Multi-depth corrugated boxes are a popular type of packaging solution that provides flexibility in terms of depth and height, making it suitable for shipping a wide range of products. These boxes are made of corrugated cardboard, which is known for its durability, strength, and ability to withstand external forces.
By 2031, the global multi-depth corrugated boxes market is expected to have grown by a respectable 6.4% CAGR, reaching US$ 1,614.2 million. One of the major factors driving the growth of the market is the increasing demand for e-commerce and online retailing. The rise in e-commerce has led to a surge in demand for shipping and packaging solutions, including multi-depth corrugated boxes, as they are lightweight, durable, and cost-effective.
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Another important factor contributing to the growth of the market is the increasing demand for sustainable packaging solutions. Multi-depth corrugated boxes are recyclable and biodegradable, which makes them an eco-friendly option for packaging. The increasing awareness about sustainability and the implementation of stringent regulations regarding packaging waste management are further fueling the demand for sustainable packaging solutions.
The market growth is also driven by the versatility and flexibility of multi-depth corrugated boxes. These boxes can be adjusted to various depths and heights, allowing for efficient use of space and reducing shipping costs. This makes them ideal for shipping a wide range of products, including electronics, clothing, and household goods.
In conclusion, the multi-depth corrugated boxes market is expected to experience significant growth in the coming years driven by the increasing demand for e-commerce and online retailing, the need for sustainable packaging solutions, and the versatility and flexibility of multi-depth corrugated boxes.
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Competitive Landscape
Companies operating in the multi-depth corrugated boxes market are aiming at strategic collaborations with software and digital printing service providers to address the requirements of an expanding packaging market. Presence of more number of competitors means a large number of players are competing for the same customer base and resources, therefore keeping up the momentum.
Thus, the rivalry among existing competitors is significantly high.
- On May 2nd 2019, WestRock Company acquired UBS Printing Group, Inc. to intensify its ability to support beauty and personal care industry.
- On 15th April 2019, WestRock Company was honoured with Innovator Award for its work in improving the recyclability of foodservice packaging by Sustainable Packaging Coalition (SPC).
- On January 27, 2021, Georgia-Pacific LLC expanded its Hummingbird® digital operations through the purchase of HP PageWide T1190 Press for corrugated packaging printing solutions. HP PageWide T1190 Press is set to deliver 305 meters (1000 feet) of corrugated liner per minute and up to 100 million corrugated boxes per year.
- On January 14, 2021, DS Smith Packaging Ltd. installed an EFI™ Nozomi C18000 Plus digital printer in its plant based out of Lisbon. This digital printer allows customizing the corrugated packaging with good quality print and lesser delivery time.
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Key Players:
- Georgia-Pacific LLC
- International Paper
- DS Smith Packaging Limited
- Oji Holdings Corporation
- Pratt Industries, Inc.
- Acme Corrugated Box Co. Inc.
- Great Little Box Company Ltd.
- A.D. Inc. of Milwaukee
Key Segments Covered in Multi-Depth Corrugated Boxes Industry Research
Multi-Depth Corrugated Boxes Market by Capacity Type:
- Up to 80 lbs
- 80 to 180 lbs
- 180 to 300 lbs
- Above 300 lbs
Multi-Depth Corrugated Boxes Market by Board Type:
- Single Wall
- Double Wall
- Triple Wall
Multi-Depth Corrugated Boxes Market by Strength:
- Normal (Below 32 ECT)
- Standard (32 ECT)
- Heavy Duty (44 ECT)
- Heavy Duty Double Wall (48 ECT)
Multi-Depth Corrugated Boxes Market by End Use:
- Food & Beverages
- Consumer Electronics
- Home Care & Personal Care
- Textiles
- Glassware & Ceramics
- Automotive
- Others
Multi-Depth Corrugated Boxes Market by Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
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