Press release
Corrugated Handle Box Market Report 2024: Strategies And Recent Developments | Reid Packaging, Allen Field Company Inc., Unicraft Industries, Guangzhou Bosing Paper Printing and Packaging Co. Ltd
Corrugated Handle Box Market Size
The Business Research Company offers in-depth market insights through Corrugated Handle Box Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The corrugated handle box market size has grown steadily in recent years. It will grow from $44.62 billion in 2023 to $46.47 billion in 2024 at a compound annual growth rate (CAGR) of 4.2%. The growth in the historic period can be attributed to rapid urbanization, modernization, and globalization, increased environmental awareness, growth of the e-commerce sector,
.
The corrugated handle box market size is expected to see strong growth in the next few years. It will grow to $58.09 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to evolving environmental regulations, increasing demand for eco-friendly packaging, rising need for streamlined operations, increasing population, and emerging economy. Major trends in the forecast period include strategic collaborations, geographical expansion, advancements in manufacturing processes, and technological solutions
.
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Market Segmentation:
The main types of materials in the corrugated handle box market are kraft paper, container board, corrugated board, recycled paper, molded fiber pulp, and others. Kraft paper or paperboard (cardboard) is a naturally biodegradable material produced from chemical pulp produced in the kraft process. The different printing technologies include digital printing, flexography printing, and lithography printing and are used by several end-users such as agriculture, chemicals, food and drink, pharma, personal care, retail, and others.
Major Driver - Rising Online Shopping Trends Boosting The Corrugated Handle Box Market Growth
The increase in online shopping will propel the growth of the corrugated handle box market going forward. Online shopping allows consumers to buy goods or services over the Internet using a web browser. Corrugated handle boxes are used by online retailers as storage or transit containers. These boxes can be used for everything from functional to ornamental purposes. For instance, according to the National Association of Securities Dealers Automated Quotations (NASDAQ), an American stock exchange that manages global electronic securities trading, predicted that 95% of all purchases in the UK would be made through online platforms by 2040. Hence, the increase in online shopping is expected to drive the corrugated handle box market growth.
Competitive Landscape:
Major companies operating in the corrugated handle box market include Reid Packaging, Allen Field Company Inc., Unicraft Industries, Guangzhou Bosing Paper Printing and Packaging Co. Ltd., GWP Group, W.H. Skinner, CBS Packaging, Riverside Paper Co., Rengo Co. Ltd., Mondi Group, DS Smith plc, Shanghai Forests Packaging Group Co. Ltd., Planet Paper Box Group Inc., Georgia-Pacific LLC, International Paper Company, Nine Dragons Paper (Holdings) Limited, Oji Holdings Corporation, Packaging Corporation of America, Smurfit Kappa Group, WestRock Company, Shanghai DE Printed Box, Shenzhen Tianya Paper Products Co. Ltd., Atlas Die LLC, Jamestown Container Companies, Landaal Packaging Systems, Mac Papers, Illinois Paper & Copier Co., Bay Cities, Belmont Packaging
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Top Trend - Ds Smith Innovative Corrugated Cardboard Box For Medical Device Shipments
Major companies operating in the corrugated handle box market are focusing on innovating products, such as corrugated cardboard box, to provide a competitive edge in the market. corrugated cardboard box is used as corrugated handle box designed for e-commerce shipments of medical devices. For instance, in April 2022, DS Smith plc, a UK-based Paper mill company launched corrugated cardboard box. Corrugated cardboard box is single-material solution that offers more protection against challenges faced during e-commerce delivery. It is a simpler form of packaging that provides excellent protection for medical devices.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Corrugated Handle Box Market Characteristics
3. Corrugated Handle Box Market Trends And Strategies
4. Corrugated Handle Box Market - Macro Economic Scenario
5. Corrugated Handle Box Market Size And Growth
…..
27. Corrugated Handle Box Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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