LONDON, Sept. 28, 2022 (GLOBE NEWSWIRE) — Loud The Business Research Company’s research report on the Box with knurled handle market, the rise of online shopping will impel the growth of Corrugated Handle Boxes market in future. Online shopping allows consumers to purchase goods or services over the Internet using a web browser. Corrugated boxes are used by online retailers as storage or shipping containers. These boxes can be used for anything from functional to decorative.
For example, according to the National Association of Securities Dealers Automated Quotations (NASDAQ), an American exchange that manages global electronic securities trading, predicted that 95% of all purchases in the UK would be made through online platforms by 2040. The increase in the online shopping will drive the growth of the corrugated handle boxes market.
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The global market for corrugated handle boxes is expected to grow $40.94 billion in 2021 to $43.54 billion in 2022 at a compound annual growth rate (CAGR) of 6.4%. The global Corrugated Handle Boxes market is expected to keep growing $52.81 billion in 2026 at a CAGR of 4.9%.
Product innovations are becoming increasingly popular the corrugated box market tendencies. Large companies engaged in the field of corrugated handle boxes focus on efficient and innovative packaging and shipping systems to improve the functionality, durability and convenience of the shipping process and to ensure easy tracking of the packages. For example, in April 2020, Samsung Electronics, a South Korea-based electronics company, launched a new eco-friendly cardboard packaging for its lifestyle TV product portfolio. The packaging is made of corrugated cardboard and comes with a manual that can be accessed by scanning the QR code on the box.
Major players in the Corrugated Handle Boxes market are Reid Packaging, Allen Field Company Inc., Unicraft, …
