The Top 8 Industries that Use Corrugated Box Packaging
The Top 8 Industries that Use Corrugated Box Packaging
Corrugated materials are among the most popular kings of box packaging used worldwide. Leading market researcher IMARC group pegged the size of the corrugated box market at $198 billion last year and expects the market to nearly hit the $230 billion mark by 2028.
A significant portion of this tremendous growth can be traced back to certain select industries that rely significantly on corrugated box packaging. Here are eight such market segments.
Food and beverages
Corrugated boxes are particularly suitable for packaging and storing food products because they offer a unique advantage — resistance to bacterial infections. Since they keep the food items fresh, germ-free, and safe, these cartons are widely used in the F&B sector.
E-commerce
Corrugated packaging is easily the backbone of the e-commerce industry owing to its various benefits, like easy customization. Cartons come in different sizes to suit a wide range of products in the e-commerce supply chain and can be personalized to reflect brand values.
Office supply and stationery
The office supplies market worldwide is expected to increase at a CAGR of 1.9%, from USD 130.5 billion in 2021 to USD 149.4 billion by 2028. Corrugated packaging is integral to this booming industry for reasons ranging from scalability to availability and longevity.
Textiles
Packaging for textiles and apparel needs to be attractive, fuss-free, and indicative of the brand’s unique signature. Corrugated packaging helps check all these boxes, making it one of the preferred solutions in the textile industry’s supply chain across the world.
Luxury goods
Corrugated packaging is the only rigid medium that can be cut and folded into infinite shapes and sizes. This unique blend of customizability coupled with strength has made it a trendy packaging solution in the luxury goods market.
Healthcare
Whether it involves transporting medicines and pills or sensitive and delicate medical equipment, corrugated box packaging can be ideal for many reasons. It is rigid, hygienic, and easy to manufacture in different shapes to pack equipment of different sizes snugly.
Electronics
Although it’s easy to overlook, electronic products can be extremely fragile. Therefore, nothing but the sturdiest and safest packaging will do when they are shipped over long distances and across borders. The electronics industry, it appears, has found its solution in corrugated packaging.
Hazardous materials
Corrugated packaging can also be made water-resistant and highly tolerant to temperature changes. These attributes are why it is a preferred packaging material for transporting hazardous materials, batteries, etc.
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Most corrugated box packaging is 100% recyclable, making them an excellent choice if your business is keen on increasing its sustainability quotient. Moglix can make it easy to procure the best-corrugated packaging for your primary, secondary and tertiary packaging needs. Visit our website to learn more.
Trend watch: Top 7 types of packaging materials that are industry favorites today
Trend watch: Top 7 types of packaging materials that are industry favorites today
The global packaging market is one of the fastest-growing economic segments today. In India, too, the packaging industry — worth over $917 billion in 2019 — is growing at a CAGR of 2.8% and is expected to hit the $1.05 trillion mark by 2024. If your business operates in this dynamic market segment, it is imperative that you remain aware of what’s driving the packaging sector and what your peers are doing.
One such essential trend to watch is what packaging materials are the industry favorites in the current scenario. Here’s a closer look at the seven most common packaging materials businesses use today.
1. Paperboard boxes
Boxes made of paper and paperboard are among the most common types of packaging used today. Paperboard is available in different varieties like kraft paper and SBS paperboard. It is typically preferred by businesses in the food and beverage industry, although paper packing is also standard in transporting electronics, cosmetics, chemicals and even heavy goods.
2.Corrugated boxes
Valued at $70 billion in 2022, the corrugated packaging market is one of the fastest-growing segments in the industry. Since most corrugated boxes are entirely recyclable, this is one of our most sustainable packaging options. Corrugated packaging is suitable for various products like food, textiles, electronics, healthcare goods and more.
3.Plastic packaging
Plastic packaging is everywhere, from bottles and boxes to cups and bags. Data shows us that the global plastic packaging market is growing at a CAGR of 4.2% today. Despite this, plastic remains a global concern since it is highly unsustainable. It is why many companies prioritise using plastic-free packaging, or at the very least, recyclable plastic.
4.Rigid box packaging
A tad bit more luxurious than corrugated boxes and paperboard packaging, rigid boxes are around four times thicker. So, they are typically preferred for premium products like mobile phones, jewelry, watches, expensive electronics and other luxury goods. In addition to being sustainable, rigid boxes also offer superior product protection and brand value addition.
5.Metal packaging
The growth of e-commerce and retail, the rise in global Predominantly used in the food and beverage industry, metal packaging can be sustainable depending on the material used. Aluminum tops the list of sustainable metal packaging since it is easy to recycle and results in minimal wastage. Tin is also another sustainable packaging option in this category.
6.Glass packaging
Glass is also a sustainable choice for businesses looking to switch to plastic-free packaging. Best suited for premium food and beverage products, glass packaging is also preferred for other products like chemicals, medicines, cosmetics and more. But, on the flip side, it is pretty expensive and fragile.
7.Flexible packaging
Due to its ease and convenience, flexible packaging is quickly becoming one of the industry’s most preferred types of packaging. This kind of packaging is cost-effective, and rescues waste. It is made from pliable materials like paper, foil, coated paperboard or polymer films.
What packaging materials are you choosing today?
There’s no denying that it’s easy to opt for the most common packaging materials in the market. However, sustainable options like plastic-free and recyclable packaging are the need of the hour. And businesses keen on remaining at the top of the game over the long run need to strike the right balance between what’s easy and what’s right.
A competent packaging solutions provider like Moglix can help you make the right choice with innovative and competitive primary, secondary and tertiary packaging solutions. Visit our website to know more.
Key trends molding the future of packaging
Key trends molding the future of packaging
On a global scale, the packaging industry is one of the fastest-growing economic segments today. A recent study by the reputed market research store ‘Research and Markets’ reveals that the packaging sector could grow by over $220 billion by 2027. Looking back at the decades, McKinsey & Company has identified three defining eras in the global packaging industry. The first two — from 2000 to 2020 — were marked by substrate shift changes and changing consumer behavior.
The current era of packaging, however, is characterized by extensive digitization and sustainable packaging. Therefore, businesses in the packaging sector need to be aware of the key trends driving this industry phase, so they can stay ahead of the curve by adopting the necessary best practices.
4 key trends shaping the future of packaging
Here is a preview of the top trends driving primary and secondary packaging today.
1. Sustainability at the forefront
Businesses today are starting to prioritize sustainability and environmental awareness. As a recent global survey by McKinsey & Company revealed, around 75% of packaging purchasers are committed to choosing sustainable options. To remain in the game, organizations need to align their processes with the principle of sustainability and take active steps to become — and remain — environmentally friendly.
2.Personalized packaging
Personalization, which can be easily integrated into both primary and secondary packaging, is another increasingly trending concept in the 21st century. With a personal touch becoming even more essential after the pandemic, it’s no surprise that the global personalized packaging market hit the $32.57 billion mark in 2021 and is expected to grow at a CAGR of 5.28% by 2030.
3.Increased preference for flexible packaging
Flexible packaging is convenient, easy to store, and highly practical. When done right, it has better shelf appeal, offers improved cost economics, and is well-suited for eCommerce. Owing to its many advantages, flexibility is becoming another trending packaging requirement in the current era. Businesses can also marry the goal of sustainability with flexibility by choosing materials that check both these boxes, like paper, fabric and recyclable plastic.
4.Smart packaging solutions
Digitization is changing the packaging sector, and the rising trend of innovative packaging solutions is proof of this. Intelligent packaging solutions like biosensors, temperature and freshness indicators and even data carriers like barcodes and RFIDs are revolutionizing packaging as we know it today. Businesses that keep pace with these trends will likely have a head start in the race to the future.
5.Focus on smart and reliable export packaging
The growth of e-commerce and retail, the rise in global food demand, globalization, and the expansion of design and innovation in the product lines of well-known multinational firms all impact the expansion of global trade. Therefore, we may expect to see a trend that focuses on creating smart, reliable, cost-effective export packaging in the coming years.
Want to keep up with the future? Choose the right packaging solutions provider today.
The right packaging solutions provider can help your business easily navigate the new era of sustainable packaging. Choose Moglix to get the advantage of comprehensive sustainability and compliance solutions, quality adherence, vendor consolidation, and inventory management. Visit our website to learn more.
