The global micro flute paper market size is expected to surge at a CAGR of 5.1% during the forecast period 2023 to 2033. The market value is projected to increase from US$ 2,658 million in 2023 to US$ 4,370 million by 2033.
| Attributes | Key Insights |
|---|---|
| Global Micro Flute Paper Market Estimated Size (2023E) | US$ 2,658 million |
| Projected Market Valuation (2033F) | US$ 4,370 million |
| Value-based CAGR (2023 to 2033) | 5.1% |
| Collective Value Share: Top 5 Countries (2023E) | 50 to 55% |
The total sales of micro flute paper were valued at US$ 2,526 billion globally at the end of 2022. It is anticipated to exhibit a y-o-y growth of 5.2% in 2023. The food & beverage segment by end-use is poised to account for over 60% of market share in terms of value by the end of 2022 globally.
E flute micro flute papers, occupying around 2/3rd of the market, are anticipated to dominate the global micro flute paper industry based on product type. The segment is expected to rise at a CAGR of about 4.9% over the forecast period.
The market for micro flute paper is expected to experience a lucrative growth outlook during the assessment period. A new estimation predicts that sales of the micro flute paper market will rise from 2023 to 2033 and are projected to create a total financial potential of US$ 1,844.3 million. The market is predicted to expand 1.6x times the current value during the forecast period.
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The global micro flute paper market expanded at a CAGR of 3.9% during the historical period. It stood at a market value of US$ 2,526 million in 2022 from US$ 2,168 million in 2018.
| Historical CAGR (2018 to 2022) | 3.9% |
|---|---|
| Forecast CAGR (2023 to 2033) | 5.1% |
The increasing environmental awareness among modern consumers has led to a rising need for sustainable packaging solutions, thereby driving the market during the historical period. Micro flute paper emerged as an appealing choice for businesses aiming to lower their carbon footprint owing to its lightweight nature, biodegradability, and recyclability.
The material, in most cases, is crafted from a blend of recycled paper and virgin fiber. It helps in effectively minimizing waste in the manufacturing process and further pushing the market upwards.
Principal Consultant
Increasing Demand for Shelf-ready Packaging to Push Sales
The section below highlights the CAGRs of the leading countries in the ultraflute paper market. The three main countries in the region include India, China, and the United States. According to the micro corrugated board analysis, India is set to lead the demand for the micro flute paper market by showcasing a CAGR of 6.9% in the forecast period. The country is anticipated to be followed by China and the United States, with CAGRs of 6.6% and 5.1%, respectively.
| Countries | CAGR (2023 to 2033) |
|---|---|
| United States | 5.1% |
| Canada | 4.9% |
| China | 6.6% |
| India | 6.9% |
| Germany | 3.1% |
The growth of the micro flute paper market will likely increase at a CAGR of 5.1% during the forecast period in the United States, in contrast to the CAGR of 4.1% exhibited during the historical period.
The growth is mainly driven by the consistent packaging innovations in the food & beverage industry across the United States. An increasing number of businesses and consumers looking for eco-friendly packaging solutions would also augment demand.
For instance, in a study conducted by the World Wildlife Fund (WWF), searches pertaining to sustainable goods increased by over 70% in the last five years. The demand is estimated to be further driven by regulatory changes aimed at reducing the use of non-recyclable packaging materials. The growing awareness of environmental issues among consumers is expected to drive demand.
India’s micro flute paper market is estimated to showcase a CAGR of 6.9% in the assessment period. It expanded at a decent CAGR of 4.8% in the historical period.
The growth is mainly in conjecture with the flourishing food & beverage industry in India. It is expected to consistently grow in the forecast years, driven by factors such as population growth, rising disposable income, and changing dietary habits. According to data from the National Restaurant Association of India (NRAI), the country’s food & beverage industry is growing at over 10% per annum.
The government of India has also implemented regulations aimed at reducing the use of single-use plastics. It will likely boost demand for alternative packaging materials such as micro flute paper.
China’s micro flute paper market is expected to witness a CAGR of around 6.6% from 2023 to 2033. It grew at an average CAGR of 4.8% from 2018 to 2022.
The demand for micro-corrugation paper in China is projected to surge at a fast pace through 2033. This growth is attributed to the ongoing e-commerce activities in the country. The rising shift of modern consumers toward online shopping is set to augment the need for lightweight corrugated paper as it is environmentally friendly and lightweight.
As per the International Trade Administration, China surpassed the United States as the top e-commerce market in 2021, bringing in US$ 1.5 trillion in revenue. In 2021, the nation's cross-border e-commerce imports and exports reached US$ 273 billion, a 15% rise.
The growth of the micro flute paper market will likely increase at a CAGR of 4.9% during the forecast period in Canada, in contrast to the CAGR of 2.5% exhibited during the historical period.
Ongoing expansion of the retail sector in Canada, including the development of shopping malls and brick-and-mortar stores, is projected to drive demand for fluted paper products. As the retail sector provides a wide range of products with varying packaging needs, micro flute paper demand would surge. Increasing demand for consumer goods and electronics is expected to push the need for sustainable packaging, such as lightweight corrugated paper.
Germany’s micro flute paper market is projected to accelerate at a CAGR of 3.1% in the estimated period. The country expanded at a CAGR of 3.0% during the historical period.
Consumers across Germany are anticipated to mainly focus on using organic and sustainable packaging solutions. Hence, they are moving toward paperboard packaging, including micro flute paper, as it helps attract more eco-conscious consumers.
Germany also has an efficient and established recycling infrastructure, which would accelerate micro flute paper sales. Government agencies in the country are encouraging companies to use paper-based packaging solutions as these can be easily recycled.
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The tables below showcase the growth rates of leading segments in the micro flute paper market. In terms of product type, the E-flute segment will likely witness a CAGR of 5.1% in the estimated period. Based on end-use, the food & beverage segment is set to exhibit a CAGR of 2.5% from 2023 to 2033.
| Product Type | CAGR (2023 to 2033) |
|---|---|
| E Flute | 5.1% |
| F Flute | 4.6% |
| N Flute | 6.1% |
| D Flute | 4.8% |
| End-use | CAGR (2023 to 2033) |
|---|---|
| Food & Beverage | 5.2% |
| Medical & Pharmaceutical | 3.8% |
| Personal Care | 5.6% |
| Consumer Durables | 4.4% |
Based on product type, the e-flute paper segment is set to witness a CAGR of 5.1% over the forecast period. Being a very thin type of paper, e-flute paper is set to be extensively used for packaging in mailboxes.
Although the global micro flute paper market has moderate pricing for D, N, F, and E micro flute paper across all the leading countries, the cost of E micro flute paper is the lowest. This would consequently make them the most affordable option for small and medium-scale manufacturers in the market.
In terms of end-use, the food & beverage segment is anticipated to showcase a considerable CAGR of 5.2% in the evaluation period. Food & beverage companies are projected to use micro flute paper for takeout containers.
Its lightweight nature would make corrugated paperboard convenient for customers, while its recyclable and biodegradable properties would contribute to environmental, social, and governance (ESG) goals. Moreover, several food manufacturers are set to use micro flute paper as inner packaging material for the transportation and storage of fragile items.
The global micro flute paper market is highly competitive, with the top players accounting for only 8 to 12% of the share. In order to maintain their position and gain a competitive edge in the market, key players are implementing several strategies. They are expanding their reach globally, diversifying their product portfolio, upgrading their supplier & distributor networks, and making rapid product developments.
Their actions are not only helping the key players maintain their market share but are also creating a ripple effect that is shaping the entire industry. With a highly competitive paper market, the pressure is on manufacturers to constantly innovate and improve their products, which is driving advancements in the micro flute paper business.
The implementation of growth strategies by key companies is resulting in a highly competitive and innovative industry. It is helping to deliver more advanced and sustainable packaging solutions for consumers worldwide.
Paperboard Packaging Market Developments
| Attribute | Details |
|---|---|
| Estimated Industry Value (2023) | US$ 2,658 million |
| Projected Industry Value (2033) | US$ 4,370 million |
| Anticipated Growth Rate (2023 to 2033) | 5.1% |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in US$ million, Volume in tons, and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | By Product, By Basis Weight, By Material, By End-use, By Region |
| Key Regions Covered | North America; Latin America; East Asia; South Asia & Pacific; Europe; Oceania; Middle East & Africa |
| Key Companies Profiled | DS Smith Plc; Smurfit Kappa Group Plc; Mondi Plc; Acme Corrugated Box Co. Inc.; Cascades Inc.; International Paper Inc.; Netpak; KRPA Holding CZ a.s; Al Kifah Paper Products Co; Mayr-Melnhof Packaging (MM Packaging); Independent Corrugator Inc.; GWP Group Ltd; Stora Enso Oyj; WestRock Company; Hamburger Containerboard; Shanghai DE Printed Box |
In 2022, the global micro flute paper market was valued at US$ 2,526 million.
The global market is anticipated to reach US$ 2,658 million in 2023.
The global micro flute paper market valuation is set to reach US$ 4,370 million in 2033.
The global micro flute paper market exhibited a 3.9% of CAGR from 2018 to 2022.
The projected CAGR for the global micro flute paper market is 5.1%.
The food & beverages segment is expected to generate a high value share.
1. Executive Summary
1.1. Global Market Outlook
1.2. Market Analysis
1.3. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
3.3. Technological Trends
4. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Volume (tons) Analysis, 2018 to 2022
4.2. Current and Future Market Volume (tons) Projections, 2023 to 2033
4.3. Y-o-Y Growth Trend Analysis
5. Global Market - Pricing Analysis
5.1. Regional Pricing Analysis
5.2. Global Average Pricing Analysis Benchmark
6. Global Market Demand (in Value or Size in US$ million) Analysis 2018 to 2022 and Forecast, 2023 to 2033
6.1. Historical Market Value (US$ million) Analysis, 2018 to 2022
6.2. Current and Future Market Value (US$ million) Projections, 2023 to 2033
6.2.1. Y-o-Y Growth Trend Analysis
6.2.2. Absolute $ Opportunity Analysis
7. Market Background
7.1. Global Economic Outlook
7.2. Global Packaging Market Outlook
7.3. Global Flexible Packaging Market Outlook
7.4. Global Pulp and Paper Market Outlook
7.5. Global Paper Packaging Market Outlook
7.6. Key Industry Perspective: What Industry Leaders are saying?
7.7. Macro-Economic Factors
7.8. Forecast Factors - Relevance & Impact
7.9. Value Chain
7.9.1. Key Market Participants
7.9.1.1. Exhaustive List of Raw Product Suppliers
7.9.1.2. Exhaustive List of Label Manufacturers
7.9.1.3. Exhaustive List of End Users
7.9.2. Profitability Margin
7.9.3. Who Supplies Whom
7.10. Cased Based Scenario – Impact Assessment
7.10.1. Current Statistics
7.10.2. Short-Mid-Long Term Outlook
7.10.3. Likely Rebound
7.11. Market Dynamics
7.11.1. Drivers
7.11.2. Restraints
7.11.3. Opportunity Analysis
7.12. Global Supply Demand Analysis
7.12.1. Production Data
7.12.2. Consumption Data
7.12.3. Export Data
7.12.4. Import Data
8. Global Market: Case-Based Scenario
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Product
9.1. Historical Market Size (US$ million) and Volume (tons) Analysis By Product, 2018 to 2022
9.2. Current and Future Market Size (US$ million) and Volume (tons) Analysis and Forecast By Product, 2023 to 2033
9.2.1.1. D Flute
9.2.1.2. E Flute
9.2.1.3. F Flute
9.2.1.4. N Flute
9.3. Market Attractiveness Analysis By Product
10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Material
10.1. Historical Market Size (US$ million) and Volume (tons) Analysis By Material, 2018 to 2022
10.2. Current and Future Market Size (US$ million) and Volume (tons) Analysis and Forecast By Material, 2023 to 2033
10.2.1. Virgin
10.2.2. Recycled
10.3. Market Attractiveness Analysis By Material
11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Basis Weight
11.1. Historical Market Size (US$ million) and Volume (tons) Analysis By Material, 2018 to 2022
11.2. Current and Future Market Size (US$ million) and Volume (tons) Analysis and Forecast By Material, 2023 to 2033
11.2.1. Up to 100 GSM
11.2.2. 100 to 175 GSM
11.2.3. 175 GSM to 250 GSM
11.2.4. Above 250 GSM
11.3. Market Attractiveness Analysis By Material
12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by End use
12.1. Historical Market Size (US$ million) and Volume (tons) Analysis By End use, 2018 to 2022
12.2. Current and Future Market Size (US$ million) and Volume (tons) Analysis and Forecast By End use, 2023 to 2033
12.2.1. Food & Beverages
12.2.2. Medical & Pharmaceuticals
12.2.3. Personal Care
12.2.4. Consumer Durable Electronic Goods
12.2.5. Others
12.3. Market Attractiveness Analysis By End use
13. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
13.1. Historical Market Size (US$ million) and Volume (tons) Analysis By Region, 2018 to 2022
13.2. Current and Future Market Size (US$ million) and Volume (tons) Analysis and Forecast By Region, 2023 to 2033
13.2.1.1. North America
13.2.1.2. Latin America
13.2.1.3. East Asia
13.2.1.4. South Asia & Pacific
13.2.1.5. Europe
13.2.1.6. Oceania
13.2.1.7. Middle East and Africa
13.3. Market Attractiveness Analysis By Region
14. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
14.1. Introduction / Key Findings
14.2. Historical Market Size (US$ million) and Volume (tons) Analysis by Market Taxonomy, 2018 to 2022
14.3. Current Market Size (US$ million) and Volume (tons) Analysis and Forecast by Market Taxonomy, 2023 to 2033
14.3.1. By Country
14.3.1.1. United States
14.3.1.2. Canada
14.3.2. By Product
14.3.3. By Material
14.3.4. By Basis Weight
14.3.5. By End Use
14.4. Market Attractiveness Analysis
14.4.1. By Country
14.4.2. By Product
14.4.3. By Material
14.4.4. By Basis Weight
14.4.5. By End Use
15. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
15.1. Introduction / Key Findings
15.2. Historical Market Size (US$ million) and Volume (tons) Analysis by Market Taxonomy, 2018 to 2022
15.3. Current Market Size (US$ million) and Volume (tons) Analysis and Forecast by Market Taxonomy, 2023 to 2033
15.3.1. By Country
15.3.1.1. Brazil
15.3.1.2. Mexico
15.3.1.3. Rest of Latin America
15.3.2. By Product
15.3.3. By Material
15.3.4. By Basis Weight
15.3.5. By End Use
15.4. Market Attractiveness Analysis
15.4.1. By Country
15.4.2. By Product
15.4.3. By Material
15.4.4. By Basis Weight
15.4.5. By End Use
16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
16.1. Introduction / Key Findings
16.2. Historical Market Size (US$ million) and Volume (tons) Analysis by Market Taxonomy, 2018 to 2022
16.3. Current Market Size (US$ million) and Volume (tons) Analysis and Forecast by Market Taxonomy, 2023 to 2033
16.3.1. By Country
16.3.1.1. China
16.3.1.2. Japan
16.3.1.3. South Korea
16.3.2. By Product
16.3.3. By Material
16.3.4. By Basis Weight
16.3.5. By End Use
16.4. Market Attractiveness Analysis
16.4.1. By Country
16.4.2. By Product
16.4.3. By Material
16.4.4. By Basis Weight
16.4.5. By End Use
17. South Asia & Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033
17.1. Introduction / Key Findings
17.2. Historical Market Size (US$ million) and Volume (tons) Analysis by Market Taxonomy, 2018 to 2022
17.3. Current Market Size (US$ million) and Volume (tons) Analysis and Forecast by Market Taxonomy, 2023 to 2033
17.3.1. By Country
17.3.1.1. India
17.3.1.2. Thailand
17.3.1.3. Indonesia
17.3.1.4. Malaysia
17.3.1.5. Rest of South Asia
17.3.2. By Product
17.3.3. By Material
17.3.4. By Basis Weight
17.3.5. By End Use
17.4. Market Attractiveness Analysis
17.4.1. By Country
17.4.2. By Product
17.4.3. By Material
17.4.4. By Basis Weight
17.4.5. By End Use
18. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
18.1. Introduction / Key Findings
18.2. Historical Market Size (US$ million) and Volume (tons) Analysis by Market Taxonomy, 2018 to 2022
18.3. Current Market Size (US$ million) and Volume (tons) Analysis and Forecast by Market Taxonomy, 2023 to 2033
18.3.1. By Country
18.3.1.1. Germany
18.3.1.2. France
18.3.1.3. Spain
18.3.1.4. Italy
18.3.1.5. United Kingdom
18.3.1.6. BENELUX
18.3.1.7. Russia
18.3.1.8. Rest of Europe
18.3.2. By Product
18.3.3. By Material
18.3.4. By Basis Weight
18.3.5. By End Use
18.4. Market Attractiveness Analysis
18.4.1. By Country
18.4.2. By Product
18.4.3. By Material
18.4.4. By Basis Weight
18.4.5. By End Use
19. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
19.1. Introduction / Key Findings
19.2. Historical Market Size (US$ million) and Volume (tons) Analysis by Market Taxonomy, 2018 to 2022
19.3. Current Market Size (US$ million) and Volume (tons) Analysis and Forecast by Market Taxonomy, 2023 to 2033
19.3.1. By Country
19.3.1.1. Australia
19.3.1.2. New Zealand
19.3.2. By Product
19.3.3. By Material
19.3.4. By Basis Weight
19.3.5. By End Use
19.4. Market Attractiveness Analysis
19.4.1. By Country
19.4.2. By Product
19.4.3. By Material
19.4.4. By Basis Weight
19.4.5. By End Use
19.4.6. By End Use
19.5. Market Attractiveness Analysis
19.5.1. By Country
19.5.2. By Product
19.5.3. By Material
19.5.4. By Basis Weight
19.5.5. By End Use
20. Middle East & Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
20.1. Introduction / Key Findings
20.2. Historical Market Size (US$ million) and Volume (tons) Analysis by Market Taxonomy, 2018 to 2022
20.3. Current Market Size (US$ million) and Volume (tons) Analysis and Forecast by Market Taxonomy, 2023 to 2033
20.3.1. By Country
20.3.1.1. GCC Countries
20.3.1.2. Türkiye
20.3.1.3. Northern Africa
20.3.1.4. South Africa
20.3.1.5. Rest of Middle East and Africa
20.3.2. By Product
20.3.3. By Material
20.3.4. By Basis Weight
20.3.5. By End Use
20.4. Market Attractiveness Analysis
20.4.1. By Country
20.4.2. By Product
20.4.3. By Material
20.4.4. By Basis Weight
20.4.5. By End Use
21. Country wise Market Analysis 2023 & 2033
21.1. Cross-section by segments
21.2. United States Market Analysis
21.2.1. By Product
21.2.2. By Material
21.2.3. By Basis Weight
21.2.4. By End Use
21.3. Canada Market Analysis
21.3.1. By Product
21.3.2. By Material
21.3.3. By Basis Weight
21.3.4. By End Use
21.4. Brazil Market Analysis
21.4.1. By Product
21.4.2. By Material
21.4.3. By Basis Weight
21.4.4. By End Use
21.5. Mexico Market Analysis
21.5.1. By Product
21.5.2. By Material
21.5.3. By Basis Weight
21.5.4. By End Use
21.6. Germany Market Analysis
21.6.1. By Product
21.6.2. By Material
21.6.3. By Basis Weight
21.6.4. By End Use
21.7. France Market Analysis
21.7.1. By Product
21.7.2. By Material
21.7.3. By Basis Weight
21.7.4. By End Use
21.8. Spain Market Analysis
21.8.1. By Product
21.8.2. By Material
21.8.3. By Basis Weight
21.8.4. By End Use
21.9. Italy Market Analysis
21.9.1. By Product
21.9.2. By Material
21.9.3. By Basis Weight
21.9.4. By End Use
21.10. United Kingdom Market Analysis
21.10.1. By Product
21.10.2. By Material
21.10.3. By Basis Weight
21.10.4. By End Use
21.11. Russia Market Analysis
21.11.1. By Product
21.11.2. By Material
21.11.3. By Basis Weight
21.11.4. By End Use
21.12. GCC Market Analysis
21.12.1. By Product
21.12.2. By Material
21.12.3. By Basis Weight
21.12.4. By End Use
21.13. Türkiye Market Analysis
21.13.1. By Product
21.13.2. By Material
21.13.3. By Basis Weight
21.13.4. By End Use
21.14. South Africa Market Analysis
21.14.1. By Product
21.14.2. By Material
21.14.3. By Basis Weight
21.14.4. By End Use
21.15. China Market Analysis
21.15.1. By Product
21.15.2. By Material
21.15.3. By Basis Weight
21.15.4. By End Use
21.16. Japan Market Analysis
21.16.1. By Product
21.16.2. By Material
21.16.3. By Basis Weight
21.16.4. By End Use
21.17. South Korea Market Analysis
21.17.1. By Product
21.17.2. By Material
21.17.3. By Basis Weight
21.17.4. By End Use
21.18. India Market Analysis
21.18.1. By Product
21.18.2. By Material
21.18.3. By Basis Weight
21.18.4. By End Use
21.19. Australia & New Zealand Market Analysis
21.19.1. By Product
21.19.2. By Material
21.19.3. By Basis Weight
21.19.4. By End Use
22. Market Structure Analysis
22.1. Market Analysis by Tier of Companies
22.2. Market Share Analysis of Top Players
22.3. Market Presence Analysis
23. Competition Analysis
23.1. Competition Dashboard
23.2. Competition Benchmarking
23.3. Competition Deep Dive(Global Based/Operating Key Market Players)
23.3.1. D.S. Smith Plc
23.3.1.1. Overview
23.3.1.2. Product Portfolio
23.3.1.3. Profitability by Market Segments (Product/Channel/Region)
23.3.1.4. Sales Footprint
23.3.1.5. Strategy Overview
23.3.2. Smurfit Kappa Group Plc
23.3.3. Mondi Plc
23.3.4. Acme Corrugated Box Co. Inc.
23.3.5. Cascades Inc.
23.3.6. International Paper Inc.
23.3.7. Netpak
23.3.8. KRPA Holding CZ, a.s
23.3.9. Al Kifah Paper Products Co
23.3.10. Mayr-Melnhof Packaging (MM Packaging)
23.3.11. Independent Corrugator Inc.
23.3.12. GWP Group Ltd
23.3.13. Stora Enso Oyj
23.3.14. WestRock Company
23.3.15. Hamburger Containerboard
23.3.16. Shanghai DE Printed Box
*The above list is indicative in nature and is subject to change during the course of research
24. Assumptions and Acronyms Used
25. Research Methodology
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Micro Flute Paper Market
