In 2020, the global Corrugated Octabin Market size was robust and is expected to maintain a steady revenue CAGR over the forecast period. Key factors driving the market growth include characteristics such as recyclability, reusability, effective printability, durability, sturdiness, and metal-free closure alternatives. Other driving factors include ease of stacking and handling, improved bulk resistance, and increasing demand for versatile and bulk storage capacities in various industries.
Corrugated packaging, made from corrugated paperboard wrapped around many rows of air columns, provides strength and flexibility necessary in packaging. The global corrugated octabins market is gaining traction due to suppliers' emphasis on sustainability, and increasing demand for cost-effective and light-weight packaging formats in various industries. However, unfavorable factors such as other plastic options hindering the rise of corrugated octabins’ demand, and increasing demand for flexible packaging formats with anti-static qualities in bulk transportation of chemicals and granular materials, are substantially hampering the market growth.
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Customized corrugated octabins are expected to have a bright future with high demand from various industries, particularly the chemical industry and e-commerce merchants. The double wall boards segment is expected to dominate the market throughout the forecast period, accounting for more than half of the corrugated octabins market due to its durability and extra padding enhancing the safety of heavy goods during transit. These elements present opportunities for diverse market participants.
Major Companies:
- International Paper Company
- West Rock Company
- DS Smith Packaging Limited
- Mondi Group
- Nefab Group
- Georgia-Pacific
- Smurfit Kappa
- Stora Enso
- Packaging Corporation of America
- Graphic Packaging International,
Market Segmentation:
- Product Type: single wall boards, single face boards, double wall boards, and triple wall boards
- End-use: food beverages, electrical electronics, home care products, personal care products, e-commerce, transportation logistics, healthcare, and others
- Region: North America (U.S., Canada, and Mexico), Europe (Germany, U.K., France, Italy, Spain, Benelux, and rest of Europe), Asia Pacific (China, India, Japan, South Korea, and rest of Asia Pacific), Latin America (Brazil and rest of Latin America), and Middle East Africa (Saudi Arabia, UAE, South Africa, and rest of Middle East Africa)
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