Market Size of Morocco Corrugated Board Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 257.90 Million |
| Market Size (2029) | USD 324.80 Million |
| CAGR (2024 - 2029) | 4.72 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Morocco Corrugated Board Market Analysis
The Morocco Corrugated Board Market size is estimated at USD 257.90 million in 2024, and is expected to reach USD 324.80 million by 2029, growing at a CAGR of 4.72% during the forecast period (2024-2029). In terms of production volume, the market is expected to grow from 304.02 thousand tons in 2024 to 370.42 thousand tons by 2029, at a CAGR of 4.03% during the forecast period (2024-2029).
Corrugated board, known for its versatility and cost-efficiency, is a reliable method of safeguarding, storing, and transporting a diverse array of products. Its lightweight nature, biodegradability, and recyclability have cemented its position as a cornerstone in the packaging industry. Beyond traditional boxes, corrugated boards may be molded into various shapes, increasingly supplanting flexible plastic bags due to sustainability concerns.
Corrugated board packaging is one of the popular eco-friendly packaging options. Compared to bulkier packaging solutions, this packaging format can be created in various sizes with a small footprint, making it suitable for usage in different end-user industries.
According to the Global Economy Analysis, Morocco's infrastructure is ranked fifth globally for its road network quality within Africa. A robust road network is a cornerstone for e-commerce success. It ensures swift deliveries and efficient movement of goods domestically but also extends connectivity to even the most remote villages. With its strong port access, Morocco's e-commerce logistics are primed and poised to bolster its position in the burgeoning corrugated packaging market.
The demand for convenience foods is on the rise due to the busy lifestyles of people. As corrugated board packaging keeps moisture away from the products and withstands long shipping times, it is increasingly being adopted by companies to offer better outcomes to customers, especially as a means of secondary or tertiary packaging. Processed foods, such as bread, meat products, and other perishable items, need these packaging materials to be used once, thereby driving the demand.
Moreover, the rising consumption of consumer goods, including electronics, clothing, and food products, requires substantial packaging materials. Corrugated boards are favored for their durability and versatility, meeting the packaging needs of various industries.
The easy availability of various alternatives to corrugated packaging, such as wood and plastic packaging, is likely to challenge the country's demand for corrugated boards.
