The global high impact corrugated boxes market is anticipated to reach a valuation of US$ 71.0 billion in 2023, driven by product customization. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 3.0% between 2023 and 2033, and reaching a total valuation of approximately US$ 95.5 billion by 2033.
The European region, notably the United Kingdom and France, stands out with the highest number of online stores, which is expected to drive increased sales of high-impact corrugated boxes in these countries. With a projected Compound Annual Growth Rate (CAGR) of 2.9% over the analysis period, Europe is poised for growth in this market segment.
In North America, a similar trend is unfolding. The region is experiencing a surge in demand for high-impact corrugated boxes, thanks to the thriving eCommerce sector and the expanding retail and food industry. Furthermore, sustainable packaging practices and the growth of the pharmaceutical industry in the United States and Canada are expected to contribute to the regional market’s accelerated growth during the analysis period.
These combined factors in both Europe and North America indicate a promising outlook for the high-impact corrugated boxes market, driven by the increasing need for reliable packaging solutions across various industries.
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One of the major factors contributing to the growth of the high impact corrugated boxes market is the protective packaging. The boxes are well-suited for protecting delicate and valuable items during transit. Industries dealing with fragile or sensitive products, such as electronics, glassware, and pharmaceuticals, rely on these boxes to ensure safe delivery to end-users. The ability to safeguard products from potential damages during transportation is a crucial factor driving the adoption of high impact corrugated boxes.
Stringent regulations on packaging materials and waste management have led companies to seek compliant and sustainable packaging solutions. High impact corrugated boxes made from renewable and recyclable materials align with various environmental regulations, making them a preferred choice for businesses aiming to meet sustainability targets. High impact corrugated boxes offer an economical packaging solution compared to other alternatives, such as wooden crates or plastic containers. The cost-effectiveness of these boxes, combined with their protective properties and branding opportunities, makes them a cost-efficient choice for businesses of all sizes.
Key Takeaways from the Market Study
- Global high impact corrugated boxes market was valued at US$ 69.0 billion by 2022-en
- From 2018 to 2022, the market demand expanded at a CAGR of 2.0%.
- North America is expected to hold a dominant CAGR of 2.9% during the forecast period
- By product type, die cut box segment is expected to constitute a CAGR of 2.9% in 2033
- On the basis of end-use, food & beverage segment is expected to dominate the market with a CAGR of 2.9% in 2033.
- From 2023 to 2033, high impact corrugated boxes market is expected to flourish at a CAGR of 3.0%.
- By 2033, the market value of high impact corrugated boxes is expected to reach US$ 95.5 billion
“Growing consumer awareness regarding environmental issues, across the globe, is a major factor that is expected to propel the growth of the high impact corrugated boxes market in the near future,” remarks an FMI analyst..
Recent Developments:
- In 2023, Huhtamaki announced the launch of its new line of high impact corrugated boxes that are made from 100% recycled materials.
- In 2022, Dart Container Corporation announced the launch of its new line of high impact corrugated boxes that are designed to be more sustainable.
- In 2021, Graphic Packaging International announced a new partnership with TerraCycle to collect and recycle used high impact corrugated boxes.
Key Player:
- International Paper
- D.S. Smith Packaging Limited
- Oji Holdings Corporation
- Georgia-Pacific LLC
- WestRock Company
- Elson International LLC
- Aero Box LLC
- Stamar Packaging Company Pvt. Ltd.
- Albert Paper Products Co.
- Associated Sales & Bag Company
- G.K.P. Printing & Packaging Ltd.
- Kap Group LLC
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Primarily Driving the Market for High Impact Corrugated Boxes
- Rise in Online Retail: The growing number of online stores, particularly in countries like the United Kingdom and France in Europe, is a major driver. These boxes are essential for secure packaging and delivery, driving their demand.
- eCommerce Growth: In North America, the expansion of the eCommerce sector is fueling the demand for high-impact corrugated boxes. As more consumers shop online, the need for robust packaging solutions has increased.
- Expanding Retail and Food Industry: North America is experiencing growth in the retail and food industry, further boosting the demand for corrugated boxes. These boxes are used for packaging and shipping a wide range of goods.
- Sustainable Packaging Practices: Sustainability is a significant driver in North America, with an increasing focus on eco-friendly packaging solutions. High-impact corrugated boxes align with these sustainability goals.
- Pharmaceutical Industry Growth: The growth of the pharmaceutical industry in the United States and Canada is contributing to the market’s expansion. Corrugated boxes are used for the safe and secure packaging of pharmaceutical products.
Key Segments Profiled in the Global High Impact Corrugated Boxes Market
Product Type:
- Slotted Box
- Folder Box
- Telescope Box
- Die Cut Box
Board Type:
- Single Face Board
- Single Wall Board
- Double Wall Board
- Triple Wall Board
End Use:
- Food & Beverage
- Electrical & Electronics
- Homecare
- Automotive & Allied Industries
- Healthcare
- Personal Care & Cosmetics
- Other Industries
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa
About Future Market Insights (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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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