The global high impact corrugated boxes market is anticipated to reach a valuation of US$ 71.0 billion in 2023, driven by product customization. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 3.0% between 2023 and 2033, and reaching a total valuation of approximately US$ 95.5 billion by 2033.
One of the major factors contributing to the growth of the high impact corrugated boxes market is the protective packaging. The boxes are well-suited for protecting delicate and valuable items during transit. Industries dealing with fragile or sensitive products, such as electronics, glassware, and pharmaceuticals, rely on these boxes to ensure safe delivery to end-users. The ability to safeguard products from potential damages during transportation is a crucial factor driving the adoption of high impact corrugated boxes.
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Stringent regulations on packaging materials and waste management have led companies to seek compliant and sustainable packaging solutions. High impact corrugated boxes made from renewable and recyclable materials align with various environmental regulations, making them a preferred choice for businesses aiming to meet sustainability targets.
High impact corrugated boxes offer an economical packaging solution compared to other alternatives, such as wooden crates or plastic containers. The cost-effectiveness of these boxes, combined with their protective properties and branding opportunities, makes them a cost-efficient choice for businesses of all sizes.
Key Takeaways from the Market Study
- Global high impact corrugated boxes market was valued at US$ 69.0 billion by 2022-en
- From 2018 to 2022, the market demand expanded at a CAGR of 2.0%.
- North America is expected to hold a dominant CAGR of 2.9% during the forecast period
- By product type, die cut box segment is expected to constitute a CAGR of 2.9% in 2033
- On the basis of end-use, food & beverage segment is expected to dominate the market with a CAGR of 2.9% in 2033.
- From 2023 to 2033, high impact corrugated boxes market is expected to flourish at a CAGR of 3.0%.
- By 2033, the market value of high impact corrugated boxes is expected to reach US$ 95.5 billion
“Growing consumer awareness regarding environmental issues, across the globe, is a major factor that is expected to propel the growth of the high impact corrugated boxes market in the near future,” remarks an FMI analyst.
Competitive Landscape
Prominent players in the high impact corrugated boxes market are International Paper, D.S. Smith Packaging Limited, Oji Holdings Corporation, Georgia-Pacific LLC, WestRock Company, Elson International LLC, Aero Box LLC, Stamar Packaging Company Pvt. Ltd., Albert Paper Products Co., Associated Sales & Bag Company, G.K.P. Printing & Packaging Ltd., and Kap Group LLC, among others.
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Recent Developments:
- In 2023, Huhtamaki announced the launch of its new line of high impact corrugated boxes that are made from 100% recycled materials.
- In 2022, Dart Container Corporation announced the launch of its new line of high impact corrugated boxes that are designed to be more sustainable.
- In 2021, Graphic Packaging International announced a new partnership with TerraCycle to collect and recycle used high impact corrugated boxes.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global high impact corrugated boxes market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the high impact corrugated boxes market, the market is segmented on the basis of product type (slotted box, folder box, telescope box, and die cut box), by board type (single face board, single wall board, double wall board, and triple wall board), and by end-use (food & beverage, electrical & electronics, homecare, automotive & allied industries, healthcare, personal care & cosmetics, and other industries), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).
About Future Market Insights Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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