.
South East Asia Corrugated Packaging - Market Outlook
The corrugated packaging market started in South East Asia after Second World War, owing
to high demand of corrugated packaging for trade.
Indonesia has lucrative market for corrugated packaging. The rapid growth in industrial and
agricultural sector followed by fast expansion of shopping malls and supermarkets is fueling
the growth of Indonesian corrugated packaging market.
Vietnam has a rapidly increasing consumer goods market where consumers prefer
purchasing food and beverages through box which will drive the corrugated packaging
market.
The corrugated packaging industry in Thailand has been stimulated due to growing
consumer expectations, increase in purchasing power of consumers, and changing lifestyle
and preferences.
Singapore has a requirement of high quality corrugated boxes for good quality printing that
catches consumer attention. In January 2017, the National Environment Agency of
Singapore announced to introduce increased sustainability packaging regulation, which will
affect corrugated packaging market in this region.
In Malaysia and Philippines, the changing industrial structure and economic growth
respectively will augment the market for corrugated packaging.
Rest of South East Asia will have a significant demand for corrugated packaging, owing to
increasing demand by various end-use industries.
The companies are adopting various organic and inorganic growth strategies to retain their
market position. For instance, Thai Containers Group Co., Ltd, which is a joint venture
between SCG Packaging Public Company Limited has acquired 80% stake in PT Indocorr
Packaging Cikarang in April 2017. Key market players operating corrugated packing in the
South East Asia corrugated packaging include Perhimpunan Industry Corrugated Cardboard
Indonesia, PT. IPI (International Packaging Industries Ltd.), The Box Company, Acter Carton
Sdn Bhd, FinePac Industries Sdn Bhd, Stanpack Industries Pte Ltd., Tat Seng Packaging
Group Ltd, Cheng Heng Paper Product Co. Pte Ltd., and Binh Minh Packaging.
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