Corrugated Packaging Market Technology 2022: Business Growth, Trend and Forecast 2028

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Corrugated Packaging Market to at over 4.4 CAGR
from 2022 to 2028 Global Market Insights, Inc.
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Overview of Industrial Corrugated Packaging Market

• Corrugated cardboard is gaining popularity as an
  excellent packaging choice owing to its
  recyclability, cost-effectiveness, and low
  environmental footprint. Manufacturers of
  corrugated packaging material are therefore
  expected to witness robust growth, given the rise
  of eco-friendly corrugated board and sustainable
  packaging manufacturing amid the global
  e-commerce boom.
• According to statistics from Indian Retailer,
  demand for sustainable packaging materials will
  likely double to reach over 63.3 billion by
  2023. This factor is providing growth
  opportunities for suppliers of corrugated boards,
  which make up over 80 of the market.
• These factors, alongside the growing emphasis on
  the consumption of recyclable materials to comply
  with stringent packaging norms, will favor
  corrugated packaging market growth.

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• In end-use industries like food and beverages,
  medical, and electronics, the need for suitable
  packaging solutions is increasing. In keeping
  with this, leading brands in these sectors are
  undertaking strategic initiatives like new
  product launches to quickly adapt to the changing
  consumer needs.
• The novel coronavirus pandemic has accelerated
  online grocery shopping activities, especially in
  the Central European region. To address the
  burgeoning demand for grocery delivery services,
  regional packaging companies are continuing to
  offer fit-for-purpose solutions.
• For instance, in August 2021, UK-based Mondi
  announced the launch of a variety of corrugated
  shipping boxes for the online grocery sector in
  Central Europe. These packaging systems include
  PickShipBox, designed to adapt to multiple
  packaging requirements RecipeBox, developed for
  fresh produce and groceries and the PantryBox,
  designed for carrier shipping.

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• The packaging industry is gaining remarkable
  momentum due to the expansion of
  direct-to-consumer brands operating in the food,
  consumer electronics, cosmetics, and fashion
  sectors. Several new-age digital-first brands are
  also deploying a D2C route and directly engaging
  with numerous digital shoppers.
• According to data from JD Mart, Y-o-Y demand for
  scrap boxes, laminated boxes, die-cut boxes, and
  vegetable boxes increased by 200, 700, 540,
  and 200 respectively in India. This, along with
  the rapidly expanding D2C sector, is asserting a
  positive influence on the demand for corrugated
  boxes in the region.
• Consumer electronics brands are planning to
  increase the usage of eco-packaging to cover more
  products, including home appliances. As a part of
  the growing focus on sustainability initiatives,
  the consumption of eco-friendly packaging
  services especially is likely to increase.

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• In January 2022, Samsung, for example, announced
  its plan to offer a wide range of home appliances
  packaged with eco-friendly corrugated cardboard
  boxes, in line with its 2022 sustainability
  initiatives. Furthermore, the company was
  targeting to incorporate recycled materials into
  interior packaging, which could favor corrugated
  packaging market growth from consumer appliance
  applications.
• The availability of reusable packaging solutions
  has been rising in the marketplace over recent
  years. One recent entrant is ReusePac, whose
  corrugated boxes are witnessing potential
  applications in consumer products, fashion,
  e-commerce, healthcare, and manufacturing, among
  other industries.
• According to Bill Xia, ReusePacs Owner and
  Product Designer, its corrugated plastic boxes
  feature various unique designs with reusability,
  collapsible, and lightweight properties at low
  prices. The boxes are also considered 100
  recyclable after the end of the reuse life, thus
  emerging as a zero-waste alternative to
  traditional cardboard boxes and positioning the
  firm as a key contributor to corrugated packaging
  industry growth.

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