Double Wall Corrugated Box Market: An Overview
Double wall corrugated box is rigid, generally rectangular in shape which are primarily used to protect the product during transportation. It is made from virgin wood fiber or recycled paper with more lignin content. The toughness is provided by the lignin content in the wood which is not removed during the manufacturing of double wall corrugated boxes. Electricals and Electronics business is experiencing a hype as usage of number of technical instruments and equipment is increasing among all the age group people and especially among the youngsters, the double wall corrugated box market is expected to increase substantially during the forecast period.
As the Transport & Logistics and food & beverage industries are increasing over the last few years, the of double wall corrugated box market is expected to increase during the forecast period. Sustainability is also the another reason why demand of double wall corrugated box is increasing since consumers as well as manufacturers are concerned about reduction in carbon footprint during our day to day life.
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Double Wall Corrugated Box Market: Dynamics
The factors which drive the Double wall corrugated box market are rise in electronics sector, e-commerce sector, protection of product during transportation, increase in sustainable packaging solutions, increase in demand of food and beverage products.
The factors which restrain the Double wall corrugated box market are size constraints as the dimension of the boxes is generally fixed, expensive raw materials and regulations implied by the government as mainly virgin wood fibre is used in the manufacturing of the double wall corrugated boxes. Availability of alternative materials such as plastic bio-plastics also hamper the double wall corrugated box market.
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Double Wall Corrugated Box Market: Segmentation
The Double wall corrugated box market is segmented on the basis of material, type and end use industry.
The Double wall corrugated box market is segmented on the basis of material as
- Wood fiber
- Recycled fiber
The Double wall corrugated box market is segmented on the basis of type as
- Rigid boxes
- Self-erecting boxes
- Telescope boxes
- Slotted boxes
The Double wall corrugated box market is segmented on the basis of end use industry as
- Food and Beverage
- Consumer goods
- Personal care and Homecare
- Pharmaceuticals and Healthcare
- Electrical and Electronics
- Transportation and Logistics
Double Wall Corrugated Box Market: Regional Outlook
North America is the largest share contributor in double wall corrugated box market as the region is flourished with enhancement in retail business. Europe is the second largest share contributor and is expected to remain so during the forecast period. Asia-Pacific region especially China, Japan and India is expected to have the highest growth rate in double wall corrugated box market due to wake in e-commerce sector.
Latin America is expected to have a stagnant growth in double wall corrugated box market throughout the forecast period. Middle East & Africa and Oceania anticipated to grow gradually due to emerging economy, increase in demand of food & beverage products and industrialization.
Double Wall Corrugated Box Market: Key Players
Some of the key players in Double wall corrugated box market are Mondi Group, Smurfit Kappa Group, International Paper, Orora Packaging Australia Pty Ltd, DS Smith, Nefab Group, WestRock, Georgia-Pacific LLC, Archis Packaging (India) Pvt. Ltd, Europac Group, Packaging Corporation of America. Pratt Industries Inc., Oji Holdings Corporation, Stora Enso Oyj, Tat Seng Packaging Group Ltd., VPK Packaging Group, Nelson Container Corporation, Great Little Box Company Ltd., Action Box Inc., Acme Corrugated Box Co. Inc., Wertheimer Box Corporation, Shillington Box Co., LLC and Bee Packaging.
Double Wall Corrugated Box Market: Impact of COVID-19
The pandemic COVID-19 is expected to affect the double wall corrugated box market severely throughout its explosive outreach across the world. As the economic growth of each and every developed and developing countries is decreasing, the double wall corrugated box market will decrease first but then increase later gradually during the forecast period.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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