The global Carton Boards market reached a value of about 76.81 MMT in 2021. The industry is projected to grow at a CAGR of around 3% in the forecast period of 2022-2027 to reach a value of about 90.52 MMT by 2027.
The global Carton Boards industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The market is driven by the increasing demand for sustainable packaging from end-user industries like food and beverage. In the industry report, the key demand indicator is the highest category spender by region—Asia.
In some cases, a carton box or container is constructed of liquid packaging board, paperboard, or corrugated fiberboard. In packing, a variety of cartons are utilised. A carton can also be referred to as a box. It is a multilayer material made of cellulose fibre (pulp) obtained from wood, with three or more layers called plies. The Carton Boards industry report comprises segments by end-use (Pharmaceutical, Tobacco, House Care, Hardware & Electrical, Dry Foods, Frozen Foods, Dairy Products, Chilled Foods, Personal Care, Confectionery), by grades (WLC, FBB, SBS, CUK, LPB, Grey Board) and region (North America, Europe, Asia Pacific, the Middle East, and Africa, and South America).
The Asia region is the largest market in the industry due to China being the most significant product consumer. The efficient demand and supply cycle of the food and beverage, electronic, and personal care sectors, particularly in nations like China, India, and Japan, is driving growth in APAC. The market in the area is being driven by a significant surge in e-commerce business development. APAC is also an industrial powerhouse with a big market. Various factors such as rising consumer goods demand, innovation in electronics and other industries, and so on are likely to drive the expansion of this regional market.
The market is driven by the demand for packaging boxes from many end-user industries. Consumer demand for packaged goods is rising, pushing the use of folding cartons. The growing concerns over the usage of Plastics are putting pressure on the confectionery and dry food industries. As a result, the demand for the boxes is rising. Corrugated board packaging is a flexible and cost-effective way to protect, store, and transport various items. The properties of corrugated boards, such as their lightweight, biodegradability, and recyclability, have made them essential in the packaging business.
Furthermore, due to the ageing population in Western economies, pharmaceutical demand is likely to grow. There is also a need for more sophisticated packaging that is easy to handle for the elderly. The demand for packaging will rise as industrial production rises.
However, concerns over the cost of raw materials are likely to restrict the market's expansion.
The global Carton Boards industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Carton Boards regions, such as engagement models, contract terms, and buyer and supplier negotiation levers.
After tree harvesting, the branches are removed, and just the trunks are transported to a pulp factory by truck. Prominent packaging corporations also own the factories where trees are transformed into kraft paper. The kraft process, often known as the sulphate process because of the chemicals used to break down wood chips into fibre pulp, is applied to the cut tree trunks at the mill. After pulping and other processing, the fibres are delivered straight to the paper machine. They are moulded, pressed, dried, and rolled into the large, heavy rolls of kraft paper sent to corrugating factories to be produced into the cardboard. After manufacture, additional raw materials are utilised to complete the corrugated cardboard. Salespeople and designers collaborate to generate dies, manufacturing, and printing patterns used to cut and print a specific box design.
The market is propelling due to the growing popularity of the e-commerce segment. Various well-known e-commerce firms have employed corrugated board boxes as their primary packaging, packing plastic for particular goods. Because of people's hectic lifestyles, the need for convenience meals is increasing. The boxes keep moisture away from items and can endure extended shipping durations, which businesses increasingly use to provide better results to customers, mainly secondary or tertiary packaging. Processed goods, such as bread, meat products, and other perishable commodities, need single-use packaging materials, driving demand. Companies are increasingly adopting corrugated board packaging to provide better customer outcomes, primarily secondary or tertiary packing because it keeps moisture away from items and can survive lengthy delivery periods.
The regional markets for the industry can be divided into Europe, North America, the Asia Pacific, South America, and the Middle East and Africa.
The corrugated board packaging industry is highly fragmented, with several manufacturers offering corrugated board packaging solutions. Companies continually invent and deliver environmentally friendly packaging items to encourage sustainable packaging. Companies are releasing corrugated box designs for various end-user sectors to capitalise on the prospects. Every year, the market sees several alliances and acquisitions by firms looking to expand their portfolio in the corrugated category. According to the players, these items are made from recycled fibre and virgin pulp. After numerous recycling rounds, however, the paper fibres cannot be re-used in the same value chain. As a result, there is a steady need for virgin wool on the market. As a result, businesses are concentrating on vertical integration by acquiring forest estates to access raw materials for wood pulp. For example, in December 2020, International Paper, a vertically integrated business, held around 314,000 acres of forestland in Brazil.
1. Executive Summary
2. Global Carton Boards Market Snapshot
2.1. Carton Boards Market Outlook
2.2. Carton Boards Industry Analysis by End Use
2.2.3. House Care
2.2.4. Hardware & Electrical
2.2.5. Dry Foods
2.2.6. Frozen Foods
2.2.7. Dairy Products
2.2.8. Chilled Foods
2.2.9. Personal Care
2.3. Carton Boards Industry Analysis by Grades
2.3.6. Grey Board
2.4. Regional Overview
2.4.1. North America
2.4.4. Latin America
3. Impact of Recent Events
4. Carton Boards Value Chain Analysis
5. Carton Boards Production Process
6. Trade Analysis
7. Major Risk Factors in Sourcing
8. Carton Boards Cost Structure
9. Carton Boards Price Analysis
10. Key Demand Indicator Analysis
11. Key Price Indicator Analysis
12. Carton Boards Market Dynamics
12.1. Drivers & Constraints
12.2. Industry Events
12.3. Innovations & Trends
12.4. SWOT Analysis
12.5. Porter’s Five Forces
12.5.1. Buyer Power
12.5.2. Supplier Power
12.5.3. Threat of New entrants
12.5.4. Threat of Substitutes
12.5.5. Industry Rivalry
13. Feedstock Market Analysis
13.1. Market Overview
13.2. Price Analysis
14. Industry Best Practices
14.1. Sourcing Strategy
14.2. Procurement Model
14.3. Contract Structure
14.4. Negotiation Levers
14.5. Pricing Model
14.6. Key Factors Influencing the Quotation
15. Key Supplier Analysis
15.1. WestRock Company
15.2. Graphic Packaging Holding Company
15.3. Mayr Melnhof Karton AG
15.4. Metsa Board Oyj
15.5. Stora Enso Oyj
The global Carton Boards market size was 76.81 MMT in 2021.
As per the end-use provided, the Pharma segment is anticipated to lead the market between the period 2022 – 2027.
The significant demand for the product for end-user packaging is one of the essential drivers of the Carton Boards market growth.
WestRock, Graphic Packaging International, Mayr Melnhof, Metsa Board, and Stora Enso are some of the key companies in the market.
The Asia region of the Carton Boards industry holds a significant share in the market.
The global Carton Boards market attained a value of 76.81 MMT in 2021, driven by the demand for packaging boxes from a wide range of end-user industries. The growing concerns over plastic usage are further propelling the market's expansion. Furthermore, the ever-increasing shift towards e-commerce is furthering the demand for cardboard packaging. Hence, the market is expected to witness further growth in 2022-2027, growing at a CAGR of 3%. The market is projected to reach 90.52 MMT by 2027. Some of the leading players in the industry are WestRock, Graphic Packaging International, Mayr Melnhof, Metsa Board, and Stora Enso.
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