Market Overview and Dynamics

The corrugated boards market in Europe is expected to grow US$ 21,931.55 million in 2021 to US$ 30,718.13 million by 2028; it is estimated to grow at a CAGR of 4.9% from 2021 to 2028. Corrugated packaging materials are used in the secondary and tertiary packaging of nondurable and durable goods, such as food and beverages products, consumer durables, electricals and electronics appliances, paper, chemicals, personal care and household products, agriculture products, forestry and fishing products, and plastic and rubber products. Corrugated boards are among the cost-efficient and versatile packaging solutions that help protect a wide range of products, especially during transport. These boards are lightweight, rigid, biodegradable, and recyclable, which makes them an integral component in the packaging industry. A substantial rise in the demand for the fast-moving consumer goods (FMCG) and branded consumer durables across the world is bolstering the use of corrugated boards for packaging. Corrugated boards are extensively used across the food & beverages industry to pack processed food items such as bread, snacks, ready-to-eat (RTE) meals, and meat products; fruits; durable food products; and beverages. For instance, food service outlets are using corrugated boxes for packaging pizza. Shift in consumer lifestyle, along with the growing demand for convenience food, is driving the need for catering and high-quality packaging services, which fuels the growth of the corrugated boards market. In addition, there has been an increased focus on innovations in the corrugated boards used for food products. For instance, the company THIMM Group, a solution provider for the packaging and distribution of goods, developed “COOLandFREEZE,” a box made of corrugated cardboard for temperature-controlled shipping that enables the joint transport of non-refrigerated, frozen, and chilled products within one package. Thus, the growing demand for corrugated boards in various applications drives the growth of the corrugated board market.

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Market Introduction

Europe comprises several developing economies such as Germany, Russia, France, the UK, and Italy. Europe is considered to be one the largest market for corrugated board in the world due to wide product application scope in the regional processed food and electronics industries. The food processing industry is the European Union (EUs) is one of the biggest manufacturing sectors. The EU boasts an important trade surplus. According to the European Commission, EU food and drink exports have doubled, reaching over €90 billion (US$ 101.71) in the last 10 years. The increase in exports has led to an increase the demand for corrugated packaging of food products, which will enable safe and fresh transportation of food products. According to the European Federation of Corrugated Board Manufacturers (FEFCO), a non-profit organization representing the interests of the industry across Europe, more than 40% of the corrugated packaging is used to pack food products in Europe.

Several industrial bases such as electronics, automotive, food and beverage, and other industrial sectors have been impacted by the pandemic, which has negatively impacted the demand for corrugated board in the regional market. However, the increase in the use of e-commerce retail sites during the pandemic supported the corrugated board market growth to an extent. The gradual upliftment of lockdown restrictions in certain countries in Europe will facilitate the recovery of various industries and logistics operations and will have a positive impact on the corrugated board market.

Key Market Segments

In term of application, food and beverages segment held a larger market share of the corrugated boards market in 2020. Further based on food and beverages, process food industry segment held a larger market share of the corrugated boards market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the corrugated boards market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Klabin S.A.; International Paper; Arcor; Mondi; NIPPON PAPER INDUSTRIES CO., LTD.; Smurfit Kappa; Klingele Papierwerke GmbH & Co. KG; and WestRock Company among others.

Reasons to buy report

• To understand the Europe corrugated boards market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe corrugated boards market
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• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe corrugated boards market
• Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.

Europe Corrugated Boards Market – Companies Mentioned

• Klabin S.A.                                                                            
• International Paper                                                            
• Arcor                                                                                     
• Mondi                                                                                    
• NIPPON PAPER INDUSTRIES CO., LTD.                            
• Smurfit Kappa                                                                      
• WestRock Company   
• Klingele Papierwerke GmbH & Co. KG 

Europe Corrugated Boards Strategic Insights

Strategic insights for the Europe Corrugated Boards provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

key company profiles

  Klabin S.A.

  International Paper

  Arcor

  Mondi

  NIPPON PAPER INDUSTRIES CO., LTD.

  Smurfit Kappa

  WestRock Company

  Klingele Papierwerke GmbH & Co. KG

Europe Corrugated Boards Regional Insights

The geographic scope of the Europe Corrugated Boards refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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Author's Bio
Akshay
Senior Market Research Expert at Business Market Insights