The high impact corrugated boxes market is likely to record a strong CAGR of 3% during the forecast period. The high impact corrugated boxes market is currently valued at US$ 69 Bn in 2022 and is likely to reach US$ 95.5 Bn by 2032
Sales of high impact corrugated boxes have risen due to their varied sizes and suitability for carrying a wide range of products and protection from moisture. Increased demand for high impact corrugated boxes has risen due to the rigidness and cushion qualities which make them durable and can bear impact during logistics and transportation is also projected to contribute to the growth of the high impact corrugated boxes market share.
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High Impact Corrugated Boxes Market – Dynamics
High impact corrugated boxes are commonly used to carry heavier products such as electronic goods, beverage, food, pharmaceuticals. Printing before corrugation increases color consistency and color quality creating strong and cost-effective design rather than post printing. High impact corrugated boxes are affordable product, which can maintain the quality and structural integrity of the packaged product. High impact corrugated boxes gets easily deformed and are not appropriate for storage and transportation of liquid products. Moreover, the market for high impact corrugated boxes is hampered due to environmental issues from cutting of trees for manufacturing of paper.L
High Impact Corrugated Boxes Market – Regional Outlook
Countries such as UK and France in the European region and U.S. in the North America region have the highest online stores, and therefore, the market for high impact corrugated boxes is expected to rise in these countries. The high impact corrugated boxes market in countries such as the U.S., Italy, and the UK is expected to have above average growth during the forecast period. It attributed to the high demand for high impact corrugated boxes incorporated in the packaging of beverages, food, healthcare, and cosmetics.
What are the Market Share Drivers for High Impact Corrugated Boxes?
The need for high impact corrugated boxes has grown as a result of their use to transport bulkier goods like electronics, beverages, food, and medications.
Instead of printing after corrugation, printing before it improves colour consistency and quality, creating a strong and affordable design.
Because high impact corrugated boxes are an economical commodity that can preserve the quality and structural integrity of the packaged good, their sales are expanding quickly.
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How is the Competitive Landscape in the High Impact Corrugated Boxes Market?
The key players of the high impact corrugated boxes market are focusing on enhancing and adopting strategies like enhancing the durability, sizes and its use as packaging solutions to thrive business. This is driving the sales of high impact corrugated boxes.
Some of the key participating players indulged in the sales of high impact corrugated boxes 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.
- Kap Group LLC
These market players are anticipated to drive the high impact corrugated boxes market by introducing new products and expanding geographically.
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