Japan Corrugated Box Market Research Report : Ken Research

1. Japan Corrugated Box Market Research Report : Ken Research

2. Japan Corrugated Box Market Research Report : Ken Research • Japan Corrugated box market is at its growth stage. The corrugated box market is highly correlated with Japanese economy and with the recovery in the economy the demand for corrugated packaging for beverages and packaged food will increase therefore increasing box demand. The sale of corrugated box has declined from JPY ~ million in 2012 to JPY ~ million in 2014. The major reason for the decline in production value is the increase in consumption tax by the Japan government in 2014 from ~% to ~%. This move contracted the Japan’s economy by ~% and lowered the demand for packaging. • Many corrugators increased production capacity by adding automatic machineries from China. The domestic production of corrugated boxes increased from ~ thousand tons in 2012 to ~ thousand tons in 2014. • The weight of corrugated boxes gradually decreased from ~ grams/square meter in 2012 to ~ grams/square meter in 2014. Most of the business operators promoted weight reduction of corrugated box. • In 2015 OJI Holdings, focused on developing new products in order to meet consumer demand. They developed different types of colored corrugated boxes for fruits and vegetables industry. They also established “Package Development Center” which looks after research and development of new product, planning & branding of the company. • In 2017, the sale of corrugated box was JPY ~ million and production registered at ~ thousand tons. The production increased due to the growing processed food industry in Japan. A large number of multinational food companies are now actively engaged in global food trade. • Many craft paper manufacturers also increased the price of craft paper by ~% due to the rise in price of raw material such as pulp and chips. Also, the price of fuel and chemicals increased thereby rising overall manufacturing cost. • In 2017, Rengo acquired 60% stake in Kato Danboru Co. Ltd. based which is corrugated box manufacturer in Tokyo. This acquisition will help in increasing the competitiveness of both the companies and increased production of corrugated boxes.

3. Which end user is generating more demand for corrugated boxes in japan? • In 2017, processed food segment has dominated the Japan market. Processed food has contributed a share of ~% in terms of sales volume amounting to ~ thousand tons in 2017. Processed food is leading as it the growing industry in Japan and the fast paced lifestyle of consumers has led to an increase in consumption of processed food as a replacement of homemade meals. • Fruits & Vegetables, Electrical Appliances & Machinery, Pharmaceuticals, Detergents & Cosmetics, Ceramics, Glassware & Sundries, Mail Order, Parcel Delivery & Moving, Other Foods, Textile Products contributed a share of ~%, ~%, ~%, ~%, ~%, ~%, ~% and ~% respectively in terms of sales volume. In 2017, other end user such as disposable diapers, hygiene products for the elderly, pet related products has a sales volume contribution of ~% in Japan corrugated box market accounting to ~ thousand tons.

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