This Corrugated Board Market research report provides an assessment of key trends set to impact publishers and developers across key market sectors. It discusses the segmentation of the global market in order to present to readers a comprehensive picture of the markets current condition, in addition to an extensive analysis of the market drivers and restraints and other economic factors affecting its growth over the forecast period. The Corrugated Board Market report delivers key ideas to readers about the likely development trajectory of the global earthmoving equipment market and how they stand to prosper from the markets movement
The research analyst performs unbiased measurement and assessment of the market opportunities to mention the detailed data in the Corrugated Board Market report. Our team of key opinion leaders evaluates the market size, growth prospects, end use applications, value and supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
Data Bridge Market Research analyses that the corrugated board market was valued at USD 96.42 billion in 2021 and is expected to reach USD 156.01 billion by 2029, registering a CAGR of 6.20% during the forecast period of 2022 to 2029
Definition
Corrugated board or corrugated cardboard is a type of cardboard which is consisting a fluted corrugated sheet and one or two flat liner boards. The corrugated board is made on "corrugators" or "flute lamination machines" for making cardboard boxes. The linerboard(s) and medium corrugated sheet are made of Kraft containerboard. Kraft containerboard is a paperboard material generally over 0.25 millimetres (0.01 in) thick.
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Key Growth Drivers:
- Rise in demand for eco-friendly packaging
Growing demand for eco-friendly packaging resources for customer belongings applications, such as packaging of chocolate, cigarette, and other quality products, is expected to drive the demand for corrugated board in the market
- Increasing demand of corrugated board for packaging of cosmetic and personal care products
Corrugated board is commonly used in the packaging of cosmetics products. It is considered a perfect material for both primary and secondary packaging of personal care products and cosmetics products due to its excellent workability. This factor is anticipated to continue during the forecast period, making cosmetic and personal care packaging a main driver of the corrugated board market.
- Expansion of E-commerce business in the developing nations
Rise in demand for food packaging always increase the demand for corrugated packages due to growing e-commerce shipments. This is the major driving factor for the growth of the market. Expansion of e-commerce business in the growing nations and rising demand for cartons in the transportation of bottled liquids is helping in the development of corrugated board market.
The report emphasizes the participation of key entities, notably:
- DS Smith (U.K.)
- International Paper (U.S.)
- Mondi (U.K.)
- Cascades Inc. (Canada)
- AMERICAN BOX COMPANY (U.S.)
- S. Corrugated, Inc. (U.S.)
- Georgia-Pacific (U.S.)
- Koch Industries Inc. (U.S.)
- Menasha Corporation (U.S.)
- Rengo Co., Ltd (Japan)
- Green Bay Packaging Inc. (U.S.)
- WestRock Company (U.S.)
- Amcor plc (Switzerland)
- NIPPON PAPER INDUSTRIES CO., LTD. (Japan)
- Smurfit Kappa(Ireland)
- Sealed Air (U.S.)
- Stora Enso (Finland)
- Sonoco Products Company (U.S.)
Key Market Perspectives:
- Thorough examination of prevailing market tendencies
- Updates on the latest product advancements and innovations
- Corrugated Board MarketCompound Annual Growth Rate (CAGR) for both historic and forecasted years
- Strategies and activities of prominent players and brands in the field
- Insights into the industry landscape for emerging participants
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Key Market Segmentation
By Product (Single Face Board, Single Wall Board, Double Wall Board, Triple Wall Board), Application (Retail, Food and Drink, Consumer Goods, Industrial, Shipping and Handling), Flute Type (A-Flute, B-Flute, C-Flute, E-Flute, F-Flute, Others), Board Style (Single Face, Single Wall, Double Wall, Triple Wall)
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