Europe Corrugated Board and Packaging Market: Promising Future Driven by Sustainability, E-commerce, and Market Opportunities

Europe is one of the major markets in the world for corrugated board. The corrugated board and packaging market in Europe appears to have a bright future. The need for environmentally friendly packaging, as well as the expansion of e-commerce and technology improvements, present potential for the sector to prosper. Corrugated producers may take advantage of these chances and maintain their competitiveness in the changing packaging landscape by continuing to be creative and responsive to market changes.

Food processing is one of the largest manufacturing industries in the European Union (EU). An impressive trade surplus exists within the EU. The European Commission estimates that during the past ten years, exports of food and beverages from the EU have increased by a factor of two, totaling more than EUR 90 billion (USD 101.71 billion).

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Also, due to the increased demand for packaging brought on by the popularity of e-commerce over the past two years, containerboard has experienced tremendous growth in the region. Being one of the most recyclable materials, containerboard aids in satisfying the demands of consumers looking for environmentally friendly options.

Germany has a robust manufacturing infrastructure and is home to several large corrugated packaging companies. German manufacturers have a strong presence in international markets and export their products to various countries within Europe and beyond. This global reach contributes to Germany's market share and influence in the industry. Moreover, with its export oriented economy, the corrugated packaging industry is expected to witness immense growth in the coming years.

Many industries in Germany use corrugated packaging for their goods, including those in the automotive, electronics, pharmaceutical, and consumer goods sectors. Germany's market dominance is further cemented by the country's substantial customer base, which fuels demand for corrugated packaging.

► Recent Developments
■ SABIC, a one of the global leader in the chemicals business, teamed up with Ella's Kitchen, a new baby food brand from the United Kingdom, to develop a new cap made of recycled plastic. Ella's Kitchen's Organic Strawberries and Apples pouches will have this new cap on over 3.5 million pouches and will be available in UK supermarkets starting in January 2022. Ella's Kitchen is the first firm in the infant food industry to employ SABIC's TRUCIRCLE line of certified circular polymers.

■ Paper packaging firms in Italy are forming alliances with other end-user segment companies in order to provide sustainable packaging solutions to a bigger audience. For example, in April 2021, Seda International Packaging Group, an Italian paper-based packaging manufacturer, announced a cooperation with McDonald's and Comiecoto to assist the over 600 Italian McDonald's locations in adopting 90% paper-based packaging. The corporation intends to lead a campaign that will significantly increase customer awareness of the necessity of sustainable packaging.

► Further Key Findings
■ Increasing Demand for Processed Food: Nearly half of the world's supplies of processed fruits and vegetables are consumed in Europe, the market with the highest volume. The amount of processed fruit and vegetable imports into Europe has steadily increased over the last three years. Between 2017 and 2021, the value of imported processed fruits and vegetables into Europe increased by 0.8% annually while volume decreased by 0.2%, reaching EUR 38.1 billion and 22.8 million tonnes, respectively.

■ Government Initiatives: A new proposal was introduced by the European Commission on 30th March 2022, for European Green Deal to "make sustainable products the norm in the EU". And to achieve that the commission proposed to amend the Packaging and Packaging Waste Directive on 30th November 2022 by ensuring that by 2030 all packaging should be sustainable, reusable and recyclable in an economical way in the EU market. The commission intended to implement additional taxes or bans for single-use products and packaging by the end of 2022.

■ Rising Mergers & acquisition: In July 2022, De Jong Packaging Group (DJPG) a Dutch-based corrugated packaging manufacturer merged with Wellpappenfabrik Grünstadt-Sausenheim (WSG) which is a Germany-based corrugated board manufacturer.

■ Emergence of New Players: The Stora Enso Packaging Solutions division now entered to the corrugated packaging markets in the Netherlands, Belgium, Germany, and the UK with the acquisition of Dutch packaging solutions provider De Jong Packaging Group. The enterprise value, according to Stora Enso, is EUR 1.02 billion.

■ Global Shipping Crisis: Worldwide imbalances in the flow of shipping containers have caused delays and price hikes. Regular trade movements were severely disrupted by the pandemic's ongoing slowing, stopping, and restarting of trade because of the restrictions. Significant container shortages also occurred, which caused additional disruption and logistical problems. Delays and Shortages led to an increase in handling and logistics costs. The increase in cost has affected all industries including the packaging industry. The increase in cost continued in 2022 as well.

► Scope of the Study
This is an informative study on the 'Europe Corrugated Board and Packaging Market' published by Makreo Research. We have covered a wide range of factors in our evaluation, including trade performance, leading suppliers & manufacturers in Europe, recent trends and development, challenges and the impact of the country's economy on the corrugated market.

Additionally, the focus on both qualitative and quantitative factors suggests our well-rounded approach to analysis. This provides readers with a more complete understanding of the European Corrugated Board and Packaging Market, including its past and present performance, as well as potential growth opportunities in the future.

Overall, this study could be a valuable resource for anyone interested in understanding the Europe Corrugated Board and Packaging Market and its potential for growth in the future.

► The report examines the US Equipment Rental market on below parameters:

■ Period of Study:
2018-2022: Past and Present Scenario
2023-2028 : Future Outlook of the industry

■ Market Assessment:
The report examines the corrugated packaging market in terms of market revenue and further breakdown into market segmentation by printing techniques (Flexography, Offset Lithography, Digital Printing, Others), and By End User (Food & Beverages, Healthcare & Pharmaceutical, Paper Products, Electrical & Electronics, Personal Care & Household, Chemicals and Others).

■ Countries Assessed:
Germany, Italy, Spain, United Kingdom

■ Competitive Landscape:
• Mergers & Acquisitions
• Funding Timeline

For more information on the research report, refer to below link:
https://www.makreo.com/report/europe-corrugated-board-packaging-market-analysis-forecast-2018-2028

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