Heavy Duty Corrugated Packaging Market Size 2022 Industry Growth by Major Companies Profile and Key Regions 2030 – This Is Ardee

2022-07-27 09:31:21 By : Ms. Rita Yuan

Global Heavy Duty Corrugated Packaging Market Size study, by Product Type (Corrugated Box, Octabins, High Performance Totes, Vegetable Totes, Pallets, POP Displays, Others (Edge Protectors, etc.)) by Board Type (Single Wall Heavy Duty Corrugated Packaging, Double Wall Heavy Duty Corrugated Packaging, Triple Wall Heavy Duty Corrugated Packaging) by Capacity (Up to 100 lbs. Heavy Duty Corrugated Packaging, 100 to 300 lbs. Heavy Duty Corrugated Packaging, Above 300 lbs. Heavy Duty Corrugated Packaging) by end use industries (Food & Beverages, Chemicals, Consumer Electronics, Cosmetics & Personal Care, Healthcare, Textiles, Glassware & Ceramics, Automobiles, Homecare, Others) and Regional Forecasts 2022-2028

Global Heavy Duty Corrugated Packaging Market is valued approximately USD $billion in 2021 and is anticipated to grow with a healthy growth rate of more than % over the forecast period 2022-2028.

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Heavy duty corrugated packaging products are widely used as shipping containers. Corrugated packaging solutions are used to package goods such as food items, beverages, cosmetics, pharmaceuticals, and other materials. Heavy duty corrugated boxes such as boxes provide crush resistance and adequate strength for stacking in warehouses. They are sustainable, biodegradable, and can be recycled. Growing demand for Consumers Electronics and rising e-commerce sector are key drivers for the growth of Heavy Duty Corrugated Packaging market. For instance, according to global database Management Company Statista- As of 2022, revenue in the Consumer Electronics market amounts to USD 1.0 trillion and the market is expected to grow annually by 1.82% from 2022 to 2026 and would amount to USD 1.07 trillion and as per India Brand Equity Forum (IBEF)-As of 2019, Indian appliance and consumer electronics (ACE) market was estimated at USD 10.93 billion and as per projections the Appliances and consumer electronics industry is expected to double to reach USD 21.18 billion by the year 2025.Recently, in June 2021, Mondi Group, British multinational packaging and paper group has acquired Olmuksan International Paper, a leading corrugated packaging player based in Turkey. Also, with growing Cross border Trade in post covid era and rising Food and beverages sector, the adoption & demand for Heavy Duty Corrugated Packaging is likely to increase the market growth during the forecast period. However, fluctuation in raw material prices coupled with disruptions in demand due to COVID-19 pandemic are some of the factors which impedes the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global Heavy Duty Corrugated Packaging Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region across the world in terms of market share owing to growing adoption of sustainable packaging solutions and rising consumer electronics industry in the region. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2022-2028. Factors such as growing e-commerce sector in the region would create lucrative growth prospects for the Heavy Duty Corrugated Packaging Market across Asia-Pacific region.

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Major market player included in this report are: Mondi Group VPK Packaging Group International Paper Company WestRock Company Georgia Pacific LLC Pratt Industries Inc. Smurfit Kappa Group Plc. DS Smith Packaging Limited Sonoco Products Company Elsons International . The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

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By Product Type: Corrugated Box Octabins High Performance Totes Vegetable Totes Pallets POP Displays Others (Edge Protectors, etc.) By Board Type: Single Wall Heavy Duty Corrugated Packaging Double Wall Heavy Duty Corrugated Packaging Triple Wall Heavy Duty Corrugated Packaging By Capacity: Up to 100 lbs. Heavy Duty Corrugated Packaging 100 to 300 lbs. Heavy Duty Corrugated Packaging Above 300 lbs. Heavy Duty Corrugated Packaging By End Use Industries: Food & Beverages Chemicals Consumer Electronics Cosmetics & Personal Care Healthcare Textiles Glassware & Ceramics Automobiles Homecare Others By Region: North America U.S. Canada Europe UK Germany France Spain Italy ROE

Asia Pacific China India Japan Australia South Korea RoAPAC Latin America Brazil Mexico Rest of the World

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