Corrugated board packaging market set to reach $269bn in 2021 Factory Suppliers Manufacturers Quotes

Corrugated board packaging market set to reach $269bn in 2021

Corrugated board packaging market set to reach $269bn in 2021

Corrugated board packaging market set to reach $269bn in 2021

The global corrugated board packaging market is set to reach $269bn (£216bn) in 2021, according to Smithers Pira.

The research found that growth in demand for corrugated board packaging is showing signs of a slowdown.

Between 2009-2015 volume consumption of corrugated board grew on average by 4.3% annually but this is expected to decrease to 3.6% annually in 2016–2021.

The consumption of corrugated board packaging by end users totalled 128.6 million tonnes in 2015, worth over $222bn to converters.

It also said that growth rates dropped from 7.4% between 2009 and 2010, as the industry came out of the global recession, to just 3.6% from 2014 to 2015.

The continued growth of internet shopping is seeding a spate of innovation in the corrugated market, with companies taking on the challenge of what they term ‘frustration-free’ packaging; together with the need for safe transportation of goods via the postal service to reduce the cost of delivery by courier and enable easy returns.

“The highest percentage growth in demand for corrugated board between 2016 and 2021 is expected to occur in the electrical goods industry, while the largest net incremental demand will be in the processed food market as this has the highest base, and this segment will also see the most significant gain in market share over the forecast period,” said Smithers Pira.


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