Multi-depth corrugated boxes are expected to gain traction in the forecast period due to increasing demands from FMCG, automotive and electronics vertical. The demand for convenient, better quality and heavy-duty packaging from the consumers is driving the market for multi-depth corrugated boxes.
E-commerce is further pushing multi-depth corrugated boxes in the market for shipping and transportation of goods, which is projected to surge in the upcoming period. However, governments’ policies and import duties are bound to create a disparaging situation for multi-depth corrugated boxes market.
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Scope of Multi-Depth Corrugated Box:
Multi-Depth Corrugated Box Market report evaluates the growth rate and the market value based on market dynamics, growth-inducing factors. The complete knowledge is based on the latest industry news, opportunities, and trends. The report contains a comprehensive market analysis and vendor landscape in addition to a SWOT analysis of the key vendors.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in disruptions in import and export activities of Multi-Depth Corrugated Box.
COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets. Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
Competitive Landscape
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. Presence of more number of competitors means a large number of players are competing for the same customer base and resources, therefore keeping up the momentum.
Thus, the rivalry among existing competitors is significantly high.
- 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).
- On January 27, 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 14, 2021, DS Smith Packaging Ltd. installed an EFI
Nozomi C18000 Plus digital printer in its plant based out of Lisbon. This digital printer allows customizing the corrugated packaging with good quality print and lesser delivery time.
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Key Segments Covered in Multi-Depth Corrugated Boxes Industry Research
Multi-Depth Corrugated Boxes Market by Capacity Type:
- Up to 80 lbs
- 80 to 180 lbs
- 180 to 300 lbs
- Above 300 lbs
Multi-Depth Corrugated Boxes Market by Board Type:
- Single Wall
- Double Wall
- Triple Wall
Multi-Depth Corrugated Boxes Market by Strength:
- Normal (Below 32 ECT)
- Standard (32 ECT)
- Heavy Duty (44 ECT)
- Heavy Duty Double Wall (48 ECT)
Multi-Depth Corrugated Boxes Market by End Use:
- Food & Beverages
- Consumer Electronics
- Home Care & Personal Care
- Textiles
- Glassware & Ceramics
- Automotive
- Others
Multi-Depth Corrugated Boxes Market by Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Middle East and Africa (MEA)
- Oceania
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Market Analysis
1.3. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage
2.2. Market Definition
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation Trends
4. Key Success Factors
4.1. Product Adoption Analysis
4.2. Product USPs / Features
5. Global Multi-depth Corrugated Boxes Market Demand Analysis 2016-2022 and Forecast, 2022-2031
5.1. Historical Market Volume ( ‘000 Tonnes) Analysis, 2016-2022
5.2. Current and Future Market Volume (‘000 Tonnes) Projections, 2022-2031
5.3. Y-o-Y Growth Trend Analysis
6. Global Multi-depth Corrugated Boxes Market – Pricing Analysis
6.1. Regional Pricing Analysis
6.2. Pricing Break-up
6.3. Global Average Pricing Analysis Benchmark
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The post Multi-depth Corrugated Boxes Market is expected to reach US$ 882.5 Mn in 2022, likely to surge at a vigorous 6.4% appeared first on Future Market Insights.
