Global Corrugated Board Market By Flute Type (B, C, A, E, F and Other Flute Types), By Board Style (Single Wall, Double Wall, Single Face and Triple Wall), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Corrugated Board Market Overview:

In 2021, the global corrugated board market was valued at USD 96,446.2 million with a CAGR of 6.23%.

To protect packaged goods, flutes are available in different thicknesses and levels. Because of the many applications these products have in different industries, such as pharmaceutical, personal and cosmetics, single wall dominated the U.S. Market in 2021.

Global Corrugated Board Market:

Flute Type Analysis

C-Flute earned a 29.4% share of 2021 revenue. A-flute has a thickness of approximately 5mm. This gives it a higher level of protection. It also provides greater cushioning, stiffness, and resistance to lateral crushing for packaged goods.

Higher thicknesses allow stacking and resist bending. Flat structures allow for high-quality printing. F-flutes are thinner and more flexible than E-flute. F-flutes are thinner than E-flute. According to the USEPA, manufacturers are trying to reduce fiber use in order to make eco-friendly packaging.

Board Style Analysis

The single-wall board segment was responsible for a 38% revenue share in 2021. You can apply different coatings to the surface. This will reduce the box’s overall weight and lower shipping costs. Single-face boards may also be used to protect packaged goods. The Agricultural and Processed Food Products Export Development Authority states that boxes made from a Corrugated Fiber Board of 5ply (that is double-wallboard) can be used to pack mangoes after they have been shipped from India.

Additional layers of paper are added to the structure to provide crush resistance for packed goods. Adding layers of fluted paper can make a triple-wall corrugated board with three corrugating media stronger to mechanical stress. This is an economical, durable, and strong alternative to traditional timber- or metal-based packaging for heavyweight items.

Key Market Segments:

By Flute Type

• A-Flute
• B-Flute
• C-Flute
• E-Flute
• F-Flute
• Other Flute Types

By Board Type

• Single Face
• Single Wall
• Double Wall
• Triple Wall

Market Dynamics:

Many food service businesses use corrugated board products to package and deliver meals. Most countries had strict lockdowns in place, with access limited to the essentials. Online retailers are using corrugated packaging to promote sustainability. The price of final products will be affected by the increase in raw materials prices. The low durability of paper-based corrugated boards over other packaging options like plastic would limit the market growth.

Regional Analysis:

The Asia Pacific accounted for 37% of global revenue in 2021. According to the report “China’s Growing Role in U.S Markets”, published by The U.S. International Trade Commission in August 2021, Automotive Supply Chains reveals that China’s exports of parts to the U.S. under HS8708 were valued at US$ 12,200 million in 2021, and have increased to US$ 34.8 Billion in 2021.

According to it, China’s parts exports to the U.S. were worth US$ 12,200 million in 2021 and have increased to US$ 34,800 million in 2021. A greater number of Asian-Pacific businesses in packaging will drive market growth. Europe held more Europe than 23% of the total volume share in 2021. Beverages are next at 11.4%, followed by dairy products at 10% and FMCG at 6.2%. It is used primarily to transport food products that are at risk of contamination or damage.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share Analysis:

The market is very fragmented, which has resulted in increased competition among players. Corrugated boards are mostly made from virgin fiber to prevent product contamination and increase safety. These products are made of recycled fiber and virgin pulp. Market players use various strategies to expand their product offerings and increase their market share. For example, International Paper acquired two Spanish corrugated packaging firms – Cartonatges Trilla S.A. Tarragona & La Gaviota S.L. Madrid in March 2021.

Key Market Players:

• Oji Holdings Corporation
• International Paper
• WestRock Company
• Georgia-Pacific
• Stora Enso
• Packaging Corporation of America
• Smurfit Kappa
• Other Key Players

For the Corrugated Board Market research study, the following years have been considered to estimate the market size: