Global Heavy-Duty Corrugated Packaging Market - 2020-2027
|強化瓦楞紙板的全球市場:2020年∼2027年的預測 Global Heavy-Duty Corrugated Packaging Market - 2020-2027|
|出版日期: 2020年11月27日||內容資訊: 英文||
The global heavy-duty corrugated packaging market size was worth US$ XX billion in 2019 and is estimated to reach US$ XX billion by 2027, growing at a CAGR of XX % during the forecast period (2020-2027).
Heavy-duty corrugated packaging is type of packaging produced by corrugated cardboards and consists of three different grades depending on type of strength required. The type includes single wall, double wall and triple wall of corrugated cardboards. These are extensively used for the packaging of the heavy consumer's electronics such as refrigerators, washing machines etc.
As heavy-duty corrugated boxes are made from durable materials which provide superior protection for the bulky goods and facilitate safe long-distance transport. Heavy-duty corrugated packaging provides protection during transport, storage and handling of consumer electronics, automotive spare parts, semi-finished products, finished products, bulk products and easy to assemble, easy to dispose of packaging material.
Heavy-duty corrugated packaging is substantially used in end-user industries such as industrial machinery, chemical industry, transportation & packaging, electronics, agriculture, food and beverage industry, crockery and glassware, consumer goods and appliances.
The global heavy-duty corrugated packaging is driven by rising online shopping through E-commerce sites of the consumer's electronics, industrial machinery with increasing number of the small, medium and large-scale industries around the globe. Further market is driven by rising demand for the packaging of the medical devices, food processing machineries and many other manufacturing industries.
The market is driven by surge in the online shopping through e-commerce websites with growing consumers of the electronics home appliences around the globe. According to the UNCTAD, the global e-commerce sale increased by 13% in 2017 reached to around US$ 29 trillion this is primarily due to surge in the number of online shoppers.
Further rising demand for the consumers electronics in the developing countries due to growing population demand have propelled the heavy-duty corrugated packaging market. For instance as per the India Brand Equity Foundation Organization in 2019, the consumer electronics and appliences sale reached to around US$ 10.93 billion and is projected to reach around US$ 21 billion by 2025 in India.
Rising industrial machinery demand in food processing units as well as rising demand for cooruagated packaging og the medical devices drives the growth of the Heavy-Duty Corrugated Packaging market around the globe
Increase in the food processing units, and surge in the prevelence of the chronic ailments have boosted the demand for the machineires and medical devices. It created massive demand for the packaging of the above mentioned medical devices furniture, equipment, machinery which ultimately boost the the heavy-duty corrugated packaging market.
Rising international trades with surge in the number of the export and import activies around the globe hae propelled the demand for the heavy-duty corrugated market. For instance as per the World Trade Organization report, world's merchandise export reached to around US$ 19.48 trillion in 2018 increased from US$ 17.33 trillion in 2017. It created massive demand for the heavy-duty corrugated boxes for the packaging of the commercial goods.
Increasing launching of the recyclable, compostible and biodegradable packaging by the leading players with strict rules and regulations for the eco-friendly packaging may create huge opportunity for the growth of this market. For instance on 13th Jan 2020 DS Smith developed eco-friendly solid board packaging for anti-allergy kits as an alternative to plastic packaging. The packaging designed as an alternative sustainable packaging for a global pharmaceutical company, which specialises in allergy treatments.
The global heavy-duty corrugated packaging market has shown slight declination due to the COVID-19 pandemic, as several leading manufacturing industries were closed. Several countries have restricted the import and export activities during the covid-19 pandemic. As the international trade began in month of the June 2020, demand for the heavy-duty corrugated packaging began.
Further several leading manufacturer started production which created huge demand for the heavy-duty boxes for packaging of the goods all over the world. The demand remained constant in Aug 2020 and will increase as soon as the pandimic will over. Further several leading players have launched e-commerce websites too facilitate the services to the consmers of the necessary things such as foods, pharmaceutical medicines etc.
For instance on 3rd Sept 2020, Macpac launched new e-commerce site which provides bakery packaging and general food trays to the horticulture range to the consumers. The demand for the heavy-duty corrugated packaging have been increased for the medical and healthcare goods transport. The medical devices such as ventilators, N-95 masks and other essential goods demand has been increased astoundingly during the Covid-19 pandemic. Further demand will again increase as soon as the Covid-19 pandemic will over.
The global heavy-duty corrugated packaging market is segmented based on product, board types, capacity, end-users and region.
Based on product, the global heavy-duty corrugated packaging market is divided into corrugated boxes, high performance totes, vegetable totes, pallets, octabins, pop displays and others. Among this, corrugated boxes segment has the highest share in 2019, owing to increasing the demand by the international traders for packaging of the fresh fruits and vegetables and other goods as well as surge in import and export activities around the globe.
For instance Cascades launched new packaging solutions for fresh fruits and vegetables which helped meet the requirements of producers, packers, and retailers. Further on 3rd August 2020, DS Smith launched new sustainable corrugated material Greencoat range for backyard revelers, family picnickers, and road trippers.
In terms of board type, the global heavy-duty corrugated packaging market is bifurcated into single wall, double wall, triple wall. Among this, double wall has the highest market share in 2019, owing to its high strength and rigidity to sustain heavy loads of the goods. Further rising demand by the manufacturing facilities and retail outlets due to increasing population with surge in the consumers spending of the people of the developing region. As per the India Brand Equity Foundation Organization in 2018, in India retail industry reached US$ 950 billion in 2018 at CAGR of 13 per cent and is projected to grow US$ 1.1 trillion by 2020.
Similarly, double wall, triple wall segments are also growing at faster pace owing to rising demand by the logistic companies to transport goods. For instance in the United States, United States Logistics Business reached to around US$ 1.6 trillion in 2018. It created massive demand for the Heavy-Duty Corrugated Packaging in this region.
Based on the capacity, the global heavy-duty corrugated packaging market is divided Up to 100 lbs, 100-300 lbs and Above 300 lbs. Among this, 100-300 lbs segment has the highest share in 2019, owing to increasing demand for the The large shares of Europe and Asia in world merchandise exports and imports give these regions an outsized influence on global trade growth.
With exports valued at US$ 7.11 trillion and imports at US$ 7.15 trillion in 2018, Europe accounted for 37 per cent of world merchandise trade on both the export and import side. Asia's exports of US$ 6.91 trillion gave it a 34 per cent share while its imports of US$ 6.76 trillion accounted for 33 per cent of the world total.
Based on capacity, global heavy-duty corrugated packaging market is divided logistic, automobile, chemicals, food & beverages, consumer electronics, textile, glassware & ceramics, cosmetics & personal care, healthcare and others. Among this, logistics segment has the highest market share in 2019, this is primarily due to rising demand by the logistics companies to tranport the goods safely at required locations.
For instance As per the Scientific Research Publishing Organization report in 2019, the global logistics sector was valued to around US$ 4 trillion which propelled the demand for the Heavy-Duty Corrugated Packaging market over the study period.
Similalry, automobile, chemicals, food & beverages, consumer electronics, textile, glassware & ceramics, cosmetics & personal care, healthcare segments are also growing at fastest speed for the due to rising production of automotives in the developing region.
Asia-Pacific region is dominating the global heavy-duty corrugated packaging market accounted for the largest market share in 2019, due to presence of the manufacturing companies, growing industrialization, and rising population demand of the heavy-duty corrugated packaging by the logistic sector in this region followed by North America and Europe.
As per the India Brand Equity Foundation Organization, India's logistics cost valued to around US$ 260 billion representing 13% of total India's GDP whereas United States is around 9% of its GDP. It created massive demand for the heavy-duty corrugated packaging due to development in the logistic sector to result in ease of production.
Similarly, North America is also growing at fastest speed owing to presence of the leading corrugated box manufacturing companies. As per corrugated Organization in the United States in 2019, there are over 1,154 corrugated manufacturing facilities which employed approximately 100,000 in nearly 1,000 cities and towns.
Further increasing import and and export actvities of the pharmaceticle goods, consumer electronics etc. As per the World Trade Organization in 2018, North America North America's exports and imports activities valued at around US$ 2.56 trillion and US$ 3.56 trillion respectively.
The Heavy-Duty Corrugated Packaging market is moderately competitive with the presence of local as well as global companies. some of the key players which are contributing to the growth of the market include Mondi, DS Smith, Oji Holdings Corporation, Georgia-Pacific, WestRock Company, Smurfit Kappa, Stora Enso, International Paper, Packaging Corporation of America, Vpk Packaging Group, Pratt Industries, SCG PACKAGING, Sonoco Products Company, Rengo Co., Ltd, Elsons International, GWP Packaging, Menasha Packaging Company, Quadwall, U.S. Corrugated, Inc. and among others.
The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the Heavy-Duty Corrugated Packaging market globally. For instance, on 13th Feb 2017, Mondi Group has invested to install new machinery plant for the production of heavy-duty corrugated cardboard at its factory in Piaski, in Poland's western part.
The project will enhance the production capacity by around 200 million square meters per year. Further on 7th July 2020, CCL Industries Inc. has completed the acquisition of the InTouch Label and Packaging Co., Inc based in near Boston, Massachusetts for around US$ 10.9 million.
The global Heavy-Duty Corrugated Packaging market report would provide an access to an approx. 91 market data table, 80 figures and 230 pages.