Global Corrugated Board Packaging Market Size was valued nearly USD 241 billion by 2017 and is estimated to reach up to USD xx.xx billion by 2025. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 5.1% during the forecast period that is 2017-2025. Corrugated board packaging is a combination of two sheets of paper, otherwise, liners which are attached to an inner medium known as a flute. These are the three layers which are assembled to make a board structure which provides strength to the packaging box. These boxes have the capability to carry heavy weight, owing to their strong structure with the connected series of pieces. The global corrugated board packaging market is anticipated to grow at a noticeable CAGR over the projected period, majorly attributed to its lightweight properties coupled with the recyclable properties.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global corrugated board packaging market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global corrugated board packaging market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Market Dynamics

The advancement in the corrugated board structures to decrease the paper grammages owing to the rise in the environmental concerns are driving the global corrugated board packaging market. Corrugated boards are biodegradable which contributes the least pollution to the environment. Furthermore, corrugated board packaging is frequently used in shipping products owing to its lightweight, cost effectiveness and versatility. Therefore, the rise in the production of corrugated board packaging would provide significant growth over the forecast period. According to Fibre Box Association, the total shipments in 2016 by corrugated board packaging market accounted around 376.4 billion square feet rising from 368.6 billion square feet in 2015. Thus, the year on year rise in the manufacturing and uses of corrugated packages would boost the corrugated board packaging market over the projected period.

Despite the numerous advantages, its low resistance to moisture is a deterring factor for the market. The material is highly absorbable; thus, it would make the corrugated board soft and pulpy when exposed to ambient moisture in the atmosphere.

By Component Type Analysis: Liner component segment held the major share in terms of volume owing to use of liner walls more than the flute, while considering double and triple liner walls boxes over the forecast period. The total consumption of liner and medium in the global market accounted for 31,238.7 (in thousand tones) in 2016, as per Fibre Box Association (FBA). Thus, the growing consumption of the components would propel the market in the coming years.

By Board Type Insights: Single wall type is anticipated to dominate the market, attributed to its huge production due to low-cost manufacturing. Moreover, it is used to provide one extra layer to add strength to the existing packaged products. According to FBA, single wall corrugated board accounted for 90.4 % out of total production of board type in 2016 thereby, contributing a substantial revenue share in the corrugated board packaging market.

By End-use Industry Analysis: Consumer goods are anticipated to have the largest share of the market owing to the rise in the demand for packaging products such as clothes, cosmetics and others in the global market. To protect these goods from moisture and other damages during the shipments, the use of corrugated board packaging is widely used, thereby boosting the global market.

Regional Analysis

The global corrugated board packaging market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. North America is anticipated to dominate the global market over the forecast period owing to its rising corrugated packaging demand in consumer goods and FMCG products that helps in keeping products safe and sound.  Approximately, 376.4 billion square feet of materials such as liners and medium were used to manufacture corrugated boxes in 2016, in the U.S. In addition to this, the equated packages manufactured by the U.S. corrugated board producing companies were valued at around $38 billion, which included the shipment of clothes, food, and durable goods to the national and international customers in 2016. Asia Pacific held the largest share of the global market in 2018 and will expand at the highest CAGR during the forecast years.

Global Corrugated Board Packaging Market Size, Share Analysis By Region 2017

Key Players Landscape

Numerous companies in the market are adopting strategic planning to sustain and to maintain their businesses in the global market. In 2018, De Jong packaging Holding (DJV) acquired a German company Gaster Wellpappe to strengthen the business operations. The leading players in the market are Stora Enso, TGI Packaging Pvt. Ltd, NEFAB, Sravan Corrugators (P) ltd., GWP Group, Corrugated Carton Products, and several others.

Global Corrugated Board Packaging Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.