Corrugated Handle Box Market Size to Grow at a CAGR of 4.82% in the Forecast Period of 2022-2027

The corrugated handle box market is expected to grow at a CAGR of 4.82% till 2027. In 2018, the market value was USD 35 billion.

The Rising focus on packaging product innovations and technological advancements by manufacturers, growth and expansion of the packaging industry, particularly in developing economies such as India and China, is surging the demand for innovative packaging solutions. Furthermore, developed with advanced and innovative manufacturing methods, growing demand for corrugated handle boxes from the food industry, and increased personal disposable income are the factors driving the growth of the corrugated handle box market. Manufacturers are concentrating on developing recyclable and biodegradable options that can mitigate the negative consequences of plastic, which can boost demand for corrugated handle boxes. These boxes are mostly composed of paper pulp, a low-cost material that lowers the cost of the product, enticing people to buy it. The box’s popularity has skyrocketed due to its enormous size and flexibility.

The corrugated handle box market value is increasing due to rising modernization, urbanization, and globalization. Growing developments in transportation infrastructure increased the availability of sustainable packaging alternatives, and rapid development in flexible packaging solutions will drive the corrugated handle box market even more. COVID-19 has altered the course of history since its inception in March 2020. The government’s implementation of temporary quarantines and lockdowns forced several firms to close or drastically reduce their operations. However, the corrugated handle box market benefited from COVID-19. People were staying indoors more often, which increased e-commerce sales. Demand for corrugated handle boxes increased as well.

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Market segmentation:

The global corrugated handle box market is segmented based on application, capacity, material and end-user type.

According to the application:

• Food and beverage
• Retail

According to the capacity:

• Above 50 KG
• 25-50 KG
• 5-25 KG
• 0-5 KG

According to the material:

• Molded fiber pulp
• Containerboard
• Kraft paper
• Recycled paper
• Corrugated board
• Others

According to the end-user:

• Retail
• Chemicals
• Agriculture
• Food and drink
• Personal care
• Pharma
• Others

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Regional analysis:

The global corrugated handle box market is divided into Asia-Pacific, North America, South America, Europe, the Middle East and Africa.

In terms of region, Asia-Pacific led the worldwide corrugated handle box market in 2018, followed by North America and Europe. Until 2025, the Asia-Pacific region will lead the corrugated handle box market. One of the primary drivers projected to drive future demand for corrugated handle boxes in the area is the rising e-commerce sector, which, along with the retail industry, is primarily concentrated in countries such as China and India.

North America’s corrugated handle box industry is predicted to expand significantly. The presence of tier one corrugated handle box manufacturers benefits the region. These market leaders actively support their market position by forming strategic partnerships to expand their worldwide presence and provide innovative packaging solutions for their clients. The US market is predicted to be the largest in North America in terms of revenue by 2027 and the fastest-growing market in the region.

Recent developments:

• CBS Packaging deployed a new state-of-the-art 2.5m BHS corrugator at our fully integrated operation in Birmingham in September 2019.
• GWP Group, a reusable packaging and materials management company, announced introducing a new returnable packaging solution for corrugated boxes in October 2019.

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