Corrugated Handle Box Global Market Report 2024

A corrugated handle box is a type of handle box designed for use in shipping or transportation. These boxes are constructed from sheets of paper and cardboard, typically featuring three layers of material on the sides including an interior layer, an exterior layer, and a middle layer. Corrugated handle boxes provide protection, durability, and cushioning for products during shipping and storage. Notably, they are biodegradable and can be recycled and reused.

The main materials used in the production of corrugated handle boxes include kraft paper, container board, corrugated board, recycled paper, molded fiber pulp, and others. Kraft paper, also known as paperboard or cardboard, is a naturally biodegradable material derived from chemical pulp produced in the kraft process. Various printing technologies, such as digital printing, flexography printing, and lithography printing, are employed in the production of these boxes. Corrugated handle boxes find applications across diverse industries, including agriculture, chemicals, food and beverage, pharmaceuticals, personal care, retail, and more.

The corrugated handle box market research report is one of a series of new reports that provides corrugated handle box market statistics, including global market size, regional shares, competitors with a corrugated handle box market share, detailed corrugated handle box market segments, market trends and opportunities, and any further data you may need to thrive in the corrugated handle box industry. This corrugated handle box market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The corrugated handle box market size has grown steadily in recent years. It will grow from $44.62 billion in 2023 to $46.47 billion in 2024 at a compound annual growth rate (CAGR) of 4.2%. The growth observed in the historic period in the corrugated handle box market can be attributed to factors such as rapid urbanization, modernization, and globalization. Additionally, increased environmental awareness and the growth of the e-commerce sector have played significant roles in driving the demand for corrugated handle boxes. These factors collectively contributed to the adoption of sustainable and practical packaging solutions, especially in the context of changing consumer preferences and the rise of online retail.

The corrugated handle box market size is expected to see strong growth in the next few years. It will grow to $58.09 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The anticipated growth in the forecast period in the corrugated handle box market can be attributed to several factors, including evolving environmental regulations that drive the demand for eco-friendly packaging solutions. The increasing need for streamlined operations, a growing global population, and the emergence of economies further contribute to the demand for practical and sustainable packaging options. Major trends expected during this period include strategic collaborations among industry players, geographical expansion efforts, advancements in manufacturing processes, and the incorporation of technological solutions to enhance efficiency and sustainability.

The surge in online shopping is poised to drive the growth of the corrugated handle box market in the foreseeable future. As consumers increasingly turn to online platforms for their purchases, corrugated handle boxes serve as essential storage and transit containers employed by online retailers. These boxes cater to a wide range of applications, ranging from functional to decorative purposes. Notably, the National Association of Securities Dealers Automated Quotations (NASDAQ) predicts that by 2040, a staggering 95% of all purchases in the UK will be conducted through online channels, underscoring the significant impact on the corrugated handle box market.

Anticipated growth in the food and beverage industry is set to propel the corrugated handle box market forward. Covering a spectrum of operations related to the production, processing, packaging, distribution, and retailing of food and drink items, the food and beverage industry relies on corrugated handle boxes for efficient food delivery. These boxes, designed with handles, facilitate the convenient transportation of multiple items, particularly relevant for takeout and food delivery services. In 2021, the USDA Rural Development reported a substantial $467.20 billion in food and beverage (F&B) sales, emphasizing the robust demand within the sector. Furthermore, a report by Kirin Holdings Company Limited notes a global consumption increase of 4.0% in beer, reaching about 185.60 million kiloliters in 2021. This growing demand in the food and beverage industry is a significant driver for the corrugated handle box market.

Market-leading companies in the corrugated handle box sector prioritize innovation to gain a competitive edge. Introducing products like the corrugated cardboard box, tailored for e-commerce shipments of medical devices, DS Smith plc exemplifies this strategic approach. Launched in April 2022, the corrugated cardboard box serves as a single-material solution, specifically addressing challenges encountered in e-commerce delivery. It stands out as a simplified packaging solution that not only offers superior protection for medical devices but also aligns with the evolving needs of the e-commerce landscape.

Prominent companies within the corrugated handle box market are strategically focusing on product innovation, exemplified by offerings like Fit2Size, to secure a competitive advantage. Fit2Size, introduced by VPK Group in September 2022, represents a sustainable packaging solution designed for fanfold corrugated packaging. Fanfold corrugated packaging involves folding corrugated material in a zigzag pattern and stacking it on a pallet for convenient handling and storage. Fit2Size, as part of the VPK Group's brand, presents a diverse range of packaging solutions meticulously tailored to meet the unique needs and specifications of customers.

In a noteworthy move, Menasha Packaging, a prominent US-based packaging and merchandising company, executed an acquisition in July 2022. The acquisition involved Color-Box, a business unit previously under Georgia-Pacific LLC, with the financial details remaining undisclosed. This strategic acquisition is aimed at reinforcing Menasha Packaging's geographical reach and augmenting its product portfolio. Color-Box, a US-based corrugated box manufacturer, adds valuable expertise and capabilities to further enhance Menasha Packaging's position in the market.

Major companies operating in the corrugated handle box market include Reid Packaging, Allen Field Company Inc., Unicraft Industries, Guangzhou Bosing Paper Printing and Packaging Co. Ltd., GWP Group, W.H. Skinner, CBS Packaging, Riverside Paper Co., Rengo Co. Ltd., Mondi Group, DS Smith PLC, Shanghai Forests Packaging Group Co. Ltd., Planet Paper Box Group Inc., Georgia-Pacific LLC, International Paper Company, Nine Dragons Paper (Holdings) Limited, Oji Holdings Corporation, Packaging Corporation of America, Smurfit Kappa Group, WestRock Company, Shanghai DE Printed Box, Shenzhen Tianya Paper Products Co. Ltd., Atlas Die LLC, Jamestown Container Companies, Landaal Packaging Systems, Mac Papers, Illinois Paper & Copier Co., Bay Cities, Belmont Packaging

Asia-Pacific was the largest region in the corrugated handle box market in 2023. The regions covered in the corrugated handle box market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the corrugated handle box market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The corrugated handle box market consists of sales of liquid packaging board, paperboard, and corrugated fibreboard. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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