Corrugated boxes are finding their application in a wide range of sectors. With increasing demand for packaging that can handle the stress exerted throughout distribution, corrugated boxes have now become the first choice for packaging material. Their efficacy combined with the sustainability is something which is driving its demand. The increasingly complex logistics chain for direct to consumer delivery through e-commerce packages are expected to be handled up to 20 times or more during standard distribution which is creating new demand for cost-effective secondary corrugated board packaging.
During the influence of the Covid-19, the corrugated boxes market has witnessed a steady growth in its revenue. Though the end-use industries halted their operations, the demand for products from the online channels remained steady, which led to an uptick in the demand for corrugated boxes for packaging. In addition, demand for nutraceuticals and pharmaceuticals have remained high, as consumers found it convenient to order. As a result, the global corrugated boxes market is expected to reach USD 87.78 Billion by 2025. Nothing on the economic horizon points to a reduction in the need for corrugated boxes.
Even in times of recession, this product is used by domestic and international organizations in a variety of ways. Households will still need access to food and beverage products, which make up nearly 40 percent of total industry revenues. A strong economy means a strong push for new revenues by the corrugated box industry. A weaker economy means stable revenues. That is a win/win situation for everyone involved with the industry. Considering such prospect of the market, the manufacturers are envisioning future growth with confidence.
We studied this industry segment in-depth and have come up with the list of 10 Most Promising Corrugated Box Manufacturers who have excelled in this field with their innovative approach. Having proven their dedication to quality and end-to-end addressal of customer requirements, these companies have stood out from the crowd.
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