Industry Background:
Corrugated fibreboard is made up of corrugated paperboard and a combination of other raw materials such as adhesives and waxes. It contains rows of open-air columns inside the walls of the two or more layers. The ridges inside the wall offer strength and flexibility, which makes it ideal for packaging. It is particularly used due to its strength & durability. The growing E-commerce industry has witnessed its highest demand again due to the properties of corrugated fiberboard and cost-efficient feature. Also, it is bio-degradable & reusable hence, its giving strength to sustainable packaging. In the Philippines, as in other Southeast Asian countries, there continues to be strong economic growth, and there has been a market expansion in the packaging materials market with the increase in domestic consumption, which will further increase demand for corrugated fiberboard.This growth is primarily driven by Growing Awareness among Consumers Regarding the Usage of Environment-Friendly Products, Government Initiatives for Stimulating Eco-Friendly Packaging Materials, Lower Raw Material Costs, Lower Labor Costs, and Lower Machinery Expenses and Increase in International Trade, Demand for Packaging.
Globally, a noticeable market trend is evident Fit-To-Product (Ftp) or Box-On-Demand Systems. Major Vendors, such as Mindanao Corrugated Fibreboard Inc. (Philippines), UPPC (Philippines), WAND Inc. (Philippines), Tosi Jasindo (Philippines), Georgia-Pacific (United States), W. E. Roberts Group (United Kingdom), Fencor Packaging Group Limited (United Kingdom), T.G. Nuttall Packaging Limited (United Kingdom), Great Little Box Company Ltd. (Canada), Durham Box (United Kingdom) and ABBE Corrugated (Australia) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In February 2020, Mondi Group partnered with Cartro, Mexican corrugated packaging company, to deliver sustainable packaging solutions for fresh produce. and In March 2020, International Paper has entered into an agreement to sell its Brazilian corrugated packaging business to Klabin S.A. for Brazilian Real 330 million, with 280 million to be paid at closing and 50 million one year thereafter where the business includes three containerboard mills and four box plants.
Regulatory Insights:
The numerical code system, known as the International Fibreboard Case Code, was developed by the European Federation of Corrugated Board Manufacturers (FEFCO) in collaboration with the European Solid Board Organisation (ESBO) to avoid confusion when communicating in different languages.
Market Drivers
- Growing Awareness among Consumers Regarding the Usage of Environment-Friendly Products
- Government Initiatives for Stimulating Eco-Friendly Packaging Materials
- Lower Raw Material Costs, Lower Labor Costs, and Lower Machinery Expenses
- Increase in International Trade, Demand for Packaging
Market Trend
- Fit-To-Product (Ftp) or Box-On-Demand Systems
Restraints
- High Establishment Cost of the Manufacturing Unit of Corrugated Fiberboard
- Certain Limitation Such As Low Strength and Poor Barrier Properties of Corrugated Material
Opportunities
Increase in the Ecommerce Industry owing to Online Shopping and Opportunities for New Market Entrants owing to Government Supports
Challenges
Regulations on Deforestation and Use of Paper Processing Chemicals
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Corrugated Fiberboard Study Sheds Light on
The Corrugated Fiberboard Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Corrugated Fiberboard industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Corrugated Fiberboard industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.