The global heavy-duty corrugated packaging market is set to account for a valuation of US$ 20983.4 million in 2023 pushing the market size to US$ 34179.75 million in 2033. A CAGR of 5.0% indicates positive market growth over the forecast period.
Heavy-duty corrugated packaging consumption accounted for approximately 9.2% share of the global corrugated packaging market in 2023. Corrugated boxes are estimated to be the most preferred product by end users across the world.
Due to the durable materials used in heavy-duty corrugated boxes, bulky goods are more secure and long-distance transportation is safer. In addition to protecting consumer electronics, automotive spare parts, semi-finished products, finished products, bulk products, and easy-to-assemble, easy-to-dispose packaging material, corrugated packaging provides outstanding protection during transport, storage, and handling.
Increasing online shopping through e-commerce sites for consumer electronics and industrial machinery drives the global market for heavy-duty corrugated packaging. Small, medium, and large-scale industries around the world are growing. As demand rises for medical devices, food processing machinery, and other manufacturing industries, additional markets may grow further.
Compared to plastic packaging, corrugated boards are made from pulp and paper; as a result, they are very recyclable. Their fluting acts as a shock absorber, protecting packaged items from external harm. As a result of the flutes’ varied layers and thicknesses, these containers can withstand high pressure, and they can cushion package contents as well.
In recent years, e-commerce has become a significant end-user industry. Major e-commerce companies, such as Amazon, use corrugated board boxes for principal packaging, and individual items are packaged in plastic.
Why are Corrugated Boxes Gaining Immense Popularity?
Innovative Packaging Solutions to Drive Demand for Corrugated Boxes
Corrugated boxes are projected to account for 59.3% of the global market share in 2023. The corrugated boxes segment across the globe is anticipated to drive the market at a healthy 4.6% CAGR, pushing the market size to US$ 12,399,935 in 2023. Corrugated boxes will continue to maintain lead over their counterparts, due to their excellent crush resistance and high strength, whereas, penetration of superstores will push demand for POP displays.
These boxes give buyers the leverage of using them for various size requirements, thus reducing inventory and optimizing cost management. Demand for corrugated boxes is fueled by the increasing development of novel packaging for the food service, medical, transportation, and chemical industries.
Due to rising demand from international traders for the boxing of fruits, veggies, and other items, as well as an increase in import and export activities around the world, corrugated boxes are expected to be the most chosen product for heavy-duty corrugated packaging.
Which End Use Drives Most Sales of Heavy-Duty Corrugated Packaging Products?
Need for Effective Shipping of Consumer Electronics Fueling Market Expansion
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, which is provided with 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.
Which Region Offers High Growth Opportunity for Heavy Duty Corrugated Packaging Suppliers?
Rising Consumption of Heavy-Duty Carton Boxes in the Food Industry Driving Market Growth in Europe
The European region accounts for the largest share of the global heavy-duty corrugated packaging market. According to the European Corrugated Packaging Association FEFCO, more than 40% of corrugated products are used by the food industry.
Market growth in Europe is attributed to the increasing adoption of heavy-duty carton boxes in the food industry. Because all industrial materials and machinery parts must be supplied with adequate packaging for the secure delivery of products, modernization provides a substantial development opportunity for the heavy-duty carton boxes industry.
What Supports Market Growth in the United States?
Strategic M&A to Boost Sales of Heavy-Duty Corrugated Shipping Boxes
The United States’ heavy-duty corrugated packaging market is anticipated to expand at a progressive CAGR due to the highest number of convenience and superstores. Increasing demand for heavy-duty corrugated shipping boxes in the country, as well as the presence of the top corrugated box manufacturing companies, are fueling market expansion in the United States.
In addition, companies are focusing on expanding their footprint in the country through mergers and acquisitions. This key factor is contributing to boosting demand for heavy-duty corrugated shipping boxes in the United States.
These insights are based on a report Heavy Duty Corrugated Packaging Market by Future Market Insights.