The global Corrugated Boards market produced a volume of about 172.5 MMT in 2021. The industry is projected to grow at a CAGR of around 3.5% in the forecast period of 2022-2027 to produce a volume of about 212 MMT by 2027.
The global Corrugated 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 primarily driven by the demand for packaging from various end-user industries. The Asia Pacific is the highest category spender by region, driving the need for the Corrugated Boards industry.
Corrugated fibreboard or composite board comprises one or two flat linerboards and a fluted corrugated sheet. Both are composed of containerboard, a specific type of solid paper. The Corrugated Boards industry report comprises segments by application (Processed Foods, Fresh Food and Produce, Beverages, Personal Care, Paper Products, E-Commerce, Chemicals, and others) and region (North America, Europe, Asia Pacific, the Middle East, and Africa, and Latin America).
The Asia Pacific holds the largest share in the industry due to the growing per capita income, changing social climate, and demography in China. The growth of e-commerce behemoths is projected to propel the corrugated packaging industry. In addition, factors like rising urban population, dropping pulp prices, and increasing population awareness about eco-friendly packaging are furthering the industry's expansion.
The market is being propelled by the various properties of the material, including being lightweight, biodegradability, and recyclability, making it an essential component of the packaging sector. Furthermore, it is heavily employed in transporting various goods flexibly and cost-effectively to protect items. In addition, due to rising concerns over sustainability, It is gradually replacing flexible plastic bags, further boosting sales in the sector. Also, corrugated packaging goods provide special protection to delicate, heavy, bulky, or high-value objects in storage and transit. Many layers add strength to the interest and make it more robust than ordinary cardboard, likely to propel demand.
However, the use of raw material in manufacturing the material is likely to harm the environment, which can act as a market restraint.
The global Corrugated Boards industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Corrugated Boards regions across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
Corrugated board is made on corrugators, which are massive, high-precision manufacturing lines. Paper is the essential raw material in corrugating, with varying grades for each layer that makes up the corrugated box. Paper reels are kept in stock at most corrugating operations. The paper is softened with high-pressure steam in a traditional corrugator. The board is then dried in the so-called dry end once made. Hot plates heat the newly created corrugated board from the bottom. A loading system on the belt applies varying pressures at the top. It is heated, wet, and shaped into a fluted pattern on geared wheels at the single facer. This is adhered to a flat linerboard with a starch-based adhesive to make a single face board. A second flat linerboard is attached to the different sides of the fluted medium at the double-backer to make a single wall corrugated board. Test liners (recycled paper) or kraft paperboard are used as linerboards. The liner might be pre-printed, bleached white, mottled white, or coloured.
The product's extensive application is aiding the industry in the food and beverage sector. People's hectic lifestyles are driving more demand for convenience meals. Corrugated board packing keeps moisture out and can survive extended delivery durations; therefore, businesses increasingly use it to provide better service to their clients. Corrugated boards are commonly used for packaging snacks, ready-to-eat (RTE) meals, meat, fruits, and other perishable commodities, and need single-use packaging materials, driving demand. Furthermore, they make an excellent foundation for a variety of printing techniques. As a result, businesses favour corrugated packaging as a marketing tool. They also serve as movable billboards, allowing companies to avoid spending extra money on promotions.
The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
The corrugated board industry is highly fragmented, with many firms offering corrugated board packaging services. Companies are always coming up with new ways to encourage sustainable packaging and provide environmentally friendly packaging. To elevate their market position, these players have implemented some growth tactics. These companies use expansion, new product development, mergers and acquisitions, and cooperation as essential growth strategies to enhance their product spectrum and geographical presence to fulfil the rising demand for corrugated boxes from emerging nations. Companies continually invent and deliver environmentally friendly packaging items to encourage sustainable packaging. Various organisations are publishing corrugated box designs for several end-user sectors to capitalise on the possibilities.
1. Executive Summary
2. Corrugated Boards Market Snapshot
2.1. Corrugated Boards Market Outlook
2.2. Corrugated Boards Industry Analysis by Application
2.2.1. Processed Foods
2.2.2. Fresh Food and Produce
2.2.4. Personal Care
2.2.5. Paper Products
2.3. Regional Overview
2.3.1. North America
2.3.3. Asia Pacific
2.3.4. Latin America
2.3.5. Middle East and Africa
3. Key Trends in Application
4. Impact of Recent Events
5. Corrugated Boards Value Chain Analysis
6. Corrugated Boards Production Process
7. Trade Analysis
8. Major Risk Factors in Sourcing
9. Corrugated Boards Cost Structure
10. Corrugated Boards Cost Saving Opportunities
11. Corrugated Boards Price Analysis
12. Key Demand Indicator Analysis
13. Key Price Indicator Analysis
14. Corrugated Boards Market Dynamics
14.1. Drivers & Constraints
14.2. Industry Events
14.3. Swot Analysis
14.4. Porter’s Five Forces
14.4.1. Buyer Power
14.4.2. Supplier Power
14.4.3. Threat of New Entrants
14.4.4. Threat of Substitutes
14.4.5. Industry Rivalry
15. Industry Best Practices
15.1. Sourcing Strategy
15.2. Procurement Model
15.3. Contract Structure
15.4. Negotiation Levers
15.5. Pricing Model
15.6. Key Factors Influencing the Quotation
16. Key Supplier Analysis
16.1. The International Paper Company
16.2. WestRock Company
16.3. The Smurfit Kappa Group Plc
16.4. Nine Dragons Paper Limited
16.5. DS Smith Plc
The global Corrugated Boards market produced a volume of about 172.5 MMT in 2021.
In the forecast period of 2022-2027, the market is projected to grow at a CAGR of 3.5%.
The significant demand for sustainable packaging is one of the essential drivers of the Corrugated Boards market growth.
The International Paper Company, WestRock Company, The Smurfit Kappa Group Plc, Nine Dragons Paper Limited, and DS Smith Plc. are some of the prominent companies in the market.
The Asia Pacific region of the Corrugated Boards industry holds a significant share in the market.
The global Corrugated Boards market produced a volume of about 172.5 MMT in 2021, driven by the various properties of the material, including being lightweight, biodegradability, recyclability flexible, and cost-effective way of packaging. Aided by the product's extensive application in the food and beverage sector, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 3.5%. The market is projected to produce a volume of about 212 MMT by 2027. Some of the leading players in the industry are The International Paper Company, WestRock Company, The Smurfit Kappa Group Plc, Nine Dragons Paper Limited, and DS Smith Plc.
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