Global Heavy-Duty Corrugated Boxes Market

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Global Heavy-Duty Corrugated Boxes Market

Global Heavy-Duty Corrugated Boxes Market was valued $xx Mn in 2019 and is expected to reach $xx Mn by 2026, at a CAGR of XX%.

Corrugated boxes are used frequently as shipping containers. Heavy-duty corrugated boxes are designed to satisfy the varying needs of the logistics industry to ship products over long distances. The ability to fold, easily dispose off, and absorb shocks during transportation is expected to be the key factors driving the growth of the heavy-duty corrugated boxes market. One of the important functions of a corrugated box is to provide crush resistance (product protection) and adequate strength for stacking in warehouses.
Heavy-duty corrugated boxes are substantially used in end-user industries such as industrial machinery transportation & packaging, consumers

electronics, agriculture, food and beverage processing, crockery and glassware, consumer good and appliances.
The study includes a detailed market assessment. It does so by in-depth qualitative perspectives, historical evidence, and market size verifiable predictions. Using validated research methodologies and assumptions, the predictions featured in the study have been derived. The research report thus serves as an analysis and information for all aspects of the market, including, regional markets, technologies, By Application
Global Heavy-Duty Corrugated Boxes Market Dynamics

The demand for corrugated boxes is rapidly increasing, as these boxes save valuable storage space when the sides of the boxes are folded as per the need without using special carton sizing tool. The food and beverages industry accounts for maximum sales of corrugated boxes.
Rising demand of the online shopping through E-commerce sites of the consumers electronics by the logistic companies drives the heavy duty corrugated boxes market

The market is driven by the online shopping through e-commerce websites with growing consumers of the electronics home appliances around the globe. According to the UNCTAD, the global e-commerce sale increased by 13% in 2017 reached to around US$ 29 trillion this is primarily due to increasing number of online shoppers.

Further rising demand for the consumers electronics in the developing countries due to growing population demand have propelled the heavy-duty corrugated boxes market. For instance as per the India Brand Equity Foundation Organization in 2019, the consumer electronics and appliances sale reached to around US$ 10.93 billion and is projected to reach around US$ 21 billion by 2026 in India.
Recycled Material to Dominate the Global Heavy-Duty Corrugated Boxes Market

With the rapid increase in the global demand for sustainable packaging solutions, heavy-duty corrugated boxes made up of recycled material has emerged as the perfect solution for the packaging of most products in consumer goods, automotive, chemicals, and other industries. Increased intolerance for plastic is expected to drive the demand for renewable and sustainable heavy-duty corrugated boxes in the market. The use of recycled materials in manufacturing is anticipated to decrease energy consumption in production and the final cost of heavy-duty corrugated boxes. Recycled materials are estimated to accounts for around 75% of the total heavy-duty corrugated boxes market.
Growing demand for recyclable, compostable and sustainable packaging solutions and growing expansion of the businesses with environment-friendly packaging may create huge opportunity for this market.
Global Heavy-Duty Corrugated Boxes Market Segment Analysis

Global Heavy-Duty Corrugated Boxes Market

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In terms of board type, double wall 5 ply boxes have the highest market share in 2019, due to its high strength and rigidity to sustain heavy loads of the goods.
Further rising demand by the manufacturing facilities and retail outlets due to increasing population with surge in the consumers spending of the people of the developing region. As per the India Brand Equity Foundation Organization in 2018, in India retail industry reached US$ 950 billion in 2018 at CAGR of 13 per cent and is projected to grow US$ 1,100 billion by 2020.

Similarly, single wall boxes/3 ply, triple wall boxes/7 ply, segments are also growing at faster pace due to rising demand by the logistic companies to transport goods. For instance in the United States, Logistics Business reached to around US$ 1.6 trillion in 2018. It created massive demand for the heavy-duty corrugated boxes in this region.

Based on the end use, logistics segment has the highest market share in 2019. This is primarily due to rising demand by the logistics companies to transport the goods safely at required locations.
For instance, as per the Scientific Research Publishing Organization report in 2019, the global logistics sector was valued to around US$ 4 trillion which propelled the demand for the heavy-duty corrugated boxes market over the study period. Similarly, pharmaceutical, cosmetics & personal care, food & beverages, consumer electronics, automotive, chemicals industry segments are also growing at fastest speed for the due to rising production of automotives in the developing region.
Global Heavy-Duty Corrugated Boxes Market, by Region

Global Heavy-Duty Corrugated Boxes Market, by RegionAsia-Pacific region is dominating the global heavy-duty corrugated boxes market accounted for the largest market share in 2019, due to presence of the manufacturing companies, growing industrialization, and rising population demand of the heavy-duty corrugated boxes. Also, the demand for the logistic sector in North America and Europe is high.
As per the India Brand Equity Foundation Organization, India’s logistics cost valued to around US$ 260 billion representing 13% of total India’s GDP whereas United States is around 9% of its GDP. It created massive demand for the heavy-duty corrugated boxes due to development in the logistic sector to result in ease of production. Similarly, North America is also growing at fastest speed due to presence of the leading corrugated box manufacturing companies.
Global Heavy-Duty Corrugated Boxes Market Scope: Inquire before buying

Global Heavy-Duty Corrugated Boxes MarketGlobal Heavy-Duty Corrugated Boxes Market Key Players

• Ameripak, Inc.
• DS Smith Packaging Limited
• Stora Enso Oyj
• Rengo Co., Ltd.
• Industrial Packaging Corporation
• Nefab Packaging Inc.
• Georgia Pacific LLC
• WestRock Company
• Elms Cross Packaging Co. Ltd.
• Specialty Packaging Group Pty Ltd.
• Mondi Group

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