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Multi-Depth Corrugated Boxes Market - Global Industry Analysis

Multi-Depth Corrugated Boxes Market by Product Type (Single Wall Corrugated Box, Double-Wall Corrugated Box, and Triple Wall Corrugated Box), by End Use Industry (Food and Beverages, Pharmaceutical, Consumer Electronics, Home Care and Personal Care and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 14-Jul-2021 Category: Technology & Media Report Format : PDF Pages: 140 Report Code: ZMR-5944 Status : Published

The global multi-depth corrugated packaging market accounted for USD 821.44 Million in 2020 and is expected to reach USD 1,310.85 Million by 2028, growing at a CAGR of 6.27% from 2021 to 2028.

Description

Market Overview

The global multi-depth corrugated packaging market accounted for USD 821.44 Million in 2020 and is expected to reach USD 1,310.85 Million by 2028, growing at a CAGR of 6.27% from 2021 to 2028.

Multi-depth corrugated packaging boxes are considered as a specialty packaging format. These boxes have slots that allow the height of the boxes to be adjusted according to the contents. End consumers in the food, beverage, electrical, electronics, and many other consumer goods manufacturing sectors are adopting these forms of boxes. Customer demand for more compact, higher-quality, and heavy-duty packaging along with the increased demand for transportation and packaging facilities, as well as trade operations are the factors driving growth for this market. Improved printing and labeling technologies are now being developed to address the appearance of multi-depth corrugated boxes. The 'personalization' aspect has gained traction, and leading businesses are being compelled to have their packaging custom-made.

COVID-19 Impact Analysis

The COVID-19 pandemic has had an impact of varying degrees on the application of the multi depth corrugated boxes by various end use industries. The COVID crisis led to some of the sharpest declines in recent times in demand for certain types of packaging while accelerating growth for others—such as packaging for e-commerce shipments that are emerging as lifelines in this new world. Such changes are presenting many packaging companies with a new set of challenges.

Growth Factors

The demand for multi-depth corrugated boxes has been fueled by the increasing demand for convenience in packaging. The increased demand for transportation and packaging facilities, as well as trade operations, have been the growth drives for multi-depth corrugated boxes market in the recent years.

The need for multi-depth corrugated boxes is being driven by customer demand for more compact, higher-quality, and heavy-duty packaging. In addition to these factors, the industry is projected to benefit from e-commerce availability.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Product Type Segment Analysis Preview

Single-wall corrugated boxes segment held a share of around 30% in 2020. This is attributable to their popularity among online merchants since they are a less expensive option to double-wall counterparts while still providing adequate stiffness and stress absorption to protect the contents of the items within.

Single-wall corrugated boxes are widely used to package lightweight items and are ideal for delivering by postal service. Single-wall boxes, contrary to popular perception, can be of varying quality. Three layers of paper are bonded together with glue to form a single, durable sheet in a single-wall box.

End Use Industry Segment Analysis Preview

Food and Beverages segment will grow at a CAGR of over 3.5% from 2021 to 2028. This is due to a rise in the use of beverage packaging, which is one of the segment's key drivers. The food and beverage industry has seen an increase in demand due to the expansion of e-commerce and the growing demand for sustainable packaging.

In the coming years, the market for multi-depth corrugated boxes in the FMCG sector will grow. Though e-commerce has already bolstered the retail industry, digital printing is expected to drive more growth and innovation in the multi-depth corrugated packaging market.

Regional Analysis Preview

North American region held a share of over 30% in 2020. This is attributable to rising per capita income and industrialization, as well as the existence of a large customer base in countries like the United States and Canada. Furthermore, the region's well-established electronic commerce sector has boosted demand for retail-ready packaging, which is expected to drive industry growth due to its time and labor cost saving attributes.

The Asia Pacific region is projected to grow at a CAGR of around 4% over the forecast period. This surge is due to the increasing industrialization of the region's developing economies, such as India and China. It has fuelled foreign trade, boosting demand for multi-depth corrugated boxes for goods shipping. In addition to these factors, digital payments, analytic consumer engagements, and digital packaging are among the technological developments that are likely to drive the development of e-commerce and, ultimately, the multi-layer corrugated boxes industry in the region.

Key Market Players & Competitive Landscape

Some of key players in multi-depth corrugated boxes market are Georgia-Pacific LLC, DS Smith Packaging Limited, Oji Holdings Corporation, Great Little Box Company Ltd., WestRock Company, Pratt Industries, Inc., Acme Corrugated Box Co. Inc., Smurfit Kappa Group Plc, Uline, Inc., International Paper, and Shillington Box Co., among others. 

To meet the demands of an expanding packaging industry, companies in the multi-depth corrugated boxes market are forming strategic partnerships with tech and automated printing service providers. Leading players are concentrating not just on gaining a competitive edge, but also on increasing their worldwide footprint. Some players are focusing on technology developments in corrugated market and enhancing their printing services.

The global multi-depth corrugated packaging boxes market is segmented as follows:

By Product Type

  • Single Wall Corrugated Box
  • Double Wall Corrugated Box
  • Triple Wall Corrugated Box

By End Use Industry

  • Food and Beverages
  • Pharmaceutical
  • Consumer Electronics
  • Home Care and Personal Care
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Product Type
        • 2.1.1.2. Market Attractiveness Analysis, By End Use Industry
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Multi Depth Corrugated Boxes Market, 2016 – 2028 (USD Million)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Multi Depth Corrugated Boxes Market – Product Type Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Product Type, 2020 & 2028
    • 4.2. Single Wall Corrugated Box
      • 4.2.1. Market Size and Forecast, By Region (USD Million)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Double Wall Corrugated Box
      • 4.3.1. Market Size and Forecast, By Region (USD Million)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Triple Wall Corrugated Box
      • 4.4.1. Market Size and Forecast, By Region (USD Million)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Multi Depth Corrugated Boxes Market – End Use Industry Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By End Use Industry, 2020 & 2028
    • 5.2. Food and Beverages
      • 5.2.1. Market Size and Forecast, By Region (USD Million)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Pharmaceutical
      • 5.3.1. Market Size and Forecast, By Region (USD Million)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Consumer Electronics
      • 5.4.1. Market Size and Forecast, By Region (USD Million)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Home Care and Personal Care
      • 5.5.1. Market Size and Forecast, By Region (USD Million)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.6. Others
      • 5.6.1. Market Size and Forecast, By Region (USD Million)
      • 5.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.6.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 Multi Depth Corrugated Boxes Market – Regional Analysis
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.2.2. North America Market Revenue, By Product Type, 2016 – 2028
      • 6.2.3. North America Market Revenue, By End Use Industry, 2016 – 2028
      • 6.2.4. U.S.
        • 6.2.4.1. U.S. Market Revenue, By Product Type, 2016 – 2028
        • 6.2.4.2. U.S. Market Revenue, By End Use Industry, 2016 – 2028
      • 6.2.5. Canada
        • 6.2.5.1. Canada Market Revenue, By Product Type, 2016 – 2028
        • 6.2.5.2. Canada Market Revenue, By End Use Industry, 2016 – 2028
      • 6.2.6. Mexico
        • 6.2.6.1. Mexico Market Revenue, By Product Type, 2016 – 2028
        • 6.2.6.2. Mexico Market Revenue, By End Use Industry, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.3.2. Europe Market Revenue, By Product Type, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By End Use Industry, 2016 – 2028
      • 6.3.4. Germany
        • 6.3.4.1. Germany Market Revenue, By Product Type, 2016 – 2028
        • 6.3.4.2. Germany Market Revenue, By End Use Industry, 2016 – 2028
      • 6.3.5. France
        • 6.3.5.1. France Market Revenue, By Product Type, 2016 – 2028
        • 6.3.5.2. France Market Revenue, By End Use Industry, 2016 – 2028
      • 6.3.6. U.K.
        • 6.3.6.1. U.K. Market Revenue, By Product Type, 2016 – 2028
        • 6.3.6.2. U.K. Market Revenue, By End Use Industry, 2016 – 2028
      • 6.3.7. Italy
        • 6.3.7.1. Italy Market Revenue, By Product Type, 2016 – 2028
        • 6.3.7.2. Italy Market Revenue, By End Use Industry, 2016 – 2028
      • 6.3.8. Spain
        • 6.3.8.1. Spain Market Revenue, By Product Type, 2016 – 2028
        • 6.3.8.2. Spain Market Revenue, By End Use Industry, 2016 – 2028
      • 6.3.9. Rest of Europe
        • 6.3.9.1. Rest of Europe Market Revenue, By Product Type, 2016 – 2028
        • 6.3.9.2. Rest of Europe Market Revenue, By End Use Industry, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.4.2. Asia Pacific Market Revenue, By Product Type, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By End Use Industry, 2016 – 2028
      • 6.4.4. China
        • 6.4.4.1. China Market Revenue, By Product Type, 2016 – 2028
        • 6.4.4.2. China Market Revenue, By End Use Industry, 2016 – 2028
      • 6.4.5. Japan
        • 6.4.5.1. Japan Market Revenue, By Product Type, 2016 – 2028
        • 6.4.5.2. Japan Market Revenue, By End Use Industry, 2016 – 2028
      • 6.4.6. India
        • 6.4.6.1. India Market Revenue, By Product Type, 2016 – 2028
        • 6.4.6.2. India Market Revenue, By End Use Industry, 2016 – 2028
      • 6.4.7. South Korea
        • 6.4.7.1. South Korea Market Revenue, By Product Type, 2016 – 2028
        • 6.4.7.2. South Korea Market Revenue, By End Use Industry, 2016 – 2028
      • 6.4.8. South-East Asia
        • 6.4.8.1. South-East Asia Market Revenue, By Product Type, 2016 – 2028
        • 6.4.8.2. South-East Asia Market Revenue, By End Use Industry, 2016 – 2028
      • 6.4.9. Rest of Asia Pacific
        • 6.4.9.1. Rest of Asia Pacific Market Revenue, By Product Type, 2016 – 2028
        • 6.4.9.2. Rest of Asia Pacific Market Revenue, By End Use Industry, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.5.2. Latin America Market Revenue, By Product Type, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By End Use Industry, 2016 – 2028
      • 6.5.4. Brazil
        • 6.5.4.1. Brazil Market Revenue, By Product Type, 2016 – 2028
        • 6.5.4.2. Brazil Market Revenue, By End Use Industry, 2016 – 2028
      • 6.5.5. Argentina
        • 6.5.5.1. Argentina Market Revenue, By Product Type, 2016 – 2028
        • 6.5.5.2. Argentina Market Revenue, By End Use Industry, 2016 – 2028
      • 6.5.6. Rest of Latin America
        • 6.5.6.1. Rest of Latin America Market Revenue, By Product Type, 2016 – 2028
        • 6.5.6.2. Rest of Latin America Market Revenue, By End Use Industry, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.6.2. The Middle-East and Africa Market Revenue, By Product Type, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By End Use Industry, 2016 – 2028
      • 6.6.4. GCC Countries
        • 6.6.4.1. GCC Countries Market Revenue, By Product Type, 2016 – 2028
        • 6.6.4.2. GCC Countries Market Revenue, By End Use Industry, 2016 – 2028
      • 6.6.5. South Africa
        • 6.6.5.1. South Africa Market Revenue, By Product Type, 2016 – 2028
        • 6.6.5.2. South Africa Market Revenue, By End Use Industry, 2016 – 2028
      • 6.6.6. Rest of Middle-East Africa
        • 6.6.6.1. Rest of Middle-East Africa Market Revenue, By Product Type, 2016 – 2028
        • 6.6.6.2. Rest of Middle-East Africa Market Revenue, By End Use Industry, 2016 – 2028
  • Chapter No. 7 Multi Depth Corrugated Boxes Market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. Technulogy Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8 Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global Multi Depth Corrugated Boxes Market: Company Market Share, 2019
      • 8.1.2. Global Multi Depth Corrugated Boxes Market, Company Market Revenue, 2016 – 2019 (USD Million)
      • 8.1.3. Global Multi Depth Corrugated Boxes Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 8.1.4. Global Multi Depth Corrugated Boxes Market: Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Product Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9 Company Profiles
    • 9.1. Georgia-Pacific LLC
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Product Portfulio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
      • 9.1.7. Recent Developments
    • 9.2. DS Smith Packaging Limited
    • 9.3. Oji Huldings Corporation
    • 9.4. Great Little Box Company Ltd.
    • 9.5. WestRock Company
    • 9.6. Pratt Industries, Inc.
    • 9.7. Acme Corrugated Box Co. Inc.
    • 9.8. Smurfit Kappa Group Plc
    • 9.9. Uline, Inc.
    • 9.10. International Paper
    • 9.11. Shillington Box Co.,
  • Chapter No. 10 Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11 Research Methodulogy
    • 11.1. Research Methodulogy
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

Methodology


Frequently Asked Questions

The global multi-depth corrugated packaging boxes market was valued at USD 821.44 Million in 2020.
The global multi-depth corrugated packaging boxes market is expected to reach USD 1310.85 Million by 2028, growing at a CAGR of 6.27% between 2021 to 2028.
Some of the key factors driving the global multi-depth corrugated packaging boxes market growth are increasing customer demand for more compact, higher-quality, and heavy-duty packaging along with the increased demand for transportation and packaging facilities, as well as trade operations.

North America region held a substantial share of the multi-depth corrugated packaging boxes market in 2020. This is attributable to rising per capita income and industrialization, as well as the existence of a large customer base in countries like the United States and Canada. Furthermore, the region's well-established electronic commerce sector has boosted demand for retail-ready packaging, which is expected to drive industry growth due to its time and labor cost saving attributes.

Some of the major companies operating in the multi-depth corrugated packaging boxes Georgia-Pacific LLC, DS Smith Packaging Limited, Oji Holdings Corporation, Great Little Box Company Ltd., WestRock Company, Pratt Industries, Inc., Acme Corrugated Box Co. Inc., Smurfit Kappa Group Plc, Uline, Inc., International Paper, and Shillington Box Co., among others.

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