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The report provides an expert and in-depth analysis of key business trends and future market development prospects, key drivers and restraints, profiles of major market players, the Heavy Duty Corrugated Packaging Market scenario, regional presence, and development opportunities, segmentation, and forecast. By taking into account significant aspects such as revenue, cost, and gross margin, the Global Heavy Duty Corrugated Packaging Market analysis report provides a comprehensive review of product specification, product type, production analysis, and technology.
The global heavy duty corrugated packaging market is set to account for a valuation of US$ 19.9 Bn in 2022, and further expand at a CAGR of 5% to reach US$ 28.1 Bn by the year 2029.
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Shipping containers are usually made of heavy-duty corrugated packaging. Food, beverages, cosmetics, medications, dangerous chemicals, and other things are frequently packaged in this manner. 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.
Sales of heavy-duty corrugated packaging are benefiting from the 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 in the near future encourage the use of recycled paper packaging products such as heavy-duty corrugated packaging. In the last year and a half, the global market for heavy duty corrugated boxes has seen extraordinary price increases. The supply of raw material, such as containerboard, is still a problem for the heavy-duty corrugated packaging business.
Paper packaging markets in countries such as China, India, and Brazil are rapidly expanding, with demand having multiplied several times in the last ten years, boosting the heavy duty corrugated packaging market throughout the projection period.
Key Segments of Heavy Duty Corrugated Packaging Industry Research
Heavy Duty Corrugated Packaging Market by Product Type:
Heavy Duty Corrugated Packaging Market by Board Type:
Heavy Duty Corrugated Packaging Market by Capacity:
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Heavy Duty Corrugated Packaging Market by End Use:
Heavy Duty Corrugated Packaging Market by Region:
Strategic M&A Enabling Market Players to Expand in Developing Regions
Vendor landscape remains highly splintered in the global heavy duty corrugated packaging market. Key players in the heavy duty corrugated packaging market such as Mondi Group, Smurfit Kappa Group, and DS Smith are the most active acquirers in the corrugated industry. The companies are focusing on expanding their footprint in developing countries of Asia Pacific and Latin America regions through mergers and acquisitions in the heavy duty corrugated packaging market.
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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The post Heavy Duty Corrugated Packaging Market to Expand at a CAGR of 5% to Reach US$ 28.1 Bn by the year 2029 appeared first on Future Market Insights.
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