2012-11-09 18:09:11 -
Cardboard box manufacturing market dominated by International Paper, Koch Industries and RockTenn
The global cardboard box manufacturing market has been forecast to bring in revenue of $452.9 billion in 2012, with the industry set to increase at a compound annual growth rate (CAGR) of 4.8% through to 2015.While cardboard packaging is one of the most widely used forms of packaging, the industry was unable to avoid the recession´s adverse effects. Demand from food and beverage manufacturing industries will stabilise; however, increased offshoring will cut into overall domestic demand.The cardboard box 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.The cardboard box manufacturing industry has a moderate degree of capital intensity. In 2012, for every $1.00 spent on wages, industry manufacturers spent an estimated $0.17 in capital improvements. Capital intensity has risen over the past five years. In 2007, for every $1.00 spent on wages, industry operators invested an estimated $0.16 in capital improvements. Although capital investment decreased during the recession, labour expenses declined at a faster rate, resulting in a corresponding increase in capital intensity.There are an estimated 15,843 companies operating in the cardboard box manufacturing market. This represents an average annual growth of 0.2% over the past five years. The majority of the industry´s companies operate locally providing cardboard and other packaging to companies within a 150- to 200-mile radius of their facilities. As a result, the industry is fragmented, with the world´s top companies accounting for just 8.0% of the global industry´s revenue.Key companies dominating the cardboard box manufacturing market include International Paper Co., Koch Industries Inc., and RockTenn Co.For more information on the cardboard box manufacturing market, see the latest research: Cardboard Box Manufacturing MarketFollow us on Twitter @CandMResearch
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