In its recently published study, ‘Heavy Duty Corrugated Packaging Market: Global Industry Analysis 2014-2021 and Opportunity Assessment 2022-2029,’ Future Market Insights provides crucial insights into the heavy-duty corrugated packaging market. The global heavy-duty corrugated packaging market is expected to grow at a CAGR of around 5% during the forecast period, owing to several variables about which FMI provides detailed insights and projections in this study.
Shipping containers are usually made of heavy-duty corrugated packaging. Food, beverages, cosmetics, medications, dangerous chemicals, and other products are all packaged using these. Heavy-duty corrugated packaging goods provide product protection on their own, but they frequently require an interior cushioning component, such as corrugated inserts and edge protectors, to assure the safety of fragile products. Pallet boxes have been increasingly popular in heavy-duty corrugated packaging in recent years. This is due to the enormous size flexibility that these boxes provide.
In the global bag closure market, the confectionery industry is the largest end-user of twist ties. Packaging necessitates human labor because of its short runs and small-batch items. While clips were once popular, twist ties are gradually replacing them because they use less plastic. Bag closures have increased dramatically as bakeries have expanded and expanded, from basic bread bakeries to gourmet bakeries.
Heavy Duty Corrugated Packaging Sales Benefit from Online Retail Boom
E-commerce and the booming retail industry, according to FMI, are key drivers of heavy-duty corrugated packaging demand. Furthermore, the strict rules and regulations governing the use of plastic-based packaging products will shortly encourage the use of recycled paper packaging products such as heavy-duty corrugated packaging. The global need for heavy-duty corrugated boxes has reached new heights.
Market Players Expanding in Developing Regions Through Strategic M&A
In the worldwide heavy-duty corrugated packaging market, the vendor environment is extremely fractured. The most active acquirers in the corrugated business are Mondi Group, Smurfit Kappa Group, and DS Smith, all of which are major participants in the heavy-duty corrugated packaging market. Through mergers and acquisitions in the heavy-duty corrugated packaging market, the corporations are focusing on extending their footprint in growing nations in the Asia Pacific and Latin America.
Heavy Duty Corrugated Packaging Industry Research: Key Segments
Heavy Duty Corrugated Packaging Market by Product Type (Corrugated Boxes, Octabins) & Region – Forecast 2022 – 2029