The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

 

The corrugated handle box market has experienced steady growth, reflecting the evolving dynamics of modern commerce. From $44.62 billion in 2023, it is anticipated to reach $46.47 billion in 2024, with a Compound Annual Growth Rate (CAGR) of 4.2%.

 

Historic Growth Drivers

• Rapid urbanization, modernization, and globalization.
• Increased environmental awareness.
• Growth of the e-commerce sector.

 

Anticipating Robust Growth Ahead

Projected Expansion

• Expected to surge to $58.09 billion in 2028.
• A noteworthy CAGR of 5.7% suggests robust growth prospects.

Future Growth Catalysts

• Evolving environmental regulations.
• Increasing demand for eco-friendly packaging.
• Rising need for streamlined operations.
• Expanding population.
• Emerging economies playing a crucial role.

 

Emerging Trends in the Forecast Period

Strategic Collaborations

• A key trend in the forecast period.
• Companies aligning to enhance product offerings and market reach.

Geographical Expansion

• Emphasis on expanding market presence globally.
• Targeting diverse geographical regions for market penetration.

Advancements in Manufacturing Processes

• Innovations in manufacturing for enhanced efficiency.
• Technology-driven solutions to streamline production processes.

Technological Solutions

• Integrating technology for improved packaging solutions.
• Adopting digital printing, flexography printing, and lithography printing.

 

The Impact of Online Shopping Trends

Online Shopping Boom

• The surge in online shopping is a significant driver for the corrugated handle box market.
• Corrugated handle boxes play a vital role in storage and transit for online retail.

Transformative Predictions

• According to NASDAQ, it’s predicted that 95% of all UK purchases will be made online by 2040.
• Reflecting the transformative impact of online shopping on consumer behavior.

Key Market Players

• Leading companies driving the market include Reid Packaging, Allen Field Company Inc., Unicraft Industries, and more.

 

Read The Full Corrugated Handle Box Market Report Here:
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Innovations Driving Market Leadership

VPK Group’s Fit2Size Brand

• VPK Group introduces Fit2Size for fanfold corrugated packaging solutions.
• Sustainable packaging tailored to customer needs.

Menasha Packaging’s Strategic Acquisition

• Menasha Packaging acquires Color-Box from Georgia-Pacific LLC in July 2022.
• Strengthening geographical presence and expanding product offerings.

 

Market Segmentation

Diverse Materials

• Kraft Paper, Container Board, Corrugated Board, Recycled Paper, Molded Fiber Pulp, and Other Materials.

Printing Technologies

• Digital Printing, Flexography Printing, Lithography Printing.

Varied End Users

• Agriculture, Chemicals, Food and Drink, Pharma, Personal Care, Retail, and Other End Users.

 

Regional Dynamics

Asia-Pacific Leading the Way

• Asia-Pacific emerged as the largest region in the corrugated handle box market in 2023.
• Indicates the region’s prominence in driving market growth.

 

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The Corrugated Handle Box Global Market Report 2024  provides an overview of the corrugated handle box market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The corrugated handle box market forecast analyzes corrugated handle box market size, corrugated handle box market share, leading competitor and their market positions.

 

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