Corrugated Board Packaging Market 2021 Status and Growth Outlook - International Paper Company, Mondi Group, Smurfit Kappa Group

The Corrugated Board Packaging Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Corrugated Board Packaging market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Corrugated Board Packaging market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Corrugated Board Packaging market.

The corrugated board packaging market is expected to grow at a CAGR of 8.1 % during the forecast period of 2020 to 2025.

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Top Leading Companies of Corrugated Board Packaging Market are - International Paper Company, Mondi Group, Smurfit Kappa Group, DS Smith PLC, WestRock Company, Packaging Corporation of America, Cascades Inc., Oji Holdings Corporation, Georgia-Pacific LLC, Nippon Paper Industries Ltd, Rengo Co. Ltd, Klingele Papierwerke GmbH & Co. KG, Klabin SA, Sealed Air Corporation and others.

Industry News and Updates:

- February 2020 - Mondi Group partnered with Cartro, Mexican corrugated packaging company, to deliver sustainable packaging solutions for fresh produce. Mondi’s portfolio of paper grades and ProVantage Kraftliner Aqua, meet these requirements, and together, the two companies have developed a completely new corrugated box to serve the purpose.

- March 2020 - International Paper has entered into an agreement to sell its Brazilian corrugated packaging business to Klabin S.A. for Brazilian Real 330 million, with 280 million to be paid at closing and 50 million one year thereafter where the business includes three containerboard mills and four box plants.

Key Market Trends:

Processed Food Segment Expected to Occupy Significant Market Share

- The demand for convenience foods is expected to rise due to the busy lifestyle of people. Hence, processed food, which gets cooked in a short while tends to attract consumers. The increasing population also expected to drive the demand for processed food, which is convenient as well as healthy. According to the Bureau of Labor Statistics, the number of employed women in the United States alone has grown from 53.6 million in 1990 to 75.9 million in 2018. These factors are expected to increase the need to provide high-quality, packaged, and processed foods to customers.

- As corrugated board packaging keeps moisture away from products and withstands long shipping times, it is increasingly being adopted by the companies to offer better outcomes to customers, especially as a means to secondary or tertiary packaging. Processed foods, such as bread, meat products, and other perishable items, need these packaging materials to be used for just one time, thereby driving the demand.

North America Expected to Hold Significant Share

- The growing awareness among consumers regarding the usage of environment-friendly products is expected to drive the demand for the corrugated board packaging market in North America, over the forecast period. Government initiatives for stimulating eco-friendly packaging materials, coupled with the efforts from CPA (The Corrugated Packaging Alliance), a corrugated industry initiative, with an aim to encourage corrugated packaging are providing an added impetus to the growth of this market.

- Moreover, there has not been much consumer or regulatory pressure in the United States earlier for cardboard recycling, due to the relatively low price of pulp and a historical record of recycled boxes not being strong enough to survive the journey intact. However, due to the rise of e-commerce, there has been an increased demand for cardboard, which, in turn, is creating a need for corrugated boxes.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Corrugated Board Packaging Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Corrugated Board Packaging Market (%),2016 - 2026
- Corrugated Board Packaging Market Share, By Brand
- Corrugated Board Packaging Market Share, By Company
- Corrugated Board Packaging Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Corrugated Board Packaging Market Value Analysis & Forecast
- Promising Corrugated Board Packaging Development by Major Companies
- Detailed Corrugated Board Packaging Portfolio of the Major Companies
- Major Deals in the Corrugated Board Packaging Market
- Major Companies Analysis

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