Is there an 'Extract to...' context menu option for the Archive Manager application in Nautilus?

Solution 1:

Yes you can. Install the Nautilus Actions Configuration utility. To do so

Just press Ctrl+Alt+T on your keyboard to open Terminal. When it opens, run the commands below.

sudo apt-get install nautilus-actions

Or

For information on how to use it, you can take a look at this. It shows you an example on how to use it

Solution 2:

Having to manually create the folder first becomes really tedious when dealing with lots of archives.

This is not required. Try creating a zip file with 2 files without a folder. When you extract it with "Extract here" it will create the folder automatically.

If the folder exists, it will create a new folder, MyArchiveFilename (2).

If there's only one file in the archive, only then it is extracted in the current directory, without creating a subfolder.