Market Size of EMEA Corrugated Board Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.70 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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EMEA Corrugated Board Packaging Market Analysis
The EMEA Corrugated Board Packaging Market is expected to grow at a CAGR of 5.7% over the forecast period (2021 - 2026). Factors such as growing demand for fresh food & beverages, home & personal products, logistics application, electronic goods, building consumer awareness towards sustainable packaging, and growth of the e-commerce industry has led to a regular progression in the corrugated box demand in EMEA during the review period.
- For instance, according to Goldman Sachs, e-commerce sales as a percentage of the gross domestic product in the Middle East, and Africa increased from 0.04% in 2009 to 0.12% in 2018. In 2013, B2C e-commerce accounted for 0.07% of the GDP in the Middle East and Africa.
- Multiple firms have been growing their reach with a rise in manufacturing capabilities within EMEA. For instance, in April 2020, DS Smith opened a new manufacturing plant in Lebanon. The plant is dedicated to producing corrugated packaging boxes. The 550,000 sq. Ft facility can provide 30,000 boxes/hour and 2 billion sq. Ft of recyclable packaging a year. This expansion increases the company's manufacturing capabilities.
- The processed Food segment has controlled EMEA corrugated market in terms of use. The sector has led the overall market due to the massive prerequisite of the foodstuffs to be packed, stored, and transported to various places for consumption within and outside Europe & MEA.
- Germany has ruled the European corrugated box market. Pharmaceutical, Automotive, Food, and Electronics industries are the principal industries present in the country, and therefore, the need for corrugated boxes from these industries is high.
- For instance, as per the Federal Statistical Office of Germany, it is projected that the revenue of the manufacture of corrugated paper and paperboard and containers of paper and cardboard in Germany will amount to approximately 24.03 USD billion by 2023.
- Corrugated packing is among the most cost-effective packaging solutions for various industries. However, specific limitations such as low strength and poor barrier properties of corrugated material restrict its use in many applications in the region.
- Moreover, moist and humid weather decreases the firmness and strength of corrugated boxes. Corrugated packing also has poor fire resistibility. Hence, the low strength of corrugated materials and poor barrier properties hinders the corrugated packaging market growth.
EMEA Corrugated Board Packaging Industry Segmentation
Corrugated board packaging relates to a way of packaging that protects, preserves, and transports a diverse range of products efficiently. The adoption of corrugated board packaging is rapidly growing due to its advantages, such as biodegradability, light-weight, and recyclability. They are used across various end-user industries such as processed foods, fresh food and produce, beverages, paper products, electrical products across vast geographies.
| By End-user Industry | |
| Processed Foods | |
| Fresh Food and Produce | |
| Beverages | |
| Paper Products | |
| Other End-user Industries (Electrical Products and Others) |
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EMEA Corrugated Board Packaging Market Size Summary
The EMEA corrugated board packaging market is experiencing steady growth, driven by increasing demand across various sectors such as fresh food and beverages, home and personal products, logistics, electronics, and the burgeoning e-commerce industry. The shift towards sustainable packaging solutions is also contributing to this upward trend. The market is characterized by a significant expansion in manufacturing capabilities, with companies like DS Smith enhancing their production facilities to meet the rising demand. Germany stands out as a key player in the European market, with its robust pharmaceutical, automotive, food, and electronics industries fueling the need for corrugated packaging. Despite its cost-effectiveness, the market faces challenges due to the low strength and poor barrier properties of corrugated materials, which limit their application in certain regions, particularly in humid conditions.
The growing preference for convenience foods, driven by busy lifestyles and an increasing population, is further propelling the demand for corrugated board packaging in the EMEA region. The beverage industry also plays a crucial role, supported by rising disposable incomes and improved living standards. Initiatives promoting eco-friendly packaging and the efforts of organizations like the Corrugated Packaging Alliance are bolstering market growth. The market is highly fragmented, with major players such as International Paper, DS Smith, and Smurfit Kappa leading the way. Mergers and acquisitions are common as companies seek to expand their presence and enhance their product offerings. Innovations in sustainable and environment-friendly packaging solutions are key to leveraging market opportunities.
EMEA Corrugated Board Packaging Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Recent innovations such as Fit-to-Product to drive growth in the Ecommerce segment
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1.2.2 High recyclable value and ability to support innovations in printing to aid demand for corrugated boxes
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1.2.3 High demand from the Fresh Food & Produce segment
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1.3 Market Challenges
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1.3.1 Concerns over Material Availability and Durability of Corrugated Board-based Products
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1.4 Market Opportunities
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1.5 Industry Attractiveness - Porter's Five Forces Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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1.6 Industry Supply Chain Analysis
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1.7 Impact of COVID-19 on the Corrugated Packaging Industry
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1.7.1 High growth in demand for groceries and e-commerce deliveries in major countries due to the ongoing lockdown measures curbing normal activity
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1.7.2 Short & near-term impact on the demand from consumer electronics and paper product segments
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1.7.3 Impact on the growth rates expected to vary across the regions depending on end-user uptake and supply chain access
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1.7.4 Recent advancements in Corrugated Board Packaging and the role of sustainability in driving market demand
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2. MARKET SEGMENTATION
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2.1 By End-user Industry
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2.1.1 Processed Foods
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2.1.2 Fresh Food and Produce
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2.1.3 Beverages
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2.1.4 Paper Products
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2.1.5 Other End-user Industries (Electrical Products and Others)
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2.2 Geography
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2.2.1 Eastern Europe
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2.2.1.1 Poland
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2.2.1.2 Russia
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2.2.1.3 Rest of Eastern Europe (Baltic region etc.)
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2.2.2 Western Europe
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2.2.2.1 United Kingdom
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2.2.2.2 Germany
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2.2.2.3 France
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2.2.2.4 Spain
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2.2.2.5 Italy
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2.2.2.6 Belgium and Switzerland
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2.2.2.7 Rest of Western Europe
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2.2.3 Middle East and Africa
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2.2.3.1 Turkey
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2.2.3.2 South Africa
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2.2.3.3 Gulf Cooperation Council
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2.2.3.4 Rest of Africa (Nigeria, Egypt, etc.)
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EMEA Corrugated Board Packaging Market Size FAQs
What is the current EMEA Corrugated Board Packaging Market size?
The EMEA Corrugated Board Packaging Market is projected to register a CAGR of 5.70% during the forecast period (2024-2029)
Who are the key players in EMEA Corrugated Board Packaging Market?
Mondi Group Plc, Smurfit Kappa Group, DS Smith PLC, International Paper Company and Sealed Air Corporation are the major companies operating in the EMEA Corrugated Board Packaging Market.
