About the Report
The rising demand for convenience in packaging has been fuelling the demand for multi-depth corrugated boxes. The market will record increasing sales in response to the surging use in transport and packaging services and trading activities. Multi-depth corrugated box manufacturers are adopting innovative and qualitative measures to improve their sales.
Multi-depth corrugated boxes are expected to gain traction as a result of the increasing demand from FMCG, automotive, and electronic industry. The demand for convenient, better quality, and heavy-duty packaging from consumers is driving the market for multi-depth corrugated boxes. Besides this, availability across e-commerce is expected to bode well for the market.
In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors driving demand for multi-depth corrugated boxes. The report tracks the global sales of multi-depth corrugated boxes in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the medical device industry in general, and multi-depth corrugated boxes in particular.
How Historical and Future Outlook of Multi-depth Corrugated Boxes Match Up?
Corrugated boxes originated in England in 1950’s. Initially this sheet was used as a liner for hats and then in 1980’s people started using corrugated material as a support during shipping activities. After 1890, concept of corrugated boxes as a packaging format was established. In the late 1940s, corrugated boxes were used to pack glass and pottery containers and later were used to ship fruits and vegetables from farms to local markets.
However, these boxes have limitations in terms of loading capacity and strength. To overcome these limitations, a concept of specialty corrugated boxes packaging was evolved. For the same, manufacturers did two fold investment in material and product level innovations.
Multi-depth corrugated packaging boxes are considered as a specialty packaging format. These boxes consist of slots for adjusting height of the boxes as per the product packed inside. These type of boxes are gaining significant traction among end users such as food, beverage, electrical, electronics, and many other consumer goods manufacturing industries. In addition to this, high tensile strength and ease of customization, of multi-depth corrugated boxes are driving their consumption.
According to FMI’s analysis, multi-depth corrugated boxes sales have grown at 3.1% CAGR between 2015 and 2019.
The usage of corrugated boxes have increased since then and they are widely utilized across many sectors. Multi-depth corrugated boxes can be recycled as well as re-used for shipping and storage. Besides this, increasing E-commerce platforms are creating additional force for boosting sales of the target product. For instance, online shoppers in the US are expected to be increased by 2.8% in 2021, compared to the number in 2019.
Ecommerce offers various advantages over physical shopping such as hassle-free transactions, cash on delivery, return policies, a variety of choice and saves time. Expansion of the e-commerce is often attributed for remarkable growth in the packaging sector, as shipping of online shopped goods requires adequate packaging and most of it is done in corrugate boxes.
Multi-level corrugated boxes make it easy to ship goods from one place to another, preventing the risk of any damage to packed goods. FMI has forecast the global multi-depth corrugated boxes market to grow at 6.4% CAGR through 2030.
How important is Customization for Multi-Depth Corrugated Boxes?
E-commerce has paved way for customization and fit-to-product (FTP) systems, which enable the primary packaging to be exactly equal to the secondary packaging or the size of the product packed inside it. This avoids the unnecessary usage of bulky boxes to pack small items and also to pack irregularly shaped objects properly.
Customized packaging is the key trend in the packaging market where corrugated boxes could be tailor-made according to customer requirement. Also, printed multi-depth corrugated boxes are set to capture the market in the forecasted period. This is expected to boost multi-depth corrugated boxes since they could be customized according to product dimensions.
The digital printing industry has matured but not in the corrugated sector. Technologies are now developed to address the appearance of multi-depth corrugated boxes by improving printing and labelling processes.
The ‘personalization’ factor has taken over and is compelling top brands to get their boxes tailor-made. Individuals are now demanding packaging with their name, color palette, shapes, and design to suit their requirements. Shopping has been made an experience rather than just a one-time buy situation.
Creators want customers to share their experience with the world on social media which also gives them free testimonial and as a mark of trust from new users. This is also a perfect growth opportunity for digital printers and converters. Hence, there is continuous development in packaging to keep buyers interested in the packaging and sustain brand loyalty.
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Is Sustainability the Need of Hour for Multi-depth Corrugated Boxes?
According to the U.S. Environmental Protection Agency (EPA), sustainability is an important aspect and it exists when humans and nature exist in a harmony to fulfil social, economic and development needs for present and future generations. Corrugated boards are becoming popular in the packaging industry as sustainability has become a key concern. Recycling corrugated boxes are much easier than recycling plastic and other materials. Corrugated boxes are easily biodegradable and could also be re-used easily.
Importance of light-weight packaging has always been a priority in the transportation sector and corrugated boxes provide this to the manufacturers. It is eco-friendly, light-weight and cost-effective, which makes it extremely popular in the packaging market. These qualities have given rise to multi-depth corrugated boxes over other types of packaging alternatives.
Is Recycling a Solution for Cost Reduction of Multi-depth Corrugated Boxes?
The corrugated packaging market is growing at a rapid speed. Changing consumer lifestyle and focus on eco-friendly packaging solutions which is increasing the demand for corrugated box packaging. Increasing demand for recycling and reuse is further expected to create growth opportunities for the target market.
Corrugated material offers several advantages over other packaging material. Manufacturers and consumers looking for solutions which are cost-effective as well as helps in keeping the environment safe find these boxes particularly helpful. Recycling corrugated also material helps manufacturers in reducing the cost of the business.
What is the Regulatory Impact on Global Sales of Multi-depth Corrugated Boxes?
Indian Standard for corrugated fiberboard boxes for packing and transportation has specified two types of material specifications namely Type A and Type B.
Type A boxes are made from 60% pulp containing materials bamboo, hardwood, softwood and reed. Type B boxes are made from 100% waste paper or agricultural waste.
Many other regulatory bodies across the globe have insisted companies and customers to shift to eco-friendly packaging instead of hazardous packaging. This has boosted sales of multi-depth corrugated boxes across the globe.
How attractive is the Opportunity in the U.S.?
North America will remain a highly lucrative market for multi-depth corrugated boxes throughout the forecast period. The reasons for growth in the region include its high customer spending and standard of living. It is expected to exhibit a CAGR of 4.5% through the forecast period.
A survey by PYMNTS concluded that almost 36% of the U.S. shoppers are now buying retail goods online, compared to 29% doing the same until mid-April when most physical retail stores were closed. This is a triumph signal for multi-depth corrugated boxes. Retail and transport markets are consistently growing in America and creating attractive opportunities for corrugate box manufacturers.
Shift to online platforms in the retail sector is already bolstering sales prospects for corrugate boxes in the retail space. The expansion of e-commerce into grocery sector has given impetus to the retail e-commerce market. Corrugated boxes are further used to ship raw materials from manufacturers and also to deliver finished goods to distributors or retailers.
Is Brazil An Important Market For Multi-Depth Corrugated Boxes?
Multi-depth corrugated boxes are primarily manufacture used in small scale industries. E-commerce boon in Latin America will create significant opportunities for multi-depth corrugated box market. Multi-depth corrugated boxes are also widely used in export industry for the transportation of goods.
The major export products from Brazil include automobile, computers, televisions, electronics, LCD’s, and oil & oil products that require safe transportation which can be provided with the help of multi-depth corrugated boxes.
What is Supporting Multi-depth Corrugated Boxes Sales in India?
India is a fast-growing market for e-commerce and retail trade. According to India Brand Equity Foundation, government initiatives such as Digital India, Make in India, Start-up India, and Innovation Funds have played a major role in shaping Indian customers and manufacturers since 2014.
The impact of e-commerce has directly impacted the growth of micro, small and medium enterprises (MSME) in India, not only resulting in GDP growth but also technological advancements.
Technological innovations like digital payments, analytic customer engagements and digital packaging is likely to support the growth of e-commerce and eventually multi-layer corrugated boxes market in the country.
Is France Looking for Innovation in Supply Chain?
Corrugated material remains the most commonly used packaging material in Europe. The growing food industry in France is enabling innovations in packaging and transportation. Corrugated material is a versatile material that can be used for packaging of a wide range of food & beverages, groceries, and other manufactured products.
Materials used in multi-depth corrugated boxes meet the requirement of flexibility and efficiency. These boxes can be tailored to fulfil the rapidly changing demands of the supply chain. Multi-depth corrugated boxes being used once and then recycled which is feasible for both retailer and customer.
How online shopping in China is Creating Demand for Multi-layer Corrugated Boxes?
The rising penetration of the internet and expansion of ecommerce sector have been supporting online shopping through smartphones and tablets in China. Increasing technology-driven and tech-savvy generation has contributed to this in the country.
China holds a dominant position in the global ecommerce landscape. It is home to some of the leading ecommerce platforms such as JD.com, Alibaba, and Pinduoduo contribute towards maximum ecommerce sales in the country. This is one of the chief factors supporting the expansion of the multi depth corrugated boxes market in China.
Category wise Analysis
What’s the Market Share of Food & Beverage Segment?
The food & beverage segment holds the largest market share among end users. Corrugated boxes are being increasingly used for beverage packaging which is one of the key factors driving the segment.
Expansion of e-commerce and the rising demand for sustainable packaging have been increasing demand from the food & beverage sector globally. Food & beverage segment is expected to hold 42.1% of market share in the end use segment by the end of forecast period.
According to FMI, the demand for multi-depth corrugated boxes will be ever high for FMCG Sector in the coming time. While the e-commerce has already boosted the retail sector, digital printing is set to bring innovations and further growth in the multi-depth corrugated packaging market.
Why Up to 80 Lbs. Capacity Multi-Depth Corrugated Boxes Holds the Maximum Market Share?
Projected to account for more than 60% market share throughout the forecast period, multi-depth corrugated boxes up to 80 lbs. will remain dominant. Growth in this segment is dedicated to its wide usage in almost all end use divisions.
What is the Preferred Strength and Board Type for Multi Depth Corrugated Boxes?
Standard corrugated boxes are more preferred. FMI has forecast standard corrugated boxes to lead the market in terms of strength. Based on board type, sales of single wall boxes will continue dominating the market through the course of the forecast period.
Companies operating in the multi-depth corrugated boxes market are aiming at strategic collaborations with software and digital printing service providers to address the requirements of an expanding packaging market.
- On May 2nd 2019, WestRock Company acquired UBS Printing Group, Inc. to intensify its ability to support beauty and personal care industry.
- On 15th April 2019, WestRock Company was honoured with Innovator Award for its work in improving the recyclability of foodservice packaging by Sustainable Packaging Coalition (SPC).
There are a lot of new players entering the market. The internet has enabled the entry of local and small players very easy into the market. Leading players do get a competitive advantage through their experience and expertise. Besides aiming at a competitive advantage, leading players are also focusing on expanding their global footprint. Some of the players are focusing on technological advancements in the corrugated market and upgrading their printing services.
On January 27th 2021, Georgia-Pacific LLC expanded its Hummingbird® digital operations through the purchase of HP PageWide T1190 Press for corrugated packaging printing solutions. HP PageWide T1190 Press is set to deliver 305 meters (1000 feet) of corrugated liner per minute and up to 100 million corrugated boxes per year.
On January 14th 2021, DS Smith Packaging Ltd. installed an EFI™ Nozomi C18000 Plus digital printer in its Lisbon plant. This digital printer allows customizing the corrugated packaging with good quality print and lesser delivery time.
Some of the leading companies operating in the market are:
- Georgia-Pacific LLC
- International Paper
- DS Smith Packaging Limited
- Oji Holdings Corporation
- Pratt Industries, Inc.
- Acme Corrugated Box Co. Inc.
- Great Little Box Company Ltd.
- A.D. Inc. of Milwaukee
- WestRock Company,
- Smurfit Kappa Group Plc
- Uline, Inc.
- Shillington Box Co., LLC.
*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report.
Scope of the Report
Historical Data Available for
USD Million for value and Units for Volume
Key Regions Covered
North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan, Middle East & Africa, and Japan
Key Countries Covered
US, Canada, Germany, U.K., France, Italy, Spain, Poland, Russia, China, South Korea, India, Thailand, Malaysia, Vietnam, Indonesia, Australia, New Zealand, GCC Countries, Northern Africa, South Africa
Key Segments Covered
Capacity Type, Board Type, Strength, End Use, and Region
Key Companies Profiled
Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives
Customization & Pricing
Key Questions Answered in the Report
- Which is the most lucrative market for multi-depth corrugated boxes?
China currently leads the global market for multi-depth corrugated boxes. The presence of several ecommerce giants will continue supporting expansion in the country.
- Which is the top-selling capacity in multi-depth corrugated boxes?
Up to 80 lbs. segment is highly sought-after in the market. The demand for up to 80 lbs. is expected to remain high in the near future, especially due to ease of usage.
- Which are some of the leading companies offering multi-depth corrugated boxes?
Some of the leading companies offering multi-depth corrugated boxes are Georgia-Pacific LLC, International Paper, DS Smith Packaging Limited, Oji Holdings Corporation, Pratt Industries, Inc., and Acme Corrugated Box Co. Inc. among others.
- Which trend is driving sales of multi-depth corrugated boxes?
Digital printing and customization are driving sales of multi-depth corrugated boxes in the global market. Increasing demand for personalized packaging is shaping growth in the market.
Enquiry before Buying
Is this research conducted by Future Market Insights?
Yes, the research has been conducted by expert analysts of Future Market Insights through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to research analyst
What research methodology is followed by FMI?
FMI follows a methodology that encompasses demand side assessment of the market, and triangulates the same through supply side analysis. This methodology is based on use of standard market structure, methods and definitions. Request detailed methodology
Who are the respondents for primary research?
FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. For a full list of primary respondents, please reach out to us.
What are the sources of secondary research?
FMI conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
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Multi-Depth Corrugated Boxes Market by Category
- Up to 80 lbs
- 80 to 180 lbs
- 180 to 300 lbs
- Above 300 lbs
- Single Wall
- Double Wall
- Triple Wall
- Normal (Below 32 ECT)
- Standard (32 ECT)
- Heavy Duty (44 ECT)
- Heavy Duty Double Wall (48 ECT)
- Food & Beverages
- Consumer Electronics
- Home Care & Personal Care
- Glassware & Ceramics
- North America
- Latin America
- East Asia
- South Asia
- Middle East and Africa (MEA)