[Research Report] The corrugated boards market was valued at US$ 127,139.07 million in 2021 and is projected to reach US$ 192,153.31 million by 2028; it is expected to grow at a CAGR of 6.1% from 2021 to 2028.
Corrugated packaging involves the packaging of various goods, such as food and beverage products, consumer durables, and electronics and electrical appliances, in corrugated boxes for secondary transportation. The use of corrugated board for packaging is a cost-effective and adaptable packaging technique for protecting, preserving, and transporting a variety of items. Corrugated boards are suitable for application in a variety of industries, such as food & beverages, consumer durables, electrical and electronics, paper, chemicals, personal care and home products, agriculture, forestry, fishing, and plastic and rubber products.
In 2020, Asia-Pacific held the largest share of the global corrugated boards market and is estimated to register the highest CAGR in the market during the forecast period. In Asia-Pacific, there has been an increase in the consumption of corrugated boards in various industries, such as food & beverages, electronics, and e-commerce. The rise in awareness regarding sustainable and cost-effective corrugated board packaging solutions, which are used in the transportation of products, and various initiatives by the government to ban plastic packaging in several Asian countries would boost the demand for corrugated boards in the region in the coming years. Also, an increase in awareness about the environment propels the demand for greener packaging solutions, which is driving the growth of corrugated boards market. In addition, the rise in the demand for electronic goods, automotive parts, home care, and beauty & personal care products from domestic and international markets is fueling the demand for corrugated boxes, thereby driving the corrugated board market growth. The e-commerce industry is growing at a rapid pace in the region. One of the main e-commerce retailers, Amazon is using corrugated board boxes for the principal packaging and rely on plastic packaging for individual items in Asia-Pacific. In Thailand, the increasing concerns related to packaging wastes are likely to compel government to make regulations that prompts the citizens to adopt environment-friendly options, such as folding cartons or corrugated boxes, as a viable choice for packaging, which would provide growth opportunities for the corrugated boards market in the region during the forecast period.
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Corrugated Boards Market: Strategic Insights
Market Size Value in US$ 127,139.07 million in 2021 Market Size Value by US$ 192,153.31 million by 2028 Growth rate CAGR of 6.1% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Corrugated Boards Market: Strategic Insights
| Market Size Value in | US$ 127,139.07 million in 2021 |
| Market Size Value by | US$ 192,153.31 million by 2028 |
| Growth rate | CAGR of 6.1% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on Corrugated Boards Market
Many sectors, such as the chemicals & materials industry, faced unprecedented challenges due to the COVID-19 pandemic. The implementation of COVID-19 safety protocols led to the shortage of raw material and labor, shutdown of factories, and other operational difficulties. Therefore, companies involved in the manufacturing of packaging products faced a contraction in sales during the initial months of the pandemic. The e-commerce sector witnessed a significant demand for various products, such as packaged food and beverages, groceries, daily essentials, consumer durable goods, owing to the shutdown of offline stores. With the rapidly growing e-commerce sector, even in the COVID-19 pandemic, there was a significant demand for corrugated boards from the e-commerce sector to package and transfer various goods. However, due to shortage of raw materials and shutdown of manufacturing units due to extended nationwide lockdowns, there was a huge demand and supply gap, which negatively impacted the corrugated boards market growth. Moreover, due to slowdown in logistics operations, the packaging industry faced a significant loss.
Businesses are gaining ground as the governments of various countries eased out the previously imposed restrictions. Moreover, the introduction of COVID-19 vaccine has eased out the situation, leading to a rise in business activities across the world. Moreover, logistics companies involved in the transportation of daily essential goods and food and beverage products propelled the demand for corrugated boards. Thus, the global corrugated boards market is expected to grow significantly in the coming years. The COVID-19 pandemic has spurred the development of the e-commerce industry. It has given customers access to a wide range of products, such as essential goods, convenience products, and safety goods. It has also allowed businesses to continue operating despite limitations and restrictions imposed on various industrial and transportation activities. The e-commerce industry has significantly contributed to the revival of logistics operations, which, in turn, is expected to bolster the growth of the corrugated boards market in the coming years.
Market Insights
Rapid Expansion of Online Retail
E-commerce platforms have gained a significant momentum across the world owing to the rising investments by businesses in the expansion of their geographic reach through diverse distribution channels, along with the growth of the industrial sector. As a result, direct-to-consumer deliveries have surged by 20-times or more than standard distribution. Moreover, online retailers have experienced a significant growth in the past several years owing to technological innovations, which has propelled the demand for corrugated packaging products. The COVID-19 pandemic has aggravated the growth of online retail due to social distancing being mandated at public places and restrictions enacted on conducting face-to-face commerce. As per an article published by The Rio Times in March 2021, revenues generated from e-commerce distribution channels rose by 41% in 2020, with more than 194 million orders placed by Brazilian consumers in the year. This is considered as the highest recorded percentage increase in Brazil since 2007. According to Eurostat, 70% of the European population were e-shoppers in 2020, which was 60% in 2016. Therefore, the growth of the e-commerce industry propels the demand for advanced packaging solutions, such as corrugated boards, across the world.
Application Insights
Based on application, the corrugated boards market is segmented into food and beverage, e-commerce, consumer durables, electrical and electronics, and others. The food and beverage segment accounted for the largest market share in 2020, whereas the e-commerce segment is expected to register the highest CAGR in the market during the forecast period. In the food & beverages industry, corrugated boards are frequently utilized in the packaging and transportation of various food products. They are used to manufacture cartons and boxes that offer a firm cushion while transporting and handling various items, such as fresh fruits and vegetables, meat products, eggs, and bakery products, and they are one of the safest and most hygienic packaging options available in the market. Corrugated boards are clean and hygienic since they are manufactured at high temperatures. The boards maintain optimum moisture levels and prevent bacteria from growing, making them ideal for shipping perishable foods. This factor is expected to fuel the demand for corrugated boards from the food & beverages packaging industry in the coming years.
A few players operating in the corrugated boards market are IRANI PAPEL E EMBALAGEM S.A.; Smurfit Kappa; Klabin S.A.; WestRock Company; International Paper; Arcor; Klingele Papierwerke GmbH & Co. KG; Papeles y Conversiones de México; Mondi; and NIPPON PAPER INDUSTRIES CO., LTD.
Corrugated Boards Market Report Scope
Report Spotlights
- Progressive industry trends in the corrugated boards market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the corrugated boards market from 2019 to 2028
- Estimation of global demand for corrugated boards
- Porter’s five forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook as well as factors driving and restraining the growth of the corrugated boards market
- Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- The size of the corrugated boards market size at various nodes
- Detailed overview and segmentation of the market, as well as the corrugated boards industry dynamics
- Size of the corrugated boards market in various regions with promising growth opportunities
Corrugated Boards Market – by Application
- Food and Beverage
- E-commerce
- Consumer Durables
- Electrical and Electronics
- Others
Company Profiles
- IRANI PAPEL E EMBALAGEM S.A.
- Smurfit Kappa
- Klabin S.A.
- WestRock Company
- International Paper
- Arcor
- Klingele Papierwerke GmbH & Co. KG
- Papeles y Conversiones de México
- Mondi
- NIPPON PAPER INDUSTRIES CO., LTD.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, Chile, China, Colombia, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Asia-Pacific is estimated to register the fastest CAGR in the market over the forecast period. In Asia Pacific, there has been an increase in the consumption of corrugated board in various industries such as food and beverage, electronics and e-commerce. The rise in awareness regarding sustainable and cost-effective corrugated board packaging solutions, which can be used in transportation of products will boost the demand for corrugated board in the region. Along with this, an increase in awareness about the environment is expected to result in increased demand for greener packaging solutions driving the market growth. Various initiatives taken by the government to ban plastic packaging in several Asian countries are also expected to accelerate product consumption. In accordance with this, the rise in the demand for electronic goods, automotive parts, home care, and beauty & personal care products, from domestic and international markets, is leading to an increase in demand for corrugated boxes, thereby driving the corrugated board market growth.
Based on application, the consumer durables segment held the second-most leading share in the global corrugated boards market in 2020. Consumer durables are a type of consumer goods that do not wear out quickly; as a result, they do not require frequent replacements. This category includes products such as furniture, sports equipment, and jewelry, among others. The packaging of such goods becomes particularly vital as they must arrive in pristine condition to the consumer. These items are frequently heavy and subject to mishandling during transportation. Moreover, these goods are susceptible to damages such as dents and scratches, affecting their appearance. As a result, the packaging is relatively difficult. The use of corrugated boards in the packaging of consumer durables protects them against damage and ensures safe transportation. Corrugated cartons and boards provide adequate protection from shock and vibration to the consumer durable goods in transit and warehousing. Manufacturers use thick-walled corrugated boards laminated with a plastic film to prevent the goods from moisture, scratches, and other damages. The increasing population and rising disposable income are driving the sales of consumer durables which is eventually driving the demand for corrugated boards from the consumer durables application segment.
On the basis of application, the food and beverage segment is leading the corrugated boards market in 2020. In the food and beverage industry, corrugated boards are frequently utilized in the packaging and transportation of various food products. They are used to manufacture cartons and boxes that offer a firm cushion while transporting and handling fresh fruits and vegetables, meat products, eggs, and bakery products, among other items, and they are one of the safest and most hygienic packaging options available in the market. Corrugated boards are clean and hygienic since they are manufactured at high temperatures. They maintain optimum moisture levels and prevent bacteria from growing, making them ideal for shipping perishable foods. This factor is expected to leverage the demand for corrugated boards from the food and beverage packaging industry in the forthcoming years.
Based on application, the e-commerce segment is expected to grow at the fastest CAGR from 2021 to 2028. E-commerce businesses primarily rely on logistics operations since delivering products to end customers is one of the primary components of their operations. Faster and shorter demand cycles necessitate increased flexibility and agility in e-commerce logistics. Corrugated boxes have been the backbone of e-commerce, enabling safe, flexible, and convenient transportation of various products worldwide. Moreover, as corrugated boards are inexpensive, they lower the packaging and transportation costs of logistics companies, thereby reducing the expenses of e-commerce retailers. Corrugated boxes can resist the rigors of transportation while protecting products in transit from damage. They have been widely used in the transportation of an array of products, from groceries to electronics. Thus, the rapidly growing e-commerce industry and growing utilization of corrugated boxes in e-commerce operations are the factors bolstering the demand for corrugated boards.
The major players operating in the corrugated boards market are IRANI PAPEL E EMBALAGEM S.A., Smurfit Kappa, Klabin S.A., WestRock Company, International Paper, Arcor, Klingele Papierwerke GmbH & Co. KG, Papeles y Conversiones de México, Mondi, and NIPPON PAPER INDUSTRIES CO., LTD.
In 2020, Asia Pacific held the largest revenue share of the global corrugated boards market and is also expected to register the highest CAGR during the forecast period. Rising urbanization, rapidly emerging e-commerce sector, changing retail landscape, and increasing requirement for flexible packaging solutions from the food and beverage industry across the region are some of the crucial factors driving the growth of corrugated boards market. Moreover, growing prevalence of food delivery services owing to changing lifestyles of consumers in Asia-Pacific is also projected to further propel the market growth over the forecast period. Various initiatives taken by the government to ban plastic packaging in several Asian countries are also expected to accelerate product consumption. In accordance with this, the rise in the demand for electronic goods, automotive parts, home care, and beauty & personal care products, from domestic and international markets, is leading to an increase in demand for corrugated boxes, thereby driving the corrugated board market growth. The e-commerce industry is growing at a rapid pace in the recent years. One of the main e-commerce retailers, Amazon is using corrugated board boxes for the principal packaging and rely on plastic packaging for individual items in the Asia Pacific region. This factor is potentially propelling the growth of corrugated boards market across Asia-Pacific.
1. Introduction. 16
1.1 Study Scope. 16
1.2 The Insight Partners Research Report Guidance. 16
1.3 Market Segmentation. 17
2. Key Takeaways. 19
3. Research Methodology. 23
3.1 Scope of the Study. 23
3.2 Research Methodology. 23
3.2.1 Data Collection: 24
3.2.2 Primary Interviews: 24
3.2.3 Hypothesis formulation: 25
3.2.4 Macro-economic factor analysis: 25
3.2.5 Developing base number: 25
3.2.6 Data Triangulation: 25
3.2.7 Country level data: 26
4. Corrugated Boards Market Landscape. 27
4.1 Market Overview.. 27
4.2 Porter’s Five Forces Analysis. 28
4.2.1 Bargaining Power of Suppliers. 28
4.2.2 Bargaining Power of Buyers. 29
4.2.3 Threat of Substitutes. 29
4.2.4 Threat of New Entrants. 29
4.2.5 Intensity of Competitive Rivalry. 29
4.3 Expert Opinion. 30
4.4 Ecosystem Analysis. 30
5. Corrugated Board Market – Key Market Dynamics. 32
5.1 Market Drivers. 32
5.1.1 Growing Demand for Corrugated Boards in Diverse Application Range. 32
5.1.2 Rapid Expansion of Online Retail 32
5.2 Market Restraints. 33
5.2.1 Fluctuating Prices of Raw Materials. 33
5.3 Market Opportunities. 33
5.3.1 Escalating Demand for Sustainable and Lightweight Packaging Materials. 33
5.4 Future Trends. 34
5.4.1 Advancements in Digital Printing. 34
5.5 Impact Analysis of Drivers and Restraints. 34
6. Corrugated Boards – Global Market Analysis. 35
6.1 Corrugated Boards Market Overview.. 35
6.2 Corrugated Boards Market –Revenue and Forecast to 2028 (US$ Million) 37
6.3 Market Positioning - Corrugated Boards Market Players. 37
7. Corrugated Board Market Analysis – By Application. 39
7.1 Overview.. 39
7.2 Corrugated Board Market, By Application (2020 and 2028) 39
7.3 Food and Beverages. 39
7.3.1 Overview.. 39
7.3.2 Food and Beverages: Corrugated Boards Market – Revenue and Forecast To 2028 (US$ Million) 40
7.3.3 Processed Food Industry. 40
7.3.3.1 Overview.. 40
7.3.3.2 Processed Food Industry: Corrugated Boards Market – Revenue and Forecast To 2028 (US$ Million) 40
7.3.4 Fresh Fruit and Vegetable Packaging. 41
7.3.4.1 Overview.. 41
7.3.4.2 Fresh Fruit and Vegetable Packaging: Corrugated Boards Market – Revenue and Forecast To 2028 (US$ Million) 41
7.3.5 Others. 41
7.3.5.1 Overview.. 41
7.3.5.2 Others: Corrugated Boards Market – Revenue and Forecast To 2028 (US$ Million) 42
7.4 E- Commerce. 43
7.4.1 Overview.. 43
7.4.2 E-Commerce: Corrugated Boards Market – Revenue and Forecast To 2028 (US$ Million) 43
7.5 Consumer Durables. 44
7.5.1 Overview.. 44
7.5.2 Consumer Durables: Corrugated Boards Market – Revenue and Forecast To 2028 (US$ Million) 44
7.6 Electronics and Electricals. 45
7.6.1 Overview.. 45
7.6.2 Electronics and Electricals: Corrugated Boards Market – Revenue and Forecast To 2028 (US$ Million) 45
7.7 Others. 46
7.7.1 Overview.. 46
7.7.2 Others: Corrugated Boards Market – Revenue and Forecast To 2028 (US$ Million) 46
8. Corrugated Board Market – Geographic Analysis. 47
8.1 Overview.. 47
8.2 North America: Corrugated Board Market 47
8.2.1 North America: Corrugated Board Market –Revenue and Forecast to 2028 (US$ Million) 48
8.2.2 North America: Corrugated Board Market, by Application. 49
8.2.3 North America: Corrugated Board Market, by Key Country. 50
8.2.3.1 US: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 50
8.2.3.1.1 US: Corrugated Board Market, by Application. 51
8.2.3.2 Canada: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 52
8.2.3.2.1 Canada: Corrugated Board Market, by Application. 53
8.3 Europe: Corrugated Board Market 54
8.3.1 Europe: Corrugated Board Market –Revenue and Forecast to 2028 (US$ Million) 55
8.3.2 Europe: Corrugated Board Market, by Application. 55
8.3.3 Europe: Corrugated Board Market, by Key Country. 56
8.3.3.1 Germany: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 57
8.3.3.1.1 Germany: Corrugated Board Market, by Application. 58
8.3.3.2 France: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 58
8.3.3.2.1 France: Corrugated Board Market, by Application. 59
8.3.3.3 Italy: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 60
8.3.3.3.1 Italy: Corrugated Board Market, by Application. 61
8.3.3.4 UK: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 61
8.3.3.4.1 UK: Corrugated Board Market, by Application. 62
8.3.3.5 Russia: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 63
8.3.3.5.1 Russia: Corrugated Board Market, by Application. 63
8.3.3.6 Rest of Europe: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 64
8.3.3.6.1 Rest of Europe: Corrugated Board Market, by Application. 65
8.4 Asia Pacific: Corrugated Board market 66
8.4.1 Asia Pacific: Corrugated Board Market –Revenue and Forecast to 2028 (US$ Million) 66
8.4.2 Asia Pacific: Corrugated Board Market, by Application. 67
8.4.3 Asia Pacific: Corrugated Board Market, by Key Country. 68
8.4.3.1 India: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 68
8.4.3.1.1 India: Corrugated Board Market, by Application. 69
8.4.3.2 Australia: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 70
8.4.3.2.1 Australia: Corrugated Board Market, by Application. 71
8.4.3.3 China: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 71
8.4.3.3.1 China: Corrugated Board Market, by Application. 72
8.4.3.4 Japan: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 73
8.4.3.4.1 Japan: Corrugated Board Market, by Application. 74
8.4.3.5 South Korea: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 74
8.4.3.5.1 South Korea: Corrugated Board Market, by Application. 75
8.4.3.6 Rest of Asia Pacific: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 76
8.4.3.6.1 Rest of Asia Pacific: Corrugated Board Market, by Application. 76
8.5 Middle East and Africa: Corrugated Board Market 78
8.5.1 Middle East and Africa: Corrugated Board Market –Revenue and Forecast to 2028 (US$ Million) 78
8.5.2 Middle East and Africa: Corrugated Board Market, by Application. 79
8.5.3 Middle East and Africa: Corrugated Board Market, by Key Country. 80
8.5.3.1 South Africa: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 80
8.5.3.1.1 South Africa: Corrugated Board Market, by Application. 81
8.5.3.2 Saudi Arabia: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 82
8.5.3.2.1 Saudi Arabia: Corrugated Board Market, by Application. 83
8.5.3.3 UAE: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 83
8.5.3.3.1 UAE: Corrugated Board Market, by Application. 84
8.5.3.4 Rest of MEA: Corrugated Board Market –Revenue and Forecast to 2028 (US$ Million) 85
8.5.3.4.1 Rest of Middle East and Africa: Corrugated Board Market, by Application. 85
8.6 Latin America: Corrugated Board Market 87
8.6.1 Latin America: Corrugated Board Market –Revenue and Forecast to 2028 (US$ Million) 88
8.6.2 Latin America: Corrugated Board Market, By Application. 88
8.6.3 Latin America: Corrugated Board Market, by Key Country. 89
8.6.3.1 Brazil: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 90
8.6.3.1.1 Brazil: Corrugated Board Market, by Application. 91
8.6.3.2 Argentina: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 92
8.6.3.2.1 Argentina: Corrugated Board Market, by Application. 92
8.6.3.3 Chile: Corrugated Board Market –Revenue and Forecast to 2028 (US$ Million) 93
8.6.3.3.1 Chile: Corrugated Board Market, by Application. 94
8.6.3.4 Colombia: Corrugated Board Market –Revenue and Forecast to 2028 (US$ Million) 94
8.6.3.4.1 Colombia: Corrugated Board Market, by Application. 95
8.6.3.5 Mexico: Corrugated Board Market –Revenue and Forecast to 2028 (US$ Million) 96
8.6.3.5.1 Mexico: Corrugated Board Market, by Application. 97
8.6.3.6 Rest of Latin America: Corrugated Board Market –Revenue and Forecast to 2028 (US$ Million) 97
8.6.3.6.1 Rest of Latin America: Corrugated Board Market, by Application. 98
9. Impact of COVID-19: Corrugated Boards Market 99
9.1 Overview – Impact of COVID-19. 99
9.2 North America: Impact Assessment of COVID-19 Pandemic. 99
9.3 Europe: Impact Assessment of COVID-19 Pandemic. 101
9.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic. 102
9.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic. 103
9.6 South America: Impact Assessment of COVID-19 Pandemic. 104
10. Industry Landscape. 105
10.1 Overview.. 105
10.2 Merger & Acquisition. 105
10.3 Business Planning and Strategy. 106
10.4 Expansion & Collaboration. 106
10.5 Product News. 107
11. Company Profiles. 108
11.1 IRANI PAPEL E EMBALAGEM SA. 108
11.1.1 Key Facts. 108
11.1.2 Business Description. 108
11.1.3 Products and Services. 108
11.1.4 Financial Overview.. 109
11.1.5 SWOT Analysis. 109
11.1.6 Key Developments. 109
11.2 Smurfit Kappa. 110
11.2.1 Key Facts. 110
11.2.2 Business Description. 110
11.2.3 Products and Services. 110
11.2.4 Financial Overview.. 111
11.2.5 SWOT Analysis. 112
11.2.6 Key Developments. 113
11.3 Klabin S.A. 114
11.3.1 Key Facts. 114
11.3.2 Business Description. 114
11.3.3 Products and Services. 114
11.3.4 Financial Overview.. 115
11.3.5 SWOT Analysis. 115
11.3.6 Key Developments. 116
11.4 WestRock Company. 117
11.4.1 Key Facts. 117
11.4.2 Business Description. 117
11.4.3 Products and Services. 117
11.4.4 Financial Overview.. 118
11.4.5 SWOT Analysis. 119
11.4.6 Key Developments. 119
11.5 International Paper 120
11.5.1 Key Facts. 120
11.5.2 Business Description. 120
11.5.3 Products and Services. 120
11.5.4 Financial Overview.. 121
11.5.5 SWOT Analysis. 122
11.5.6 Key Developments. 123
11.6 Arcor 124
11.6.1 Key Facts. 124
11.6.2 Business Description. 124
11.6.3 Products and Services. 124
11.6.4 Financial Overview.. 125
11.6.5 SWOT Analysis. 126
11.6.6 Key Developments. 126
11.7 Klingele Papierwerke GmbH & Co. KG.. 127
11.7.1 Key Facts. 127
11.7.2 Business Description. 127
11.7.3 Products and Services. 127
11.7.4 Financial Overview.. 127
11.7.5 SWOT Analysis. 128
11.7.6 Key Developments. 128
11.8 Papeles y Conversiones de México. 129
11.8.1 Key Facts. 129
11.8.2 Business Description. 129
11.8.3 Products and Services. 129
11.8.4 Financial Overview.. 129
11.8.5 SWOT Analysis. 130
11.8.6 Key Developments. 130
11.9 Mondi 131
11.9.1 Key Facts. 131
11.9.2 Business Description. 131
11.9.3 Products and Services. 131
11.9.4 Financial Overview.. 132
11.9.5 SWOT Analysis. 134
11.9.6 Key Developments. 134
11.10 NIPPON PAPER INDUSTRIES CO., LTD. 135
11.10.1 Key Facts. 135
11.10.2 Business Description. 135
11.10.3 Products and Services. 135
11.10.4 Financial Overview.. 136
11.10.5 SWOT Analysis. 137
11.10.6 Key Developments. 137
12. Appendix. 138
12.1 About The Insight Partners. 138
12.2 Glossary. 138
LIST OF TABLES
Table 1. Corrugated Boards Market –Revenue and Forecast to 2028 (US$ Million) 37
Table 2. North America Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 49
Table 3. US Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 51
Table 4. Canada Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 53
Table 5. Europe Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 56
Table 6. Germany Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 58
Table 7. France Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 59
Table 8. Italy Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 61
Table 9. UK Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 62
Table 10. Russia Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 63
Table 11. Rest of Europe Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 65
Table 12. Asia Pacific Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 67
Table 13. India Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 69
Table 14. Australia Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 71
Table 15. China Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 72
Table 16. Japan Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 74
Table 17. South Korea Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 75
Table 18. Rest of Asia Pacific Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 76
Table 19. Middle East and Africa Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 79
Table 20. South Africa Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 81
Table 21. Saudi Arabia Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 83
Table 22. UAE Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 84
Table 23. Rest of Middle East and Africa Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 85
Table 24. Latin America Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 89
Table 25. Latin America Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 90
Table 26. Brazil Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 91
Table 27. Argentina Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 92
Table 28. Chile Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 94
Table 29. Colombia Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 95
Table 30. Mexico Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 97
Table 31. Rest of Latin America Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 98
Table 32. Glossary of Terms, Global Corrugated Board Market 138
LIST OF FIGURES
Figure 1. Corrugated Boards Market Segmentation. 17
Figure 2. Corrugated Boards Market Segmentation – By Geography. 18
Figure 3. Global Corrugated Boards Market Overview.. 19
Figure 4. Food and Beverage Segment Held the Largest Share of the Global Corrugated Boards Market 20
Figure 5. Asia-Pacific Region Held Largest Share of Global Corrugated Boards Market 21
Figure 6. Global Corrugated Boards Market, Key Market Players. 22
Figure 7. Porter ‘s Five Forces Analysis for Corrugated Board Market 28
Figure 8. Expert Opinion. 30
Figure 9. Corrugated board Market– Ecosystem Analysis. 30
Figure 10. Global Float Glass Market Impact Analysis of Drivers and Restraints. 34
Figure 11. Geographic Overview of Corrugated Boards Market 36
Figure 12. Global: Corrugated Boards Market – Revenue and Forecast to 2028 (US$ Million) 37
Figure 13. Corrugated Board Market Revenue Share, By Application (2020 and 2028) 39
Figure 14. Food and Beverages: Corrugated Board Market – Revenue and Forecast To 2028 (US$ Million) 40
Figure 15. Processed Food Industry: Corrugated Boards Market – Revenue and Forecast To 2028 (US$ Million) 40
Figure 16. Fresh Fruit and Vegetable Packaging Industry: Corrugated Boards Market – Revenue and Forecast To 2028 (US$ Million) 41
Figure 17. Others: Corrugated Boards Market – Revenue and Forecast To 2028 (US$ Million) 42
Figure 18. E-Commerce: Corrugated Boards Market – Revenue and Forecast To 2028 (US$ Million) 43
Figure 19. Consumer Durables: Corrugated Boards Market – Revenue and Forecast To 2028 (US$ Million) 44
Figure 20. Electrical and Electronics: Corrugated Boards Market – Revenue and Forecast To 2028 (US$ Million) 45
Figure 21. Others: Corrugated Boards Market – Revenue and Forecast To 2028 (US$ Million) 46
Figure 22. Global Corrugated Board Market Revenue Share, By Region (2020 and 2028) 47
Figure 23. North America: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 48
Figure 24. North America: Corrugated Board Market Revenue Share, by Application (2020 and 2028) 49
Figure 25. North America: Corrugated Board Market Revenue Share, by Key Country (2020 and 2028) 50
Figure 26. US: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 50
Figure 27. Canada: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 52
Figure 28. Europe: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 55
Figure 29. Europe: Corrugated Board Market Revenue Share, by Application (2020 and 2028) 55
Figure 30. Europe: Corrugated Board Market Revenue Share, by Key Country (2020 and 2028) 56
Figure 31. Germany: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 57
Figure 32. France: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 58
Figure 33. Italy: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 60
Figure 34. UK: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 61
Figure 35. Russia: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 63
Figure 36. Rest of Europe: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 64
Figure 37. Asia Pacific: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 66
Figure 38. Asia Pacific: Corrugated Board Market Revenue Share, by Application (2020 and 2028) 67
Figure 39. Asia Pacific: Corrugated Board Market Revenue Share, by Key Country (2020 and 2028) 68
Figure 40. India: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 68
Figure 41. Australia: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 70
Figure 42. China: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 71
Figure 43. Japan: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 73
Figure 44. South Korea: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 74
Figure 45. Rest of Asia Pacific: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 76
Figure 46. Middle East and Africa: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 78
Figure 47. Middle East and Africa: Corrugated Board Market Revenue Share, by Application (2020 and 2028) 79
Figure 48. Middle East and Africa: Corrugated Board Market Revenue Share, by Key Country (2020 and 2028) 80
Figure 49. South Africa: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 80
Figure 50. Saudi Arabia: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 82
Figure 51. UAE: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 83
Figure 52. Rest of MEA: Corrugated Board Market –Revenue and Forecast to 2028 (US$ Million) 85
Figure 53. Latin America: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 88
Figure 54. Latin America: Corrugated Board Market Revenue Share, by Application (2020 and 2028) 88
Figure 55. Latin America: Corrugated Board Market Revenue Share, by Key Country (2020 and 2028) 89
Figure 56. Brazil: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 90
Figure 57. Argentina: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 92
Figure 58. Chile: Corrugated Board Market –Revenue and Forecast to 2028 (US$ Million) 93
Figure 59. Colombia: Corrugated Board Market –Revenue and Forecast to 2028 (US$ Million) 94
Figure 60. Mexico: Corrugated Board Market –Revenue and Forecast to 2028 (US$ Million) 96
Figure 61. Rest of Latin America: Corrugated Board Market –Revenue and Forecast to 2028 (US$ Million) 97
Figure 62. Impact of COVID-19 Pandemic on Corrugated Board Market in North America. 100
Figure 63. Impact of COVID-19 Pandemic on Corrugated Board Market in Europe. 101
Figure 64. Impact of COVID-19 Pandemic on Corrugated Board Market in Asia Pacific. 102
Figure 65. Impact of COVID-19 Pandemic on Corrugated Board in Middle East and Africa. 103
Figure 66. Impact of COVID-19 Pandemic on Corrugated Board in South America. 104
The List of Companies - Corrugated Board Market
- IRANI PAPEL E EMBALAGEM S.A.
- Smurfit Kappa
- Klabin S.A.
- WestRock Company
- International Paper
- Arcor
- Klingele Papierwerke GmbH & Co. KG
- Papeles y Conversiones de México
- Mondi
- NIPPON PAPER INDUSTRIES CO., LTD
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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