The corrugated board category is expected to grow at a CAGR of 6.8% from 2023 to 2030. APAC region accounts for the largest share of the category. Increasing spending power and growing urbanization are boosting the growth of this category. Companies are constantly developing new technology for efficient production and increased efficiency. Digitalization and technological advancements such as AI, blockchain technology, IoT, and digital printing are shaping the category with innovations.
The Ireland-based company, Smurfit Kappa, is creating a variety of innovative products and introducing them to the market. One of its kind is the launch of multifunction printers that can do both digital printings as well as flexographic and allows printing alongside the packaging material. This has resulted in increased sales and flexibility to alter as per client’s requirements.
Type-C flute segment dominates the market owing to its characteristic property of higher compression and more durable stacking strength than the B type. It is utilized for furniture packaging, glass, and shipping cases. Owing to less utilization of fiber materials, it facilitates high load-bearing capacity.
Companies are continuously focusing on partnering or developing their own technology. For instance,
• In 2022, a Menasha Corporation subsidiary, the Menasha Packaging Company signed a contract to buy the assets of color-box, an L.L.C. business unit from Georgia-Pacific, which manufactures high-graphic boxes. This collaboration will allow them to reach clients with more designs, graphics, and structural packaging options.
• In August 2021, DS Smith, as a part of Blaue Helden’s e-commerce packaging design, developed a 100% recyclable packaging solution for e-commerce. It offers eco-friendly cleaning tabs from Blaue Helden that have a more appealing packaging design with no plastic filling material.
• In March 2021, International Paper acquired two corrugated plants in Spain. This has allowed them to expand operations in Catalonia and Madrid. The company is focused on high-quality packaging solutions for e-commerce, and vegetable & fruit packaging in the EMEA region.
• In February 2021, BCoolBox, a new product of Mondi features a thermo insulation packaging solution to keep fresh foods and produce cold without having any external sources for cooling of items. This has the capacity to keep produce below 7 degrees for about 24 hours of duration.
Order your copy of the Corrugated Board Procurement Intelligence Report, 2023 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
Category growth is expected to be fueled by the increasing awareness and environmental concerns related to the use of plastic packaging. The utilization of corrugated boards in varied industries like food & beverages, shipping, healthcare, e-commerce, and consumer goods is a key factor driving the growth trend in this category. The rising demand for an innovative corrugated board is attributed to its advantageous features, including high graphics boxes, thermo-insulating packaging, and e-commerce packaging solutions.
Corrugated Board Sourcing Intelligence Highlights
• There are many small and major competitors operating in various countries, creating a fragmented market for corrugated boards globally. Competition is intense amongst the competitors as they try to take the lead by continuous R&D to develop new technologies, make strategic alliances, and have mergers and acquisitions to increase their consumer base and enhance customer service.
• The suppliers of raw materials in this category such as Kraft paper, corn starch, and steel wires have increased over time, reducing the supplier’s bargaining power to some extent
• Kraft Paper, labor, and cornstarch used for making glue form the most significant cost component in the category. The overall cost also depends on the type of flute used such as A, B, C, E, F, and other types
• Most service providers offer complete services from designing, customization, delivery, and others
List of Key Suppliers
• DS Smith
• Smurfit Kappa
• WestRock Company
• Mondi
• Packaging Corporation of America
• Stora Enso
• International Paper
• Georgia-Pacific
• Oji Holdings Corporation
• Port Townsend Paper Company
Browse through Grand View Research’s collection of procurement intelligence studies:
• Blow Molding Plastic Packaging Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
• Blister Packaging Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Corrugated Board Procurement Intelligence Report Scope
• Corrugated Board Category Growth Rate: CAGR of 6.8% from 2023 to 2030
• Pricing Growth Outlook: 20% - 25% (Annually)
• Pricing Models: Cost plus pricing model, and market-based pricing model
• Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence
• Supplier Selection Criteria: By type, operating capability, quality measures, technology, certifications, regulatory compliance, and others
• Report Coverage: Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
• Market Intelligence involving – market size and forecast, growth factors, and driving trends
• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
According to the production process of corrugated board, the corrugated board production line consists of two relatively independent wet end equipment and dry end.
The wet end equipment mainly includes base paper support, automatic paper splicing machine, preheating pre-conditioning, single-sided corrugating machine, Paper flyover, gluing machine, double-sided machine, etc., wet end equipment converts the corrugated base paper from different corrugated cardboard; dry end equipment mainly includes rotary cutting machine, longitudinal cutting and creasing machine, horizontal cutting machine, stacking Machine waiting.Corrugated board production line is the corrugated cardboard box key production equipment manufacturers, corrugated box business in the face of increasingly fierce market competition, face corrugated boxes multi-standard customer orders, small quantity, fast delivery, the need to improve the automation of corrugated board production lines, improve The production management level of the corrugated cardboard production line is to improve quality, improve efficiency, save energy, save manpower, reduce supply, and reduce waste.
Cadre equipment is the key to achieving this goal, including the comprehensive management of the cadres who handle the old production line equipment of the corrugated cardboard box enterprise.
Upgrade, the new production line should be equipped with automatic cadre equipment and production management system.working principleThe corrugated board production line is the abbreviation of the corrugated board production line.
It is an assembly line formed by the processes of pressing corrugated, gluing, gluing, separating paper, cutting into size boards, and finally outputting.
Cardboard, cardboard production does not require drying, and it can be used at the same time as a glue machine or a veneer, which can produce more than three layers of corrugated cardboard.Wet end equipment configurationThe wet end equipment is the key equipment for corrugated paper forming in the corrugated paper production line.
5th September, 2018 - The Worldwide Corrugated Container Board Market is expected to witness enormous expansion owing to the fact that packaging industry has seen huge growth over the last few years.
The growth of packaging industry is driven by many factors one of which is increasing demand for packaging solutions by food and beverage industry over the last few years.
The increasing growth in the export of commodity in the developing and developed regions of the world is fuelling the growth of global bulk container packaging industry which in return is expected to fuel the growth of Global Corrugated Container Board industry over the forecast period.
Increasing demand for packaging solutions by the rigid industrial products over the last few years is fuelling the growth of this market over the last few years.
One of the main drivers of global corrugated container board market is growth in e-commerce industry over the last few years which are also fuelling the growth of packaging industry.Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/corrugated-container-board-market/request-sampleThe significant growth in transport packaging is also fuelling the growth of global corrugated containerboard market over the last few years owing to the fact that many companies have find transport packaging as the distinctive and significant opportunity for their solutions.
The increasing realization in developed and developing countries over the last few years is also fuelling the expansion of global corrugated container board market.
Corrugated Board Packaging Market report delivers an overview and Outlook of the market trends, drivers, and barriers with respect to the competitive landscape.
It also provides a detailed overview of the market of different regions globally.
Furthermore, the Corrugated Board Packaging market report contains a primary overview of the Corrugated Board Packaging market covering different product definitions, classifications, and participants in the industry chain structure.Standing at a current market value of USD 278.4 billion in 2020, the corrugated board packaging market is expected to show a rise in the market value of USD 370.9 billion by the year 2028.
Also, the market is expected to exhibit a CAGR of 4.9% for the forecast period of 2021-2028.Under the COVID-19 outbreak analysis, the Corrugated Board Packaging Market study investigates the value chain, provincial government strategy, fare control, import, and future impact on the business.
It further elucidates about venture rivalry with an example, market status, potential hindrances of the market, points of interest and industry improvement patterns, macroeconomic approaches, territorial attributes, and production details.
Corrugated Board Packaging Market analysis includes top to bottom investigation on how the COVID-19 will affect this industry with potential changes.Interpret a Competitive Outlook Analysis with Sample Report: https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-corrugated-board-packaging-marketCorrugated Board Packaging Market Country Level AnalysisThe countries covered in the corrugated board packaging market report are U.S., Canada and Mexico in North America, Peru, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).Key Players: Global Corrugated Board Packaging MarketAriba & Company, Cascades inc., DS Smith, Koch Industries, Inc., International Paper., Klabin S.A., Klingele Papierwerke GmbH & Co. KG, Mondi, Nine Dragons Worldwide (China) Investment Group Co., NIPPON PAPER INDUSTRIES CO., LTD., Oji Holdings Corporation., Orora Packaging Australia Pty Ltd, Packaging Corporation of America, Rengo Co., Ltd., Sealed Air, Smurfit Kappa, Waterman (Box Makers) Ltd., Bharath Paper Conversions., Fine Packaging CompanyMAJOR TOC OF THE REPORTPart One: Corrugated Board Packaging Market OverviewPartTwo: Manufacturers ProfilesPartThree: Global Corrugated Board Packaging Market Competition, by PlayersPartFour: Global Corrugated Board Packaging Market Size by RegionsPartFive: Global Corrugated Board Packaging Market Revenue by CountriesPartSix: Global Corrugated Board Packaging Market Revenue by Product Type (Single Faced, Single Wall, Twin wall and Triple Wall)PartSeven: Global Corrugated Board Packaging Market Revenue by Box Style (Folding Box, Slotted Box, Telescopic Box and Rigid Box)PartEight: Global Corrugated Board Packaging Market Revenue by Application (Food and Beverages, Electronic Goods, Pharmaceuticals, Beauty and Personal Care, Automobile, Health and Hygiene and Consumer Goods)PartNine: Global Corrugated Board Packaging Market Revenue by End-Use (Food and Beverage Industry, Pharmaceutical Industry, Electrical Industry and Others)Get Detail TOC@ https://www.databridgemarketresearch.com/toc/?dbmr=global-corrugated-board-packaging-marketKey Insights in the report:Complete market analysis and forecastingMarket definition, understanding the concept of corrugated board packagingMarket drivers and restraints of the industryMarket segmentations and market share divided amongst themKey players in the market and their analysisKey Questions Answered in Report:What is the key to the Corrugated Board Packaging Market?What will the Corrugated Board Packaging Market Demand and what will be Growth?What are the latest opportunities for Corrugated Board Packaging Market in the future?What are the strengths of the key players?ViewComplete Report @ https://www.databridgemarketresearch.com/reports/global-corrugated-board-packaging-marketNOTE: Our team is studying COVID19 and its impact on various industry verticals and wherever required we will be considering Covid19 footprints for a better analysis of markets and industries.
Corrugated Board Packaging Market report delivers an overview and Outlook of the market trends, drivers, and barriers with respect to the competitive landscape.
It also provides a detailed overview of the market of different regions globally.
Furthermore, the Corrugated Board Packaging market report contains a primary overview of the Corrugated Board Packaging market covering different product definitions, classifications, and participants in the industry chain structure.Standing at a current market value of USD 278.4 billion in 2020, the corrugated board packaging market is expected to show a rise in the market value of USD 370.9 billion by the year 2028.
Also, the market is expected to exhibit a CAGR of 4.9% for the forecast period of 2021-2028.Under the COVID-19 outbreak analysis, the Corrugated Board Packaging Market study investigates the value chain, provincial government strategy, fare control, import, and future impact on the business.
It further elucidates about venture rivalry with an example, market status, potential hindrances of the market, points of interest and industry improvement patterns, macroeconomic approaches, territorial attributes, and production details.
Corrugated Board Packaging Market analysis includes top to bottom investigation on how the COVID-19 will affect this industry with potential changes.Interpret a Competitive Outlook Analysis with Sample Report: https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-corrugated-board-packaging-marketCorrugated Board PackagingCorrugated Board Packaging Market Country Level AnalysisThe countries covered in the corrugated board packaging market report are U.S., Canada and Mexico in North America, Peru, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).Key Players: Global Corrugated Board Packaging MarketAriba & Company, Cascades inc., DS Smith, Koch Industries, Inc., International Paper., Klabin S.A., Klingele Papierwerke GmbH & Co. KG, Mondi, Nine Dragons Worldwide (China) Investment Group Co., NIPPON PAPER INDUSTRIES CO., LTD., Oji Holdings Corporation., Orora Packaging Australia Pty Ltd, Packaging Corporation of America, Rengo Co., Ltd., Sealed Air, Smurfit Kappa, Waterman (Box Makers) Ltd., Bharath Paper Conversions., Fine Packaging CompanyMAJOR TOC OF THE REPORTPart One: Corrugated Board Packaging Market OverviewPartTwo: Manufacturers ProfilesPartThree: Global Corrugated Board Packaging Market Competition, by PlayersPartFour: Global Corrugated Board Packaging Market Size by RegionsPartFive: Global Corrugated Board Packaging Market Revenue by CountriesPartSix: Global Corrugated Board Packaging Market Revenue by Product Type (Single Faced, Single Wall, Twin wall and Triple Wall)PartSeven: Global Corrugated Board Packaging Market Revenue by Box Style (Folding Box, Slotted Box, Telescopic Box and Rigid Box)PartEight: Global Corrugated Board Packaging Market Revenue by Application (Food and Beverages, Electronic Goods, Pharmaceuticals, Beauty and Personal Care, Automobile, Health and Hygiene and Consumer Goods)PartNine: Global Corrugated Board Packaging Market Revenue by End-Use (Food and Beverage Industry, Pharmaceutical Industry, Electrical Industry and Others)Get Detail TOC@ https://www.databridgemarketresearch.com/toc/?dbmr=global-corrugated-board-packaging-marketKey Insights in the report:Complete market analysis and forecastingMarket definition, understanding the concept of corrugated board packagingMarket drivers and restraints of the industryMarket segmentations and market share divided amongst themKey players in the market and their analysisKey Questions Answered in Report:What is the key to the Corrugated Board Packaging Market?What will the Corrugated Board Packaging Market Demand and what will be Growth?What are the latest opportunities for Corrugated Board Packaging Market in the future?What are the strengths of the key players?ViewComplete Report @ https://www.databridgemarketresearch.com/reports/global-corrugated-board-packaging-marketNOTE: Our team is studying COVID19 and its impact on various industry verticals and wherever required we will be considering Covid19 footprints for a better analysis of markets and industries.
