Press release
Europe Corrugated Board Packaging Market is Expected to Reach USD 116,924.85 million with the CAGR of 5.9% by 2029
The Europe corrugated board packaging market is anticipated to see market growth between 2022 and 2029. According to Data Bridge Market Research's analysis, the market is predicted to develop at a CAGR of 5.9% from 2022 to 2029 and reach USD 116,924.85 million. Growing demand for recycled corrugated goods in the packaging sector as well as an increase in small- and medium-sized corrugated board packaging for food and beverages.Some businesses are increasing their production capacities in order to meet the rising demand for corrugated board packaging products in the building and construction and electronics industries. They do this by making acquisitions, forming joint ventures, and launching new products in various geographies.
Corrugated board packaging products are designed to give an extreme protection to fragile, heavy, bulky, or high-value products in storage and transit. A corrugated board packaging with several layers provides strength to the packaging product and makes it stronger than average cardboard. Different types of liners are used in the corrugated cardboard to provide the strength such as kraft liners, test liners, and chip linear.
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There are several types of corrugated board packaging such as single-phase, single-wall, double wallboard, triple wallboard, and others. Single-phase corrugated board packaging includes a single flute and one or two sheets of the linear board. Single wall corrugated board packaging involves one sheet of the corrugated medium glued and placed in between two sheets of the liner board.
Double wallboard refers to that type of corrugated board packaging consisting of two layers of the corrugated medium glued between three layers of the liner board. Triple wallboard refers to that type of corrugated board packaging, which is considered the strongest of all kinds of corrugated board packaging as it consists of three layers of the corrugated medium and the four-layer of the liner board.
Corrugated Board Packaging Market Scope and Market Size
Linerboard and medium make up the two market segments for corrugated board packaging in Europe based on raw material. The linerboard category is anticipated to lead the Europe corrugated board packaging market in 2022 as a result of simple production methods, increased efficacy, and simpler usage. However, market usage is constrained by the available strength.
The market for corrugated board packaging in Europe is divided into style segments based on slotted box, telescopes, folders, trays, die cut bliss, interiors, sheets, and fanfold. Slotted boxes are anticipated to dominate the market in 2022 as a result of their expanding use in the food and beverage sector in the European market. The slotted box market sector in Europe is driven by its simple availability on the market.
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Corrugated Board Packaging Market Country Level Analysis
The corrugated board packaging market is analyzed and market size information is provided by the country, raw material, style, grade and end-use as referenced above.
Germany is expected to dominate the European region due to growing demand for fresh food & beverages, home & personal products, logistics application, electronic goods, building consumer awareness towards sustainable packaging, and growth of the e-commerce industry have led to a regular progression in the corrugated packaging demand in Germany.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
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Competitive Landscape and Corrugated Board Packaging Market Share Analysis
Corrugated board packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company's focus related to corrugated board packaging market.
Some of the major players operating in the corrugated board packaging market are:
Packaging Corporation of America, WestRock Company, International Paper, DS Smith, Rengo, Cascades Inc., Mondi, NEFAB GROUP, NIPPON PAPER INDUSTRIES CO., LTD, Sealed Air, and Smurfit Kappa among others.
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