Corrugated Handle Box Market is Expected to Grow at 4.82% CAGR During the Forecast Period 2027

Pune, India, January 2019, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Corrugated Handle Box Market.

Market Overview

The global corrugated handle box is continuously evolving at a high growth rate; the demand is attributed to changing lifestyles of consumers. Packaging plays a crucial role in the handling, transporting, and marketing of goods.

The Global Corrugated Handle Box Market has been segmented based on material, capacity, end user, and region. Based on material, the global market has been segmented as kraft paper, containerboard, corrugated board, recycled paper, and molded fiber pulp and others. Based on capacity, the global corrugated handle box market has been divided into 0-5 kg, 5-25 kg, 25-50 kg and Above 50 kg. Based on end user, the global market has been segmented into agriculture, chemical industry, food and beverages, pharmaceuticals, personal care, retail industry, and others.

The Global Corrugated Handle Box Industry was valued at approximately USD 35 billion in 2018, is expected to record a CAGR of around 4.2% during the forecast period.

Asia-Pacific is anticipated to record the maximum growth rate in the global corrugated handle box market: MRFR

Geographically, the global corrugated handle box market has been segmented into five major regions, namely North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. In 2018, Asia-Pacific held the largest market share and is expected to have a high growth rate during the forecast period.

Asia-Pacific is the fastest-growing region in the global corrugated handle box market, with India China, Indonesia, Japan, being the primary market for corrugated boxes. The market in Asia-Pacific is mainly driven by the growing applications of corrugated handled boxes for the packaging and transportation of food & beverage items and electronic goods.  

North America holds the second-largest market share in the global corrugated handle box market; the market growth is further supported by the growing e-commerce industry in the region. The market in the US accounts for more than a 70% share and is projected to grow at the fastest growth rate in North America. The demand for corrugated handle box is also increasing in European countries. The growing retail industry in Europe has created lucrative growth opportunities for manufacturers of corrugated handle boxes. The market for corrugated handle boxes in Europe is likely to show an upward growth trend with Germany being the major contributor and is expected to exhibit the fastest growth rate in the coming years. In recent years, the Middle East & Africa shows steady growth and will continue to follow the same trend. Saudi Arabia holds the largest market share and is considered to be the fastest-growing country-level market in the Middle East & Africa. The demand for corrugated handle box in South America is currently stagnant, Brazil holds the dominant market share and is expected to be the fastest-growing country in the South America corrugated handle box market.

Prominent Players

The Prominent Players in the Global Corrugated Handle Box Market include Reid Packaging (US), Allen Field Company, Inc. (US), Unicraft (India), Guangzhou Bosing Paper Printing and packaging Co., Ltd. (China), GWP Group (United Kingdom), WH Skinner (United Kingdom), CBS Packaging (United Kingdom), Shanghai Forests Packaging Group Co., Ltd (China), Planet Paper Box GROUP Inc. (Canada) and Riverside Paper Co., Inc. (US)

Global Corrugated handle box Market, 2018–2025 (USD Million)
 

Source: MRFR Analysis

Scope of the Report

This study provides an overview of the global corrugated handle box market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global corrugated handle box market by material, capacity application, and region.

• By Material
  
  
  
  • Kraft Paper
  
  
  • Containerboard
  
  
  • Corrugated Board
  
  
  • Recycled Paper
  
  
  • Molded Fiber Pulp
  
  
  • Others
  
  
  
  

• By Capacity
  
  
  
  • 0–5 KG
  
  
  • 5–25 KG
  
  
  • 25–50 KG
  
  
  • Above 50 KG
  
  
  
  

• By Application
  
  
  
  • Agriculture Industry
  
  
  • Chemical Industry
  
  
  • Food and Beverages
  
  
  • Pharmaceuticals
  
  
  • Personal Care
  
  
  • Retail Industry
  
  
  • Others
  
  
  
  

• By Region
  
  
  
  • North America 
  
  
  • Asia-Pacific 
  
  
  • Europe
  
  
  • Middle East & Africa
  
  
  • South America  
  
  
  
  

Key Players

The Prominent Players in the Global Corrugated Handle Box Market include Unicraft (India),  Reid Packaging (US), Guangzhou Bosing Paper Printing and packaging Co., Ltd. (China), GWP Group (United Kingdom), Allen Field Company, Inc. (US),WH Skinner (United Kingdom), CBS Packaging (United Kingdom), Shanghai Forests Packaging Group Co., Ltd. (China), Planet Paper Box GROUP Inc.  (Canada), and Riverside Paper Co., Inc. (US).

Read More Article Details - Corrugated Handle Box Market