Heavy Duty Corrugated Packaging Market

Heavy Duty Corrugated Packaging Market: Flourishing Retail & Consumer Goods to Generate Substantial Demand: Global Industry Analysis 2014-2028 and Opportunity Assessment 2019-2029

  • 2019-06-13
  • REP-GB-4299
  • 41 Tables
  • 115 Figures
  • 238 pages
  • PDF PPT EXCEL
 Heavy Duty Corrugated Packaging Market
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Heavy Duty Corrugated Packaging – The Future Lies in Retail Industry

The budding retail industry is anticipated to boost the heavy duty packaging market. A paradigm shift of traditional grocery market to contemporary retail formats such as modern trade has been a creating a high demand for a wide-range of heavy duty corrugated products. However, to some extent, the bottom dropped out of the market when steel & plastic drums and IBCs arrived on the scene.

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heavy duty corrugated packaging snapshot

Heavy Duty Corrugated Packaging Market - Key Research Findings 

  1. The global heavy duty corrugated packaging market size in 2019 is estimated to be over US$ 17 Billion.

  2. The heavy duty corrugated packaging market is expected to expand at a CAGR of approximately 5% over the forecast period.

  3. The European region accounts for nearly one-fourth of the global heavy duty corrugated packaging market. According to European Corrugated Packaging Association FEFCO, more than 40% of the corrugated products are used by the food industry.

  4. Among board type, double wall board is estimated to be prominent in the market throughout the forecast period with market share of more than half in the heavy duty corrugated packaging market.

    1. Features such as durability and extra padding offered by double wall boards ensure safety of heavy goods during transit.

  5. Key manufacturers in the heavy duty corrugated packaging market are strengthening their market presence by acquiring their regional competitors in the market.

    1. Mondi Group acquired LLC Beepack corrugated packaging company based in Lebedyan, Russia.

  6. Corrugated boxes are estimated to be the sig product in the heavy duty corrugated packaging market. Corrugated boxes provide crush resistance and adequate strength for stacking in warehouses. These boxes give buyers the leverage of using them for various size requirements, thus reducing inventory and optimizing cost management. Pallet boxes account for more than a quarter of the total market share in 2019. 

heavy duty corrugated packaging market

Key Factors Shaping the Global Heavy Duty Corrugated Packaging Market 

  1. Budding Retail Sector is a Major Driver for the Growth of the Heavy Duty Corrugated Packaging Market

Over the years, superstores were the only choice available to consumers for shopping, especially in urban regions. In addition, many developing countries now permit foreign direct investment in the retail sector. This is anticipated to boost the sales of POP displays in the heavy duty corrugated packaging market in the near future.

  • For instance, in India, the Organized Retail Penetration (ORP) was 8% in 2014, which is estimated to grow to 15% by 2020. 

  1. Growing Usage of Heavy Duty Electrical & Electronic Goods to Drive Market Growth

The increasing demand for electronic and electrical appliances such as washing machines, microwaves, etc. is driving the growth of the heavy duty corrugated packaging market. For the shipment of such electronic products, safe and secure packaging is required, which is given by heavy duty corrugated packaging. As the electronic industry is witnessing a boom in developing countries such as India and China, the demand for shipment of flexible items is also expected to increase. This increase in demand for electronic products is expected to fuel the global heavy duty corrugated packaging market during the forecast period. 

Global Heavy Duty Corrugated Packaging Market—Structure Analysis

  • The global heavy duty corrugated packaging market is highly splintered due to the presence of several regional players.

  • Some of the major players in the market are Oji Holdings, Smurfit Kappa Group Plc. DS Smith, Mondi Group, International Paper Company, and WestRock.

  • Tier 1 market players in the heavy duty corrugated packaging are either enhancing their product portfolio or extending their manufacturing capacity in order to cater to the current demand in the market. For instance,

    • Few years back, Oji Holding Corporation announced the construction of a corrugated container factory in Vietnam.

Market to Grow 1.7x between 2019 and 2029

The heavy duty corrugated packaging market is anticipated to witness progressive growth during the forecast period. Gains remain driven by rising demand from food industry which is undergoing rapid expansion to sustain the needs of a growing populace. In addition, increasing adoption of rigid packaging and consumers’ quest for sustainable packaging solutions will continue to be key growth influencers of the market.

Emerging Markets Hold Promising Opportunities

The penetration of heavy duty corrugated packaging market is relatively high in developing countries of Asia Pacific as compared to developed regions. With the emergence of East Asia as a strong market for food & beverages and consumer electronics, the heavy duty corrugated packaging market is expected to grow and seek remunerative opportunities in the region.

* This data is only a representation. Actual data may vary and will be available in report.

Emerging Markets Hold Promising Opportunities
Emerging Markets Hold Promising Opportunities
Emerging Markets Hold Promising Opportunities
Emerging Markets Hold Promising Opportunities
  • 2014
  • 2018
  • 2022
  • 2029
  • Arrow

The FMI Perspective

Demand for enhanced capacity in food industry has compelled heavy duty corrugated packaging manufacturers to implement belt tightening strategies so as to optimize their efficiency. Investment in R&D activities to enhance properties of the products remain a key focus area of the manufacturers. Key market participants will also continue to focus on expanding product portfolios and strengthening their geographical footholds through mergers & acquisitions.

Maximum capitalization from food & beverages industry

Demand from consumer electronics industry to increase at a significant

Corrugated boxes will continue to remain the top selling category

POP display sales is likely to grow 2X by 2029

How Growth will Unfold

Corrugated boxes will continue to maintain lead over their counterparts, for their excellent crush resistance and high strength, whereas penetration of superstores will push the demand for POP displays.

Corrugated Boxes | Octabins | POP Displays

 Heavy Duty Corrugated Packaging Market  Heavy Duty Corrugated Packaging Market  Heavy Duty Corrugated Packaging Market

* This data is only a representation. Actual data may vary and will be available in report.

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Overview

Heavy Duty Corrugated Packaging Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029

A recent market study published by FMI, “Heavy Duty Corrugated Packaging Market: Global Industry Analysis 2014-2018 & Forecast 2019-2029” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical, as well as current growth parameters of the heavy duty corrugated packaging market, the growth prospects of the market are obtained with maximum precision.

Heavy Duty Corrugated Packaging Market Taxonomy

The global heavy duty corrugated packaging market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

By Product Type

  • Corrugated Boxes
    • Pallet Boxes
    • Single Cover Boxes
    • Double Cover Boxes
    • Telescopic Boxes
    • Liquid Bulk Boxes
    • Slotted Boxes
    • Others
  • Octabins
  • High Performance Totes
  • Vegetable Totes
  • Pallets
  • POP Displays
  • Others (Edge Protectors, etc.)

Board Type

  • Single Wall
  • Double Wall
  • Triple Wall

Capacity

  • Up to 100 lbs.
  • 100 to 300 lbs.
  • Above 300 lbs.

End Use

  • Food & Beverages
  • Chemicals
  • Consumer Electronics
  • Cosmetics & Personal Care
  • Healthcare
  • Textile
  • Glassware & Ceramics
  • Automobile
  • Homecare
  • Others

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

What's Included

The report commences with the executive summary of the heavy duty corrugated packaging market, which includes a summary of the key findings and statistics of the market. It also includes dominating segments in the global heavy duty corrugated packaging market, along with key facts about plastic heavy duty corrugated packaging. It also includes graphical representation of the segments according to market size and growth rate.

Readers can find detailed taxonomy and definition of the heavy duty corrugated packaging market in this chapter, which will help them understand the basic information about heavy duty corrugated packaging present in the market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the heavy duty corrugated packaging market report.

The report provides key market trends that are expected to impact market growth significantly in the upcoming years.

This section includes a comparative analysis of different oriented packaging films. Along with the promotional strategies being used by tier 1 manufacturers and features, which set heavy duty corrugated packaging apart.

This section explains the global market value & volume analysis and forecast for the heavy duty corrugated packaging market between the forecast period 2019-2029. It includes the detailed analysis of the historical heavy duty corrugated packaging market, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2019 – 2020), and an incremental opportunity for the forecast period (2019 – 2029).

This section highlights the average pricing analysis of various board type of heavy duty corrugated packaging, in different regions across the globe. The weighted average pricing at the manufacturer-level is analyzed in this section.

This chapter explains the key macro-economic factors that are expected to influence the growth of the heavy duty corrugated packaging market over the forecast period. Along with macroeconomic factors, this section also highlights the opportunity analysis for the heavy duty corrugated packaging market. This chapter also highlights the key market dynamics of the heavy duty corrugated packaging market, which include the drivers and restraints. Moreover, readers will understand the key trends followed by the leading manufacturers in the heavy duty corrugated packaging market. This section also covers Porter’s analysis, as well as the PESTLE analysis for the global heavy duty corrugated packaging market.

Based on board type, the heavy duty corrugated packaging market is segmented into below single wall, double wall, and triple wall. In this chapter, readers can find information about key attractive segments during the forecast period.

Based on product type, the heavy duty corrugated packaging market is segmented into boxes, octabins, HPT, vegetable totes, pallets, and others. In this chapter, readers can find information about key segments during the forecast period.

Based on capacity, the heavy duty corrugated packaging market is segmented into below 100 lbs., 100-300 lbs., and above 300 lbs. In this chapter, readers can find information about key segments during the forecast period.

This chapter provides details about the heavy duty corrugated packaging market on the basis of end-use industry, and has been classified into food, beverages, cosmetics & personal care, consumer electronics, pharmaceuticals, textile, healthcare, automobile, glassware and ceramics, and others (edge protectors, etc.).

This chapter explains how the heavy duty corrugated packaging market is expected to grow across various geographical regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa (MEA).

This chapter includes a detailed analysis of the growth of the North American heavy duty corrugated packaging market, along with a country-wise assessment that includes the U.S. and Canada. Readers will also find some key points on the basis of estimated market size and consumption of heavy duty corrugated packaging.

Readers can find detailed information about several factors, such as the pricing analysis and the regional trends, which are impacting the growth of the Latin America heavy duty corrugated packaging market. This chapter also includes the growth prospects of the heavy duty corrugated packaging market in leading LATAM countries such as Brazil, Mexico, Argentina, and the Rest of Latin America.

Important growth prospects of the heavy duty corrugated packaging market based on product type and the end-user industry in several countries, such as Germany, the UK, France, Spain, Italy, Russia, BENELUX and the Rest of Europe, are included in this chapter.

India, Indonesia, Thailand, and Malaysia are the leading countries in the South Asia region that are the prime subjects of assessment to obtain the growth prospects of the South Asia heavy duty corrugated packaging market in this chapter. Readers can find detailed information about the growth parameters of the South Asia heavy duty corrugated packaging market during the period 2019-2029.

This chapter highlights the growth of the heavy duty corrugated packaging market in East Asia by focusing on China, Japan, and South Korea. The section also highlights data points regarding the growth of the heavy duty corrugated packaging market in the East Asian region.

In this chapter, Australia and New Zealand are among the leading countries in the Oceania region, which are the prime subjects of assessment to obtain the growth prospects of the Oceania heavy duty corrugated packaging market.

This chapter provides information about how the heavy duty corrugated packaging market will grow in major countries in the MEA region such as GCC Countries, South Africa, Turkey, Northern Africa, and the rest of MEA, during the forecast period 2019 - 2029.

In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the heavy duty corrugated packaging market along with their market presence analysis by region and product portfolio.

In this chapter, readers will find a comprehensive list of all leading manufacturers in the heavy duty corrugated packaging market, along with detailed information about each company, including company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are 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.

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the heavy duty corrugated packaging report.

This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information about the heavy duty corrugated packaging market.

How the research was conducted?

Primary Research

Primary research interviews with key opinion leaders and other participants were conducted for data collection and validation of the below information:

  • Key Segments in the Heavy Duty Packaging Market
  • Market Share Analysis
  • Average Selling Price (US$) and Market Growth
  • Comparative Analysis of Several Heavy Duty Packaging Products Present in the Market
  • Market Size
  • Key Trends & Developments
  • Competition & Key Vendor Strategies

Secondary Research

  • Corrugated Packaging Association (FEFCO)
  • Industry Journals
  • Plastics Europe
  • Food Service Packaging Industry Growth
  • Annual Reports/SEC filings/Investor Presentations

Primary Interview Splits

Primary Research Interview Splits

To Learn More About our Comprehensive Perspective on Heavy Duty Corrugated Packaging Market,

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Akshay Godge

Akshay Godge

Client Partner - Global Business Development

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