The corrugated fiberboard market is anticipated to flourish at an average CAGR of 5.9% between 2023 and 2033. The market is expected to hold a market share of USD 187.9 billion by 2033 while the market is likely to reach a value of USD 105.9 billion in 2023.
Demand for combination flutes corrugated fiberboard grew at a significant pace in 2021 and it created an absolute USD opportunity of USD 24.4 billion in the same year, according to FMI. Besides, the top five key players held 10-15% of the corrugated fiberboard market share in 2022.
Corrugated fiberboard is non-toxic and 100% reusable. It is lightweight and has excellent shock-absorbing capacity. The corrugated fiberboard sheet is made up of paper. Due to such benefits, fiberboard carton packaging is estimated to gain traction in the global market.
Further, FMI predicts that the United States corrugated fiberboard market might expand by 1.8% in the forecast period.
Top 2 Trends Positively Influencing the Demand for Corrugated Fiberboard
Increasing Adoption of Sustainable Products
Corrugated fiberboard is considered to be the most recycled packaging material. It is not only recyclable but also renewable. Corrugated material can be reused in multiple ways and can be broken down easily. Also, it can be recycled up to 25 times and is capable of decomposing naturally. Thus, manufacturers are adopting corrugated fiberboard to accelerate sustainability and reduce carbon footprints in the environment.
Customers are also focusing on purchasing sustainable products with changing lifestyles and trends. As corrugated fiberboard is eco-friendly and free from toxic elements, it is gaining immense popularity globally.
Need to Reduce Overall Cost of Transportation
Corrugated fiberboard has a fluted structure, which provides it with high durability and strength. It also helps in preventing packaged items from external damage. It is lightweight and thus the overall shipment cost is reduced.
There are numerous companies hugely adopting corrugated fiberboard to lower transportation and logistics charges. In addition, corrugated fiberboard provides the benefits of customizability as printing and labeling can be done on the package, which functions as a promotional tool.
| Attributes | Details |
|---|---|
| Corrugated Fiberboard Market CAGR (2023 to 2033) | 5.9% |
| Corrugated Fiberboard Market Size (2023) | USD 105.9 billion |
| Corrugated Fiberboard Market Size (2033) | USD 187.9 billion |
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The global corrugated fiberboard market exhibited growth at a CAGR of 4.7% over the historical period of 2018 to 2022. However, the market for corrugated fiberboard is expanding at a significant pace due to ongoing economic development and the expansion of various industries.
Demand for corrugated fiberboard boxes in the e-commerce, transportation, pharmaceuticals, and food industries is consistently increasing owing to the numerous benefits of corrugated fiberboard boxes. To cater to the rising demand, manufacturers are surging their production capabilities.
Corrugated fiber boxes are raised in a wide range of industries due to their numerous properties such as lightweight, durable, and cost-effective nature. Eco-friendly corrugated fiberboard is reusable, can be recycled easily, and does not have any toxic effect on the environment in its entire life cycle.
The corrugated fiberboard market is likely to exhibit steady growth at 5.9% CAGR from 2023 to 2033 owing to the above-mentioned factors.
| Countries | Revenue Share % (2023) |
|---|---|
| The United States | 20.5% |
| Germany | 6.6% |
| Japan | 4.0% |
| Australia | 1.5% |
| North America | 22.1% |
| Europe | 16.0% |
| Countries | CAGR % (2023 to 2033) |
|---|---|
| China | 5.1% |
| India | 7.0% |
| The United Kingdom | 1.7% |
The Expansion of Postal Services to Boost Sales of Corrugated Fiberboard Sheets
As per the American Forest & Paper Association, the United States Postal Service (USPS) is a crucial service that is relied upon by many people living in the country. The mail system delivers around 39% of paper-based communications in the country.
In 2020, the USPS delivered more than 7.3 billion packages that contain paper-based packaging materials. Therefore, increasing demand for postal and transportation services in the United States is expected to propel the corrugated market during the assessment period.
Surging Online Purchases to Drive Demand for Corrugated Fiber Boxes in China
According to the Institute of Food Technologists (IFT), nearly 33% of food purchases are made online over more than 4,000 e-commerce platforms. Further, high consumer interest in purchasing vegetables, fruits, and dairy products online is leading to around 60% growth in fresh food e-commerce in the country.
It is expected that the e-commerce industry could drive the corrugated fiberboard market in China as it is prominently used as a packaging tool in the industry due to the aforementioned factors.
Principal Consultant
| Category | By FluteDType |
|---|---|
| Leading Segment | Combination Flutes |
| Market Share% (2022) | 26.2% |
| Category | By End Use |
|---|---|
| Leading Segment | E-commerce |
| Market Share% (2022) | 9.2% |
Demand for Corrugated Fiber Board with Combination Flutes to Gain Traction
Based on flute type, the combination flutes segment currently holds a high corrugated fiberboard market share. It held 26.2% of its share in 2022 and is expected to generate a healthy share of market share in the forecast period. As per FMI, the combination flutes segment is set to exhibit growth at a CAGR of 6.8% from 2023 to 2033.
High strength and thickness of combination flutes are expected to propel the segment. Also, double-wall combination flutes provide a good amount of strength, which helps in packing heavy materials. In addition, combination flutes are rigid and durable compared to other flute types. In the upcoming decade, these benefits are expected to push demand for combination flutes by 2.1x.
E-commerce Industry to Adopt Fiberboard Boxes in the Forthcoming Years
Based on end use, the global corrugated fiberboard market is segmented into food & beverages, e-commerce, pharmaceuticals, cosmetics & personal care, electrical & electronics, automotive, transportation & logistics, and textile. Out of these, the e-commerce segment held a share of nearly 9.2% in 2022 and exhibit growth at a CAGR of 8.0% from 2023 to 2033.
The notable expansion of the e-commerce industry owing to the surging adoption of smartphones, high convenience, and availability of great deals is anticipated to drive the segment. As packaging plays an important role in the e-commerce industry, the segment is projected to boost demand for corrugated fiberboards.
The global corrugated fiberboard market is highly fragmented and competitive with the presence of several local and regional companies. Moreover, key players are focusing on mergers & acquisitions, expansions, collaborations, and partnerships to strengthen their positions in the market. They are also developing new corrugated fiberboards to attract a large consumer base.
Recent Developments:
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In 2023, the market is expected to be worth USD 105.9 billion.
From 2018 to 2022, the global market thrived at a 4.7% HCAGR.
The market is expected to continue growth at an 5.9% CAGR until 2033.
The market share for the United States is set to be 20.5%.
The market is expected to be around USD 187.9 billion by 2033.
The sector for combination flutes contributes to 26.2% of the market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Flute Type 5.1. Flute A 5.2. Flute B 5.3. Flute C 5.4. Combination Flutes 5.5. Micro Flutes 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Board Type 6.1. Single Wall 6.2. Double Wall 6.3. Triple Wall 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 7.1. Food & Beverages 7.2. E-commerce 7.3. Pharmaceuticals 7.4. Cosmetics & Personal Care 7.5. Electrical & Electronics 7.6. Automotive 7.7. Transportation & Logistics 7.8. Textile 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Georgia-Pacific 18.2. W.E. Roberts 18.3. Stora Enso 18.4. Nuttall Packaging 18.5. Oji Holdings Corporation 18.6. Corrugated Packaging Alliance 18.7. Fencor Packaging Group Limited 18.8. Durham Box 18.9. ABBE CORRUGATED 18.10. Board24 18.11. Smurfit Kappa 18.12. Mondi 18.13. Jaineeket Enterprises 18.14. Shanghai Lehui Packaging and Printing Co., Ltd. 19. Assumptions & Acronyms Used 20. Research Methodology
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Corrugated Fiberboard Market
