Access TOC
Get a SampleOctober 2024
The global high impact corrugated boxes market size was USD 71.05 billion in 2023, calculated at USD 73.20 billion in 2024 and is expected to be worth around USD 98.56 billion by 2034. The market is slated to expand at 3.02% CAGR from 2024 to 2034.
The global high impact corrugated boxes market size is worth around USD 73.2 billion in 2024 and is anticipated to reach around USD 98.56 billion by 2034, growing at a CAGR of 3.02% over the forecast period 2024 to 2034. The high impact corrugated boxes market is proliferating due to the increasing business of food and beverages, cosmetics, and several e-commerce companies that require high-impact corrugated boxes for packaging.
High Impact Corrugated Boxes Market: Sturdy Packaging
The high impact corrugated boxes market plays a significant role in the packaging industry, and it is driven by its sturdiness, budget-friendly, and durable properties. Such sturdy boxes are manufactured to deliver heavy and fragile products such as electronic items, glass materials, automotive spare parts, and many others. These packaging are safe to transport, handle, and store due to its manufacturing process.
The rising trade worldwide and the demand for logistics are also driving this market rapidly. Such boxes can be customized according to requirements in shape, size, stiffness, and various other aspects, and this quality makes it preferable for a wider range of businesses. These boxes are both safe and eco-friendly, so they are preferred by many in the high impact corrugated boxes market.
McDonald’s Partnership on Manufacturing Eco-Friendly Corrugated Boxes
In September 2023, EDF and McDonald's collaborated with multiple companies to develop sustainable boxes. The collaborations intend to bring innovative ideas to develop economic and environment-friendly corrugated boxes. Maximum waste was generated during food preparation and mainly in supply systems. From there, McDonald's collaborated with EDF to analyze the solid waste production in the restaurant, supply, and distribution center.
As a result of the analysis, it eliminated over 300 million pounds of packaging, which comprises polystyrene clamshells, and started recycling corrugated boxes that helped to reduce approximately 30% of the waste generated in the restaurant. With the collaboration, multiple companies helped to bring innovative ideas that resulted in the reduction of huge waste generated by all sectors, such as distribution, production, and supply of the products. Multiple market players come up with ideas that are low in charge and biodegradable and add positive reviews from consumers.
How Can AI Improve the High Impact Corrugated Boxes Market?
Artificial intelligence can profoundly boost the high impact corrugated boxes market in multiple ways, such as manufacturing, market analytics, customized designs, and many other ways. AI analysis can be used for huge data sets, together with customers' preferences, market movements, and brand strategies, permitting designers to manufacture unique and appealing packaging corrugated boxes. Replications help imagine the appearance of the packaging boxes in diverse environments, saving resources and time while confirming it reverberates with the aimed customers. The influence of artificial intelligence spreads to engineering, where AI systems fortified with computer images rapidly notice errors in corrugated box materials, reducing unused and product memories.
Additionally, artificial intelligence enhances corrugated box packaging measures, capitalizes on material custom, and drops additional, resulting in budget savings and improved sustainability. Artificial intelligence transforms packaging logistics by increasing the weight capacity in shipping trucks, decreasing packaging substance supplies, and reducing the carbon footprint of every item. This supportable method lines up with the concept of a triple bottom line, which is economic, environmental, and social success. The integration of AI in the high impact corrugated boxes market impacts the growth of the market by manufacturing the kind of product that is in high demand by customers. Its analytics can help to understand the market demand and customize products according to customers.
| Report Coverage | Details |
| Market Size by 2034 | USD 98.56 Billion |
| Market Size in 2024 | USD 73.2 Billion |
| Market Growth Rate from 2024 to 2034 | CAGR of 3.02% |
| Largest Market | Asia Pacific |
| Base Year | 2024 |
| Forecast Period | 2024 to 2034 |
| Segments Covered | Product Type, Board Type, End-Use, and Regions |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
Expansion of e-commerce business worldwide
The rising trend for online shopping raises the demand for corrugated boxes for the shipping of products. A faster delivery system has the risk of damaging products. For such cases, a durable box found in corrugated boxes for the safe transit of products is essential. With the growth in the e-commerce sector, the requirement for the growth of reliable packaging material has also been raised. Sustainable packaging boxes include the strategy of packaging goods and procedures that decrease the risk of unsafe shipping and reduce the usage of undesirable products by using eco-friendly materials. Various high impact corrugated boxes market players manufacture boxes according to customers' requirements.
| Companies Name | Years in the Industry |
| Shree Parshwanath Packaging | Since 2014 |
| JoPack Private Limited | Since 2019 |
| Box Makers India | Since 2007 |
| Marudhar Packaging | Since 2000 |
| A-One Packaging | Since 2009 |
| T-Prints Fab | Since 1995 |
| Scan Line Prints Pvt Ltd | Since 1998 |
| Lathikasri Packaging | Since 2008 |
| Print Branch | Since 1984 |
| Ramya Reprographic | Since 1994 |
Growing competition and expensive raw material charges
The main challenges and restraints in the high impact corrugated boxes market comprise explosive raw material charges, severe environmental guidelines, and growing competition from the other sectors. The unstable raw substance charges are a main task for the producers as they have to continuously regulate their charges to persist competitively. The strict environmental guidelines are a task as they hinder the making and use of specific materials and chemicals. The growing struggle from the unknown segment is a task as they deliver lower charges and advanced quality products. Decreasing interest among people in spending huge amounts on packaging boxes declines the market demand.
Rising safety delivery concerns of the e-commerce business
The high impact corrugated boxes market experienced major growth due to various significant opportunities. The main reason for the growth of the market is the rising retail business that enhances the demand for protective and durable packaging boxes due to the safety of the products. The increasing trend for online shopping is expanding the opportunities for manufacturing superior-quality boxes to fulfill the requirements of the market. Manufacturing sustainable, recyclable, and bio-degradable corrugated boxes also expands the scope of the market players.
The shifting of people to using eco-friendly products leads to manufacturing such as corrugated box packaging. Enhanced quality boxes result in highly satisfied reviews from the customers side, leading the market players to manufacture such products with more advancement. The incorporation of NFC technologies and IoT helps to track real-time reviews and improves interaction with customers, making the packaging sector informative.
The slotted boxes dominated the high impact corrugated boxes market in 2023. Slotted boxes are considered the most common style of boxes used in the packaging and delivery sector. These are highly effective designs and suitable in most of the product delivery, so the demand is high, and the scope to expand in this market is also high.
The slotted boxes have same-length flaps, and two flaps on the outer side are half the width to close the box properly. Slotted boxes have a simple design with easy closing and opening flaps that boost their demand in the packaging market. These are useful for various applications such as storage, shipping, and many others due to their simple design and transfer of products safely without any risk of damage. The rising demand is also due to the availability of multiple sizes and less weight, which is the major requirement in most packaging and delivery companies. Such boxes can be easily assembled and efficiently in multiple ways, such as shipping charges, less storage, and space application.
The single wall board segment is expected to grow at a significant rate in the high impact corrugated boxes market during the forecast period. These kinds of corrugated boxes are available in a single layer of corrugated medium inserted between two liners. This pattern provides a balance between both flexibility and strength. The property of such a single-face board is protected from damage by cushioning that gives assurance while packing and transporting delicate items.
It has effective impact resistance quality, which reduces the risk of transportation of substances such as electronic items, pharmaceutical products, glass items, and many other things. Compared with two or three-layered wall corrugated board, it requires fewer materials to manufacture, which makes it lighter in weight and less expensive. Due to fewer manufacturing charges, it becomes suitable for market players who require good quality, reliable packaging wraps at an affordable price. Moreover, its flexibility to several customized options and sizes makes it preferable for a variety of businesses that require such packaging options that can help promote their brand as well as protect products.
The food & beverage segment dominated the high impact corrugated boxes market in 2023. This industry needs high-quality, strong packaging boxes for the proper and safe delivery of expensive and delicate items. Continuous advancements in technology and the rising demand for electrical items worldwide are raising the trend of these packaging products. Due to customization options and the demand for electronic products in the e-commerce industry, the requirement for packaging boxes is high in this market.
Asia Pacific dominated the high impact corrugated boxes market in 2024. The growing trend for online shopping in countries like India, China, Japan, and South Korea from various e-commerce sites has led to the increasing demand for corrugated boxes in the region. E-commerce businesses use a large number of packaging boxes. The growth in e-commerce is driven by people choosing online shopping over offline due to time constraints. Many more are directly linked to the growth of the Asia Pacific market.
North America is expected to grow at the fastest rate in the high impact corrugated boxes market during the forecast period. Growing demand for online ordering systems in this market is gradually increasing due to factors such as rising economic conditions, urbanization, population, start-up businesses, and many others. The demand for these corrugated boxes is increasing in the region as they are cost-effective and provide high-quality protection for any kind of delicate substance, which makes them suitable for shipping.
The major market players available in North America are focused on manufacturing innovative and best-quality boxes with sustainability and flexibility, which can be used by a wide range of customers. In countries such as the U.S. and Canada, the major market players Deluxe Packaging, Inc., Associated Bag Milwaukee, Volk Packaging Corporation Biddeford, Opus Packaging Caledonia, and many others coming up with new ideas to develop ecofriendly and recyclable boxes without compromising the quality of it.
Europe holds a notable share of the global high impact corrugated boxes market. Sustainable packaging is drawing huge attention from people across the world as awareness of the environment is growing. Business owners, as well as customers, are seeking eco-friendly products, so there is a huge demand for such boxes. Biodegradable and recyclable corrugated boxes are in high demand for sustainable packaging. Some of the major guidelines associated with packaging in this region maximize the production of sustainable corrugated box packaging.
There are several European players, such as Ramya Reprographic Pvt. Ltd, TGI Packaging Pvt. Ltd., Canpac Trends Pvt. Ltd., Shanthi Packaging, Vihaa Print and Pack Pvt. Ltd, Aaradhya Enterprise, Hariwansh Packaging Pvt. Ltd., and many others are progressively working on the corrugated boxes market manufacturing.
High Impact Corrugated Boxes Market Companies
By Product Type
By Board Type
By End-Use
By Geography
For questions or customization requests, please reach out to us at sales@precedenceresearch.com
No cookie-cutter, only authentic analysis – take the 1st step to become a Precedence Research client
October 2024
May 2024
February 2024
August 2024