Corrugated Boards Market Share, Trends and Analysis by 2028

    Corrugated Boards Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Application (Food and Beverage, E-commerce, Consumer Durables, Electrical and Electronics, and Others)

    Publication Month: Nov 2021 | Report Code: TIPRE00014044 | No. of Pages: 139 | Category: Chemicals and Materials | Status: Published

    The corrugated boards market was valued at US$ 127,139.07 million in 2021 and is projected to reach US$ 192,153.31 million by 2028; it is expected to grow at a CAGR of 6.1% from 2021 to 2028.

    Corrugated packaging involves the packaging of various goods, such as food and beverage products, consumer durables, and electronics and electrical appliances, in corrugated boxes for secondary transportation. The use of corrugated board for packaging is a cost-effective and adaptable packaging technique for protecting, preserving, and transporting a variety of items. Corrugated boards are suitable for application in a variety of industries, such as food & beverages, consumer durables, electrical and electronics, paper, chemicals, personal care and home products, agriculture, forestry, fishing, and plastic and rubber products.

    In 2020, Asia-Pacific held the largest share of the global corrugated boards market and is estimated to register the highest CAGR in the market during the forecast period. In Asia-Pacific, there has been an increase in the consumption of corrugated boards in various industries, such as food & beverages, electronics, and e-commerce. The rise in awareness regarding sustainable and cost-effective corrugated board packaging solutions, which are used in the transportation of products, and various initiatives by the government to ban plastic packaging in several Asian countries would boost the demand for corrugated boards in the region in the coming years. Also, an increase in awareness about the environment propels the demand for greener packaging solutions, which is driving the growth of corrugated boards market. In addition, the rise in the demand for electronic goods, automotive parts, home care, and beauty & personal care products from domestic and international markets is fueling the demand for corrugated boxes, thereby driving the corrugated board market growth. The e-commerce industry is growing at a rapid pace in the region. One of the main e-commerce retailers, Amazon is using corrugated board boxes for the principal packaging and rely on plastic packaging for individual items in Asia-Pacific. In Thailand, the increasing concerns related to packaging wastes are likely to compel government to make regulations that prompts the citizens to adopt environment-friendly options, such as folding cartons or corrugated boxes, as a viable choice for packaging, which would provide growth opportunities for the corrugated boards market in the region during the forecast period.


    Strategic Insights

    Impact of COVID-19 Pandemic on Corrugated Boards Market

    Many sectors, such as the chemicals & materials industry, faced unprecedented challenges due to the COVID-19 pandemic. The implementation of COVID-19 safety protocols led to the shortage of raw material and labor, shutdown of factories, and other operational difficulties. Therefore, companies involved in the manufacturing of packaging products faced a contraction in sales during the initial months of the pandemic. The e-commerce sector witnessed a significant demand for various products, such as packaged food and beverages, groceries, daily essentials, consumer durable goods, owing to the shutdown of offline stores. With the rapidly growing e-commerce sector, even in the COVID-19 pandemic, there was a significant demand for corrugated boards from the e-commerce sector to package and transfer various goods. However, due to shortage of raw materials and shutdown of manufacturing units due to extended nationwide lockdowns, there was a huge demand and supply gap, which negatively impacted the corrugated boards market growth. Moreover, due to slowdown in logistics operations, the packaging industry faced a significant loss.

    Businesses are gaining ground as the governments of various countries eased out the previously imposed restrictions. Moreover, the introduction of COVID-19 vaccine has eased out the situation, leading to a rise in business activities across the world. Moreover, logistics companies involved in the transportation of daily essential goods and food and beverage products propelled the demand for corrugated boards. Thus, the global corrugated boards market is expected to grow significantly in the coming years. The COVID-19 pandemic has spurred the development of the e-commerce industry. It has given customers access to a wide range of products, such as essential goods, convenience products, and safety goods. It has also allowed businesses to continue operating despite limitations and restrictions imposed on various industrial and transportation activities. The e-commerce industry has significantly contributed to the revival of logistics operations, which, in turn, is expected to bolster the growth of the corrugated boards market in the coming years.

    Corrugated Boards Market Breakdown: by Region

    Corrugated Boards Market Breakdown: by Region

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    Market Insights

    Rapid Expansion of Online Retail

    E-commerce platforms have gained a significant momentum across the world owing to the rising investments by businesses in the expansion of their geographic reach through diverse distribution channels, along with the growth of the industrial sector. As a result, direct-to-consumer deliveries have surged by 20-times or more than standard distribution. Moreover, online retailers have experienced a significant growth in the past several years owing to technological innovations, which has propelled the demand for corrugated packaging products. The COVID-19 pandemic has aggravated the growth of online retail due to social distancing being mandated at public places and restrictions enacted on conducting face-to-face commerce. As per an article published by The Rio Times in March 2021, revenues generated from e-commerce distribution channels rose by 41% in 2020, with more than 194 million orders placed by Brazilian consumers in the year. This is considered as the highest recorded percentage increase in Brazil since 2007. According to Eurostat, 70% of the European population were e-shoppers in 2020, which was 60% in 2016. Therefore, the growth of the e-commerce industry propels the demand for advanced packaging solutions, such as corrugated boards, across the world.

    Application Insights

    Based on application, the corrugated boards market is segmented into food and beverage, e-commerce, consumer durables, electrical and electronics, and others. The food and beverage segment accounted for the largest market share in 2020, whereas the e-commerce segment is expected to register the highest CAGR in the market during the forecast period. In the food & beverages industry, corrugatedboards are frequently utilizedin the packaging and transportation of various food products. They areused to manufacture cartons and boxes that offer a firm cushionwhile transporting and handling various items, such as fresh fruits and vegetables, meat products, eggs, and bakery products, and they areone of the safest and mosthygienic packaging options available inthe market. Corrugated boards are clean and hygienic since they are manufactured at high temperatures. The boards maintain optimum moisture levelsand prevent bacteria from growing, making them ideal for shipping perishable foods. This factor is expected to fuel the demand for corrugated boards from the food & beverages packaging industry in the coming years.

    Corrugated Boards Market, by Application – 2020 and 2028

    Corrugated Boards Market, by Application – 2020 and 2028

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    A few players operating in the corrugated boards market are IRANI PAPEL E EMBALAGEM S.A.; Smurfit Kappa; Klabin S.A.; WestRock Company; International Paper; Arcor; Klingele Papierwerke GmbH & Co. KG; Papeles y Conversiones de México; Mondi; and NIPPON PAPER INDUSTRIES CO., LTD.

    Report Spotlights

    • Progressive industry trends in the corrugated boards market to help players develop effective long-term strategies
    • Business growth strategies adopted by developed and developing markets
    • Quantitative analysis of the corrugated boards market from 2019 to 2028
    • Estimation of global demand for corrugated boards
    • Porter’s five forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
    • Recent developments to understand the competitive market scenario
    • Market trends and outlook as well as factors driving and restraining the growth of the corrugated boards market
    • Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
    • The size of the corrugated boards market size at various nodes
    • Detailed overview and segmentation of the market, as well as the corrugated boards industry dynamics
    • Size of the corrugated boards market in various regions with promising growth opportunities


    Corrugated Boards Market – by Application

    • Food and Beverage
    • E-commerce
    • Consumer Durables
    • Electrical and Electronics
    • Others


    Company Profiles

    • IRANI PAPEL E EMBALAGEM S.A.
    • Smurfit Kappa
    • Klabin S.A.
    • WestRock Company
    • International Paper
    • Arcor
    • Klingele Papierwerke GmbH & Co. KG
    • Papeles y Conversiones de México
    • Mondi
    • NIPPON PAPER INDUSTRIES CO., LTD.

    1. Introduction. 16

    1.1 Study Scope. 16

    1.2 The Insight Partners Research Report Guidance. 16

    1.3 Market Segmentation. 17

    2. Key Takeaways. 19

    3. Research Methodology. 23

    3.1 Scope of the Study. 23

    3.2 Research Methodology. 23

    3.2.1 Data Collection: 24

    3.2.2 Primary Interviews: 24

    3.2.3 Hypothesis formulation: 25

    3.2.4 Macro-economic factor analysis: 25

    3.2.5 Developing base number: 25

    3.2.6 Data Triangulation: 25

    3.2.7 Country level data: 26

    4. Corrugated Boards Market Landscape. 27

    4.1 Market Overview.. 27

    4.2 Porter’s Five Forces Analysis. 28

    4.2.1 Bargaining Power of Suppliers. 28

    4.2.2 Bargaining Power of Buyers. 29

    4.2.3 Threat of Substitutes. 29

    4.2.4 Threat of New Entrants. 29

    4.2.5 Intensity of Competitive Rivalry. 29

    4.3 Expert Opinion. 30

    4.4 Ecosystem Analysis. 30

    5. Corrugated Board Market – Key Market Dynamics. 32

    5.1 Market Drivers. 32

    5.1.1 Growing Demand for Corrugated Boards in Diverse Application Range. 32

    5.1.2 Rapid Expansion of Online Retail 32

    5.2 Market Restraints. 33

    5.2.1 Fluctuating Prices of Raw Materials. 33

    5.3 Market Opportunities. 33

    5.3.1 Escalating Demand for Sustainable and Lightweight Packaging Materials. 33

    5.4 Future Trends. 34

    5.4.1 Advancements in Digital Printing. 34

    5.5 Impact Analysis of Drivers and Restraints. 34

    6. Corrugated Boards – Global Market Analysis. 35

    6.1 Corrugated Boards Market Overview.. 35

    6.2 Corrugated Boards Market –Revenue and Forecast to 2028 (US$ Million) 37

    6.3 Market Positioning - Corrugated Boards Market Players. 37

    7. Corrugated Board Market Analysis – By Application. 39

    7.1 Overview.. 39

    7.2 Corrugated Board Market, By Application (2020 and 2028) 39

    7.3 Food and Beverages. 39

    7.3.1 Overview.. 39

    7.3.2 Food and Beverages: Corrugated Boards Market – Revenue and Forecast To 2028 (US$ Million) 40

    7.3.3 Processed Food Industry. 40

    7.3.3.1 Overview.. 40

    7.3.3.2 Processed Food Industry: Corrugated Boards Market – Revenue and Forecast To 2028 (US$ Million) 40

    7.3.4 Fresh Fruit and Vegetable Packaging. 41

    7.3.4.1 Overview.. 41

    7.3.4.2 Fresh Fruit and Vegetable Packaging: Corrugated Boards Market – Revenue and Forecast To 2028 (US$ Million) 41

    7.3.5 Others. 41

    7.3.5.1 Overview.. 41

    7.3.5.2 Others: Corrugated Boards Market – Revenue and Forecast To 2028 (US$ Million) 42

    7.4 E- Commerce. 43

    7.4.1 Overview.. 43

    7.4.2 E-Commerce: Corrugated Boards Market – Revenue and Forecast To 2028 (US$ Million) 43

    7.5 Consumer Durables. 44

    7.5.1 Overview.. 44

    7.5.2 Consumer Durables: Corrugated Boards Market – Revenue and Forecast To 2028 (US$ Million) 44

    7.6 Electronics and Electricals. 45

    7.6.1 Overview.. 45

    7.6.2 Electronics and Electricals: Corrugated Boards Market – Revenue and Forecast To 2028 (US$ Million) 45

    7.7 Others. 46

    7.7.1 Overview.. 46

    7.7.2 Others: Corrugated Boards Market – Revenue and Forecast To 2028 (US$ Million) 46

    8. Corrugated Board Market – Geographic Analysis. 47

    8.1 Overview.. 47

    8.2 North America: Corrugated Board Market 47

    8.2.1 North America: Corrugated Board Market –Revenue and Forecast to 2028 (US$ Million) 48

    8.2.2 North America: Corrugated Board Market, by Application. 49

    8.2.3 North America: Corrugated Board Market, by Key Country. 50

    8.2.3.1 US: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 50

    8.2.3.1.1 US: Corrugated Board Market, by Application. 51

    8.2.3.2 Canada: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 52

    8.2.3.2.1 Canada: Corrugated Board Market, by Application. 53

    8.3 Europe: Corrugated Board Market 54

    8.3.1 Europe: Corrugated Board Market –Revenue and Forecast to 2028 (US$ Million) 55

    8.3.2 Europe: Corrugated Board Market, by Application. 55

    8.3.3 Europe: Corrugated Board Market, by Key Country. 56

    8.3.3.1 Germany: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 57

    8.3.3.1.1 Germany: Corrugated Board Market, by Application. 58

    8.3.3.2 France: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 58

    8.3.3.2.1 France: Corrugated Board Market, by Application. 59

    8.3.3.3 Italy: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 60

    8.3.3.3.1 Italy: Corrugated Board Market, by Application. 61

    8.3.3.4 UK: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 61

    8.3.3.4.1 UK: Corrugated Board Market, by Application. 62

    8.3.3.5 Russia: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 63

    8.3.3.5.1 Russia: Corrugated Board Market, by Application. 63

    8.3.3.6 Rest of Europe: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 64

    8.3.3.6.1 Rest of Europe: Corrugated Board Market, by Application. 65

    8.4 Asia Pacific: Corrugated Board market 66

    8.4.1 Asia Pacific: Corrugated Board Market –Revenue and Forecast to 2028 (US$ Million) 66

    8.4.2 Asia Pacific: Corrugated Board Market, by Application. 67

    8.4.3 Asia Pacific: Corrugated Board Market, by Key Country. 68

    8.4.3.1 India: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 68

    8.4.3.1.1 India: Corrugated Board Market, by Application. 69

    8.4.3.2 Australia: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 70

    8.4.3.2.1 Australia: Corrugated Board Market, by Application. 71

    8.4.3.3 China: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 71

    8.4.3.3.1 China: Corrugated Board Market, by Application. 72

    8.4.3.4 Japan: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 73

    8.4.3.4.1 Japan: Corrugated Board Market, by Application. 74

    8.4.3.5 South Korea: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 74

    8.4.3.5.1 South Korea: Corrugated Board Market, by Application. 75

    8.4.3.6 Rest of Asia Pacific: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 76

    8.4.3.6.1 Rest of Asia Pacific: Corrugated Board Market, by Application. 76

    8.5 Middle East and Africa: Corrugated Board Market 78

    8.5.1 Middle East and Africa: Corrugated Board Market –Revenue and Forecast to 2028 (US$ Million) 78

    8.5.2 Middle East and Africa: Corrugated Board Market, by Application. 79

    8.5.3 Middle East and Africa: Corrugated Board Market, by Key Country. 80

    8.5.3.1 South Africa: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 80

    8.5.3.1.1 South Africa: Corrugated Board Market, by Application. 81

    8.5.3.2 Saudi Arabia: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 82

    8.5.3.2.1 Saudi Arabia: Corrugated Board Market, by Application. 83

    8.5.3.3 UAE: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 83

    8.5.3.3.1 UAE: Corrugated Board Market, by Application. 84

    8.5.3.4 Rest of MEA: Corrugated Board Market –Revenue and Forecast to 2028 (US$ Million) 85

    8.5.3.4.1 Rest of Middle East and Africa: Corrugated Board Market, by Application. 85

    8.6 Latin America: Corrugated Board Market 87

    8.6.1 Latin America: Corrugated Board Market –Revenue and Forecast to 2028 (US$ Million) 88

    8.6.2 Latin America: Corrugated Board Market, By Application. 88

    8.6.3 Latin America: Corrugated Board Market, by Key Country. 89

    8.6.3.1 Brazil: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 90

    8.6.3.1.1 Brazil: Corrugated Board Market, by Application. 91

    8.6.3.2 Argentina: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 92

    8.6.3.2.1 Argentina: Corrugated Board Market, by Application. 92

    8.6.3.3 Chile: Corrugated Board Market –Revenue and Forecast to 2028 (US$ Million) 93

    8.6.3.3.1 Chile: Corrugated Board Market, by Application. 94

    8.6.3.4 Colombia: Corrugated Board Market –Revenue and Forecast to 2028 (US$ Million) 94

    8.6.3.4.1 Colombia: Corrugated Board Market, by Application. 95

    8.6.3.5 Mexico: Corrugated Board Market –Revenue and Forecast to 2028 (US$ Million) 96

    8.6.3.5.1 Mexico: Corrugated Board Market, by Application. 97

    8.6.3.6 Rest of Latin America: Corrugated Board Market –Revenue and Forecast to 2028 (US$ Million) 97

    8.6.3.6.1 Rest of Latin America: Corrugated Board Market, by Application. 98

    9. Impact of COVID-19: Corrugated Boards Market 99

    9.1 Overview – Impact of COVID-19. 99

    9.2 North America: Impact Assessment of COVID-19 Pandemic. 99

    9.3 Europe: Impact Assessment of COVID-19 Pandemic. 101

    9.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic. 102

    9.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic. 103

    9.6 South America: Impact Assessment of COVID-19 Pandemic. 104

    10. Industry Landscape. 105

    10.1 Overview.. 105

    10.2 Merger & Acquisition. 105

    10.3 Business Planning and Strategy. 106

    10.4 Expansion & Collaboration. 106

    10.5 Product News. 107

    11. Company Profiles. 108

    11.1 IRANI PAPEL E EMBALAGEM SA. 108

    11.1.1 Key Facts. 108

    11.1.2 Business Description. 108

    11.1.3 Products and Services. 108

    11.1.4 Financial Overview.. 109

    11.1.5 SWOT Analysis. 109

    11.1.6 Key Developments. 109

    11.2 Smurfit Kappa. 110

    11.2.1 Key Facts. 110

    11.2.2 Business Description. 110

    11.2.3 Products and Services. 110

    11.2.4 Financial Overview.. 111

    11.2.5 SWOT Analysis. 112

    11.2.6 Key Developments. 113

    11.3 Klabin S.A. 114

    11.3.1 Key Facts. 114

    11.3.2 Business Description. 114

    11.3.3 Products and Services. 114

    11.3.4 Financial Overview.. 115

    11.3.5 SWOT Analysis. 115

    11.3.6 Key Developments. 116

    11.4 WestRock Company. 117

    11.4.1 Key Facts. 117

    11.4.2 Business Description. 117

    11.4.3 Products and Services. 117

    11.4.4 Financial Overview.. 118

    11.4.5 SWOT Analysis. 119

    11.4.6 Key Developments. 119

    11.5 International Paper 120

    11.5.1 Key Facts. 120

    11.5.2 Business Description. 120

    11.5.3 Products and Services. 120

    11.5.4 Financial Overview.. 121

    11.5.5 SWOT Analysis. 122

    11.5.6 Key Developments. 123

    11.6 Arcor 124

    11.6.1 Key Facts. 124

    11.6.2 Business Description. 124

    11.6.3 Products and Services. 124

    11.6.4 Financial Overview.. 125

    11.6.5 SWOT Analysis. 126

    11.6.6 Key Developments. 126

    11.7 Klingele Papierwerke GmbH & Co. KG.. 127

    11.7.1 Key Facts. 127

    11.7.2 Business Description. 127

    11.7.3 Products and Services. 127

    11.7.4 Financial Overview.. 127

    11.7.5 SWOT Analysis. 128

    11.7.6 Key Developments. 128

    11.8 Papeles y Conversiones de México. 129

    11.8.1 Key Facts. 129

    11.8.2 Business Description. 129

    11.8.3 Products and Services. 129

    11.8.4 Financial Overview.. 129

    11.8.5 SWOT Analysis. 130

    11.8.6 Key Developments. 130

    11.9 Mondi 131

    11.9.1 Key Facts. 131

    11.9.2 Business Description. 131

    11.9.3 Products and Services. 131

    11.9.4 Financial Overview.. 132

    11.9.5 SWOT Analysis. 134

    11.9.6 Key Developments. 134

    11.10 NIPPON PAPER INDUSTRIES CO., LTD. 135

    11.10.1 Key Facts. 135

    11.10.2 Business Description. 135

    11.10.3 Products and Services. 135

    11.10.4 Financial Overview.. 136

    11.10.5 SWOT Analysis. 137

    11.10.6 Key Developments. 137

    12. Appendix. 138

    12.1 About The Insight Partners. 138

    12.2 Glossary. 138

    LIST OF TABLES

    Table 1. Corrugated Boards Market –Revenue and Forecast to 2028 (US$ Million) 37

    Table 2. North America Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 49

    Table 3. US Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 51

    Table 4. Canada Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 53

    Table 5. Europe Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 56

    Table 6. Germany Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 58

    Table 7. France Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 59

    Table 8. Italy Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 61

    Table 9. UK Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 62

    Table 10. Russia Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 63

    Table 11. Rest of Europe Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 65

    Table 12. Asia Pacific Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 67

    Table 13. India Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 69

    Table 14. Australia Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 71

    Table 15. China Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 72

    Table 16. Japan Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 74

    Table 17. South Korea Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 75

    Table 18. Rest of Asia Pacific Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 76

    Table 19. Middle East and Africa Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 79

    Table 20. South Africa Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 81

    Table 21. Saudi Arabia Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 83

    Table 22. UAE Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 84

    Table 23. Rest of Middle East and Africa Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 85

    Table 24. Latin America Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 89

    Table 25. Latin America Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 90

    Table 26. Brazil Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 91

    Table 27. Argentina Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 92

    Table 28. Chile Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 94

    Table 29. Colombia Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 95

    Table 30. Mexico Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 97

    Table 31. Rest of Latin America Corrugated Board Market, by Application – Revenue and Forecast to 2028 (USD Million) 98

    Table 32. Glossary of Terms, Global Corrugated Board Market 138

    LIST OF FIGURES

    Figure 1. Corrugated Boards Market Segmentation. 17

    Figure 2. Corrugated Boards Market Segmentation – By Geography. 18

    Figure 3. Global Corrugated Boards Market Overview.. 19

    Figure 4. Food and Beverage Segment Held the Largest Share of the Global Corrugated Boards Market 20

    Figure 5. Asia-Pacific Region Held Largest Share of Global Corrugated Boards Market 21

    Figure 6. Global Corrugated Boards Market, Key Market Players. 22

    Figure 7. Porter ‘s Five Forces Analysis for Corrugated Board Market 28

    Figure 8. Expert Opinion. 30

    Figure 9. Corrugated board Market– Ecosystem Analysis. 30

    Figure 10. Global Float Glass Market Impact Analysis of Drivers and Restraints. 34

    Figure 11. Geographic Overview of Corrugated Boards Market 36

    Figure 12. Global: Corrugated Boards Market – Revenue and Forecast to 2028 (US$ Million) 37

    Figure 13. Corrugated Board Market Revenue Share, By Application (2020 and 2028) 39

    Figure 14. Food and Beverages: Corrugated Board Market – Revenue and Forecast To 2028 (US$ Million) 40

    Figure 15. Processed Food Industry: Corrugated Boards Market – Revenue and Forecast To 2028 (US$ Million) 40

    Figure 16. Fresh Fruit and Vegetable Packaging Industry: Corrugated Boards Market – Revenue and Forecast To 2028 (US$ Million) 41

    Figure 17. Others: Corrugated Boards Market – Revenue and Forecast To 2028 (US$ Million) 42

    Figure 18. E-Commerce: Corrugated Boards Market – Revenue and Forecast To 2028 (US$ Million) 43

    Figure 19. Consumer Durables: Corrugated Boards Market – Revenue and Forecast To 2028 (US$ Million) 44

    Figure 20. Electrical and Electronics: Corrugated Boards Market – Revenue and Forecast To 2028 (US$ Million) 45

    Figure 21. Others: Corrugated Boards Market – Revenue and Forecast To 2028 (US$ Million) 46

    Figure 22. Global Corrugated Board Market Revenue Share, By Region (2020 and 2028) 47

    Figure 23. North America: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 48

    Figure 24. North America: Corrugated Board Market Revenue Share, by Application (2020 and 2028) 49

    Figure 25. North America: Corrugated Board Market Revenue Share, by Key Country (2020 and 2028) 50

    Figure 26. US: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 50

    Figure 27. Canada: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 52

    Figure 28. Europe: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 55

    Figure 29. Europe: Corrugated Board Market Revenue Share, by Application (2020 and 2028) 55

    Figure 30. Europe: Corrugated Board Market Revenue Share, by Key Country (2020 and 2028) 56

    Figure 31. Germany: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 57

    Figure 32. France: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 58

    Figure 33. Italy: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 60

    Figure 34. UK: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 61

    Figure 35. Russia: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 63

    Figure 36. Rest of Europe: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 64

    Figure 37. Asia Pacific: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 66

    Figure 38. Asia Pacific: Corrugated Board Market Revenue Share, by Application (2020 and 2028) 67

    Figure 39. Asia Pacific: Corrugated Board Market Revenue Share, by Key Country (2020 and 2028) 68

    Figure 40. India: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 68

    Figure 41. Australia: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 70

    Figure 42. China: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 71

    Figure 43. Japan: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 73

    Figure 44. South Korea: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 74

    Figure 45. Rest of Asia Pacific: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 76

    Figure 46. Middle East and Africa: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 78

    Figure 47. Middle East and Africa: Corrugated Board Market Revenue Share, by Application (2020 and 2028) 79

    Figure 48. Middle East and Africa: Corrugated Board Market Revenue Share, by Key Country (2020 and 2028) 80

    Figure 49. South Africa: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 80

    Figure 50. Saudi Arabia: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 82

    Figure 51. UAE: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 83

    Figure 52. Rest of MEA: Corrugated Board Market –Revenue and Forecast to 2028 (US$ Million) 85

    Figure 53. Latin America: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 88

    Figure 54. Latin America: Corrugated Board Market Revenue Share, by Application (2020 and 2028) 88

    Figure 55. Latin America: Corrugated Board Market Revenue Share, by Key Country (2020 and 2028) 89

    Figure 56. Brazil: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 90

    Figure 57. Argentina: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million) 92

    Figure 58. Chile: Corrugated Board Market –Revenue and Forecast to 2028 (US$ Million) 93

    Figure 59. Colombia: Corrugated Board Market –Revenue and Forecast to 2028 (US$ Million) 94

    Figure 60. Mexico: Corrugated Board Market –Revenue and Forecast to 2028 (US$ Million) 96

    Figure 61. Rest of Latin America: Corrugated Board Market –Revenue and Forecast to 2028 (US$ Million) 97

    Figure 62. Impact of COVID-19 Pandemic on Corrugated Board Market in North America. 100

    Figure 63. Impact of COVID-19 Pandemic on Corrugated Board Market in Europe. 101

    Figure 64. Impact of COVID-19 Pandemic on Corrugated Board Market in Asia Pacific. 102

    Figure 65. Impact of COVID-19 Pandemic on Corrugated Board in Middle East and Africa. 103

    Figure 66. Impact of COVID-19 Pandemic on Corrugated Board in South America. 104

    The List of Companies - Corrugated Board Market

    1. IRANI PAPEL E EMBALAGEM S.A.
    2. Smurfit Kappa
    3. Klabin S.A.
    4. WestRock Company
    5. International Paper
    6. Arcor
    7. Klingele Papierwerke GmbH & Co. KG
    8. Papeles y Conversiones de México
    9. Mondi
    10. NIPPON PAPER INDUSTRIES CO., LTD
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    Frequently Asked Questions

    The major players operating in the corrugated boards market are IRANI PAPEL E EMBALAGEM S.A., Smurfit Kappa, Klabin S.A., WestRock Company, International Paper, Arcor, Klingele Papierwerke GmbH & Co. KG, Papeles y Conversiones de México, Mondi, and NIPPON PAPER INDUSTRIES CO., LTD.
    In 2020, Asia Pacific held the largest revenue share of the global corrugated boards market and is also expected to register the highest CAGR during the forecast period. Rising urbanization, rapidly emerging e-commerce sector, changing retail landscape, and increasing requirement for flexible packaging solutions from the food and beverage industry across the region are some of the crucial factors driving the growth of corrugated boards market. Moreover, growing prevalence of food delivery services owing to changing lifestyles of consumers in Asia-Pacific is also projected to further propel the market growth over the forecast period. Various initiatives taken by the government to ban plastic packaging in several Asian countries are also expected to accelerate product consumption. In accordance with this, the rise in the demand for electronic goods, automotive parts, home care, and beauty & personal care products, from domestic and international markets, is leading to an increase in demand for corrugated boxes, thereby driving the corrugated board market growth. The e-commerce industry is growing at a rapid pace in the recent years. One of the main e-commerce retailers, Amazon is using corrugated board boxes for the principal packaging and rely on plastic packaging for individual items in the Asia Pacific region. This factor is potentially propelling the growth of corrugated boards market across Asia-Pacific.
    Based on application, the e-commerce segment is expected to grow at the fastest CAGR from 2021 to 2028. E-commerce businesses primarily rely on logistics operations since delivering products to end customers is one of the primary components of their operations. Faster and shorter demand cycles necessitate increased flexibility and agility in e-commerce logistics. Corrugated boxes have been the backbone of e-commerce, enabling safe, flexible, and convenient transportation of various products worldwide. Moreover, as corrugated boards are inexpensive, they lower the packaging and transportation costs of logistics companies, thereby reducing the expenses of e-commerce retailers. Corrugated boxes can resist the rigors of transportation while protecting products in transit from damage. They have been widely used in the transportation of an array of products, from groceries to electronics. Thus, the rapidly growing e-commerce industry and growing utilization of corrugated boxes in e-commerce operations are the factors bolstering the demand for corrugated boards.
    On the basis of application, the food and beverage segment is leading the corrugated boards market in 2020. In the food and beverage industry, corrugated boards are frequently utilized in the packaging and transportation of various food products. They are used to manufacture cartons and boxes that offer a firm cushion while transporting and handling fresh fruits and vegetables, meat products, eggs, and bakery products, among other items, and they are one of the safest and most hygienic packaging options available in the market. Corrugated boards are clean and hygienic since they are manufactured at high temperatures. They maintain optimum moisture levels and prevent bacteria from growing, making them ideal for shipping perishable foods. This factor is expected to leverage the demand for corrugated boards from the food and beverage packaging industry in the forthcoming years.
    Based on application, the consumer durables segment held the second-most leading share in the global corrugated boards market in 2020. Consumer durables are a type of consumer goods that do not wear out quickly; as a result, they do not require frequent replacements. This category includes products such as furniture, sports equipment, and jewelry, among others. The packaging of such goods becomes particularly vital as they must arrive in pristine condition to the consumer. These items are frequently heavy and subject to mishandling during transportation. Moreover, these goods are susceptible to damages such as dents and scratches, affecting their appearance. As a result, the packaging is relatively difficult. The use of corrugated boards in the packaging of consumer durables protects them against damage and ensures safe transportation. Corrugated cartons and boards provide adequate protection from shock and vibration to the consumer durable goods in transit and warehousing. Manufacturers use thick-walled corrugated boards laminated with a plastic film to prevent the goods from moisture, scratches, and other damages. The increasing population and rising disposable income are driving the sales of consumer durables which is eventually driving the demand for corrugated boards from the consumer durables application segment.
    Asia-Pacific is estimated to register the fastest CAGR in the market over the forecast period. In Asia Pacific, there has been an increase in the consumption of corrugated board in various industries such as food and beverage, electronics and e-commerce. The rise in awareness regarding sustainable and cost-effective corrugated board packaging solutions, which can be used in transportation of products will boost the demand for corrugated board in the region. Along with this, an increase in awareness about the environment is expected to result in increased demand for greener packaging solutions driving the market growth. Various initiatives taken by the government to ban plastic packaging in several Asian countries are also expected to accelerate product consumption. In accordance with this, the rise in the demand for electronic goods, automotive parts, home care, and beauty & personal care products, from domestic and international markets, is leading to an increase in demand for corrugated boxes, thereby driving the corrugated board market growth.

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