Europe Corrugated Board and Packaging Market: Growth, Opportunities, and Key Trends in the Food and Beverage Industry

The corrugated board and packaging market in Europe rose from 2018 to 2022 at a CAGR of 11% from 2018-2022. Corrugated packaging material are majorly used in the secondary and tertiary packaging for perishable and non-perishable goods such as food and beverage products, consumer durables, electrical and electronic appliances, etc. One of the affordable and adaptable packaging options that helps safeguard a variety of goods, particularly during travel, is corrugated boards.

Europe comprises of many developing economies like Germany, Russia, France, the UK, and Italy. Due to the extensive product application potential in the local processed food and electronics sectors, Europe is one of the major markets in the world for corrugated board. 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, totalling more than EUR 90 billion (USD 101.71 billion).

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"The Food and Beverages industry is one of the largest end-users of corrugated packaging in the European Union. According to Makreo Research, Germany is the largest market for corrugated packaging in Europe, followed by Italy, UK, Spain and Turkey"

► Increasing Demand for Packaged Food
The demand for food goods packaged in corrugated material has increased as a result of the rise in exports, allowing for the safe and timely delivery of food. More than 40% of the corrugated packaging used in Europe is for the packaging of food goods, according to the European Federation of Corrugated Board Manufacturers (FEFCO), a nonprofit organization that represents the interests of the industry there.

According to Makreo Research, tshe corrugated box market in Europe has been dominated by Germany. The demand for corrugated boxes is significant in the country's key industries, which includes the automotive, pharmaceutical, food, and electronics sectors. In terms of its contribution to the European market for corrugated boxes, Italy came in second to Germany.
The demand for corrugated boxes is considerable in the country's key industries, which include those in metals, agro-foods, textiles, and plastics. Another significant market contributor was France.

► Diversifying in Different Product Segments
Corrugated packaging has numerous opportunities to grow as it can easily adapt to different shapes and sizes to provide better protection, innovative and eye-catching packaging which will help to establish a strong brand identity. Designers are using new and creative designs with graphics to attract customers. There are various segments in which it can diversify like

■ Ski packaging: Ski in corrugated cardboard packaging protect it while transportation with its cushioning properties and by just removing the above part of the packaging, the skis would be visible at stores.
■ Soap packaging: Soap packaging for e-commerce with corrugated cardboard integrates product and delivery packing. There is no need for pamphlets, which saves on printing and handling costs. Product information is printed inside the box. The creative design decreases waste and overall packaging material usage, saving the brand owner 34 tonnes of plastic each year.
■ Bottle protector: in Spain, creative and new designs are utilized to safeguard and support wine bottles during shipping. The corrugated packing insert may be folded to fit the bottle's shape and creates air chambers that act as the essential travel cushioning.

► Major Driving Factors:-
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.

► Increasing Exports
Exports in Europe are expected to grow by 1.8% in 2023 compared to the last estimate of 0.8%. As the exports are increasing, the demand for corrugated packaging has also increased and is likely to raise more providing for the sustainability and safety of products.

► EU Corrugated Paper and Paperboard Exports
Exports of corrugated paper significantly increased from 2020 to 2021, rising by 12% to 938K tonnes. From 2007 to 2021, the overall export volume grew at an average yearly rate of +3.0%. Corrugated paper exports increased significantly in value in 2021 to USD 911 million.

► Increasing Retail Trade
In comparison to 2021, the yearly average level of retail commerce increased in the EU and the euro region by 1.1% and 0.7%, respectively, in 2022.

This comprehensive study titled "Europe Corrugated Board and Packaging Market Analysis and Forecast (2018-2028)" presents valuable insights and information. Our evaluation encompasses a broad range of factors, such as trade performance, key suppliers and manufacturers in Europe, recent trends and developments, challenges, and the impact of the country's economy on the corrugated market. By incorporating both qualitative and quantitative aspects, we offer a well-rounded approach to analysis. This study aims to provide readers with a comprehensive understanding of the Europe Corrugated Board and Packaging Market, including its historical and current performance, as well as potential growth opportunities in the future. Overall, this study is a valuable resource for individuals interested in gaining insights into the Europe Corrugated Board and Packaging Market and its future growth potential.

Find out more:-https://www.makreo.com/report/europe-corrugated-board-packaging-market-analysis-forecast-2018-2028

■ Period of Study
2017-2022 : Past and Present Scenario
2023-2028 : Future Outlook of the industry

■ Market Assessment: The report examines opportunity for the Europe Corrugated Board and Packaging Market on various grounds including, market revenue, leading manufacturers , market share by geography , market share by end users, price scenario and many other.

■ Region Assessed
• Europe
• Germany
• Italy
• Spain
• UK
• Others

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