Corrugated Board Market is Anticipated to Grow US$ 151.7 Bn By 2030
The global Corrugated Board market size is expected to reach USD 151.7 billion by 2030 and is expected to expand at a CAGR of 7.5% from 2021 to 2030.
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Growth Factors
The product demand is projected to be driven by the growth in e-commerce packaging and the rising usage of eco-friendly packaging solutions across the world due to strict regulations by regional governments.
The increased dependency on e-commerce retail supported by growing smartphone and internet usage in countries, such as China and India, has resulted in the growth of home delivery services, accelerating the demand for safer packaging solutions. Increasing penetration of the e-commerce industry in emerging economies with a rising trend of m-commerce is expected to fuel the market growth.
Report Coverage
Report Scope | Details |
Market Size | USD 151.7 billion by 2030 |
Growth Rate | CAGR of 7.5% From 2021 to 2030 |
Base Year | 2021 |
Historic Data | 2017 to 2020 |
Forecast Period | 2021 to 2030 |
Segments Covered | Flute type, Board style |
Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Companies Mentioned | International Paper; Georgia-Pacific; WestRock Company; Packaging Corporation of America; Stora Enso; Oji Holdings Corporation; Smurfit Kappa; Port Townsend Paper Company; Mondi; DS Smith |
Report Highlights
C-Flute hold the largest revenue share of 31.4% in 2020. It is commonly used for shipping cases, packaging glass products,furniture, and products in the automotive industry. Higher thickness enables stacking and the ability to withstand pressure, thereby resisting bending & further damage. Therefore, the A-flute segment is expected to grow rapidly over the forecast period.
The thickness of F-flutes, which is lower than E-flute, allows reduced usage of paper fiber required for making a rigid package, which helps minimize solid waste. Manufacturers are focusing on lowering the usage of fibers to create eco-friendly solutions and save on freight & shipping costs. For instance, Georgia-Pacific is concentrating on offering smaller flutes and graphics-oriented linerboards to provide printable surfaces.
Manufacturers are focusing on lowering the usage of fibers to create eco-friendly solutions and save on freight & shipping costs. For instance, Georgia-Pacific is concentrating on offering smaller flutes and graphics-oriented linerboards to provide printable surfaces.
Single-face boards are also used as an inner packaging material to keep the individual items separate in outer packaging and offer added protection to the packaged goods. Since, it offers a sustainable solution against bubble wrap or loose-fill protective products derived from plastic. Double-wall boards can be used for stacking and reinforcing applications and for separating fanfold.
Asia Pacific accounted the market with a revenue share of 39% in 2020. Rapid urbanization in highly populated countries, such as China, India, and Indonesia, drives the demand for packaging products. Growing awareness about the environment is expected to result in increased demand for greener packaging solutions driving the market growth. Therefore, a growing foothold of companies from the Asia Pacific region in the packaging of various products is expected to propel market growth.
Europe dominated for more than 28% of the overall volume share in 2020. The growth of this market can be attributed to the wide product application scope in the regional processed food and electronics industries.
As per The European Federation of Corrugated Board Manufacturers (Fefco) Annual Statistics 2019, about 28.8% of the total shipment of corrugated board was captured by the processed food sector in Italy as a percentage of turnover, followed by beverages at 11.4%, dairy products at 10%, and 6.2% for FMCG.
Key Players
- International Paper
- Georgia-Pacific
- WestRock Company
- Packaging Corporation of America
- Stora Enso
- Oji Holdings Corporation
- Smurfit Kappa
- Port Townsend Paper Company
- Mondi
- DS Smith
Market Segmentation
- Flute Type
- A-Flute
- B-Flute
- C-Flute
- E-Flute
- F-Flute
- Others
- Board Style
- Single Face
- Single Wall
- Double Wall
- Triple Wall
- Regional
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Asia Pacific
- China
- Japan
- India
- South Korea
- Central & South America (CSA)
- Brazil
- Middle East & Africa (MEA)
- South Africa
- North America
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Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Corrugated Board Market, By Flute Type
7.1. Corrugated Board Market, by Flute Type, 2021-2030
7.1.1. A-Flute
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. B-Flute
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. C-Flute
7.1.3.1. Market Revenue and Forecast (2017-2030)
7.1.4. E-Flute
7.1.4.1. Market Revenue and Forecast (2017-2030)
7.1.5. F-Flute
7.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Corrugated Board Market, By Board Style
8.1. Corrugated Board Market, by Board Style, 2021-2030
8.1.1. Single Face
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Single Wall
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Double Wall
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Triple Wall
8.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Corrugated Board Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Flute Type (2017-2030)
9.1.2. Market Revenue and Forecast, by Board Style (2017-2030)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Flute Type (2017-2030)
9.1.3.2. Market Revenue and Forecast, by Board Style (2017-2030)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Flute Type (2017-2030)
9.1.4.2. Market Revenue and Forecast, by Board Style (2017-2030)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Flute Type (2017-2030)
9.2.2. Market Revenue and Forecast, by Board Style (2017-2030)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Flute Type (2017-2030)
9.2.3.2. Market Revenue and Forecast, by Board Style (2017-2030)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Flute Type (2017-2030)
9.2.4.2. Market Revenue and Forecast, by Board Style (2017-2030)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Flute Type (2017-2030)
9.2.5.2. Market Revenue and Forecast, by Board Style (2017-2030)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Flute Type (2017-2030)
9.2.6.2. Market Revenue and Forecast, by Board Style (2017-2030)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Flute Type (2017-2030)
9.3.2. Market Revenue and Forecast, by Board Style (2017-2030)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Flute Type (2017-2030)
9.3.3.2. Market Revenue and Forecast, by Board Style (2017-2030)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Flute Type (2017-2030)
9.3.4.2. Market Revenue and Forecast, by Board Style (2017-2030)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Flute Type (2017-2030)
9.3.5.2. Market Revenue and Forecast, by Board Style (2017-2030)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Flute Type (2017-2030)
9.3.6.2. Market Revenue and Forecast, by Board Style (2017-2030)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Flute Type (2017-2030)
9.4.2. Market Revenue and Forecast, by Board Style (2017-2030)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Flute Type (2017-2030)
9.4.3.2. Market Revenue and Forecast, by Board Style (2017-2030)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Flute Type (2017-2030)
9.4.4.2. Market Revenue and Forecast, by Board Style (2017-2030)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Flute Type (2017-2030)
9.4.5.2. Market Revenue and Forecast, by Board Style (2017-2030)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Flute Type (2017-2030)
9.4.6.2. Market Revenue and Forecast, by Board Style (2017-2030)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Flute Type (2017-2030)
9.5.2. Market Revenue and Forecast, by Board Style (2017-2030)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Flute Type (2017-2030)
9.5.3.2. Market Revenue and Forecast, by Board Style (2017-2030)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Flute Type (2017-2030)
9.5.4.2. Market Revenue and Forecast, by Board Style (2017-2030)
Chapter 10. Company Profiles
10.1. International Paper
10.1.1. Company Overview
10.1.2. Flute Type Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. Georgia-Pacific
10.2.1. Company Overview
10.2.2. Flute Type Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. WestRock Company
10.3.1. Company Overview
10.3.2. Flute Type Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Packaging Corporation of America
10.4.1. Company Overview
10.4.2. Flute Type Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. Stora Enso
10.5.1. Company Overview
10.5.2. Flute Type Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Oji Holdings Corporation
10.6.1. Company Overview
10.6.2. Flute Type Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Smurfit Kappa
10.7.1. Company Overview
10.7.2. Flute Type Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. Port Townsend Paper Company
10.8.1. Company Overview
10.8.2. Flute Type Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. Mondi
10.9.1. Company Overview
10.9.2. Flute Type Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. DS Smith
10.10.1. Company Overview
10.10.2. Flute Type Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
Chapter 11. Research Methodology
11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions
Chapter 12. Appendix
12.1. About Us
Glossary of Terms
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