CATEGORY
Corrugated Boards
Corrugated board is a multi-layer board, a combination ofvarious types of corrugated paper i.e. linerboard , fluting depending on the end use application. Corrugates are majorly used as a tertiary packaging material to ensure safety and avoid material damage during transportation.
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Savings Achieved
(in %)
The average annual savings achieved in Corrugated Boards category is 4.20%
Payment Terms
(in days)
The industry average payment terms in Corrugated Boards category for the current quarter is 86.3 days
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Lead Time
Supplier Diversity
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Financial Risk
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AMEs
Geopolitical Risk
Cost Optimization
Price per Unit Competitiveness
Specification Leanness
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As per Beroe's analysis, the global capacity of the corrugated packaging industry was valued at 187 MMT in 2017, while global demand was 159 MMT with expected growth at a CAGR of 3.5 ' 4 percent.
As per Beroe's analysis, the global capacity of the corrugated packaging industry was valued at 187 MMT in 2017, while global demand was 159 MMT with expected growth at a CAGR of 3.5 ' 4 percent.
The corrugated packaging industry report indicates that the demand by the end-use industry is processed foods - 25%, board to sheet plants - 13%, fresh food and produce - 9%, beverages - 7%, paper products - 6%, and others - 40%.
The corrugated packaging industry report indicates that the demand by the end-use industry is processed foods - 25%, board to sheet plants - 13%, fresh food and produce - 9%, beverages - 7%, paper products - 6%, and others - 40%.
As per Beroe's report, the raw material is a major component in the industry which contributes nearly 65 to 75 percent of the total production cost in the corrugated packaging industry.
As per Beroe's report, the raw material is a major component in the industry which contributes nearly 65 to 75 percent of the total production cost in the corrugated packaging industry.
The top suppliers of the industry include the following names: International Paper WestRock Georgia-Pacific PCA
The top suppliers of the industry include the following names: International Paper WestRock Georgia-Pacific PCA
According to Beroe's, the top five global containerboard producers from 2017 included: International Paper Nine Dragons WestRock Smurfit Kappa Group Lee and Man
According to Beroe's, the top five global containerboard producers from 2017 included: International Paper Nine Dragons WestRock Smurfit Kappa Group Lee and Man
Ideally, the payment terms fall in the bracket of 60 to 90 days. However, buyers with huge buying volumes and a consolidated purchasing model also prefer 120 days.
Ideally, the payment terms fall in the bracket of 60 to 90 days. However, buyers with huge buying volumes and a consolidated purchasing model also prefer 120 days.
In the corrugated board market, the average contract period is between one to three years. Nearly 65 ' 75 percent cost is linked to an index of pulp or OCC prices, usually on a quarterly basis.
In the corrugated board market, the average contract period is between one to three years. Nearly 65 ' 75 percent cost is linked to an index of pulp or OCC prices, usually on a quarterly basis.
According to Beroe, the average production size of Europe is the highest with a valuation of 39.39 MMT. The next-in-line is captured by North America with 38.21 MMT followed by Latin America (LATAM) having the least with 10.98 MMT.
According to Beroe, the average production size of Europe is the highest with a valuation of 39.39 MMT. The next-in-line is captured by North America with 38.21 MMT followed by Latin America (LATAM) having the least with 10.98 MMT.
Following the insights from Beroe's report, the following are the major key indices which are used for price determination in the industry are: AFPA RISI EUWID Foex
Following the insights from Beroe's report, the following are the major key indices which are used for price determination in the industry are: AFPA RISI EUWID Foex
According to Beroe's, an integrated manufacturing facility offers the following benefits in the corrugated industry: Provides more scope to design innovative products Have better logistics solution Serves customers in a better way Continuous supply of paper (even during market fluctuation) Customers can customize products based on quantity and varying specifications
According to Beroe's, an integrated manufacturing facility offers the following benefits in the corrugated industry: Provides more scope to design innovative products Have better logistics solution Serves customers in a better way Continuous supply of paper (even during market fluctuation) Customers can customize products based on quantity and varying specifications
As per the corrugated packaging market trends report shared by Beroe, the three industries that play a vital role in the overall growth of the industrial and machinery sectors are: Automobile industry Chemical industry Paper and packaging industry
As per the corrugated packaging market trends report shared by Beroe, the three industries that play a vital role in the overall growth of the industrial and machinery sectors are: Automobile industry Chemical industry Paper and packaging industry
Corrugated Boards market report transcript
Corrugated Boards Market Analysis and Global Outlook
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Containerboard Demand is expected to grow by around 3–4 percent from 2023 to 2027, mostly driven by E-Commerce and the recovery of manufacturing output almost to the pre-pandemic levels.
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The COVID-19 pandemic has accelerated the demand from E-commerce, due to shift in consumer buying behavior, thus pushing the demand for corrugated boxes. Growing emphasis on sustainability among buyers is also driving the demand for corrugated boxes, which have the highest level of sustainability. On the supply front, there are rapid capacity expansions happening globally, especially due to the decline in the graphic paper industry and mills are converting paper machines to produce containerboard
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Containerboard demand witnessed a steep surge in North America and Europe, while moderate growth was seen in Asia, due to weaker demand from China in 2022
Value Chain for Corrugated Containers
An integrated manufacturing facility provides more scope to design innovative products, have better logistics solution, and serve customers in a better way. Apart from these, an integrated facility has other benefits which extends to the customers as well. These include:
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Continuous supply of paper, even during market fluctuation
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The scope to customize products based on quantity and varying specifications as demanded by the customers
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Innovating through the entire supply chain to be more sustainable and cost-effective
Global Corrugates Market
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Containerboard demand is expected to grow by around 3–4 percent from 2023 to 2027, mostly driven by demand from segments, like E-Commerce, Retail, Food and Beverages
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The COVID-19 pandemic has accelerated the demand from e-commerce, due to shift in consumer buying behaviors, thus pushing the demand for corrugated boxes. Growing emphasis on sustainability among buyers is also driving the demand for corrugated boxes, which have the highest level of sustainability
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On the supply front, there are rapid capacity expansions happening globally, especially due to the decline in the graphic paper industry, and mills are converting paper machines to produce containerboard
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Stringent initiatives and regulations are expected toward environmental protection, and demand for corrugated boxes is expected to increase in the coming years, owing to the usage of recycled materials
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Containerboard oversupply is expected in the next few years from a bulge of new announced capacity projects planned in markets around the world. Most of the announced capacities are pre-dominantly on the recycled segment due to increasing shift towards sustainability
Global Demand Outlook
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Significant demand will be from the e-commerce and manufacturing industries, which require secondary corrugated packaging for safe transportation of goods
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Innovations in flute types, as well as printing techniques, resulting in high decorative boards, will extend the containerboard’s use in folding carton applications. Corrugated packaging as POS displays will drive the growth of high-end corrugated boxes
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We expect global demand growth rates to be around 3–4 percent from 2023 to 2027, driven by end-use segments, such as e-commerce, retail, food and beverage, manufacturing sectors
Demand by Region
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There is a global demand rebound from COVID-19 pandemic experienced since start of Q4 2020 and demand levels are expected to growth in both matured and developed regions
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Rapid increase in demand is expected in the APAC, where growth is expected to outpace the global average
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India and China are expected to witness gain through strong industrial output and consumer product market growth
Cost Structure Analysis
- Pulp, which may be virgin or recovered, along with the chemicals used, are major components in the total cost of board, as it forms 60–65 percent of the total board cost. The price fluctuations of raw materials differ from market to market. Labor cost forms a significant portion of the overall price of board, hence, prices would vary depending on the regional availability of the labor
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Why You Should Buy This Report
- Information about the corrugated packaging market size, trends, value chain, drivers and constraints, price drivers and global corrugated industry outlook.
- Regional corrugated packaging industry report of Asia, Europe, China, etc. including PESTEL and Porter’s five force analysis.
- Supplier profiles of major players like International Paper, WestRock, Georgia-Pacific, etc.
- Cost structure analysis and major innovations in the corrugated packaging market and best procurement practices.
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