What is Corrugated Fiberboard Market?
Corrugated fibreboard is made up of corrugated paperboard and a combination of other raw materials such as adhesives and waxes. It contains rows of open-air columns inside the walls of the two or more layers. The ridges inside the wall offer strength and flexibility, which makes it ideal for packaging. It is particularly used due to its strength & durability. The growing E-commerce industry has witnessed its highest demand again due to the properties of corrugated fiberboard and cost-efficient feature. Also, it is bio-degradable & reusable hence, its giving strength to sustainable packaging. In the Philippines, as in other Southeast Asian countries, there continues to be strong economic growth, and there has been a market expansion in the packaging materials market with the increase in domestic consumption, which will further increase demand for corrugated fiberboard.
The market study is being classified by Type (Single Face, Single Wall, Double Wall and Triple Wall), by Application (Packaging (Boxes, Containers), Logistics and Other) and major geographies with country level break-up.
Mindanao Corrugated Fibreboard Inc. (Philippines), UPPC (Philippines), WAND Inc. (Philippines), Tosi Jasindo (Philippines), Georgia-Pacific (United States), W. E. Roberts Group (United Kingdom), Fencor Packaging Group Limited (United Kingdom), T.G. Nuttall Packaging Limited (United Kingdom), Great Little Box Company Ltd. (Canada), Durham Box (United Kingdom) and ABBE Corrugated (Australia) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Boxmaster (Canada), Board24 (United Kingdom), International Paper Company (United States), Nine Dragons Paper (Holding) Limited (China), Mondi Group (Austria) and Smurfit Kappa Group (Ireland).
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Corrugated Fiberboard market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Corrugated Fiberboard market by Type, Application and Region.
On the basis of geography, the market of Corrugated Fiberboard has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Awareness among Consumers Regarding the Usage of Environment-Friendly Products
- Government Initiatives for Stimulating Eco-Friendly Packaging Materials
- Lower Raw Material Costs, Lower Labor Costs, and Lower Machinery Expenses
- Increase in International Trade, Demand for Packaging
- Fit-To-Product (Ftp) or Box-On-Demand Systems
- High Establishment Cost of the Manufacturing Unit of Corrugated Fiberboard
- Certain Limitation Such As Low Strength and Poor Barrier Properties of Corrugated Material
- Increase in the Ecommerce Industry owing to Online Shopping
- Opportunities for New Market Entrants owing to Government Supports
- Regulations on Deforestation and Use of Paper Processing Chemicals
In February 2020, Mondi Group partnered with Cartro, Mexican corrugated packaging company, to deliver sustainable packaging solutions for fresh produce. and In March 2020, International Paper has entered into an agreement to sell its Brazilian corrugated packaging business to Klabin S.A. for Brazilian Real 330 million, with 280 million to be paid at closing and 50 million one year thereafter where the business includes three containerboard mills and four box plants.
The numerical code system, known as the International Fibreboard Case Code, was developed by the European Federation of Corrugated Board Manufacturers (FEFCO) in collaboration with the European Solid Board Organisation (ESBO) to avoid confusion when communicating in different languages.
Key Target Audience
Corrugated Fiberboard Manufacturers, Raw Material Suppliers, Traders/Exporters/Importers, Packaging Industry, End-Use Industries and Others
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