Global Market Study on Corrugated Packaging: Glassware and ceramics application to witness highest growth by 2020


  • Published On : Apr-2015 |
  • Pages : 68 Pages |
  • Format :

The growing concern of various governments about green and eco-friendly packaging is driving the global corrugated packaging market. Corrugated boxes, due to their flexible shapes, find their use across multiple industries. They can be die-cut and folded into a variety of shapes and sizes to fit specific packaging requirements. The packaging can be adjusted according to shelf dimension and shipping density. Corrugated packaging is vulnerable to moisture. However, it can be protected by applying moisture barriers and water repellent coatings for them. Based on strength requirements of a particular application, corrugated boards of different flute sizes are available in the market. Apart from being a mode of product packaging, the corrugated package also serves as billboards or stand-up displays for brand identification at shopping stores as they can be printed with high-impact graphic designs.

Secondary shipping is the major application area for corrugated packaging where it imparts highest protection at lowest prices as compared to other packaging types. Corrugated packaging is also used for primary packing such as for consumer electronic products. The graphics on corrugated packaging are printed on paper, which is then laminated onto the corrugated material. The process is termed as litho lamination or litho-lam. Corrugated retail display stands are gaining popularity in retail stores, especially in low-budget product promotions.

A large percentage of corrugated products are manufactured using high percentages of recovered fiber (including old corrugated containers, kraft, old newspapers, and mixed paper), which makes it a sustainable packaging solution. Corrugated packaging has the best recycling rate among packaging materials. In 2012, 91% of all containerboards produced in the U.S. was recovered and recycled. In 2013, processed food was the largest application segment in the global corrugated packaging market. It was followed by applications such as personal care and household products and beverages. The share of processed food corrugated packaging is expected to increase during the forecast period.

Increasing population coupled with rising per capita income is encouraging industrial production worldwide, which, consequently, is increasing the number of shipments. Owing to low costs and easy handling, corrugated packaging is considered as ideal for shipments across several industries. Based on the application, corrugated packaging is used in different shapes such as sheets, liner board, boxes, and containerboards. Based on dimensions of the packaging medium, corrugated packaging is classified as A-flute, B-flute, C-flute, E-flute, and F-flute.

The various application industries that use corrugated packaging include processed food, fresh food and produce, beverages, personal and household care, chemicals, paper products, electrical and electronic goods, glassware and ceramics, and tobacco.

The electronic commerce (e-commerce) industry is growing at a fast pace globally, which, consequentially, is leading to increasing in demand for corrugated packaging. Corrugated packaging is one of the best-suited packaging mediums for the e-commerce industry. The global e-commerce industry was worth USD 1.2 trillion in 2013. Currently, approximately 40% of global Internet users buy products online via desktops, mobile phones, and tablets. China and India are among fastest growing markets for e-commerce. According to an announcement in 2014 by the Indian Corrugated Case Manufacturers’ Association (ICCMA), the corrugated packaging industry in India is expected to grow at around 10% in the coming years; of this, the e-commerce industry is expected to account for a significant demand.

Currently, corrugated packaging is considered as the most cost-effective packaging solution. However, its low endurance and a high propensity for deformation restricts its area of application. Corrugated packaging is best suited for products within a certain weight range, beyond which it is not considered as an ideal packaging medium. This restricts its usage to a limited number of industries. High and cyclic relative humid weather decreases the compression strength of corrugated boxes, especially that of recycled corrugated boxes. Corrugated packaging also requires protection from liquids and sparks.

Major companies in the corrugated packaging market include International Paper Company, Nine Dragons Paper (Holdings) Limited, Rock-Tenn Company, Smurfit Kappa Group, Lee & Man Paper Manufacturing Ltd., Georgia-Pacific Equity Holdings LLC, Oji Holdings Corporation, Mondi Group, Packaging Corporation of America, and DS Smith Plc. The market is consolidating with large numbers of mergers and acquisitions taking place, especially in North America and Europe.

The global corrugated packaging market grew from USD XX billion in 2010 to USD XX billion in 2013 at a CAGR of XX%. Among application industries, the beverages segment (the largest market in 2013) grew from USD XX billion in 2010 to USD XX billion in 2013. The electrical and electronic goods packaging segment witnessed the highest CAGR of XX% during the same period.

The global corrugated packaging market is anticipated to grow from an estimated USD XX billion in 2014 to USD XX billion in 2020 at a CAGR of XX%. Processed food (the largest application segment in 2014) is anticipated to grow from USD XX billion in 2010 to USD XX billion in 2013. The electrical and electronic goods application segment is anticipated to witness the highest CAGR of XX% during the forecast period. 

1.1 North America

According to the Corrugated Packaging Alliance (CPA), in 2012, there were around 1,300 corrugated manufacturing plants in the U.S. and Canada. The corrugated industry in the U.S. employed over 70,000 people during the same year. Based on the discussions of the 16th International Containerboard Conference (ICC) in November 2014, the ratio of corrugated box shipments among nondurable goods manufactured in the U.S. has dropped from 102 square feet (ft2) per unit of goods in the first quarter of 2011 to 97 ft2 in the fourth quarter of 2014. This is further anticipated to fall to 95 ft2 by the end of 2015. Canada and Latin America are the major containerboard exporters to the U.S. 

1.1.1 North America corrugated packaging market, by application

The corrugated packaging market in North America grew from USD XX billion in 2010 to USD XX billion in 2013 at a CAGR of XX%. The market is anticipated to grow from an estimated USD XX billion in 2014 to USD XX billion in 2020 at a CAGR of XX%.

Among the applications of corrugated packaging, processed food (the largest application segment in 2013) grew from USD XX billion in 2010 to USD XX billion in 2013 at a CAGR of XX%. The others segment witnessed the highest CAGR of XX% during the same period. 

Processed food (the largest application segment in North America) grew from USD XX billion in 2010 to USD XX billion in 2013 at a CAGR of XX%. The others segment is anticipated to witness the highest CAGR growth of XX% during the forecast period.

1.1.2 North America corrugated packaging market, by country

The corrugated packaging market in the U.S. (the largest market in North America in 2013) grew from USD 23.63 billion in 2010 to USD 24.72 billion in 2013 at a CAGR of 1.5%. The rest of North America witnessed the highest CAGR growth of 2.1% during the forecast period.

The corrugated packaging market in the U.S. is expected to grow from an estimated XX USD billion in 2014 to USD XX billion in 2020 at a CAGR of XX%. A rest of North America is anticipated to witness the highest CAGR growth of XX% during the forecast period. 

According to the Corrugated Packaging Alliance (CPA), a corrugated packaging association based in the U.S., approximately 90% of all goods transported across the U.S. ship in corrugated packaging. The U.S. is one of the largest consumers of fresh food products in the world.

Major companies in the corrugated packaging market include:

  • International Paper Company.
  • Nine Dragons Paper (Holdings) Limited.
  • Rock-Tenn Company.
  • Smurfit Kappa Group.
  • Lee & Man Paper Manufacturing Ltd.
  • Georgia-Pacific Equity Holdings LLC.
  • Oji Holdings Corporation.
  • Mondi Group.
  • Packaging Corporation of America.
  • DS Smith Plc.
  • Other.

The market is consolidating with large numbers of mergers and acquisitions taking place, especially in North America and Europe.

Chapter 1 Preface

1.1 Research Methodology 

     1.1.1Regions covered in the report

1.2 Assumptions

Chapter 2 Market Synopsis

Chapter 3 Porter’s Five Forces Analysis

3.1 Bargaining Power of Suppliers

3.2 Bargaining Power of Buyers

3.3 Threat of New Entrants

3.4 Threat of Substitutes

3.5 Rivalry Among Competitors

Chapter 4 Industry Overview

4.1 Introduction

4.2 Market Drivers

     4.2.1 Growing industrial production in emerging markets

     4.2.2 Booming e-commerce industry

     4.2.3 Cost-effectiveness and sustainability benefits associated with corrugated packaging

4.3 Market Restraints

     4.3.1 Low endurance against mechanical stresses and adverse weather conditions

     4.3.2 Declining growth of certain end-user industries in major markets

     4.3.3 Impact analysis of market restraints

4.4 Market Trends

     4.4.1 Corrugated packaging industry is consolidating through large number of merger and acquisitions

Chapter 5 Market Size and Forecast by Application

5.1 Introduction

5.2 Processed Food

5.3 Fresh Food Produce

5.4 Personal Care and Household Goods

5.5 Chemicals

5.6 Paper Products

5.7 Electrical and Electronic Goods

5.8 Glassware and Ceramics

5.9 Tobacco

5.10 Others

Chapter 6 Market Size and Forecast by Region

6.1 North America

     6.1.1 North America corrugated packaging market, by application

     6.1.2 North America corrugated packaging market, by country

6.2 Europe

     6.2.1 Europe corrugated packaging market, by application

     6.2.2 Europe corrugated packaging market, by country

6.3 Asia Pacific

     6.3.1 Asia Pacific corrugated packaging market, by application

     6.3.2 Asia Pacific corrugated packaging market, by country

6.4 Rest of the World (RoW)

     6.4.1 RoW corrugated packaging market, by application

     6.4.2 Asia Pacific corrugated packaging market, by country

Chapter 7 Competitive Scenario

7.1 Introduction

7.2 Competitive Benchmarking

Chapter 8 Company Profiles

8.1 International Paper Company

     8.1.1 Company overview

     8.1.2 Products and services

     8.1.3 Financial performance

     8.1.4 Recent developments

8.2 Nine Dragons Paper (Holdings) Limited

     8.2.1 Company overview

     8.2.2 Product and services

     8.2.3 Financial performance

     8.2.4 Recent developments

8.3 Rock-Tenn Company

     8.3.1 Company overview

     8.3.2 Products and services

     8.3.3 Financial performance

     8.3.4 Recent Developments

8.4 Smurfit Kappa Group

     8.4.1 Company overview

     8.4.2 Products and services

     8.4.3 Financial performance

     8.4.4 Recent developments

8.5 Lee & Man Paper Manufacturing Ltd.

     8.5.1 Company overview

     8.5.2 Product and services

     8.5.3 Financial performance

     8.5.4 Recent developments

8.6 Georgia-Pacific Equity Holdings LLC

     8.6.1 Company overview

     8.6.2 Products and services

     8.6.3 Financial performance

     8.6.4 Recent developments

8.7 Oji Holdings Corporation

     8.7.1 Company overview

     8.7.2 Products and services

     8.7.3 Financial performance

     8.7.4 Recent developments

8.8 Mondi Group

     8.8.1 Company overview

     8.8.2 Products and services

     8.8.3 Financial performance

     8.8.4 Recent developments

8.9 Packaging Corporation of America

     8.9.1 Company overview

     8.9.2 Products and segments

     8.9.3 Financial performance

     8.9.4 Recent Developments

8.10 DS Smith Plc

     8.10.1 Company overview

     8.10.2 Products and segments

     8.10.3 Financial performance

     8.10.4 Recent developments


List of Tables

TABLE 1 Snapshot : Global market for corrugated packaging, 2013 and 2020

TABLE 2 Impact analysis of market drivers

TABLE 3 Impact analysis for drivers

TABLE 4 Impact analysis of market restraints

TABLE 5 Global corrugated packaging market size, by application, 2010 – 2013 (USD billion)

TABLE 6 Global corrugated packaging market size, by application, 2014 – 2020 (USD billion)

TABLE 7 North America corrugated packaging market, by application, 2010 – 2013 (USD billion)

TABLE 8 North America corrugated packaging market, by application, 2014 – 2020 (USD billion)

TABLE 9 North America corrugated packaging market, by country, 2010 – 2013 (USD billion)

TABLE 10 North America corrugated packaging market, by country, 2014 – 2020 (USD billion)

TABLE 11 Europe corrugated packaging market, by application, 2010 – 2013 (USD billion)

TABLE 12 Europe corrugated packaging market, by application, 2014 – 2020 (USD billion)

TABLE 13 Europe corrugated packaging market, by country, 2010 – 2013 (USD billion)

TABLE 14 Europe corrugated packaging market, by country, 2014 – 2020 (USD billion)

TABLE 15 Asia Pacific corrugated packaging market, by application, 2010 – 2013 (USD billion)

TABLE 16 Asia Pacific corrugated packaging market, by application, 2014 – 2020 (USD billion)

TABLE 17 Asia Pacific corrugated packaging market, by country, 2010 – 2013 (USD billion)

TABLE 18 Asia Pacific corrugated packaging market, by country, 2014 – 2020 (USD billion)

TABLE 19 RoW corrugated packaging market, by application, 2010 – 2013 (USD billion)

TABLE 20 RoW corrugated packaging market, by application, 2014 – 2020 (USD billion)

TABLE 21 RoW corrugated packaging market, by country, 2010 – 2013 (USD billion)

TABLE 22 RoW corrugated packaging market, by country, 2014 – 2020 (USD billion)

TABLE 23 Wood pulp trade balance in Europe (2010 – 2011)

TABLE 24 Wood pulp trade balance in North America (2010–2011)

TABLE 25 Corrugated packaging products of International Paper Company

TABLE 26 Georgia-Pacific Equity Holdings LLC products and brands

TABLE 27 DS Smith Plc corrugated packaging product category and types


List of Figures 

FIG. 1 Corrugated packaging market: Porter’s five forces analysis

FIG. 2 Global corrugated packaging market share, by application, 2013 and 2020

FIG. 3 Global corrugated packaging market share, by value, 2013 and 2020

FIG. 4 Competitive positioning of major corrugated packaging companies across regions in 2013, by production capacity (in million tons)

FIG. 5 Competitive mapping of strategic developments of major companies across regions (2011 – 2014)

FIG. 6 International Paper Company net sales and net earnings, 2011 – 2013 (USD million)

FIG. 7 Nine Dragons Paper (Holdings) Limited sales and gross profit,

2012 – 2014 (USD million)

FIG. 8 Rock-Tenn Company net sales and net income, 2011 – 2013 (USD million)

FIG. 9 Smurfit Kappa Group revenue and net income, 2011– 2013 (USD million)

FIG. 10 Lee & Man revenue and net profit, 2011 – 2013 (USD million)

FIG. 11 Oji Holdings Corporation net sales and net income, 2011 – 2013 (USD Million)

FIG. 12 Mondi Group net revenue and net profit 2011 – 2013 (USD million)

FIG. 13 Packaging Corporation of America net sales and net income, 2011 – 2013 (USD million)

FIG. 14 DS Smith Plc net sales and net income, 2012 – 2014 (USD million)

Back To Top