Corrugated box consist of a layer of cardboard know as fluting, which is kept between two thin outer layers of the cardboard. It is available in various sizes and shapes extensively used for the packaging of various goods such as electronic items, and pharmaceutical products among others. High durability, high tensile strength, cost effectiveness, and light weight makes these boxes efficient for packaging of shipped goods. Multi depth corrugated boxes possess the same characteristic as corrugated boxes, except it can be used for various size application. Multi-depth corrugated boxes has a wide range of packaging applications in food and beverages, pharmaceuticals, cosmetics, hazardous chemicals furniture, antiques, and automobile among others.
Multi-depth corrugated boxes provides space and ease for carrying goods of various sizes, and low production cost, are some of the major factors increasing its demand. Moreover, the growing international standards for quality packaging has seen a surge to the multi-depth corrugated box market, owing to the high inclination of manufacturers towards innovation and quality assurance. Furthermore, the growth of international trade has further fuelled the demand for these boxes in the shipment of goods, due to its high tensile strength and durability.
Multi Depth Corrugated Box Market Taxonomy
On the basis of board type, the global multi-depth corrugated box market can be segmented as:
On the basis of application, the global multi-depth corrugated box market can be segmented as:
Multi Depth Corrugated Box Market outlook:
Key players in the Global Multi-Depth Corrugated Boxes Market
Product innovation, mergers and acquisitions, and joint ventures, and partnerships are some of the key strategies adopted by the players to ensure their long term sustenance in this market.
For instance, WestRock has bought the shares of Island Container Corp. and Combined Container Industries LLC in 2017. Some of the key players operating in the global multi depth corrugated boxes market include International Paper, DS Smith Plc, Mondi Group Plc, MeadWestvaco Corporation, Packaging Corporation of America, VPK Packaging Group, Nine Dragons Paper, Nampak Limited, and Smurfit Kappa Group.
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