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Corrugated Handle Box Market By Material (Kraft Paper, Containerboard, Corrugated Board, Recycled Paper, Molded Fiber Pulp, Others) By Capacity (< 5kg, 5 to 15 kg, > 15 to 30 kg, > 30 to 45 kg, > 50 kg) By Pattern (Plain, Printed) By end use (Agriculture industry, Chemical industry, Food and Beverages, Pharmaceuticals and Personal Care, Retail industry, Commercial industry, Other industries) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2028

About this report

The Global Corrugated Handle Box Market report explores the critical analysis of the Corrugated Handle Box industry using key parameters. The report consists of investment strategies, the need for investments in the Corrugated Handle Box industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the Corrugated Handle Box industry, as well as how economic and non-economic barriers are helping the Corrugated Handle Box market. Moreover, the report analyses the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

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Key Highlights of the report

How are the major segments performing in the Corrugated Handle Box Market?

  • In 2021, the corrugated board will be the leading segment based on the material because of its growing use in the retail and food and beverage industries.
  • In 2021, the 5 to 15 kg segment will lead the market for supplementary packaging in the retail and food and beverage industries.
  • In 2021, the plane will be the leading segment based on the pattern because of its increased use in the food and beverage and retail industries.
  • In 2021, food and beverages will be the leading segment based on the end user since these cartons are regularly used in secondary packaging for food transportation.

Which region dominated the Corrugated Handle Box Market?

In 2021, Asia Pacific was one of the major contributors to the global corrugated handle box market because of increased manufacturing industries, industrialization, and greater personal disposable income. The growing e-commerce business and the retail industry, particularly in China and India, are likely to fuel demand for corrugated handle box in the area throughout the projection period. 

What is the competitive environment of the Corrugated Handle Box Market?

The corrugated handle box market, which is quite competitive and has several reputable companies, appears to be fragmented. To increase their competitive share, industry participants implement strategic activities like mergers and acquisitions, collaboration, expansion, and product/technology launches. The main actors aim to create manufacturing methods that are less expensive, faster, and wasteful. For instance, in July 2020, a recyclable temperature-control box called Tempcell ECO was introduced by Softbox Systems Ltd. (the U.K.), a provider of temperature control packaging solutions for the pharmaceutical, cold chain logistics, and life science industries. It uses the company's Thermaflute plastic-free insulation technology and is made entirely of corrugated cardboard amidst expanding trash reduction, reuse, recycling, and recovery activities. Because of this, the TCP solution was created to focus on using less material without requiring specialized recycling. Similarly, in October 2019, a new returnable packaging solution for the corrugated box was introduced, according to GWP Group, a company specializing in reusable packaging and materials handling.

Executive Summary

How has using corrugated handle box impacted the market growth in the packaging sector?

The packaging options used to package and move products conveniently are corrugated handle boxes. The box with corrugated handles is strong, lightweight, and has printing capabilities. Various industrial verticals employ corrugated handle boxes because they offer essential product protection. Environmentally friendly packaging options include a corrugated handle box. Expanding the packaging and e-commerce sectors is responsible for the market's growth. The main purposes of the corrugated box are the careful handling and safe transportation of items. Additionally, the industry is growing as corrugated boxes are used in packaging solutions. Additionally, the market is increasing at an even faster rate due to the rise of food franchises and consumer preference for takeout.

Which are the key investments by the players in the Corrugated Handle Box Industry Market?

Many in the industry believe this market is profitable and has a high CAGR. They are utilizing this by making significant research and development investments. As a result, a new generation of corrugated handle boxes is emerging that surpasses the capabilities of earlier generations in terms of safety, strength, durability, and inventive uses. When businesses make significant investments in R&D, they broaden their horizons because they may create safer, newer, and more inventive corrugated handle boxes. For instance, in September 2019, a brand-new, cutting-edge 2.5 m BHS corrugator was installed by CBS Packaging at our completely integrated plant in Birmingham.

Some of the major players in the market are Reid Packaging, Allen Field Company, Inc., Unicraft, Guangzhou Bosing Paper Printing and Packaging Co., Ltd., GWP Group, WH Skinner, CBS Packaging, Shanghai Forests Packaging Group Co., Ltd., HOOCING Packaging and Riverside Paper Co., Inc.

What are the Major Driving Factors for the Corrugated Handle Box Market?

Corrugated handle box market value is rising due to urbanization, modernization, and globalization. The corrugated handle box market value will increase due to rising transportation infrastructure improvements, increased accessibility to sustainable packaging options, and accelerating the development of flexible packaging options. Rising research and development capabilities, rising consumer awareness of the benefits of corrugated handle boxes, rising purchasing power with higher living standards, rising technological advancements in packaging equipment and technology, rising production of recyclable and biodegradable packaging solutions, increased proliferation of the e-commerce industry, rising environmental safety concerns, and rising consumer concerns about contamination.

What are the Major Risks for the Corrugated Handle Box Market?

Due to liquescent kinds causing harm to the stored products, such as a corrugated handle box, and the handles being damaged if excessive force is given to the box, this can operate as a restraint on demand for a corrugated handle box. These boxes are more expensive because they are produced from recycled materials, which are becoming more difficult to obtain, limiting market expansion. The most difficult problem for people in the market is maintaining the pricing of these boxes reasonably while expanding production and developing safer, stronger, and more inventive units.

Which is the Key Material in the Corrugated Handle Box Market?

Based on material, the corrugated handle box market is segmented into kraft paper, containerboard, corrugated board, recycled paper, molded fiber pulp, and others. In 2021, the corrugated board category accounted for the largest market share in the global corrugated handle box market. It was expected to grow at the fastest rate during the assessment period. Corrugated board is in high demand because of its rising applications in the retail and food & beverage sectors, primarily utilized in secondary packaging for transporting goods.

How is the Corrugated Handle Box Market performing in regions?

In 2021, the global corrugated handle box market was dominated by the Asia Pacific since there were more manufacturing companies, there was more industrialization, and people had more money to spend. The highest market share can be attributed to the booming e-commerce sector, supported by the enormous demand for online shopping and rising cross-border trade. Additionally, the retail industry in nations like China and India drives market demand. The market in Asia-Pacific is also being driven by the rising use of the corrugated-handled box for the packaging and shipping of food, beverages, and electrical goods. India Corrugated boxes are mostly sold in China, Indonesia, and Japan.

Besides, the North American region is expected to grow significantly over the forecast period. Tier 1 corrugated handle box producers like Allen Field Company, Inc. (the U.S.), Reid Packaging (the U.S.), Riverside Paper Co., Inc. (the U.S.), and Planet Paper Box Group, Inc. are the market's main drivers (Canada). These firms boost their market positions through strategic agreements to increase their global footprint and create fresh packaging options for their clients. We control the majority of the regional market. 

What are the major players planning for the future of the Corrugated Handles Box Market?

Smurfit Kappa is implementing digitalization in the market for corrugated handle boxes by creating a variety of new products. Smurfit Kappa, a prominent producer of corrugated packaging solutions, improved the corrugated industry by introducing digitization. There are several advantages to graphic design tailored to each customer, including higher sales and more flexibility. The corporation is looking forward to stepping up its environmental initiatives in addition to creating new technologies and enhancing those that already exist. These innovations accelerate the digitalization of paper-based packaging, opening up significant prospects for the growing corrugated box market.

What is the Market Size of Corrugated Handle box regarding value?

The Corrugated Handle Box Market is anticipated to grow at a substantial CAGR of 4.40% in the upcoming years. The Global Corrugated Handle Box industry was estimated to be worth USD 36.7 billion in 2021 and was expected to be worth USD 47.52 billion by 2028.

What effect does COVID-19 have on the market for Corrugated Handle box?

The COVID-19 outbreak has impacted the global market for corrugated handle boxes. The packaging sector was badly damaged by the recession that followed the outbreak. The COVID-19 pandemic-related supply chain interruptions and the high cost of recycling will slow the corrugated handle box market's expansion. The growth rate of the corrugated handle box market will also be slowed down by fluctuations in the price of raw materials and their unsuitability for liquid packaging goods.

Segmentation of Global Corrugated Handle Box Market-

Global Corrugated Handle Box Market – By Material 

  • Kraft Paper
  • Containerboard
  • Corrugated Board
  • Recycled Paper
  • Molded Fiber Pulp
  • Others

Global Corrugated Handle Box Market – By Capacity

  • < 5kg
  • 5 to 15 kg
  • > 15 to 30 kg
  • > 30 to 45 kg
  • > 50 kg

Global Corrugated Handle Box Market – By Pattern

  • Plain
  • Printed

Global Corrugated Handle Box Market – By end use

  • Agriculture industry
  • Chemical industry
  • Food and Beverages
  • Pharmaceuticals and Personal Care
  • Retail industry
  • Commercial industry
  • Other industries

Frequently asked questions about the global Corrugated Handle Box industry

COVID-19 is expected to negatively affect the global Corrugated Handle Box market.

The Asia Pacific accounted for the highest share in the global Corrugated Handle Box market.

Corrugated handle box market value is rising due to urbanization, modernization, and globalization. The corrugated handle box market value will increase as a result of rising improvements in transportation infrastructure, increased accessibility to sustainable packaging options, and accelerating the development of flexible packaging options.

The corrugated board segment had a major share in 2021, with more than 30% of the market revenue share.

The food & beverage segment had a major share in 2021, with more than 30% of the market revenue share.

Corrugated Handle Box Market Scope

Report Attribute Details
Market Value in 2021 USD 36.7 billion
Market Value in 2028 USD 47.52 billion
CAGR 4.40%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
Choose License Type
Budget Buying
Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Sep 2022
Category:  Packaging
Report ID:   60635
Report Format:   PDF
Pages:   180
Rating:    4.7 (65)
Delivery Time: 24 Hours to 48 Hours   
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