Europe Corrugated Boards Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Food and Beverage, E-commerce, Consumer Durables, Electrical and Electronics, and Others)

Code: TIPRE00026852 | Pages: 116 | Industry: Chemicals and Materials | Date: Jan 2022
Covid

Market Introduction

Europe comprises several developing economies such as Germany, Russia, France, the UK, and Italy. Europe is considered to be one the largest market for corrugated board in the world due to wide product application scope in the regional processed food and electronics industries. The food processing industry is the European Union (EUs) is one of the biggest manufacturing sectors. The EU boasts an important trade surplus. According to the European Commission, EU food and drink exports have doubled, reaching over €90 billion (US$ 101.71) in the last 10 years. The increase in exports has led to an increase the demand for corrugated packaging of food products, which will enable safe and fresh transportation of food products. According to the European Federation of Corrugated Board Manufacturers (FEFCO), a non-profit organization representing the interests of the industry across Europe, more than 40% of the corrugated packaging is used to pack food products in Europe.

Several industrial bases such as electronics, automotive, food and beverage, and other industrial sectors have been impacted by the pandemic, which has negatively impacted the demand for corrugated board in the regional market. However, the increase in the use of e-commerce retail sites during the pandemic supported the corrugated board market growth to an extent. The gradual upliftment of lockdown restrictions in certain countries in Europe will facilitate the recovery of various industries and logistics operations and will have a positive impact on the corrugated board market.

Market Overview and Dynamics

The corrugated boards market in Europe is expected to grow US$ 21,931.55 million in 2021 to US$ 30,718.13 million by 2028; it is estimated to grow at a CAGR of 4.9% from 2021 to 2028. Corrugated packaging materials are used in the secondary and tertiary packaging of nondurable and durable goods, such as food and beverages products, consumer durables, electricals and electronics appliances, paper, chemicals, personal care and household products, agriculture products, forestry and fishing products, and plastic and rubber products. Corrugated boards are among the cost-efficient and versatile packaging solutions that help protect a wide range of products, especially during transport. These boards are lightweight, rigid, biodegradable, and recyclable, which makes them an integral component in the packaging industry. A substantial rise in the demand for the fast-moving consumer goods (FMCG) and branded consumer durables across the world is bolstering the use of corrugated boards for packaging. Corrugated boards are extensively used across the food & beverages industry to pack processed food items such as bread, snacks, ready-to-eat (RTE) meals, and meat products; fruits; durable food products; and beverages. For instance, food service outlets are using corrugated boxes for packaging pizza. Shift in consumer lifestyle, along with the growing demand for convenience food, is driving the need for catering and high-quality packaging services, which fuels the growth of the corrugated boards market. In addition, there has been an increased focus on innovations in the corrugated boards used for food products. For instance, the company THIMM Group, a solution provider for the packaging and distribution of goods, developed “COOLandFREEZE,” a box made of corrugated cardboard for temperature-controlled shipping that enables the joint transport of non-refrigerated, frozen, and chilled products within one package. Thus, the growing demand for corrugated boards in various applications drives the growth of the corrugated board market.

Key Market Segments

In term of application, food and beverages segment held a larger market share of the corrugated boards market in 2020. Further based on food and beverages, process food industry segment held a larger market share of the corrugated boards market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the corrugated boards market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Klabin S.A.; International Paper; Arcor; Mondi; NIPPON PAPER INDUSTRIES CO., LTD.; Smurfit Kappa; Klingele Papierwerke GmbH & Co. KG; and WestRock Company among others.

Reasons to buy report

  • To understand the Europe corrugated boards market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe corrugated boards market
  • Efficiently plan M&A and partnership deals in Europe corrugated boards market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe corrugated boards market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.

Europe Corrugated Boards Market Segmentation

 

Europe Corrugated Boards Market – By Application

  • Food and Beverages
  • Process food industry
  • Fresh Fruit and Vegetable Packaging
  • Others
  • E-Commerce
  • Consumer Durables
  • Electricals and Electronics
  • Others

Europe Corrugated Boards Market – By Country

  • Germany
  • France
  • Italy
  • UK
  • Russia
  • Rest of Europe    

Europe Corrugated Boards Market – Companies Mentioned

  • Klabin S.A.                                                                            
  • International Paper                                                            
  • Arcor                                                                                     
  • Mondi                                                                                    
  • NIPPON PAPER INDUSTRIES CO., LTD.                            
  • Smurfit Kappa                                                                      
  • WestRock Company   
  • Klingele Papierwerke GmbH & Co. KG 

1.          Introduction

1.1        Study Scope

1.2        The Insight Partners Research Report Guidance

1.3        Market Segmentation

2.          Key Takeaways

3.        Research Methodology

3.1        Scope of the Study

3.2        Research Methodology

3.2.1        Data Collection:

3.2.2        Primary Interviews:

3.2.3        Hypothesis formulation:

3.2.4        Macro-economic factor analysis:

3.2.5        Developing base number:

3.2.6        Data Triangulation:

3.2.7        Country level data:

4.          Europe Corrugated Boards Market Landscape

4.1        Market Overview

4.2        Porter’s Five Forces Analysis

4.2.1        Bargaining Power of Suppliers

4.2.2        Bargaining Power of Buyers

4.2.3        Threat of Substitutes

4.2.4        Threat of New Entrants

4.2.5        Intensity of Competitive Rivalry

4.3        Expert Opinion

4.4        Ecosystem Analysis

5.          Europe Corrugated Board Market – Key Market Dynamics

5.1        Market Drivers

5.1.1        Surging Demand for Corrugated Boards in Diverse Applications

5.1.2        Boosting Expansion of Online Retail

5.1        Market Restraints

5.1.1        Changing Prices of Raw Materials

5.2        Market Opportunities

5.2.1        Strengthening Demand for Sustainable and Lightweight Packaging Materials

5.3        Future Trends

5.3.1        Raising Advancements in Digital Printing

5.4        Impact Analysis of Drivers and Restraints

6.          Europe Corrugated Boards Market Analysis

6.1        Market Overview

6.2        Europe Corrugated Boards Market –Revenue and Forecast to 2028 (US$ Million)

7.          Europe Corrugated Board Market Analysis – by Application

7.1        Overview

7.2        Europe Corrugated Board Market, by Application (2020 and 2028)

7.3        Food and Beverages

7.3.1        Overview

7.3.2        Food and Beverages: Corrugated Boards Market – Revenue and Forecast to 2028 (US$ Million)

7.3.3        Processed Food Industry

7.3.3.1          Overview

7.3.3.2          Processed Food Industry: Corrugated Boards Market – Revenue and Forecast to 2028 (US$ Million)

7.3.4        Fresh Fruit and Vegetable Packaging

7.3.4.1          Overview

7.3.4.2          Fresh Fruit and Vegetable Packaging: Corrugated Boards Market – Revenue and Forecast to 2028 (US$ Million)

7.3.5        Others

7.3.5.1          Overview

7.3.5.2          Others: Corrugated Boards Market – Revenue and Forecast to 2028 (US$ Million)

7.4        E-Commerce

7.4.1        Overview

7.4.2        E-Commerce: Corrugated Boards Market – Revenue and Forecast to 2028 (US$ Million)

7.5        Consumer Durables

7.5.1        Overview

7.5.2        Consumer Durables: Corrugated Boards Market – Revenue and Forecast to 2028 (US$ Million)

7.6        Electricals and Electronics

7.6.1        Overview

7.6.2        Electricals and Electronics: Corrugated Boards Market – Revenue and Forecast to 2028 (US$ Million)

7.7        Others

7.7.1        Overview

7.7.2        Others: Corrugated Boards Market – Revenue and Forecast to 2028 (US$ Million)

8.          Europe Corrugated Board Market – Country Analysis

8.1        Overview

8.1.1        Europe: Corrugated Board Market, by Key Country

8.1.1.1          Germany: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million)

8.1.1.1.1          Germany: Corrugated Board Market, by Application

8.1.1.2          France: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million)

8.1.1.2.1          France: Corrugated Board Market, by Application

8.1.1.3          Italy: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million)

8.1.1.3.1          Italy: Corrugated Board Market, by Application

8.1.1.4          UK: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million)

8.1.1.4.1          UK: Corrugated Board Market, by Application

8.1.1.5          Russia: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million)

8.1.1.5.1          Russia: Corrugated Board Market, by Application

8.1.1.6          Rest of Europe: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million)

8.1.1.6.1          Rest of Europe: Corrugated Board Market, by Application

9.          Impact of COVID-19 on Europe Corrugated Boards Market

9.1        Overview

10.       Industry Landscape

10.1      Overview

10.2      Merger & Acquisition

10.3      Business Planning and Strategy

10.4      Expansion & Collaboration

10.5      Product News

11.       Company Profiles

11.1      Smurfit Kappa

11.1.1     Key Facts

11.1.2     Business Description

11.1.3     Products and Services

11.1.4     Financial Overview

11.1.5     SWOT Analysis

11.1.6     Key Developments

11.2      Klabin S.A.

11.2.1     Key Facts

11.2.2     Business Description

11.2.3     Products and Services

11.2.4     Financial Overview

11.2.5     SWOT Analysis

11.2.6     Key Developments

11.3      WestRock Company

11.3.1     Key Facts

11.3.2     Business Description

11.3.3     Products and Services

11.3.4     Financial Overview

11.3.5     SWOT Analysis

11.3.6     Key Developments

11.4      International Paper

11.4.1     Key Facts

11.4.2     Business Description

11.4.3     Products and Services

11.4.4     Financial Overview

11.4.5     SWOT Analysis

11.4.6     Key Developments

11.5      Arcor

11.5.1     Key Facts

11.5.2     Business Description

11.5.3     Products and Services

11.5.4     Financial Overview

11.5.5     SWOT Analysis

11.5.6     Key Developments

11.6      Klingele Papierwerke GmbH & Co. KG

11.6.1     Key Facts

11.6.2     Business Description

11.6.3     Products and Services

11.6.4     Financial Overview

11.6.5     SWOT Analysis

11.6.6     Key Developments

11.7      Mondi

11.7.1     Key Facts

11.7.2     Business Description

11.7.3     Products and Services

11.7.4     Financial Overview

11.7.5     SWOT Analysis

11.7.6     Key Developments

11.8      NIPPON PAPER INDUSTRIES CO., LTD.

11.8.1     Key Facts

11.8.2     Business Description

11.8.3     Products and Services

11.8.4     Financial Overview

11.8.5     SWOT Analysis

11.8.6     Key Developments

12.       Appendix

12.1      About The Insight Partners

12.2      Glossary

LIST OF TABLES

Table 1.            Europe Corrugated Boards Market –Revenue and Forecast to 2028 (US$ Million)

Table 2.            Germany Corrugated Board Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 3.            France Corrugated Board Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 4.            Italy Corrugated Board Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 5.            UK Corrugated Board Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 6.            Russia Corrugated Board Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 7.            Rest of Europe Corrugated Board Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 8.            Glossary of Terms, Corrugated Board Market

 


LIST OF FIGURES

Figure 1.           Europe Corrugated Boards Market Segmentation

Figure 2.           Europe Corrugated Boards Market Segmentation – By Country

Figure 3.           Europe Corrugated Boards Market Overview

Figure 4.           Food and Beverage Segment Held the Largest Share of the Europe Corrugated Boards Market

Figure 5.           Germany Held Largest Share of Europe Corrugated Boards Market

Figure 6.           Europe Corrugated Boards Market, Key Market Players

Figure 7.           Porter ‘s Five Forces Analysis for Europe Corrugated Board Market

Figure 8.           Expert Opinion

Figure 9.           Europe Corrugated board Market – Ecosystem Analysis

Figure 10.        Europe Corrugated Board Market Impact Analysis of Drivers and Restraints

Figure 11.        Europe: Corrugated Boards Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12.        Europe Corrugated Board Market Revenue Share, by Application (2020 and 2028)

Figure 13.        Food and Beverages: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14.        Processed Food Industry: Corrugated Boards Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15.        Fresh Fruit and Vegetable Packaging: Corrugated Boards Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.        Others: Corrugated Boards Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17.        E-Commerce: Corrugated Boards Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18.        Consumer Durables: Corrugated Boards Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Electricals and Electronics: Corrugated Boards Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        Others: Corrugated Boards Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21.        Geographic Overview of Europe Corrugated Boards Market

Figure 22.        Europe: Corrugated Board Market Revenue Share, by Key Country (2020 and 2028)

Figure 23.        Germany: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        France: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        Italy: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        UK: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27.        Russia: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28.        Rest of Europe: Corrugated Board Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29.        Impact of COVID-19 Pandemic on Europe Corrugated Board Market

  1. Klabin S.A.                                                                            
  2. International Paper                                                            
  3. Arcor                                                                                     
  4. Mondi                                                                                   
  5. NIPPON PAPER INDUSTRIES CO., LTD.                            
  6. Smurfit Kappa                                                                       
  7. WestRock Company
  8. Klingele Papierwerke GmbH & Co. KG       
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe corrugated boards market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Europe corrugated boards market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the corrugated boards market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution  
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