Global Corrugated Packaging Market Competitive Landscape
Executive Summary
The global corrugated packaging market is characterized by intense competition and substantial fragmentation, with numerous firms vying for market share. Prominent participants in this highly competitive sector include International Paper Company, Smurfit Kappa Group, WestRock Company, Packaging Corporation of America, and Nine Dragons Paper Holdings Limited. These industry giants are engaged in the manufacturing and distribution of a diverse range of corrugated packaging products, including boxes, cartons, and containers, catering to a wide array of end markets such as food and beverage, healthcare, electronics, and consumer goods industries. Moreover, they offer a spectrum of value-added services to clients, encompassing design, printing, and various delivery options, further enhancing their market presence and client satisfaction.
In recent years, the market has witnessed a tendency towards consolidation, with major businesses acquiring out small firms to broaden their geographic and product scopes. To expand its capabilities in Madrid and Catalonia, International Paper bought two cutting-edge corrugated box operations in Spain in 2021.
Players are investing in automation and digitalization to increase efficiency and cut costs as the industry experiences substantial technical breakthroughs. For instance, the WestRock Company has created a digital printing platform called "Box On Demand" that enables clients to order personalized boxes in small quantities, removing the need for vast inventories and cutting down on waste.
Overall, it is anticipated that the global corrugated competitive landscape will continue to be extremely competitive in the years to come, driven by rising consumer demand for environmentally friendly and sustainable packaging solutions, technological advancements, and intensifying competition from substitute materials like plastic and metal.
Makreo research has published a study on corrugated boxes packaging market titled, “Global Corrugated Packaging market Competitive Landscape”. This study evaluates corrugated packaging market key players performance on various grounds covering both established market leaders as well as start-ups.
Scope Covered:-
- Mergers/Acquisitions
- Funding
- Investment
- Competitive Scenario
- Company Profiles
Global Corrugated Packaging Industry Players Discussed
- International Paper Company
- Packaging Corporation of America
- Mathews International Corporation
- Graphic Packaging Holding
- Smurfit Kappa Group Plc.
- West Rock Company
- DS Smith Plc.
- Mondi Group Plc
- Oji Holding Corporation
- Nine Dragons Paper Holding Limited
- Rengo Co. Ltd.
- Cascades Inc.