According to Stratistics MRC, the Global Corrugated Fiberboard Market is accounted for $189.83 billion in 2024 and is expected to reach $266.09 billion by 2030 growing at a CAGR of 5.7% during the forecast period.
Corrugated fiberboard is a sturdy, lightweight packaging material made of three layers: an inner layer of fluted paper (the corrugated medium) sandwiched between two outer layers (linerboards). This structure provides strength and durability, making it ideal for shipping and protecting various products. Corrugated fiberboard is commonly used for boxes, displays, and protective packaging due to its excellent stacking strength, resistance to crushing, and ability to be easily printed on. Its recyclability also makes it an environmentally friendly packaging option.
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The North America region is projected to achieve the highest CAGR during the forecast period, owing to the booming e-commerce sector that demands efficient packaging solutions for safe product transportation. With a focus on sustainability, manufacturers are increasingly adopting eco-friendly practices, enhancing the market’s appeal. The automotive and electronics industries are significant consumers, relying on corrugated fiberboard for protective packaging. Additionally, innovations in design and production technology are improving functionality and customization options. Strong recycling initiatives further bolster the market, positioning North America as a key player in the global corrugated fiberboard landscape.
Some of the key players profiled in the Corrugated Fiberboard Market include International Paper Company, WestRock Company, Smurfit Kappa Group, Mondi Group, Georgia-Pacific LLC, Oji Holdings Corporation, DS Smith Plc, Packaging Corporation of America (PCA), Rengo Co., Ltd., Klabin S.A., Stora Enso Oyj, Nine Dragons Paper Holdings Limited, Pratt Industries, Inc., Cascades Inc., VPK Packaging Group, Saica Group, Nippon Paper Industries Co., Ltd., Svenska Cellulosa Aktiebolaget (SCA), Amcor Ltd. and Graphic Packaging International, LLC.
Key Developments:
In August 14 2024, International Paper renewed its commitment to environmental conservation investment in partnerships with organizations like the American Forest Foundation and The Nature Conservancy. These initiatives support their Vision 2030 goal to conserve one million acres of forestland.
In April 2024, International Paper Company has made significant moves recently, including collaboration with DS Smith Plc to form a strategic partnership expected to strengthen their position in sustainable packaging. The strategic rationale behind this collaboration includes the optimization of their respective mill networks and supply chains, which is expected to drive down costs and improve efficiency, leveraging the strengths of both companies to enhance customer offerings and innovation.
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