Corrugated boxes continue to remain the backbone of industrial packaging. As end-use industries across verticals such as F&B and retail continue to expand aggressively, alignment with user preferences and choices tops the priority list.
Recyclability of corrugated boxes and the high sustainability quotient associated with it are likely to bolster high adoption of corrugated boxes in the coming years. Corrugated boxes comprise of corrugated paperboard, housing several rows and columns of air pockets. The pockets are ideal to give the cushion like stability and support to the packaged items, thus making corrugated boxes a better packaging solution as opposed to regular paperboard. Corrugated boxes are highly recyclable and biodegradable, and they are also obtained from recycled packaging material.
They are also acknowledged for their high strength and flexibility, besides high impact resistance. These boxes are also available in several dimensions and are extremely light built, thus making transportation seamless. Industries such as F&B, apparel, and consumer goods are frontline adopters of corrugated boxes as ideal packaging alternative, as opposed to plastic.
Besides renewable building sources, corrugated boxes tend to scale high on biodegradability as these boxes contain no additional pigments and dyes, thus substantially curbing packaging waste burden and carbon footprint across the globe. Additionally, as these are made from renewable building materials, recycling becomes exceptionally easy, with no additional energy and resource consumption, also limiting dependence on trees for easy raw material access.
Companies across the globe are specifically investing in sustainability, thus recycling of corrugated boxes becomes extremely easy as paper fibers in them can be used multiple times. This also aids economic viability, thus rightfully aligning with the objective of cost efficiency prevalent across industries.
Corrugated box packaging also become highly recommended during emergency situations such as the recent Covid-19 pandemic. Food manufacturers globally, at this time of lock-down and social distancing are relying heavily on corrugated boxes to cater to food packaging needs besides pharmaceutical needs.
Amidst encouraging prospects for corrugated boxes backed by multi-industry usability, leading companies across the globe are specifically focusing on diverse business strategies to continue uninterrupted growth. In this regard, commercial agreements such as M&A deals continue to remain staple growth aids for market participants. Recently, US based packaging major, International Paper has sealed a deal to sell out its corrugated boxes packaging wing of Brazil to Klabin S.A. The deal was sealed for $64.4 million. The company's corrugated box packaging solutions are extensively used for frozen packaged food items.