The global heavy duty corrugated packaging market has witnessed increased interest recent years, resulting in a steady growth at a modest pace. This can be attributed to the growing need for efficient & secured packaging solutions, which has had a positive impact on the heavy duty corrugated packaging market. The study by Future Market Insights on the prospective growth of the market estimates that the global heavy duty corrugated packaging market is likely to grow at a moderate 5% globally, during the course of the forecast period.
The increasing demand for sustainable and environment-friendly packaging from retailers and consumers alike as led to the increase in the acceptance and adoption of packaging. It is extensively used in packaging across industries for foods, beverages, cosmetics, pharmaceuticals among others. They have been popular as they provide distinct advantages such as crush resistance and stacking convenience, which flexible packaging may lack. They are also biodegradable and recyclable, which are also propelling the growth of the heavy duty corrugated packaging market, globally.
Manufacturers in this heavy duty corrugated packaging landscape are increasingly looking into product innovation, that places product safety and integrity into consideration, focusing on durability, requirements catering to the individual needs of several end-use industries. This is in alignment with growing consumer inclination for recyclable and biodegradable packaging, a major underlying trend that has had an increasing influence and is set to shape the evolution of the landscape.
Regional Markets in the Global Heavy Duty Corrugated Packaging Market
According to this report by FMI, the growing e-commerce industry is expected to play a crucial role in the evolution of the heavy duty corrugated packaging market. And as the containerboards get increasingly harder to procure as raw materials and the popularity of paper packaging rises in the regional market in Asia, the overall heavy duty corrugated packaging landscape is expected to witness growth in the current years.
As the scenario currently stands in the heavy duty corrugated packaging landscape, the regional market in Asia Pacific holds a significant share in the global market, due to emergence of China and India as popular markets for paper and paper-based products. This also holds true for Brazil the demand for paper has increased manifold. These markets in emerging countries are expected to hold lucrative opportunities for manufacturers in the heavy duty corrugated packaging market landscape.
Future of the Heavy Duty Corrugated Packaging Landscape
The heavy duty corrugated packaging market is considered relatively fragmented with several established and emergent players crowding the scene. Manufacturers in the landscape are increasingly looking to align themselves to shifting consumer inclination to environmentally friendly packaging, limiting the use of plastics and Polyethylene. This comes alongside government initiatives and regulations that encourage reduction of plastics in packaging, a trend that has also influenced in the evolution of the larger packaging industry, and now trickles into the heavy duty corrugated packaging market.
Manufacturers are also focusing on incorporation of newer materials for the production of heavy duty corrugated packaging, with design innovation at the forefront shaping the landscape in the foreseeable future.
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