The Global Heavy Duty Corrugated Packaging Market Size in 2019 Is Estimated to Be Over US$ 17 Billion
Tuesday, June 18, 2019
Press release from the issuing company
Future Market Insights delivers vital insights on the heavy duty corrugated packaging market, in its published report titled, 'Heavy Duty Corrugated Packaging Market: Global Industry Analysis 2014-2018 and Opportunity Assessment 2019-2029'. In terms of revenue, the global heavy duty corrugated packaging market is projected to expand at an approximate CAGR of 5% during the forecast period, owing to numerous factors, regarding which, FMI offers thorough insights and forecasts in this report.
Heavy duty corrugated packaging products are frequently used as shipping containers. These are extensively used to package goods such as food items, beverages, cosmetics, pharmaceuticals, hazardous chemicals, and other materials. Heavy duty corrugated packaging products provide product protection by themselves, but often require an inner component for cushioning such as corrugated inserts and edge protectors, which help ensure the safety of fragile products. In recent years, the demand for pallet boxes in heavy duty corrugated packaging has increased significantly. This can be attributed to immense size flexibility offered by these boxes.
Heavy duty corrugated packaging products such as boxes provide crush resistance and adequate strength for stacking in warehouses. They are environment-friendly, biodegradable, and can be recycled. Products such as octabins, also have high durability, are lightweight, and offer significant cost benefits to the buyer. Thus, heavy duty corrugated packaging products are being increasingly used in secondary packaging of goods, across a wide range of industries.
Online Retail Boom Favoring Heavy Duty Corrugated Packaging Sales
Despite being a fragmented market, Europe represents one-fourth of the global heavy duty corrugated packaging market. The United States heavy duty corrugated packaging market is anticipated to expand at a progressive CAGR due to highest number of convenience and superstores in the region. Moreover, the expanding middle class in emerging economies of Latin America such as Mexico & Brazil, is creating demand for protective packaging solutions such as heavy duty corrugated packaging, and subsequently driving the market. Considering the Asia Pacific region, the organized retail industry and the growing FMCG sector are escalating the growth of the heavy duty corrugated packaging market in China, India, etc. China is anticipated to represent a healthy CAGR of above 6% in the global heavy duty corrugated packaging market.
Strategic M&A Enabling Market Players to Expand in Developing Regions
Key market players that have been profiled in the report on the heavy duty corrugated packaging market include Mondi Group, VPK Packaging Group, International Paper Company, WestRock Company, Georgia Pacific, LLC, Pratt Industries, Inc., Oji Holdings Corporation, Smurfit Kappa Group Plc., DS Smith Packaging Limited, Sonoco Products Company, Smurfit Kappa Group Plc, Elsons International, SCG Packaging Public Company Limited, GWP Group Limited, Packaging Corporation of America, U.S. Corrugated, Inc., Quadwall Ltd., Cheng Loong Corporation, Felbro, Inc. & Menasha Packaging Company, LLC. Several unorganized and regional market players are expected to contribute to the global heavy duty corrugated packaging market during 2019-2029.
Download the sample copy of Report with table of contents and Figures @ https://www.futuremarketinsights.com/reports/sample/rep-gb-4299
For additional information on the heavy duty corrugated packaging landscape, write in to the analyst at email@example.com.
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