Corrugated Fiberboard Market : Lightweight, Durable, And Cost-Effective Benefits The Market Expansion

Corrugated Fiberboard Market Overview

According to a recent survey conducted by ChemView Consulting, the Global Corrugated Fiberboard Market grew at a CAGR of 4.6% between 2017-2021 and is estimated to be US$ 84,632.1 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of  5.3% and is expected to reach a valuation of US$ 1,41,846.6 Mn by 2032 end.

Corrugated fiberboard boxes are in high demand in the e-commerce, transportation, pharmaceutical, and food sectors due to their many advantages. Manufacturers are expanding their manufacturing capacities to meet the growing demand.

ChemView Consulting has analyzed that Corrugated fiberboard boxes have many benefits, such as being lightweight, durable, and cost-effective. Besides, the demand for corrugated fiberboard boxes is steadily increasing due to the rising industries and markets from different areas like e-commerce, transportation, pharmaceuticals, and food industries. Manufacturers are surging their production capabilities for corrugated fiberboard boxes to meet the wider demand. Also, corrugated fiberboard is reusable in its entire life cycle as it is eco-friendly and can be recycled easily without any toxic environmental effects.

Besides, corrugated fiber boards are used in many industries due to their numerous properties, such as their lightweight, durable, and cost-effective nature. They do not create any toxic effect on the environment in its entire life cycle.

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Segments Covered in Report

By Flute Type:

  • Flute A
  • Flute B
  • Flute C
  • Combination Flutes
  • Micro Flutes

By Board Type:

  • Single Wall
  • Double Wall
  • Triple Wall

By End Use:

  • Food & Beverages
  • E-commerce
  • Pharmaceuticals
  • Cosmetics & Personal Care
  • Electrical & Electronics
  • Automotive
  • Transportation & Logistics
  • Textile

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Key Takeaways from the Corrugated Fiberboard Market

  • Based on the Combination Flutes, The sector with combination flutes currently has the largest market share for corrugated fiberboard in terms of flute type. It had a 25.9% market share in 2021 and is anticipated to generate a 29.1% market share during the projected period. The segment is expected to grow due to the combined flutes’ high strength and thickness.
  • Based on the End Use, The e-commerce segment was expected to produce a share of almost 11.0% of these during the projected period. The feature is expected to be driven by the e-commerce sector’s rapid rise due to smartphone usage, high levels of convenience, and fantastic offers. Since packaging is crucial to the e-commerce sector, it is anticipated that this market will increase demand for corrugated fiberboards.
  • Based on Region, the Asia Pacific market held a sizeable revenue share of 47.2%. In Fresh food, e-commerce in the nation is expanding by over 60.0% due to the high consumer interest in buying fruits, vegetables, and dairy products online.

Competition Summary

Key companies covered in the market study are Georgia-Pacific, W.E. Roberts, Stora Enso, Nuttall Packaging, Oji Holdings Corporation, Corrugated Packaging Alliance, Fencor Packaging Group Limited, Durham Box, ABBE CORRUGATED, Board24, Smurfit Kappa, Mondi, Jaineeket Enterprises, Shanghai Lehui Packaging and Printing Co., Ltd.

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Report Key Highlights and Coverage

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.

About ChemView Consulting

ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have been collaborating with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.

What sets ChemView Consulting apart?

  • Full-time research experts and subject matter experts
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