Corrugated Board Market Size, Share & Trends Report

Corrugated Board Market Size, Share & Trends Analysis Report By Application, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025

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  • Report ID: GVR1348
  • Format: Electronic (PDF)
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The global corrugated board market is poised for expansion on account of increasing demand for fiberboards from several end-use industries including processed food & beverages, electronics and personal care. Corrugated boards are widely used as substitutes for plastics and metals owing to its lightweight and easy recyclability. Furthermore, surface of this board provides for easy printing of labels and product specifications. Food & beverage industry is the largest application market for corrugated boards, although the material was initially manufactured to be used as a packaging material for fragile glassware products. Requirement for packaging materials that would maintain freshness and prevent damage of food products during transportation led to the adoption of corrugated boards by the food & beverage industry. Corrugated boards can be broadly segmented into product type including single face board, single wall board, double wall board and triple wall board.

Over the past few decades Asia Pacific has been the largest consumer and producer of corrugated boards and the trend is likely to continue over the forecast period. This trend is largely attributed to increasing demand for processed food & beverages especially in developing countries including India, China, Malaysia and Indonesia. Booming e-commerce business in Asia Pacific is expected to further augment corrugated board demand over the projected period. Flexibility and light weight properties of corrugated bards provides for easy handling and transportation, which is a requisite for e-commerce industries. Growing regulations on non-biodegradable materials in North America and Europe is an anticipated driver for corrugated board market over the next six years. Major market expansion is expected in RoW corrugated board market on account of increasing exports of fruits & vegetables from Africa. Regulations on deforestation and use of paper processing chemicals in Europe and North America are likely to restrain corrugated boards market over the projected period.

Major market players in the corrugated board market include DS Smith Plc, Smurfit Kappa Group Plc., Holmen AB, Georgia-Pacific LLC, MeadWestvaco Corporation, Nine Dragons Paper (Holdings) Ltd., Bio Pappel S.A.B. de C.V., OJI Holding Corporation, International Paper Company, Weyerhaeuser Company, Vinda International Holdings Ltd., Lee & Man Paper Manufacturing Ltd., Svenska Cellulosa Aktiebolaget, Mayr-Melnhof Karton AG,  Sonoco Products Company, Amcor Ltd., Stora Enso Oyj, Mondi Plc, Newark Group and Nippon Paper Industries Co. Ltd.

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