The market is expected to generate an incremental $ opportunity of US$ 10.0 Bn between 2022 and 2030
Category: Packaging Published Date : July 2022 ID: CVC-00155-PKG Format: PDF Pages: 290
Heavy Duty Corrugated Containers Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the Global Heavy Duty Corrugated Containers Market was worth US$ 20.0 Bn and is expected to grow at a CAGR of 5.2% over the forecast period. The market is expected to hit US$ 30.0 Bn by 2030 end.
Secondary shipping corrugated boxes, primary corrugated boxes, and corrugated retail display stands are used for packing non-durable products, durable goods, food and beverages, and non-food and non-manufacturing commodities in the corrugated packaging sector. Corrugated cardboard is often produced without dyes or bleaches, reducing its footprint and level of recyclability.
The surge in e-commerce purchasing has produced a large need for packaging solutions worldwide. Rising environmental concerns and product bans have created a significant demand-supply imbalance for reusable packaging solutions.
What factors are driving the surge in demand for Heavy Duty Corrugated Containers?
One of the primary reasons driving the growth of the heavy-duty corrugated packaging market is growing export and import activity worldwide. The rising need for heavy-duty paper and multiwall bags in different end-user industries such as food and drinks, chemicals, consumer electronics, cosmetics and personal care, healthcare, and textile, among others, and increased intolerance for plastic, drive market expansion.
Increased pollution, shifts in customer tastes, rapid urbanization, and a growth in online buying via e-commerce websites all benefit the heavy-duty corrugated packaging sector.
Customized corrugated packaging has gained popularity recently, and many businesses are investing significantly to supply such innovative solutions.
What are the market opportunities for Heavy Duty Corrugated Containers?
The end-users increasing desire for cost-effective, eco-friendly, and light-weight packaging in industries such as electronics, automotive, pharmaceuticals, healthcare, and food and beverages will continue to drive the expansion of the corrugated packaging market through 2030. The thriving e-commerce industry is expected to be critical in increasing corrugated packaging utilization.
Because all industrial supplies and machinery components require suitable packing for safe product delivery, industrialization presents a substantial development potential for the heavy-duty corrugated boxes industry. As a result of automation, commodities production grows, and demand for heavy-duty corrugated boxes rises.
What are the major challenges confronting the Heavy Duty Corrugated Containers Market?
In certain emerging markets, tight laws and a lack of knowledge about sustainability benefits are projected to hamper industry expansion. Raw material price fluctuations are expected to be a problem for the heavy-duty corrugated packaging market during the forecast period of 2022-2030.
As a result of the COVID-19 epidemic, which forced the closure of numerous large manufacturing businesses, the worldwide corrugated packaging industry has seen a modest drop. As a result of the COVID-19 epidemic, some nations have placed import and export restrictions.
Besides vital services, decreasing family incomes and poor company balance sheets are projected to prolong the recessionary period throughout key end-use industries. The effort to deactivate COVID-19 might significantly impact consumer packaging choices.
Which End-Use Segment is most expected to expand the fastest throughout the projected period?
Increasing demand for consumer electronics such as washing machines, microwaves, etc., is driving the growth of the heavy-duty corrugated packaging market.
For the shipment of such electronic products, safe and secure packaging is required, provided by heavy-duty corrugated packaging. As the consumer electronics industry is witnessing a boom in developing countries, demand for the shipment of flexible items is also expected to increase in parallel.
Why is the Corrugated boxes segment expected to expand fast during the forecast period?
In 2021, corrugated boxes were expected to account for 60.0% of the global market. Corrugated boxes will maintain their advantage over their competitors because of their outstanding crush resistance and high strength, while superstore expansion will drive demand for POP displays.
These boxes allow purchasers to use them for various size needs, minimizing inventory and enhancing cost management. The growing development of new packaging for the food service, medical, transportation, and chemical sectors is driving demand for corrugated boxes.
Why is the United States such a large market for Heavy Duty Corrugated Containers?
Despite its fragmented market, Europe accounts for one-fourth of the worldwide heavy duty corrugated packaging industry. Because of the region’s large concentration of convenience and superstores, the heavy duty corrugated packaging market in the United States is expected to grow at a steady CAGR.
Because of the rising number of convenience and superstores in the United States, the heavy-duty corrugated packaging market is expected to grow at a steady CAGR. The country’s increasing need for heavy-duty corrugated shipping boxes and the presence of the top corrugated box manufacturing businesses are driving market expansion in the United States.
Businesses are focusing on expanding their presence in the country through mergers and acquisitions. This important factor boosts demand for heavy-duty corrugated shipping boxes in the United States.
Which region has promising opportunities in the Heavy Duty Corrugated Containers market?
The Asia Pacific has been the greatest manufacturer and user of corrugated packaging, and this trend is expected to continue over the projected period. Booming sales of processed foods and drinks, particularly in developing nations such as India, China, Malaysia, and Indonesia, contribute to the region’s rapid expansion.
Heavy-duty corrugated packaging manufacturers are expanding their market dominance by purchasing regional competitors.
Some of the key developments that have taken place in the Heavy Duty Corrugated Containers Market include:
A list of some of the critical suppliers present in the market are:
Market Segments Covered in Report
By Board Type:
By Region and Country:
Global Heavy Duty Corrugated Containers Market 2022-2030: Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Billion for Value and Tons for Volume, and CAGR from 2022 to 2030|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Type, Board Type, Capacity, End-Use, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|