DataM IntelligenceGlobal Heavy-Duty Corrugated Boxes Market is expected to grow at a CAGR of 4.8% during the forecasting period (2022-2029).Heavy-duty corrugated boxes Market Overview
Heavy-duty corrugated boxes are a type of packaging produced by corrugated cardboard and consist of three different grades depending on the type of strength required. The type includes single walls, double walls, and triple walls of corrugated cardboard. These are extensively used for the packaging of heavy consumer electronics such as refrigerators, washing machines, etc. As heavy-duty corrugated boxes are made from durable materials which provide superior protection for bulky goods and facilitate safe long-distance transport.
Heavy-duty corrugated boxes are substantially used in end-user industries such as industrial machinery transportation & packaging, consumer electronics, agriculture, food and beverage processing, crockery and glassware, consumer good, and appliances.
The report covers all the major trends and drivers playing a key role in the growth of the heavy-duty corrugated boxes market. The heavy-duty corrugated boxes market is segmented by Product, Application, and Region.
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Heavy-duty corrugated boxes Market Dynamics
The global heavy-duty corrugated boxes are driven by rising online shopping through E-commerce sites for consumer electronics, and industrial machinery with an increasing number of small, medium, and large-scale industries around the globe. The further market is driven by rising demand for the packaging of medical devices, food processing machinery, and other manufacturing industries.
Rising demand for online shopping through E-commerce sites of consumer electronics by the logistic companies drives the heavy-duty corrugated boxes market
The market is driven by the surge in online shopping through e-commerce websites with growing consumers of electronics and home appliances around the globe. According to UNCTAD, the global e-commerce sale increased by 13% in 2017 reaching around US$ 29 trillion this is primarily due to a surge in the number of online shoppers.
Further rising demand for consumer electronics in developing countries due to growing population demand has propelled the heavy-duty corrugated boxes market. For instance, as per the India Brand Equity Foundation Organization in 2019, consumer electronics and appliances sale reached around US$ 10.93 billion and is projected to reach around US$ 21 billion by 2025 in India.
Rising industrial machinery demand in food processing units as well as rising demand for corrugated packaging of the medical devices
An increase in the food processing units and a surge in the prevalence of chronic ailments have boosted the demand for machinery and medical devices. It created a massive demand for the packaging of the above-mentioned medical devices furniture, equipment, and machinery which ultimately boost the heavy-duty corrugated boxes market.
Rising international trade of goods around the globe has created a huge demand for this market
Rising international trades with the surge in the number of export and import activities around the globe have propelled the demand for the heavy-duty corrugated market. For instance, as per the World Trade Organization report, the world’s merchandise export reached around US$ 19.48 trillion in 2018 increasing from US$ 17.33 trillion in 2017. It created a massive demand for heavy-duty corrugated boxes for the packaging of commercial goods.
Growing demand for recyclable, compostable, and sustainable packaging solutions and the growing expansion of businesses with environment-friendly packaging may create a huge opportunity for this market
COVID-19 Impact Analysis
The global heavy-duty corrugated boxes market has shown slight declination due to the COVID-19 pandemic, as several leading manufacturing industries were closed. Several countries have restricted the import and export activities during the covid-19 pandemic. As international trade began in June 2020, demand for heavy-duty corrugated boxes began.
Further, several leading manufacturers started production which created a huge demand for heavy-duty boxes for packaging of goods all over the world. The demand remained constant in Aug 2020 and will increase as soon as the pandemic will over. Further, several leading players have launched e-commerce websites to facilitate the services to the consumers of the necessary things such as foods, pharmaceutical medicines, etc. For instance, on 3rd Sept 2020, Macpac launched a new e-commerce site that provides bakery packaging and general food trays to the horticulture range to consumers.
Heavy-duty corrugated boxes Market Segment Analysis
By Product
Single Wall Boxes/3 Ply
Double Wall Boxes/5 Ply
Triple Wall Boxes/7 Ply
Pallet Boxes
Others
By Type
Recycled Fluting
Testliner
Liner
Single Cover Boxes
Double Cover Boxes
Others
By Capacity
Up to 50 Kg
50-100 Kg
Above 100 Kg
By End-User
Logistics
Pharmaceutical
Cosmetics & Personal Care
Food & Beverages
Consumer Electronics
Automotive
Chemicals Industry
Others
Heavy-duty corrugated boxes Market Geographical Analysis
Asia-Pacific region holds the largest market share global Heavy-Duty Corrugated Boxes market
Asia-Pacific region is dominating the global heavy-duty corrugated boxes market accounting for the largest market share in 2019, due to the presence of the manufacturing companies, growing industrialization, and rising population demand the heavy-duty corrugated boxes by the logistic sector in this region followed by North America and Europe.
As per the India Brand Equity Foundation Organization, India’s logistics cost is valued at around US$ 260 billion representing 13% of the total of India’s GDP whereas the United States is around 9% of its GDP. It created a massive demand for heavy-duty corrugated boxes due to development in the logistic sector to result in ease of production. Similarly, North America is also growing at the fastest speed owing to the presence of the leading corrugated box manufacturing companies.
The corrugated Organization in the United States in 2019, there are over 1,154 corrugated manufacturing facilities that employed approximately 100,000 in nearly 1,000 cities and towns. Further increasing import and export activities of pharmaceutical goods, consumer electronics, etc. As per the World Trade Organization in 2018, North America North America’s exports and imports activities were valued at around US$ 2.56 trillion and US$ 3.56 trillion respectively.
Heavy-duty corrugated boxes Market Competitive Landscape
The heavy-duty corrugated boxes market is moderately competitive with the presence of local as well as global companies. some of the key players which are contributing to the growth of the market include Berry Plastics Group, Inc, Amcor Limited, Constantia Flexibles Group GmbH, Bemis Company, Inc, Sonoco Company, Avery Dennison Corporation, 3M Company, E.I. du Pont de Nemours and Company, CCL Industries Inc., WestRock Company and among others.
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The Full Report has the below insights.
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Visualize the composition of Heavy-duty corrugated boxes Market segmentation By Technology, service, By Application, and country, highlighting the key commercial assets and players.
By Product
By Type
By Capacity
By End-User
Identify commercial opportunities in the Market by analyzing trends and co-development deals.
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Heavy-Duty Corrugated Packaging Market, Corrugated Box Making Machine Market, Heavy-Duty Truck Market
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