Because of its sustainability, recyclability, and adaptability, corrugated board—the preferred packaging material—is used to create corrugated bin boxes. The exceptional performance of this material is influencing manufacturers, who now favour corrugated materials over more traditional ones.
Used newspapers, mixed papers, old corrugated containers, and Kraft papers are only a few of the recovered fibres used in the production of corrugated bin boxes, which diverts these materials from the public solid waste stream.
For instance, 92% of all cardboard and containerboard produced in the U.S. in 2015 was collected and recycled. The highest recycling rate of any packaging material now in use is seen in corrugated materials. Because of this, corrugated bin boxes have been employed again for storage and transportation items across the industries.
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Corrugated Bin Boxes Market: Dynamics
Factors such as recyclability of corrugated materials coupled with strong growth in the food & beverage as well as electronic goods industries is driving the growth in the corrugated bin boxes market globally.
The demand from the food & beverage packaging industry is expected to grow at a healthy rate, owing to the growing demand for branded and packaged products, and consumer awareness toward the safe packaging of the product. In addition, beverage manufacturers are using corrugated bin boxes due to safe shipment these boxes offer.
Increasing spending by consumers for packaged products and growing e-commerce industries is expected to fuel the demand for corrugated bin boxes market in future. Rising manufacturing activities together with increasing retail ready packaging driven by the influence of modern trades over the retail landscape and sustained by their increasing share in the retail market, is also one of the major factor which is driving the growth of the global corrugated bin boxes market.
However, factors such as greenhouse gas emission during production and growing raw material cost can hinder the growth in the corrugated bin boxes market.
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Corrugated Bin Boxes Market: Segmentation
On the basis of materials, the global corrugated bin boxes market is segmented into,
- Paper
- Paperboard
- Corrugated Paperboard
On the basis of product type, the global corrugated bin boxes market is segmented into,
- Corrugated bin Dividers
- Corrugated Totes
- Jumbo Corrugated Bin Boxes
- Kraft Open Top Bin Boxes
- Stackable Bin Boxes
- Storage Boxes
- White Corrugated Bin Boxes
- Warehouse Rack Corrugated Bins
On the basis of application, the global corrugated bin boxes market is segmented into,
- Food & Beverage
- Pharmaceuticals
- Manufacturing Units
- Warehouses
- Electronic Firms
- Automotive Spare parts dealerships
- Others
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