Corrugated Packaging Market, by Board Type (Single Face, Single Wall, Double Wall, and Triple Wall), by Product Type (Boxes, Crates, Octabins, Pallets, and Others), by End Use (Electronics and Electrical, Home Care Products, Food & Beverages, Personal Care Products, Transportation & Logistics, Healthcare, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Corrugated packaging is a paperboard-based packaging. The corrugated board is made up of a combination of two sheets of liners, which are glued to an inner supporting medium called fluting. These layers of paper together give the overall product a better strength than that of individual layer. The corrugated board is converted into different kind of packaging products for various end-use industries such as e-commerce, electrical & electronics, logistics & transportation, personal care & cosmetics, and food & beverages among others.
Market Dynamics
Corrugated packaging is strong and durable and provides protection to food and beverage products especially when they are shipped to long distances and handled by various laborers. Corrugated boxes also enable the option of customization such that it has the right size to fit the product. Customization helps in creating brand awareness and customers often feel impressed as it looks professional. Since customized branding is an excellent approach to impress consumers. Companies also add a personal touch to boxes, which is a key to gaining clients' loyalty and encouraging repeat purchases.
Corrugated packaging is very cost-effective and completely biodegradable and it can be recycled and reused multiple times. There is a global desire to eliminate one time use and throw plastics, thus corrugated stands out as the best solution as environmentally concerned population is rapidly increasing and people are willing to prefer such companies who make an attempt toward sustainability.
Artificial Intelligence (AI) and Machine Learning (ML) are emerging trends extensively used by corrugated packaging companies. 3D printing is increasingly being utilized in industrial applications. AI has the potential to visualize an algorithmically produced package that is ideal for certain products. By lowering labor expenses and improving output in corrugated packaging industry, businesses can increase profits. AI helps data processing quickly and efficiently, also AI-enabled machines are more accurate than people.
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