Corrugated Handle Box Market Progresses for Huge Profits To 2025

Posted by Mayur Yeole on February 15th, 2021

The global corrugated handle box is growing continually. The market growth attributes to the growing e-commerce and packaging industry. Corrugated boxes are primarily used for proper handling and transportation of goods. Besides, the rising usages of corrugated boxes in packaging solutions drive market growth. Moreover, the growing number of food franchises and rising consumer inclination towards takeaway food consumption escalate the market growth to furthered height.

According to Market Research Future (MRFR), the global corrugated handle box market was valued at approximately USD 35 BN in 2018, which would appreciate further at 4.2% CAGR during the forecast period (2019–2025). Rapid urbanization and the growing retail industry are some of the key growth drivers for the market. This corrugated handle box packaging type has proven to be far more effective for protecting goods & fresh produces. Increasing demand for corrugated handle boxes from the fresh food industry pushes market growth.

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Geographical Analysis

The Asia Pacific region dominates the global corrugated handle box market. The largest market share attributes to the burgeoning e-commerce industry fueled by the increasing cross-border trade and massive demand for online shopping. Besides, the retail sector in countries such as China and India propel market demand. Moreover, the rapidly growing packaging industry in the region substantiates the growth of the market. The APAC corrugated handle box market is projected to retain its dominance throughout the review period.

North America stands second in the global corrugated handle box market. The market is driven by the presence of tier 1 corrugated handle box manufacturers, such as Allen Field Company, Inc. (the US), Reid Packaging (US), Riverside Paper Co., Inc. (the US), and Planet Paper Box GROUP Inc. (Canada). These manufacturers strengthen their market position through strategic alliances to expand their global presence and develop new packaging solutions for their customers. The US holds the major share in the regional market. The North American corrugated handle box market is expected to register a substantial CAGR during the assessment period.

Competitive Analysis

Highly competitive, the corrugated handle box market appears fragmented due to the presence of several well-established players. To gain a larger competitive share, industry players incorporate strategic initiatives such as mergers & acquisitions, collaboration, expansion, and product/ technology launch. They strive to develop cost-efficient manufacturing techniques that can reduce production cost & time and wastages.

Major Players

Players leading the in the global corrugated handle box market include Reid Packaging (US), Guangzhou Bosing Paper Printing & Packaging Co., Ltd (China), Unicraft (India), WH Skinner (UK), GWP Group (United Kingdom), Allen Field Company, Inc. (US), Shanghai Forests Packaging Group Co., Ltd (China), CBS Packaging (United Kingdom), Riverside Paper Co., Inc. (US), and Planet Paper Box GROUP Inc. (Canada), among others.

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