Singapore Corrugated Packaging Industry Research Report

Dublin, May 23, 2024 (GLOBE NEWSWIRE) — Singapore Corrugated Industry Research Report 2024-2033 added to ResearchAndMarkets.com offering.

In the heart of Southeast Asia, Singapore’s corrugated packaging industry is seeing a surge in demand driven by booming e-commerce and increased environmental awareness. The Republic of Singapore, known for its advanced economic status and strategic position in international trade, has seen the corrugated packaging market size reach approximately USD 230 million in 2023. This niche market continues to play a key role in supporting the development of the city-state’s expansive logistics and transportation requirements.

Economic and environmental factors

A thriving manufacturing sector has traditionally been a key driver of demand for corrugated packaging in Singapore. Despite the recent decline in the value of global exports, the recovery in non-oil exports is showing signs of recovery. At the same time, Singapore’s leadership in digital economy initiatives has facilitated the growth of the e-commerce market, which is further fueling the growth of the corrugated packaging industry. Moreover, stringent government policies such as the Zero Waste Master Plan and the Singapore Green Plan 2030 place greater emphasis on sustainability, which brings benefits to the reuse and recycling of corrugated board materials.

Forecasts and market opportunities

Looking ahead, the corrugated packaging market in Singapore is expected to grow steadily, with an estimated value of USD 390 million by 2033. Analysts predict that this segment will record a compound annual growth rate of 5.5% from 2024 to 2033. This growth trajectory is in line with the global shift towards sustainable packaging solutions and the continued expansion of online retail channels.

Strategic insight

While there are uncertainties associated with geopolitical risks and predictions of economic fluctuations, the combination of a recovering manufacturing sector, increasing e-commerce penetration and prioritization of environmental issues creates an optimistic market outlook. Industry stakeholders are expected to leverage these trends to strengthen their position and capitalize on emerging opportunities. Sector development includes both an adaptable response to immediate economic signals and long-term alignment with sustainable development goals.

Topics discussed:

Overview of the corrugated packaging industry in Singapore
The economic environment and policy environment for corrugated packaging in Singapore
Singapore corrugated packaging market size 2019-2023
Analysis of the main corrugated packaging manufacturers in Singapore
Key drivers and market opportunities for the Singapore corrugated packaging industry
What are the key drivers, challenges and opportunities for the corrugated packaging industry in Singapore over the forecast period 2024-2033?
What is the expected revenue of the Singapore Corrugated Box Packaging Market during the forecast period 2024-2033?
What strategies are major market players adopting 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 2024-2033
What are the main issues facing the corrugated packaging industry in Singapore?

Key Features:

Report attribute	Details
number of pages	80
Forecast period	2024 – 2033
Estimated market value (USD) in 2024	$241.76 million
Projected market value (USD) until 2033	$391.44 million
Compound annual growth rate	5.5%
Regions covered	Singapore

Key topics covered:

1. Singapore Review
1.1 Geographic conditions
1.2 Singapore’s demographic structure
1.3 Economy of Singapore
1.4 Minimum wage standards in Singapore from 2014 to 2024
1.5 Impact of COVID-19 on the corrugated packaging industry in Singapore

2. Development environment of the corrugated packaging industry in Singapore
2.1 Economic environment
2.1.1 Status of the Singapore packaging industry
2.1.2 Analysis of the use of corrugated cardboard packaging in the Singapore market
2.2 Basic technology of corrugated cardboard packaging
2.3 Political environment of the Singapore corrugated packaging industry
2.3.1 Major Government Policies for the Corrugated Packaging Industry in Singapore
2.3.2 Foreign Investment Policy in the Singapore Corrugated Packaging Industry
2.4 Operating cost analysis of the corrugated packaging industry in Singapore
2.4.1 Human resources costs
2.4.2 Price of electricity
2.4.3 Factory rental
2.4.4 Raw materials
2.5 Investment status of foreign enterprises in the corrugated packaging industry in Singapore

3. Status of supply and demand in the corrugated packaging industry in Singapore
3.1 Supply status of the Singapore corrugated packaging industry
3.1.1 Performance Overview
3.1.2 Analysis of corrugated cardboard packaging production in Singapore
3.2 Demand status of the corrugated packaging industry in Singapore
3.2.1 Analysis of the volume and consumption volume of corrugated cardboard packaging 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 in Singapore from 2021 to 2024

4. Import and export status of the corrugated packaging industry in Singapore from 2019 to 2023
4.1 Import status of the Singapore corrugated packaging industry
4.1.1 Volume and value of imports of corrugated cardboard packaging into Singapore
4.1.2 Main sources of corrugated packaging imports in Singapore
4.2 Export status of Singapore’s corrugated packaging industry
4.2.1 Volume and value of Singapore’s corrugated packaging exports
4.2.2 Main export directions of corrugated cardboard packaging in Singapore

5. Market competition analysis in the corrugated cardboard packaging industry in Singapore
5.1 Barriers to entry in the corrugated packaging industry in Singapore
5.1.1 Brand barriers
5.1.2 Quality barriers
5.1.3 Capital barriers
5.2 Competitive structure of the corrugated packaging industry in Singapore
5.2.1 Bargaining power of corrugated cardboard packaging suppliers
5.2.2 Consumers’ bargaining power
5.2.3 Competition in the corrugated packaging industry in Singapore
5.2.4 Potential participants of the corrugated cardboard packaging market
5.2.5 Alternatives to corrugated cardboard packaging

6 Analysis of the main corrugated packaging brands in Singapore
6.1 Far East Packaging Group
6.1.1 Far East Packaging Group company profile
6.1.2 Far East Packaging Group’s operating conditions
6.2 Interpak Industries Pte Ltd
6.2.1 Company Profile Interpak Industries Pte Ltd
6.2.2 Operational Status of Interpak Industries Pte Ltd
6.3 Trio Packaging Industrial Pte Ltd
6.3.1 Company Profile Trio Packaging Industrial Pte Ltd
6.3.2 Operational Status of Trio Packaging Industrial Pte Ltd
6.4 Cheng Heng Paper Products Co (Pte) Ltd
6.4.1 Company Profile Cheng Heng Paper Products Co (Pte) Ltd
6.4.2 Operational Status of Cheng Heng Paper Products Co (Pte) Ltd
6.5 Singapore Cartons Pte Ltd
6.5.1 Singapore Cartons Pte Ltd Company Profile
6.5.2 Operational Status of Singapore Cartons Pte Ltd
6.6 Tat Seng Packaging Group Ltd
6.6.1 Introduction of Tat Seng Packaging Group Ltd
6.6.2 Operational status of Tat Seng Packaging Group Ltd

7 Singapore Corrugated Packaging Industry Outlook 2024-2033
7.1 Analysis of the development factors of the corrugated packaging industry in Singapore
7.1.1 Drivers and growth opportunities for the Singapore corrugated packaging industry
7.1.2 Threats and challenges facing the corrugated packaging industry in Singapore
7.2 Supply Forecast for the Singapore Corrugated Packaging Industry
7.3 Singapore Corrugated Packaging Market Demand Forecast
7.4 Singapore corrugated packaging import and export forecast

More information about this report can be found at https://www.researchandmarkets.com/r/am6vct

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source of international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, leading companies, new products and the latest trends.

Singapore’s corrugated packaging industry