Global paperboard box and container manufacturing market forecast to grow at CAGR of 4.8% over 2011-2015 period, driven by increasing demand in food and beverage industry, though high production cost could pose a challenge, report finds
November 15, 2012
– Research and Markets (http://www.researchandmarkets.com/research/9jhlm6/global_cardboard) has announced the addition of the "Global Cardboard Box and Container Manufacturing Market 2011-2015" report to their offering.
TechNavio's analysts forecast the Global Cardboard Box and Container Manufacturing market to grow at a CAGR of 4.8 percent over the period 2011-2015. One of the key factors contributing to this market growth is the increasing demand in the Food and Beverage industry. The Global Cardboard Box and Container Manufacturing market has also been witnessing technological advancements in manufacturing processes. However, the high cost of production could pose a challenge to the growth of this market.
Commenting on the report, an analyst from TechNavio's Others team said: ''The Global Cardboard Box and Container Manufacturing market is witnessing the trend of technological advancement in the manufacturing process. Vendors are using highly advanced machinery such as inline automatic board and box machinery which makes the whole manufacturing process very smooth, easy, and fast. Complete automation is also improving profitability by reducing the amount of human resources required and increasing production. Thus technological advancement is leading to the growth of the Global Cardboard Box and Container Manufacturing market.''
According to the report, the increasing demand for cardboard boxes and containers in the Food and Beverage industry is one of the major growth drivers of the market. The Food and Beverage industry use a wide range of packaging products ranging from folding cartons to sanitary drink cartons. Folding cartons are used to pack food directly and ensure that the food products are safe from external harmful contaminants. Similarly, the sanitary drink cartons which are used to pack liquid food products such as milk and juices also ensure the safety of the product for consumers. Thus the need for safety in food products is leading to the high demand for cardboard boxes and containers.
For more information visit http://www.researchandmarkets.com/research/9jhlm6/global_cardboard
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