September 2024
The high impact corrugated boxes market size reached US$ 73.90 billion in 2024 and is projected to hit around US$ 99.57 billion by 2034, expanding at a CAGR of 3.04% during the forecast period from 2024 to 2034.
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The market is proliferating due to the increasing business of food and beverages, cosmetics, and several e-commerce companies which require high-impact corrugated boxes for packaging. The growing trend of online ordering systems is boosting the high impact corrugated boxes market.
The high impact corrugated boxes market plays a significant role in the packaging industry and it is driven due to its sturdiness, budget-friendly, and durable properties. Such sturdy boxes are manufactured to deliver heavy and fragile products such as electronic items, glass materials, automotive spare parts, and many others. These packaging are safe to transport, handle, and store due to its manufacturing process. Growing trend for online shopping from various e-commerce sites lead to the increasing demand for corrugated boxes market. Due to the increasing trend of online shopping, the demand for corrugated boxes has increased and is expected to grow exponentially during the forecast year 2024 to 2034.
A huge number of packaging boxes is done by e-commerce businesses so growth in e-commerce businesses is due to people choosing online shopping more than offline due to time consumption and many more is directly linked with the growth of the high impact corrugated boxes market. The rising trade worldwide and logistics demand also driving this market rapidly. Such boxes can be customized according to requirements in shape, size, stiffness, and various other aspects and this quality make it preferable for a wider range of businesses.
Artificial intelligence can boost the high impact corrugated boxes market profoundly in multiple ways such as manufacturing, market analytics, customized designs, and many other ways. AI analysis can be used for huge data sets, together with customers' preferences, market movements, and brand strategies, permitting designers to manufacture unique and appealing packaging corrugated boxes. Replications help imagine the appearance of the packaging boxes in diverse environments, saving resources and time while confirming it reverberates with the aimed customers.
The influence of artificial intelligence spreads to engineering, where AI systems fortified with computer images rapidly notice errors in corrugated box materials, reducing unused and product memories. Additionally, artificial intelligence enhances corrugated box packaging measures, capitalizes on material custom and drops additional, subsequent in budget savings and improved sustainability. Artificial intelligence transforms packaging logistics by increasing the weight capacity in shipping trucks, decreasing packaging substance supplies, and reducing the carbon footprint of every item. This supportable method lines up with the concept of a triple bottom line those are economic, environmental, and social success.
The integration of AI in the high impact corrugated boxes market impacts the growth of the market by manufacturing the kind of product which is in high demand by the customers. Its analytics can help to understand the market demand and customize products according to customers. The capacity to manufacture boxes that fit in several ways such as brand advertising, size, shape, weight, and various others.
The rising trend for online shopping raises the demand for corrugated boxes for the shipping of products. A faster delivery system has the risk of damaging products for such cases a durable box for the safe transit of products is essential which is found in corrugated boxes. With the growth in the e-commerce sector, the requirement for the growth of reliable packaging material has also been raised. Sustainable packaging boxes are those that include the strategy of packaging goods and procedures that decrease the risk of unsafe shipping and reduce the usage of undesirable products by using eco-friendly materials. Various market players are manufacturing corrugated boxes according to the requirements of the customers.
The main challenges and restraints in the high impact corrugated boxes market comprise explosive raw material charges, severe environmental guidelines, and growing competition from the other sectors. The unstable raw substance charges are a main task for the producers as they have to continuously regulate their charges to persist competitively. The strict environmental guidelines are a task as they hinder the making and use of specific materials and chemicals.
The growing struggle from the unknown segment is a task as they deliver lower charges and advanced quality products. Decreasing interest among people to spend huge amounts on packaging boxes declines the demand of the market. The huge investment of manufacturing companies to make it sturdy also works as an obstacle in the growth of the high impact corrugated boxes market.
The high impact corrugated boxes market experienced major growth due to various significant opportunities. The main reason for the growth of the market is the rising retail business that enhances the demand for protective and durable packaging boxes due to the safety of the products. The increasing trend for online shopping is expanding the opportunities for manufacturing superior-quality boxes to fulfill the requirements of the market. Manufacturing sustainable, recyclable, and bio-degradable corrugated boxes also expands the scope of the market players.
The shifting of people to using eco-friendly products leads to manufacturing such as corrugated box packaging. Enhanced quality boxes result in highly satisfied reviews from the customers' side leading the market players to manufacture such products with more advancement. The incorporation of NFC technologies and IoT helps to track real-time reviews and also improves the interaction with customers making the packaging sector informative.
In September 2023, EDF and McDonald together collaborated with multiple companies to develop sustainable boxes. The collaborations intend to bring innovative ideas to develop economic and environment-friendly corrugated boxes. In the year 1980 huge public pressure was enforced on McDonald’s to minimize its packaging and waste. Maximum waste was generated during the food preparation and majorly at supply systems. From there McDonald's collaborated with EDF to analyse the solid waste production in the restaurant, supply and distribution centre.
As a result of the analysis, it eliminated over 300 million pounds of packaging which comprises polystyrene clamshells and started recycling corrugated boxes that helped to reduce approximately 30% of the waste generated in the restaurant. With the collaboration, multiple companies helped to bring innovative ideas that resulted in the reduction of huge waste generated by all the sectors such as distribution, production, and supply of the products. Multiple market players come up with ideas that are low in charge and biodegradable and add positive reviews from consumers.
The slotted box segment held the dominating share of the high impact corrugated boxes market in 2023. Slotted boxes are considered the most common style of boxes used in the packaging and delivery sector. These are highly effective designs and suitable in most of the product delivery so the demand is high and the scope to expand in this market is also high. The slotted boxes have same-length flaps and two flaps on the outer side are half the width to close the box properly.
Slotted boxes have a simple design with easy closing and opening flaps that boost their demand in the packaging market. These are useful for various applications such as storage, shipping, and many others due to their simple design and transfer of products safely without any risk of damage. The rising demand is also due to the availability of multiple-size and less weight which is the major requirement in most of the packaging and delivery companies. Such boxes can be easily assembled and efficiently in multiple ways such as shipping charges, less storage and space application.
The single face board segment held the dominating share of the high impact corrugated boxes market in 2023. These kinds of corrugated boxes are available in a single layer of corrugated medium inserted between two liners, this pattern is to provide balance between both flexibility and strength. The property of such a single face board protects from damage by cushioning that gives assurance while packing and transporting delicate items. It has effective impact resistance quality which reduces the risk of transportation of substances such as electronic items, pharmaceutical products, glass items, and many other things.
Compared with two or three-layered wall corrugated board it requires fewer materials to manufacture which makes it lighter in weight and less expensive. Due to fewer manufacturing charges, it becomes suitable for market players which require good quality reliable packaging wraps at an affordable price. Moreover, its flexibility to several customized options and sizes makes it preferable for a variety of businesses that require such packaging options that can help promote their brand as well as protect products.
The electrical & electronics segment held a significant share of the high impact corrugated boxes market in 2024. This industry needs high-quality quality strong packaging boxes for proper and safe delivery of expensive and delicate items. Continuous advancement in technology and rising demand for electrical items worldwide raising the trend of these packaging products. Due to the option of customization, and the demand for electronic products in the e-commerce industry, the requirement for packaging boxes is high in this market.
Asia Pacific, particularly countries like China, India, and Japan, is experiencing explosive growth in e-commerce. This surge in online shopping demands highly durable corrugated boxes to ensure the safe delivery of goods, leading to increased production and consumption of high-impact packaging. The region is home to some of the largest manufacturing and industrial sectors, especially in China and India. These industries require high impact corrugated boxes for shipping and protecting heavy machinery, electronics, and automotive components, fueling market growth.
Asia Pacific benefits from abundant raw materials, particularly paper and pulp, which are essential for producing corrugated boxes. Additionally, the region's low-cost labor and advanced manufacturing capabilities allow for cost-efficient production, making it a global supplier of corrugated packaging solutions. Asia Pacific is a leading exporter of goods, from electronics and textiles to automotive parts. The need for durable packaging for these exports has driven the demand for high impact corrugated boxes that can withstand long transit and protect fragile or heavy items.
North America is observed to grow at notable rate during the forecast period in the high impact corrugated boxes market. Growing demand for online ordering systems in this market is gradually increasing due to factors such as rising economic conditions, urbanization, population, start-up businesses, and many others. The demand for these corrugated boxes increasing in the region as these are cost-effective as well as give high-quality protection to any kind of delicate substances which make them suitable for shipping.
The major market players available in this region are focused on manufacturing innovative and best-quality boxes with sustainability and flexibility which can be used by a wide range of customers. In countries such as the U.S. and Canada, the major market players Deluxe Packaging, Inc., Associated Bag Milwaukee, Volk Packaging Corporation Biddeford, Opus Packaging Caledonia, and many others coming up with new ideas to develop ecofriendly and recyclable boxes without compromising the quality of it.
Europe is estimated to grow at the fastest rate over the forecast period. Sustainable packaging is drawing huge attention from people across the world as awareness among everybody is growing towards the environment. Business owners as well as customers are seeking eco-friendly products so there is a huge demand of such boxes. Biodegradable and recyclable corrugated boxes are highly in demand for sustainable packaging.
Some of the major guidelines associated with packaging in this region maximize the production of sustainable corrugated box packaging. There are several market players Ramya Reprographic Pvt. Ltd, TGI Packaging Pvt. Ltd., Canpac Trends Pvt. Ltd., Shanthi Packaging, Vihaa Print and Pack Pvt. Ltd, Aaradhya Enterprise, Hariwansh Packaging Pvt. Ltd., and many others are progressively working on the manufacturing of corrugated boxes market.
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Asmita Singh is a renowned author and consultant in the packaging industry, known for her deep passion for knowledge discovery and commitment to delivering actionable insights. With extensive experience in implementing advanced research methodologies, Asmita generates high-quality data and meaningful results that drive innovation and efficiency in packaging solutions. Her expertise spans the globe, offering valuable consulting services to businesses aiming to enhance their packaging strategies. Asmitas work is characterized by a dedication to excellence and a keen understanding of the latest trends and technologies shaping the future of packaging.