Analysis of Coal Briquette Box market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Coal briquette boxes are protective packaging solutions that offer protection to fragile or vulnerable coal by keeping them in a fixed position inside the outer case. Coal briquette boxes are used as an addition to the existing case to create stability for the product. Moreover, coal briquette boxes are used for optimal protection as they are designed in such a way that they do not jeopardise the protection of the product.
Coal briquette boxes are mainly made from solid board or cardboard. There are a number of factors that are considered while making coal briquette boxes, such as buckling and bending. Therefore, the outlook for the growth of the global coal briquette box market is expected to be largely positive during the forecast period.
Traditionally the coal briquettes were packed in paper bags. However, this format led to stained clothes and dirty hands. The paper bags were fragile and would often tear by the time it reached the point of sale. The coal briquette boxes work throughout the supply chain. These are redesigned packages with two parts. First, being the inner cage, which is a corrugated fitted box with dividers that holds the coal. Second is the exterior corrugated box designed without grooves in the base.
The global coal briquette box market is anticipated to grow in the next ten years and beyond due to the growth of the global sustainable packaging market. Coal briquette boxes are manufactured using a variety of materials to suit various applications and markets.
One of the key trends observed in the market is the flexibility of these boxes to protect multiple products. Coal briquette boxes are 100% recyclable and are made from renewable sources, which makes them environment-friendly and eliminates the need for plastic or polystyrene protective packaging. Moreover, coal briquette boxes are multipurpose, which makes them suitable for retail-ready, transport, consumer and display packaging and ensures the reduction of damage in transit as the main product is well fixed during transit. Matte lamination (glossy lamination and varnish) on coal briquette boxes is also one of the factors that are expected to fuel the coal briquette boxes market during the forecast period.
In spite of the positive outlook for growth, there are certain factors that are expected to hamper the growth of the global coal briquette boxes market during the forecast period. Awareness about the advantages of coal briquette boxes needs to be spread to boost the demand for these products.
The global coal briquette box market is expected to witness lucrative growth during the forecast period. The APEJ region is expected to drive the global coal briquette box market, especially in countries such as India and China. The North America and Western Europe regions are expected to witness average growth in the overall coal briquette boxes market.
Eastern Europe and Latin America regions are expected to register high growth in the global coal briquette box market in the next decade, due to the growing demand and consumption of the coal briquette boxes. MEA is expected to observe average growth. Japan is expected to witness sluggish growth during the next decade due to the usage of different technology and alternatives in the region.
Some of the key players in the coal briquette box market are:
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The coal briquette box market includes the following segments:
The global Coal Briquette Box market can be segmented on the basis of material type as:
The global coal briquette box market can be segmented on the basis of packaging form as:
The global coal briquette box market can be segmented on the basis of board type as:
The global coal briquette box market can be segmented on the basis of the geographical region as:
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The coal briquette box market size is valued at US$ 2,273.8 Million.
The size of the coal briquette box market is likely to expand at 4.2% CAGR during the forecast period.
The Europe region is likely to lead the coal briquette box market.
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