The heavy duty corrugated packaging market is predicted to register a valuation of US$ 20.9 billion in 2023 and is projected to rise to US$ 34.04 billion by 2033. The market is capturing a CAGR of 5% during the forecast period.
The market is influenced by several factors, including:
- Growing demand for e-commerce: With the rise of e-commerce, there is a growing demand for heavy-duty corrugated packaging to protect goods during shipping and handling.
- Increasing need for sustainable packaging: Consumers and companies are increasingly concerned about the Growth in industrial and manufacturing sectors: Heavy-duty corrugated packaging is widely used in industrial and manufacturing sectors to protect heavy and bulky products during shipping and handling.
- Technological advancements in packaging machinery: The development of advanced packaging machinery and equipment has made producing heavy-duty corrugated packaging in large quantities easier and more efficient.
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- Emerging markets and international trade: As global trade continues to grow, there is an increasing need for heavy-duty corrugated packaging to protect goods during transportation.
Overall, the heavy-duty corrugated packaging market is expected to grow as demand for sustainable packaging solutions and the need for product protection during shipping and handling continue to increase.
Key Takeaways:
- The heavy duty corrugated packaging market is expected to have a valuation of US$ 04 billion by 2033.
- With a CAGR of 5%, the global market is increasing during the forecast period.
- With a CAGR of 6%, the United Kingdom heavy duty corrugated packaging market significantly uplifts during the forecast period.
- China market is capturing a valuation of US$ 10 billion by 2033.
Who is Winning?
Key players play a vital role in the heavy-duty corrugated packaging market by driving innovation, improving production efficiency, and providing value-added services to customers. These players are investing in research and development to develop new products that meet customers’ changing needs. It includes products that are more sustainable, lightweight, and customizable.
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Other Essential Players in the Heavy Duty Corrugated Packaging Market are:
- VPK Packaging Group
- Mondi Group
- International Paper Company
- WestRock Company
- Pratt Industries Inc.
- Smurfit Kappa Group Plc.
- DS Smith Packaging Limited
- Sonoco Products Company
- Elsons International
- SCG Packaging Public Company Limited
- Felbro
- Menasha Packaging Company LLC.
Recent Developments in the Global Heavy Duty Corrugated Packaging Market are:
- International Paper: In 2020, International Paper launched a new line of corrugated packaging called StrongHold. This product is designed to withstand extreme weather conditions, making it suitable for agriculture, construction, and industrial chemicals.
- Smurfit Kappa: Smurfit Kappa has developed a new range of heavy-duty corrugated packaging solutions 100% recyclable and made from sustainable materials. It includes products such as the BanaBag, a fully recyclable bag for packaging bananas.
- WestRock: WestRock has developed a new line of heavy-duty corrugated packaging designed for e-commerce. It includes products such as the Stayflats Plus mailer, a rigid mailer designed to protect fragile items during shipping.
- DS Smith: DS Smith has introduced a new line of heavy-duty corrugated packaging called DISCS. This product protects cylindrical objects during shipping, such as bottles and cans.
- Georgia-Pacific: Georgia-Pacific has developed a new line of heavy-duty corrugated packaging called CorrugateOptic. This product uses high-resolution digital printing technology to create vibrant and eye-catching graphics on corrugated packaging.
Heavy Duty Corrugated Packaging Market Segmentation by Category
Heavy Duty Corrugated Packaging Market by Product Type:
- Corrugated Boxes
- Pallet Boxes
- Single Cover Boxes
- Double Cover Boxes
- Telescopic Boxes
- Liquid Bulk Boxes
- Slotted Boxes
- Others
- Octabins
- High-Performance Totes
- Vegetable Totes
- Pallets
- POP Displays
- Others (Edge Protectors, etc.)
Heavy Duty Corrugated Packaging Market by Board Type:
- Single Wall Heavy Duty Corrugated Packaging
- Double Wall Heavy Duty Corrugated Packaging
- Triple Wall Heavy Duty Corrugated Packaging
Heavy Duty Corrugated Packaging Market by Capacity:
- Up to 100 lbs. Heavy Duty Corrugated Packaging
- 100 to 300 lbs. Heavy Duty Corrugated Packaging
- Above 300 lbs. Heavy Duty Corrugated Packaging
Heavy Duty Corrugated Packaging Market by End Use:
- Food & Beverages
- Chemicals
- Consumer Electronics
- Cosmetics & Personal Care
- Healthcare
- Textiles
- Glassware & Ceramics
- Automobiles
- Homecare
- Others
Heavy Duty Corrugated Packaging Market By Region:
- North America
- Latin America
- Europe
- The Middle East and Africa
- East Asia
About Future Market Insights Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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