Corrugated wraps are protective packaging materials made from corrugated cardboard, consisting of fluted paperboard sandwiched between two flat layers of paperboard. These wraps are commonly used to encase and cushion items during shipping, storage, or handling, offering excellent protection against impacts, moisture, and compression.
The global corrugated wraps market is poised for substantial growth, with an anticipated market value of US$ 3,747.8 million expected in 2023. Looking further ahead, the market is projected to continue its ascent, reaching an impressive market value of US$ 5,820.2 million by 2033, marking a notable Compound Annual Growth Rate (CAGR) of 4.5% over the decade from 2023 to 2033.
The corrugated wraps market, which involves the production and use of corrugated paper wraps for packaging and protection of various goods, is influenced by several drivers and restraints that shape its growth and dynamics. Here are some key drivers and restraints for the corrugated wraps market:
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Start-ups for Corrugated Wraps Market
Key start-ups for corrugated wraps are Noptla, Evoware, BeeBagz, RooCreate, Kleen Hub, and Boostani.
- BeeBagz, a Canadian start-up, offers plastic-free, eco-friendly, and reusable wrappers. The start-up uses plant-based products to manufacture these wrappers and aims to reduce single-use packaging.
- Boostani, another key player, focuses on creating wraps with barrier properties. The start-up uses mono materials to reduce the need for extra layers and can be easily recycled.
Market Competition
In the global market for corrugated wraps, several prominent players are driving innovation and meeting the diverse packaging needs of businesses worldwide. Among these key participants are Springfield Corrugated Box, Inc., Crown Technologies, Palmer Packaging, Inc., Willard Packaging Co., Antalis S.A., and On-Demand Packaging (Packsize).
Willard Packaging Co. stands out as a significant contributor to the corrugated wrap market, specializing in a variety of wrap solutions tailored to specific product requirements. Their offerings include hand wrap, machine wrap, and wraps designed for tools. By focusing on providing customized corrugated wraps suited to different products, Willard Packaging Co. demonstrates a commitment to meeting the unique packaging needs of their customers.
Similarly, Palmer Packaging, Inc. plays a vital role in the corrugated wrap market by offering a range of edge protectors, including single-face corrugated, pulp roll guard cradles, and corner boards. The company’s emphasis on providing diverse corrugated wrap solutions underscores its dedication to catering to the packaging needs of a wide array of products, regardless of their design or dimensions.
Both Willard Packaging Co. and Palmer Packaging, Inc. exemplify the industry’s commitment to innovation and customer-centric solutions. By offering specialized corrugated wraps and edge protectors, these key players contribute to the efficiency, safety, and sustainability of packaging practices across various sectors, ensuring the protection and integrity of products during transit and storage.
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Key Players
- Springfield Corrugated Box
- Crown Technologies
- Palmer Packaging Inc.
- Packsize LLC
- Amcor
- International Paper
- Smurfit Kappa Group
- WestRock
- Mondi Group
- DS Smith
- Context
Key Segments Profiled in the Corrugated Wraps Market Industry Survey
By Material Type:
- Paper
- Semi-gloss/Matte Paper
- Direct Thermal Paper
- Vellum Paper
- Others
- Plastic
- Fiber
By End Use:
- Schools
- Retail Stores
- Warehouses
- Restaurants
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia and Pacific
- The Middle East & Africa
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