Global Tuck Top Box Market is segmented By Material Type (Recycled, Virgin), By Board Type (Single Wall Board, Double Wall Board, Triple Wall Board), By Grade Type (Liner, Fluting Medium), By End-User (Food Industry, Electrical & Electronics, Healthcare, Tobacco, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029
Market Overview
The global tuck top box market is estimated to reach at a high CAGR of 3.95% during the forecast period 2022-2029.
Tuck top box is a folding carton format made from paperboard, first cut, bent, and pasted before packaging. Tuck top box is used in several end-use industries like food & beverages, automotive, electrical & electronics, personal care & cosmetics, e-commerce for mailing and shipping.
Properties such as lightweight, ease of use, enhanced shelf appeal, recyclability, and environmentally friendly material make the tuck top box one of the most preferred folding carton formats. Therefore, they are used for space utilization in transportation and merchandising during a point of sale (POS).
Carton and corrugated paperboard suppliers are capitalizing on this opportunity to meet the diverse needs of end-users in the food industry.
Market Dynamics
The global push for sustainability is anticipated to boost the tuck top box market
In recent years there has been a global shift towards more environmentally sustainable ways of working. The world’s biggest companies are also increasingly disclosing their greenhouse gas emissions and other energy metrics. Regarding the global push for sustainability, paper-based packaging solutions such as kraft tubes have witnessed a significant boost in the past few years.
The trend is expected to continue further and contribute to the growth of the paperboard tuck top box market in the forecast period. Hence, the boxes are being increasingly used for shipping industry-specific products.
High demand for light-weight packaging is anticipated to drive the market
The high demand for lightweight packaging products significantly fuels the growth of the global tuck top box market. Several manufacturers have started using lightweight packaging products to address cost-related concerns across the value chain.
Moreover, many industries are seeing progressive benefits since the adoption of lightweight packaging. Several packaging production companies endeavour to embrace it as this way of packaging can reduce overall costs, save energy during the production and transportation apart from its primary benefits light-weight and recycling efficiency. The food and beverage industry are especially striving to rack up the shelves with products that weigh less through the usage of different packaging materials and methods.
Susceptibility to heavy and fragile items are a restraint of tuck top box market
Tuck top boxes are made up generally made up of paperboard. These boxes may get deformed because of the extreme pressure or when stacked while transporting and mailing, resulting in damaged products.
Due to the low endurance to mechanical stresses of paperboard, these boxes are not for packaging certain heavy items. Moreover, they are not the best option for weatherproofing like water and other types of liquid.
Because of these limitations, they are being replaced with new method packaging and mailing boxes.
Segment Analysis
Based on material type, the tuck top box market is segmented into virgin and recycled paperboard.
Recycled paperboard is expected to dominate the market due to environment-friendly and sustainable options
Recycling cardboard and paperboard is pretty straightforward. It is a high-quality material that can be recycled multiple times. As per the fact, it is recycled more than any other packaging material in the U.S. In addition, recycling boxes reduces processing pollution by 95% because the fibre has already been processed.
The industry’s unwavering commitment to increasing recovery, such as its sponsorship of educational programs reaching schools, communities, packaging professionals and buyers, and retailers, has driven these results. This prolonged and focused effort on recovery and reuse is one of many things that makes cardboard or paperboard boxes extraordinary.
Therefore, companies are more into manufacturing recycled-based boxes. For instance, EcoEnclose offers 100% recycled custom shipping boxes in all styles, sizes, and configurations.
Geographical Analysis
The global market for tuck top boxes has been divided into five regions: North America, South America, Europe, Asia-Pacific and Middle East & Africa.
The demand for packaging peanuts in the North American market is expected to remain at the dominant position in sales and value generation due to the increasing volume of trade and e-commerce in countries such as the U.S.
Besides, the Asia-Pacific market is expected to expand at a higher rate than the rest of the regions due to the increasing number of small and unorganized packaging manufacturers in emerging countries such as China, India, Indonesia, and others. Manufacturers of packaging peanuts have opportunities to invest in the growing market, such as the Asia-Pacific region.
Competitive Landscape
The tuck top box market is moderately competitive with the presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include U Pack, Smurfit Kappa, DS Smith plc, WestRock Company, Sonoco Products Company, Mayr-Melnhof Karton AG, LALIT PACKAGING, Sri Uma Cartons Pvt Ltd, Khosla Printers., West Pac Pkg, Inc., Boxmaster among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the tuck top box market globally.
DS Smith plc
Overview: DS Smith plc is a British multinational packaging company headquartered in London, England.
Product Portfolio: Ds Smith plc offers a wide range of tuck top box including cardboard boxes for e-commerce, provision boxes, boxes with different greetings.
Key Developments:
- DS Smith plc develops a sustainable e-commerce box for Toff Design shishas. The material-optimized solution requires just as little filling material as adhesive tape because the box can be closed and securely using tuck-in tabs
The global tuck top box market report would provide access to an approx. 69 market data table, 61 figures and 180 pages.