Yahoo Finanza Singapore Corrugated Packaging Industry Research Report 2024-2033: Market Set for Stable Growth Amidst Rising Eco-consciousness and E-commerce Trends
Singaporean Corrugated Packaging Industry
Dublin, May 23, 2024 (GLOBE NEWSWIRE) -- The "Singapore Corrugated Packaging Industry Research Report 2024-2033" report has been added to ResearchAndMarkets.com's offering.
In the heart of Southeast Asia, Singapore's corrugated packaging industry is witnessing a surge in demand, stemming from the robust growth of e-commerce and heightened environmental awareness. The Republic of Singapore, known for its advanced economic status and strategic position in international trade, has seen its market size for corrugated paper packaging reach approximately $230 million as of 2023. This niche market continues to play a pivotal role in supporting the city-state's expansive logistics and transportation requirements.
Economic and Environmental Factors
The thriving manufacturing sector has traditionally been a major driver for corrugated packaging demand in Singapore. Despite a recent downturn in global export value, signs of recovery are emanating from the nation's reinvigorated non-oil exports. Concurrently, Singapore's leadership in digital economy initiatives has facilitated the burgeoning e-commerce market, which is further propelling the corrugated packaging industry forward. Moreover, stringent governmental policies such as the 'Zero Waste Master Blueprint' and 'Singapore Green Plan 2030' amplify the focus on sustainability, benefiting the reuse and recycling of corrugated materials.
Market Projections and Opportunities
Looking ahead, the corrugated packaging market within Singapore is anticipated to grow steadily, with an estimated value of US$ 390 million by 2033. Analysts project this segment to experience a compound annual growth rate of 5.5% during the forecast period of 2024 to 2033. This growth trajectory aligns with the global shift towards sustainable packaging solutions and the ongoing expansion of online retail channels.
Strategic Insight
While geopolitical risks and the anticipation of economic fluctuations present uncertainties, the combination of a recovering manufacturing sector, rising e-commerce penetration, and the prioritization of environmental concerns offers optimistic market prospects. Stakeholders in the industry are expected to leverage these trends to solidify their positions and capture emerging opportunities. The sector's growth encompasses both an adaptable response to immediate economic signals and a long-term alignment with sustainable development goals.
Topics covered:
Overview of the corrugated packaging industry in Singapore
The economic environment and policy environment of corrugated packaging in Singapore
Singapore corrugated packaging market size from 2019 to 2023
Analysis of major corrugated packaging manufacturers in Singapore
The main driving forces and market opportunities of Singapore's corrugated packaging industry
What are the key drivers, challenges and opportunities for the corrugated packaging industry in Singapore during the forecast period 2024-2033?
What is the expected revenue of the Singapore corrugated packaging market during the forecast period 2024-2033?
What strategies are adopted by the key players in the market to increase their market share in the industry?
Which segment of the Singapore corrugated packaging market is expected to dominate the market in 2033?
Singapore corrugated packaging market forecast from 2024 to 2033
What are the major headwinds facing the corrugated packaging industry in Singapore?
Key Attributes:
Report Attribute | Details |
No. of Pages | 80 |
Forecast Period | 2024 - 2033 |
Estimated Market Value (USD) in 2024 | $241.76 Million |
Forecasted Market Value (USD) by 2033 | $391.44 Million |
Compound Annual Growth Rate | 5.5% |
Regions Covered | Singapore |
Key Topics Covered:
1. Overview of Singapore
1.1 Geographical conditions
1.2 Demographic structure of Singapore
1.3 Singapore's economy
1.4 Singapore's minimum wage standards from 2014 to 2024
1.5 Impact of COVID-19 on Singapore's corrugated packaging industry
2. Development environment of corrugated packaging industry in Singapore
2.1 Economic environment
2.1.1 Status of Singapore Packaging Industry
2.1.2 Analysis of corrugated packaging usage in the Singapore market
2.2 Core technology of corrugated packaging
2.3 Policy environment of Singapore's corrugated packaging industry
2.3.1 Main government policies for the corrugated packaging industry in Singapore
2.3.2 Foreign investment policies in Singapore's corrugated packaging industry
2.4 Analysis of operating costs of Singapore's corrugated packaging industry
2.4.1 Human resource costs
2.4.2 Electricity price
2.4.3 Factory rent
2.4.4 Raw materials
2.5 Investment status of foreign enterprises in Singapore's corrugated packaging industry
3. Supply and demand status of corrugated packaging industry in Singapore
3.1 Supply status of Singapore's corrugated packaging industry
3.1.1 Capacity Overview
3.1.2 Analysis of corrugated packaging production in Singapore
3.2 Demand status of corrugated packaging industry in Singapore
3.2.1 Analysis of corrugated packaging consumption volume and consumption amount in Singapore
3.2.2 Singapore corrugated packaging demand analysis, by industry
3.2.2.1 Manufacturing industry
3.2.2.2 Logistics industry
3.3 Price Trend of Corrugated Packaging Products in Singapore from 2021 to 2024
4. Import and export status of Singapore's corrugated packaging industry from 2019 to 2023
4.1 Import status of Singapore's corrugated packaging industry
4.1.1 Singapore's corrugated packaging import volume and import value
4.1.2 Main import sources of corrugated paper packaging in Singapore
4.2 Export status of Singapore's corrugated packaging industry
4.2.1 Singapore's corrugated packaging export volume and export value
4.2.2 Main export destinations of corrugated packaging in Singapore
5. Market competition analysis of Singapore's corrugated packaging industry
5.1 Barriers to entry in Singapore's corrugated packaging industry
5.1.1 Brand barriers
5.1.2 Quality barriers
5.1.3 Capital barriers
5.2 Competitive Structure of Singapore's Corrugated Packaging Industry
5.2.1 Bargaining power of corrugated packaging suppliers
5.2.2 Consumer bargaining power
5.2.3 Competition in Singapore's corrugated packaging industry
5.2.4 Potential entrants to the corrugated packaging industry
5.2.5 Alternatives to corrugated packaging
6 Analysis of major corrugated packaging brands in Singapore
6.1 Far East Packaging Group
6.1.1 Company Profile of Far East Packaging Group
6.1.2 Far East Packaging Group 's operating conditions
6.2 Interpak Industries Pte Ltd
6.2 .1 Company Profile of Interpak Industries Pte Ltd
6.2 .2 Operating status of Interpak Industries Pte Ltd
6.3 Trio Packaging Industrial Pte Ltd
6.3.1 Company Profile of Trio Packaging Industrial Pte Ltd
6.3.2 Operating status of Trio Packaging Industrial Pte Ltd
6.4 Cheng Heng Paper Products Co (Pte) Ltd
6.4.1 Company Profile of Cheng Heng Paper Products Co (Pte) Ltd
6.4.2 Operating status of Cheng Heng Paper Products Co (Pte) Ltd
6.5 Singapore Cartons Pte Ltd
6.5.1 Company Profile of Singapore Cartons Pte Ltd
6.5.2 Operating status of Singapore Cartons Pte Ltd
6.6 Tat Seng Packaging Group Ltd
6.6.1 Company introduction of Tat Seng Packaging Group Ltd
6.6.2 Operating status of Tat Seng Packaging Group Ltd
7 Outlook of Singapore's corrugated packaging industry from 2024 to 2033
7.1 Analysis of development factors of Singapore's corrugated packaging industry
7.1.1 Driving forces and development opportunities of Singapore's corrugated packaging industry
7.1.2 Threats and challenges faced by the corrugated packaging industry in Singapore
7.2 Supply Forecast of Singapore's Corrugated Packaging Industry
7.3 Singapore corrugated packaging market demand forecast
7.4 Singapore's Corrugated Packaging Import and Export Forecast
For more information about this report visit https://www.researchandmarkets.com/r/am6vct
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