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The Europe - Corrugated Box Market size is estimated to grow at a CAGR of 4.92% between 2023 and 2028. The market size is forecast to increase by USD 5.3 billion. The growth of the market depends on several factors such as growing demand for corrugated boxes in the e-commerce industry, increasing demand for processed and packaged foods, and increasing use of corrugated boxes in the organized retail sector.
This Europe corrugated box market report extensively covers market segmentation by end-user (food and beverages, electronic goods, personal and household care goods, and glassware products and others) and material (recycled corrugates and virgin corrugates). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018 - 2022.
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Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increasing use of corrugated boxes in the organized retail sector is notably driving market growth. Organized retailing, also known as modern retailing, is a store where a licensed retailer sells various goods of different categories under one roof. These goods are packaged in materials that preserve them as well as help retain the nutritional value of the food. In addition, there is an increased demand for eco-friendly packaging materials from consumers, and the organized retail sector plays a significant role in providing it in the form of corrugated boxes for packaging. Europe is the largest market for frozen fruits and vegetables in the world and accounts for around 50% of global imports.
Moreover, the UK, Germany, Belgium, and France are some of the leading importing countries for frozen fruits and vegetables in Europe. The number of consumers purchasing grocery items, such as chilled and frozen foods, from organized retail stores has increased in Europe. These items are generally packed in paperboard containers. Therefore, the demand for corrugated boxes in Europe is expected to grow at a steady rate through organized retail channels during the forecast period.
Incorporation of innovative lightweight materials in corrugated boxes is a significant challenge hindering the market growth. Lightweight corrugated boxes have a base weight of less than 27 lbs/thousand square feet. Their manufacturing involves a different corrugating process than regular corrugated boxes. Fibers are tightly held together in lightweight corrugated boxes, which results in higher fiber content and reduced weight. This indicates that the corrugated boxes will be of the same or greater strength but lighter in weight. The weight is expected to be reduced further in future years.
Moreover, companies are providing lightweight and high-performance container boxes to reduce cost, improve performance, and promote sustainability, which can positively impact Europe - corrugated box market growth. Lightweight corrugated boxes are mainly used in Western Europe. Therefore, an increase in sustainable lightweight corrugated box manufacturing will drive the growth of the market during the forecast period.
The rise in the cost of raw materials used to produce corrugated boxes is a significant challenge hindering market growth. Paper pulp is used as a raw material for manufacturing corrugated boxes. Its prices are volatile because they depend on the demand and supply scenario. The widened gap between demand and supply over the last five years has led to an increase in the cost of raw materials. Moreover, kraft paper accounts for more than 70% of the total input cost in corrugated box manufacturing, and the price of kraft paper has also increased by more than 12% since 2013. This has led to an increase in the cost of production and, ultimately, the price of corrugated boxes. The manufacturing process of corrugated boxes makes use of capital-intensive machinery, which adds to the manufacturing costs.
Therefore, any increase in the price of raw materials raises the manufacturing cost of corrugated box packaging as well as leads to reduced profit margins for the vendors. Therefore, for a competitive edge in the Europe-corrugated box market, manufacturers are experimenting with cheaper substitutes for packaging. Also, the bargaining power of raw material suppliers is moderate, which may hinder the growth of the corrugated box market in Europe during the forecast period.
The food and beverages segment is estimated to witness significant growth during the forecast period. The food and beverage is a major contributor to Europe's economy. Europe's food and beverage is ahead of other manufacturing sectors, such as automotive, and is expected to dominate the economy at a significant growth rate. A major driver for the growing demand for corrugated boxes in Europe is the demand for organic food products in the region.
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The food and beverages segment was the largest segment and was valued at USD 7.8 billion in 2018. The changes in demographics, like an increase in single-person households and the growing number of elderly consumers, are triggering the demand for ready-to-eat (RTE) and processed food products, which, in turn, is fueling the demand for corrugated boxes in Europe. In Europe, single-person households increased by 28.5% from 2010 to 2021. The increase in such households is expected to change the demand patterns for food and beverages in the country. The major effect of such developments will be a change in package size at supermarkets, which, in turn, will increase the demand for corrugated boxes, thereby driving the growth of the market in this segment during the forecast period.
Based on material, the market has been segmented into recycled corrugates and virgin corrugates. The recycled corrugates segment will account for the largest share of this segment.? Recycled corrugated boxes are a sustainable and environmentally friendly type in the Europe - corrugated box market. These corrugated boxes are crafted from reclaimed paper and cardboard materials, diverting post-consumer and post-industrial waste from landfills. The preference for recycled corrugated boxes underscores a growing global commitment to sustainable practices and reducing the environmental impact of packaging materials. Thus, the increasing focus on using sustainable products in packaging will drive the growth of this segment in the market in focus during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Bio Pappel SAB de - The company offers corrugated box made up of bio degradable paper.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Bio Pappel SAB de CV, Buckeye Corrugated Inc., DS Smith Plc, International Paper Co., Josef Schulte GmbH, Koch Industries Inc., MODEL HOLDING AG, Mondi Plc, Nampak Ltd., PRINZHORN HOLDING GmbH, Rengo Co. Ltd., ROSSMANN SAS, S.A Industrias Celulosa Aragonesa, Smurfit Kappa Group, Sonoco Products Co., Stephen Gould Corp., Stora Enso Oyj, Tetra Laval SA, VPK Group, and WestRock Co.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report encompasses the entire market adoption cycle, ranging from the initial innovator phase to the subsequent laggard stage. It emphasizes adoption rates across various regions, determined by penetration levels. Additionally, the report outlines essential purchasing factors and factors influencing price sensitivity. This aids companies in assessing and formulating effective growth strategies.
Global Europe Corrugated Box MarketCustomer Landscape
The Europe Corrugated Box Market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Europe Corrugated Box Market Scope |
|
Report Coverage |
Details |
Page number |
155 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.92% |
Market Growth 2024-2028 |
USD 5.3 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.45 |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Bio Pappel SAB de CV, Buckeye Corrugated Inc., DS Smith Plc, International Paper Co., Josef Schulte GmbH, Koch Industries Inc., MODEL HOLDING AG, Mondi Plc, Nampak Ltd., PRINZHORN HOLDING GmbH, Rengo Co. Ltd., ROSSMANN SAS, S.A Industrias Celulosa Aragonesa, Smurfit Kappa Group, Sonoco Products Co., Stephen Gould Corp., Stora Enso Oyj, Tetra Laval SA, VPK Group, and WestRock Co. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
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