Mexico Corrugated Board Market Size & Outlook, 2022-2030
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Mexico corrugated board market highlights
- The Mexico corrugated board market generated a revenue of USD 2,816.6 million in 2022 and is expected to reach USD 5,255.0 million by 2030.
- The Mexico market is expected to grow at a CAGR of 8.1% from 2023 to 2030.
- In terms of segment, c flute was the largest revenue generating flute type in 2022.
- A Flute is the most lucrative flute type segment registering the fastest growth during the forecast period.
Corrugated board market data book summary
| Market revenue in 2022 | USD 2,816.6 million |
| Market revenue in 2030 | USD 5,255.0 million |
| Growth rate | 8.1% (CAGR from 2022 to 2030) |
| Largest segment | C flute |
| Fastest growing segment | A Flute |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | A Flute, B Flute, C Flute, E Flute, F Flute |
| Key market players worldwide | International Paper Co, Georgia-Pacific, WestRock Co, Packaging Corp of America, Stora Enso Oyj Ordinary Shares - Class R, Oji Holdings Corp, Smurfit Kappa Group PLC, Mondi PLC, DS Smith PLC |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.1% of the global corrugated board market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. corrugated board market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 5,255.0 million by 2030.
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Corrugated Board Market Scope
Corrugated Board Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Smurfit Kappa Group PLC | View profile | 47000 | Beech Hill, Clonskeagh, Dublin 4, Dublin, Ireland, D04 N2R2 | https://www.smurfitkappa.com |
| Oji Holdings Corp | View profile | 37845 | 7-5, Ginza 4-chome, Chuo-ku, Tokyo, Japan, 104-0061 | http://www.ojiholdings.co.jp |
| DS Smith PLC | View profile | 29672 | 1 Paddington Square, Level 3, London, United Kingdom, W2 1DL | https://www.dssmith.com |
| Packaging Corp of America | View profile | 14900 | 1 North Field Court, Lake Forest, IL, United States, 60045 | https://www.packagingcorp.com |
| International Paper Co | View profile | 39000 | 6400 Poplar Avenue, Memphis, TN, United States, 38197 | https://www.internationalpaper.com |
| WestRock Co | View profile | 56100 | 1000 Abernathy Road, North East, Atlanta, GA, United States, 30328 | https://www.westrock.com |
| Georgia-Pacific | View profile | 10001+ | Atlanta, Georgia, United States, North America | http://www.gp.com/aboutus/companyoverview/index.html |
| Stora Enso Oyj Ordinary Shares - Class R | View profile | 20000 | P.O. Box 309, Helsinki, Finland, FI-00101 | https://www.storaenso.com |
| Mondi PLC | View profile | 21773 | The Heights, Brooklands, Ground Floor, Building 5, Weybridge, Surrey, United Kingdom, KT13 0NY | https://www.mondigroup.com |
Mexico corrugated board market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to corrugated board market will help companies and investors design strategic landscapes.
C flute was the largest segment with a revenue share of 28.46% in 2022. Horizon Databook has segmented the Mexico corrugated board market based on a flute, b flute, c flute, e flute, f flute covering the revenue growth of each sub-segment from 2018 to 2030.
The total paper & cardboard production in Mexico is expected to witness high growth over the forecast period owing to increased application scope. Paper & paperboard are major sources of raw materials for the production of corrugated board solutions.
With the growing application scope and raw material production in the country, the demand for corrugated boards is expected to grow over the forecast period. The market is expected to experience significant strategic acquisitions and partnerships in order to gain advantage from the available opportunities over the forecast period.
For instance, in December 1, 2022, WestRock, a company based in the U.S., acquired the remaining interest in Grupo Gondi, a Mexican supplier of recycled paper and cardboard packaging.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico corrugated board market , including forecasts for subscribers. This country databook contains high-level insights into Mexico corrugated board market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico corrugated board market size, by flute type, 2018-2030 (US$M)
Mexico Corrugated Board Market Outlook Share, 2022 & 2030 (US$M)
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