The heavy-duty corrugated packaging market offers numerous advantages, including exceptional strength and durability for safely transporting valuable and bulk items. It ensures protection against external elements, reducing the risk of damage during shipping. Dominating segments in this market often include industries such as e-commerce, manufacturing, and logistics, where reliable and sturdy packaging is vital. As e-commerce grows, the demand for heavy-duty corrugated packaging remains high, making it a significant driving force in the industry's growth and innovation.
According to Data Bridge Market Research, the North America Heavy Duty Corrugated Packaging Market was valued at USD 4,206.17 million in 2022 and is expected to reach the value of USD 6,857.30 million by 2030, at a CAGR of 6.30% during the forecast period of 2023 to 2030.
“Increasing import and export activities boost the market’s growth”
The increasing import and export activities worldwide are a key driver for the heavy-duty corrugated packaging market. As global trade grows, there is a greater demand for robust and reliable packaging solutions to protect products during transit. Heavy-duty corrugated packaging provides the strength and durability necessary for international shipping, making it an essential component of the supply chain. The market thrives on this demand, and its continued growth is intricately tied to the expansion of global trade and commerce.
What restraints the growth of the North America heavy duty corrugated packaging market?
“Lack of awareness restraints the market’s growth”
The heavy-duty corrugated packaging market faces a significant challenge due to a lack of awareness. Many potential users are unaware of the benefits and cost-effectiveness of these solutions, leading them to opt for less suitable packaging options. This lack of understanding acts as a restraint on market growth, as educating consumers and businesses about the advantages of heavy-duty corrugated packaging is essential to unlocking its full potential in various industries and applications.
Segmentation: North America Heavy Duty Corrugated Packaging Market
The North America heavy duty corrugated packaging market is segmented on the basis of product type, board type, capacity, print type, size, and end-users.
- On the basis of product type, the North America heavy duty corrugated packaging market is segmented into standard boxes, octabins, vegetable totes, large load carriers (GLTS), Modular small load carriers (KLT), pallet boxes, pop displays, and others.
- On the basis of board type, the North America heavy duty corrugated packaging market is segmented into single wall board, double wall board, triple wall board, and others.
- On the basis of capacity, the North America heavy duty corrugated packaging market is segmented into Up to 100 LBS, 100-300 LBS, and above 300 LBS.
- On the basis of print type, the North America heavy duty corrugated packaging market is segmented into printed, and non-printed.
- On the basis of size, the North America heavy duty corrugated packaging market is segmented into 0-10 Inches, 10-20 Inches, 20-30 Inches, and above 30 inches.
- On the basis of end-users, the North America heavy duty corrugated packaging market is segmented into food and beverages, chemicals and petrochemicals, heavy duty corrugated, electrical and electronics, homecare, automotive, glassware and ceramics, healthcare, oil, and gas, industrial and other.
Regional Insights: U.S. dominates the North America Heavy Duty Corrugated Packaging Market
The U.S. leads the market due to the escalating demand for electrical and electronic products. As technology and electronics industries flourish, there is a growing need for robust packaging solutions to ensure the safe transport and storage of these delicate items.
Canada's dominance stems from increased import and export activities related to automotive spare parts. The automotive sector relies heavily on dependable packaging to safeguard its products during transportation, fueling the demand for heavy-duty corrugated packaging.
Mexico's supremacy arises from the expansion of its heavy-duty corrugated sector as the country strengthens its manufacturing and trade position, the demand for corrugated packaging solutions surges. This is driven by a need for durable packaging in various industries, including manufacturing and logistics.
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Recent Developments
- In February 2020, Smurfit Kappa allocated a substantial USD 36.00 million investment in the Americas to enhance their production of corrugated packaging products. This strategic decision aims to increase production capacity, thereby positioning the company for higher revenue and market growth shortly, meeting the rising demand for efficient and sustainable packaging solutions.
- In March 2019, WestRock Company expanded its automated packaging systems portfolio by acquiring Linkx Packaging Systems. This move bolstered the company's capabilities, helping it meet evolving market demands while boosting future revenue and production capacity. It strengthened WestRock's position as a key player in the packaging industry, offering diverse solutions to their customers.
The Prominent Key Players Operating in the North America Heavy Duty Corrugated Packaging Market Include:
- Amcor plc (Australia)
- Dow (U.S.)
- Bemis Company, Inc. (U.S.)
- Westrock Company (U.S.)
- Sealed Air Corporation (U.S.)
- DS Smith (U.K.)
- Huhtamaki Oyj (Finland)
- Berry Plastic Corporation (U.S.)
- Ball Corporation (U.S.)
- Genpak, LLC (U.S.)
- Union packaging (U.S.)
- Robert Bosch GmbH (Germany)
- Tetra Pak International S.A. (Switzerland)
- Coesia S.p.A. (Italy)
Above are the key players covered in the report, to know about more and exhaustive list of North America heavy duty corrugated packaging market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: North America Heavy Duty Corrugated Packaging Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
