The global logistics industry is expected to witness impressive growth, owing to increased export and import activities between countries. The evolving logistics industry is boosting the demand for sustainable and reusable packaging products that can carry heavy loads. Heavy-duty corrugated boxes are designed to satisfy the varying needs of the logistics industry to ship products over long distances. The ability to fold, easily dispose off, and absorb shocks during transportation are expected to be the key factors driving the growth of the heavy-duty corrugated boxes market. The introduction of new transport corridors across the globe for international trade is acting as a key factor towards the growth of the logistics industry. Revised and favorable regulations by the World Trade Organization (WTO) create more opportunities for logistics service providers and domestic manufacturers to sell their products in lucrative marketplaces. The growing logistics and shipping industry raises the need for secured and cost-efficient packaging and shipping containers. The demand for heavy-duty corrugated boxes is surging among the end users, owing to long-distance transportation needs. Heavy-duty corrugated boxes can be easily emptied and folded so as to consume less space.

Recycled Material to Dominate the Global Heavy-Duty Corrugated Boxes Market

With the rapid increase in the global demand for sustainable packaging solutions, heavy-duty corrugated boxes made up of recycled material has emerged as the perfect solution for the packaging of most products in consumer goods, automotive, chemicals, and other industries. Increased intolerance for plastic is expected to drive the demand for renewable and sustainable heavy-duty corrugated boxes in the market. The use of recycled materials in manufacturing is anticipated to decrease energy consumption in production and the final cost of heavy-duty corrugated boxes. Recycled materials are estimated to accounts for around 75% of the total heavy-duty corrugated boxes market.

Lucrative Growth Opportunities for Heavy-Duty Corrugated Boxes in Developing Regions

Emerging economies in developing countries such as India and China are expected to play a significant role in the growth of the heavy-corrugated boxes market. Industrialization provides a significant growth opportunity to the heavy-duty corrugated boxes market, since all industrial materials and machinery parts need to be supplied with proper packaging for the safe delivery of products. Due to industrialization, the production of goods also increases, and as such, the demand for heavy-duty corrugated boxes is also positively affected. India and China are the fastest growing economies in APEJ.

Global Heavy-duty Corrugated Boxes Market: Segmentation

The global heavy-duty corrugated boxes market has been segmented on the basis of grade type, board type, product type, and end-user industry.

On the basis of grade type, the global heavy-duty corrugated boxes market is segmented into:

  • Liner
    • Kraftliner
    • Testliner
  • Fluting Medium
  • Semi-Chemical Fluting
  • Recycled Fluting

On the basis of board type, the global heavy-duty corrugated boxes market is segmented into:

  • Single Wall Boxes / 3 Ply
  • Double Wall Boxes / 5 Ply
  • Triple Wall Boxes / 7 Ply

On the basis of product type, the global heavy-duty corrugated boxes market is segmented into:

  • Slotted Boxes
  • Folder Boxes
  • Telescope Boxes
  • Die Cut Boxes

On the basis of end-user industry, the global heavy-duty corrugated boxes market is segmented into:

  • Food & Beverages
  • Electrical & Electronics
  • Textiles & Apparels
  • Tobacco
  • Logistics
  • Building & Construction
  • Homecare
  • Automotive
  • Pharmaceuticals
  • Personal Care & Cosmetics
  • Chemicals & Fertilizers

Global Heavy-duty Corrugated Boxes Market: Key Players

Some of the key players operating in the global heavy-duty corrugated boxes market are:

  • Ameripak, Inc.
  • DS Smith Packaging Limited
  • Stora Enso Oyj
  • Rengo Co., Ltd.
  • Industrial Packaging Corporation
  • Nefab Packaging Inc.
  • Georgia Pacific LLC
  • WestRock Company
  • Elms Cross Packaging Co. Ltd.
  • Specialty Packaging Group Pty Ltd.
  • Mondi Group

Recent Developments in the Global Heavy-Duty Corrugated Boxes Market

  • In December 2017, Rengo Co., Ltd. acquired Thai Containers Group Co., Ltd., a manufacturer of corrugated boards and boxes, based in Thailand.
  • In September 2017, Oji Holdings Corporation acquired the corrugated box business of Cardboard Cartons Pvt Ltd, based in Melbourne, Australia.
  • In June 2018, Mondi Group expanded its heavy-duty corrugated boxes plant, SIMET, situated in Poland, to grow in the heavy-duty corrugated boxes market in the country.

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
  • Insights and Tools based on data-driven research
  • 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
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

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.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

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.

4. Strategic Frameworks

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?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Heavyduty Corrugated Boxes Market

Pre Book