Corrugated Fiberboard Market
Corrugated Fiberboard Market Forecasts to 2030 - Global Analysis By Flute Type (Flute A, Flute B, Flute C, Combination Flutes, Micro Flutes and Other Flute Types), Board Type, Material Type, Packaging Type, Printing Technology, Application and By Geography
According to Stratistics MRC, the Global Corrugated Fiberboard Market is accounted for $189.83 billion in 2024 and is expected to reach $266.09 billion by 2030 growing at a CAGR of 5.7% during the forecast period. Corrugated fiberboard is a sturdy, lightweight packaging material made of three layers: an inner layer of fluted paper (the corrugated medium) sandwiched between two outer layers (linerboards). This structure provides strength and durability, making it ideal for shipping and protecting various products. Corrugated fiberboard is commonly used for boxes, displays, and protective packaging due to its excellent stacking strength, resistance to crushing, and ability to be easily printed on. Its recyclability also makes it an environmentally friendly packaging option.
According to the USDA, in 2021, consumers in the U.S. spent an average of 10.3% of their disposable personal income on food, which is divided between foods at home (5.2%) and food away from home (5.1%).
Market Dynamics:
Driver:
Growing E-commerce sector
The growing e-commerce sector and increased demand for safe, durable packaging solutions for shipping products directly to consumers drives the need for corrugated fiberboard, which offers lightweight yet robust protection. Its ability to be customized for various products and sizes makes it ideal for e-commerce applications. Furthermore, the focus on sustainability in packaging aligns with the eco-friendly nature of corrugated fiberboard, enhancing its appeal to retailers and consumers, thereby boosting market growth in this segment.
Restraint:
Competition from alternatives
Competition from alternatives such as plastic, wood, and metal packaging are often more water-resistant and flexible, making it suitable for various products. Additionally, advancements in alternative materials may lead to innovations that further attract consumers. As businesses seek to differentiate their products and optimize costs, the preference for these alternatives can limit the demand for corrugated fiberboard, impacting market growth.
Opportunity:
Innovative designs and technologies
Innovative designs and technologies, advances in manufacturing techniques enable the production of lightweight yet stronger materials, improving protection during transit. Customization options, allow brands to differentiate their products and engage consumers more effectively. Additionally, incorporating smart technologies, like QR codes for tracking and augmented reality features for consumer interaction, enhances the overall packaging experience. These innovations cater to the evolving demands of industries, driving growth in the corrugated fiberboard market.
Threat:
Supply chain disruptions
Supply chain disruptions, such as paper and pulp, leading to production delays and increased costs and also events like natural disasters, geopolitical tensions, or global pandemics can disrupt transportation networks, resulting in logistical challenges that slow down distribution. Additionally, these disruptions can lead to fluctuations in demand, as manufacturers may struggle to meet the needs of their customers. Ultimately, such uncertainties impact profitability and efficiency, making it challenging for companies to maintain competitive pricing and consistent product availability.
Covid-19 Impact
The COVID-19 pandemic significantly impacted the Corrugated Fiberboard Market by accelerating demand due to the surge in e-commerce and home deliveries. Lockdowns increased online shopping, necessitating efficient packaging solutions for safe product transportation. However, disruptions in supply chains and raw material shortages initially hampered production capabilities. As businesses adapted to new consumer behaviors and increased focus on sustainability, the market showed resilience and growth potential, emphasizing the importance of corrugated fiberboard in packaging for various sectors during and after the pandemic.
The single wall segment is expected to be the largest during the forecast period
During the forecast period, the single wall segment is anticipated to register the largest market share, due to effective and versatile packaging solutions. Single wall corrugated fiberboard, composed of one layer of fluting between two liners, offers sufficient strength for various applications. Its ease of customization and printing makes it attractive for branding and marketing purposes. As businesses increasingly seek efficient packaging solutions for e-commerce and retail, the demand for single wall corrugated fiberboard rises, driving market growth in both developed and emerging economies.
The healthcare segment is expected to have the highest CAGR during the forecast period
During the projection period, the healthcare segment is expected to grow at the highest CAGR, due to its essential role in packaging medical supplies and diagnostic equipment. Corrugated fiberboard offers excellent protection against contamination and damage, ensuring the safe transport of sensitive products. Its lightweight nature and cost-effectiveness make it an ideal choice for hospitals, clinics, and laboratories. Additionally, the increasing demand for e-commerce in healthcare, particularly for home delivery of medications and medical devices, further boosts the need for robust and reliable corrugated fiberboard packaging solutions in the sector.
Region with largest share:
During the estimation period, the Asia Pacific region is expected to capture the largest market share due to rapid industrialization and urbanization. Countries like China and India are leading in demand due to their expanding e-commerce sectors and packaging needs across various industries, including food and electronics. The shift towards sustainable packaging solutions further boosts the market, as consumers increasingly prefer eco-friendly materials. Additionally, innovations in corrugated fiberboard manufacturing, such as improved durability and design, are enhancing its appeal, positioning the Asia-Pacific region as a key player in the global corrugated fiberboard market.
Region with highest CAGR:
The North America region is projected to achieve the highest CAGR during the forecast period, owing to the booming e-commerce sector that demands efficient packaging solutions for safe product transportation. With a focus on sustainability, manufacturers are increasingly adopting eco-friendly practices, enhancing the market's appeal. The automotive and electronics industries are significant consumers, relying on corrugated fiberboard for protective packaging. Additionally, innovations in design and production technology are improving functionality and customization options. Strong recycling initiatives further bolster the market, positioning North America as a key player in the global corrugated fiberboard landscape.
Key players in the market
Some of the key players profiled in the Corrugated Fiberboard Market include International Paper Company, WestRock Company, Smurfit Kappa Group, Mondi Group, Georgia-Pacific LLC, Oji Holdings Corporation, DS Smith Plc, Packaging Corporation of America (PCA), Rengo Co., Ltd., Klabin S.A., Stora Enso Oyj, Nine Dragons Paper Holdings Limited, Pratt Industries, Inc., Cascades Inc., VPK Packaging Group, Saica Group, Nippon Paper Industries Co., Ltd., Svenska Cellulosa Aktiebolaget (SCA), Amcor Ltd. and Graphic Packaging International, LLC.
Key Developments:
In August 14 2024, International Paper renewed its commitment to environmental conservation investment in partnerships with organizations like the American Forest Foundation and The Nature Conservancy. These initiatives support their Vision 2030 goal to conserve one million acres of forestland.
In April 2024, International Paper Company has made significant moves recently, including collaboration with DS Smith Plc to form a strategic partnership expected to strengthen their position in sustainable packaging. The strategic rationale behind this collaboration includes the optimization of their respective mill networks and supply chains, which is expected to drive down costs and improve efficiency, leveraging the strengths of both companies to enhance customer offerings and innovation.
Flute Types Covered:
• Flute A
• Flute B
• Flute C
• Combination Flutes
• Micro Flutes
• Other Flute Types
Board Types Covered:
• Single Wall
• Double Wall
• Triple Wall
Material Types Covered:
• Virgin Fiber
• Recycled Fiber
• Mixed Fiber
• Other Material Types
Packaging Types Covered:
• Boxes
• Sheets
• Trays
• Partitions
• Pallets
• Displays
• Other Packaging Types
Printing Technologies Covered:
• Flexographic Printing
• Digital Printing
• Lithographic Printing
• Screen Printing
• Other Printing Technologies
Applications Covered:
• Food & Beverage
• Personal Care & Cosmetics
• Pharmaceuticals
• Electronics & Consumer Goods
• E-commerce & Retail
• Automotive & Machinery
• Agriculture
• Healthcare
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Corrugated Fiberboard Market, By Flute Type
5.1 Introduction
5.2 Flute A
5.3 Flute B
5.4 Flute C
5.5 Combination Flutes
5.6 Micro Flutes
5.7 Other Flute Types
6 Global Corrugated Fiberboard Market, By Board Type
6.1 Introduction
6.2 Single Wall
6.3 Double Wall
6.4 Triple Wall
7 Global Corrugated Fiberboard Market, By Material Type
7.1 Introduction
7.2 Virgin Fiber
7.3 Recycled Fiber
7.4 Mixed Fiber
7.5 Other Material Types
8 Global Corrugated Fiberboard Market, By Packaging Type
8.1 Introduction
8.2 Boxes
8.3 Sheets
8.4 Trays
8.5 Partitions
8.6 Pallets
8.7 Displays
8.8 Other Packaging Types
9 Global Corrugated Fiberboard Market, By Printing Technology
9.1 Introduction
9.2 Flexographic Printing
9.3 Digital Printing
9.4 Lithographic Printing
9.5 Screen Printing
9.6 Other Printing Technologies
10 Global Corrugated Fiberboard Market, By Application
10.1 Introduction
10.2 Food & Beverage
10.3 Personal Care & Cosmetics
10.4 Pharmaceuticals
10.5 Electronics & Consumer Goods
10.6 E-commerce & Retail
10.7 Automotive & Machinery
10.8 Agriculture
10.9 Healthcare
10.10 Other Applications
11 Global Corrugated Fiberboard Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 International Paper Company
13.2 WestRock Company
13.3 Smurfit Kappa Group
13.4 Mondi Group
13.5 Georgia-Pacific LLC
13.6 Oji Holdings Corporation
13.7 DS Smith Plc
13.8 Packaging Corporation of America (PCA)
13.9 Rengo Co., Ltd.
13.10 Klabin S.A.
13.11 Stora Enso Oyj
13.12 Nine Dragons Paper Holdings Limited
13.13 Pratt Industries, Inc.
13.14 Cascades Inc.
13.15 VPK Packaging Group
13.16 Saica Group
13.17 Nippon Paper Industries Co., Ltd.
13.18 Svenska Cellulosa Aktiebolaget (SCA)
13.19 Amcor Ltd.
13.20 Graphic Packaging International, LLC
List of Tables
1 Global Corrugated Fiberboard Market Outlook, By Region (2022-2030) ($MN)
2 Global Corrugated Fiberboard Market Outlook, By Flute Type (2022-2030) ($MN)
3 Global Corrugated Fiberboard Market Outlook, By Flute A (2022-2030) ($MN)
4 Global Corrugated Fiberboard Market Outlook, By Flute B (2022-2030) ($MN)
5 Global Corrugated Fiberboard Market Outlook, By Flute C (2022-2030) ($MN)
6 Global Corrugated Fiberboard Market Outlook, By Combination Flutes (2022-2030) ($MN)
7 Global Corrugated Fiberboard Market Outlook, By Micro Flutes (2022-2030) ($MN)
8 Global Corrugated Fiberboard Market Outlook, By Other Flute Types (2022-2030) ($MN)
9 Global Corrugated Fiberboard Market Outlook, By Board Type (2022-2030) ($MN)
10 Global Corrugated Fiberboard Market Outlook, By Single Wall (2022-2030) ($MN)
11 Global Corrugated Fiberboard Market Outlook, By Double Wall (2022-2030) ($MN)
12 Global Corrugated Fiberboard Market Outlook, By Triple Wall (2022-2030) ($MN)
13 Global Corrugated Fiberboard Market Outlook, By Material Type (2022-2030) ($MN)
14 Global Corrugated Fiberboard Market Outlook, By Virgin Fiber (2022-2030) ($MN)
15 Global Corrugated Fiberboard Market Outlook, By Recycled Fiber (2022-2030) ($MN)
16 Global Corrugated Fiberboard Market Outlook, By Mixed Fiber (2022-2030) ($MN)
17 Global Corrugated Fiberboard Market Outlook, By Other Material Types (2022-2030) ($MN)
18 Global Corrugated Fiberboard Market Outlook, By Packaging Type (2022-2030) ($MN)
19 Global Corrugated Fiberboard Market Outlook, By Boxes (2022-2030) ($MN)
20 Global Corrugated Fiberboard Market Outlook, By Sheets (2022-2030) ($MN)
21 Global Corrugated Fiberboard Market Outlook, By Trays (2022-2030) ($MN)
22 Global Corrugated Fiberboard Market Outlook, By Partitions (2022-2030) ($MN)
23 Global Corrugated Fiberboard Market Outlook, By Pallets (2022-2030) ($MN)
24 Global Corrugated Fiberboard Market Outlook, By Displays (2022-2030) ($MN)
25 Global Corrugated Fiberboard Market Outlook, By Other Packaging Types (2022-2030) ($MN)
26 Global Corrugated Fiberboard Market Outlook, By Printing Technology (2022-2030) ($MN)
27 Global Corrugated Fiberboard Market Outlook, By Flexographic Printing (2022-2030) ($MN)
28 Global Corrugated Fiberboard Market Outlook, By Digital Printing (2022-2030) ($MN)
29 Global Corrugated Fiberboard Market Outlook, By Lithographic Printing (2022-2030) ($MN)
30 Global Corrugated Fiberboard Market Outlook, By Screen Printing (2022-2030) ($MN)
31 Global Corrugated Fiberboard Market Outlook, By Other Printing Technologies (2022-2030) ($MN)
32 Global Corrugated Fiberboard Market Outlook, By Application (2022-2030) ($MN)
33 Global Corrugated Fiberboard Market Outlook, By Food & Beverage (2022-2030) ($MN)
34 Global Corrugated Fiberboard Market Outlook, By Personal Care & Cosmetics (2022-2030) ($MN)
35 Global Corrugated Fiberboard Market Outlook, By Pharmaceuticals (2022-2030) ($MN)
36 Global Corrugated Fiberboard Market Outlook, By Electronics & Consumer Goods (2022-2030) ($MN)
37 Global Corrugated Fiberboard Market Outlook, By E-commerce & Retail (2022-2030) ($MN)
38 Global Corrugated Fiberboard Market Outlook, By Automotive & Machinery (2022-2030) ($MN)
39 Global Corrugated Fiberboard Market Outlook, By Agriculture (2022-2030) ($MN)
40 Global Corrugated Fiberboard Market Outlook, By Healthcare (2022-2030) ($MN)
41 Global Corrugated Fiberboard Market Outlook, By Other Applications (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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