Micro Flute Paper Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Micro Flute Paper Market
The micro flute paper market size was valued at USD 66.81 billion in 2021, and the market is now projected to grow from USD 70.53 billion in 2022 to USD 104.35 billion by 2029, exhibiting a CAGR of 5.8% during the forecast period of 2022-2029.
Pandemic seriously impacted the global micro flute paper market growth, specifically in China and India. Manufacturers faced restrictions in mobility and unavailability of manpower, hindering marketplace growth. However, post-pandemic, demand for corrugated bins has barely increased in nations like the U.S., the U.K., India, and China. Rapid boom within the e-trade quarter has considerably boosted the product. A countrywide survey by means of DS Smith suggests that 85% of U.S. Clients will decide upon online purchasing, indicating growth in micro flute products throughout or after the pandemic. This shows a capability marketplace stabilization over the following few years.
Consumer interest in online shopping has accelerated the call for eco-friendly packaging, with purchasers who prefer instructions on programs. Research through BillerudKorsnäs shows that purchasers demand for information about packaging and recycling in the UK. Logistics carrier providers are searching out suit-to-product technology to maximize to be had space for warehousing and shipping boxes. Countries banning plastic packaging have created opportunities for brand spanking new and existing manufacturers inside the packing industry. Environmental troubles, government policies, and the eco-friendly nature of flute papers are using cease-users to adopt micro flute merchandise, indicating a marketplace growth in this area at some stage in the forecast period.
The immoderate use of non-degradable packaging, along with plastic, has negatively impacted the planet. Countries like Denmark and China have imposed taxes on plastic packaging to deter purchasers from using it. This has brought about multiplied consciousness and adoption of eco-friendly products. This has put stress on packaging providers to design micro flute packaging globally. The e-trade industry's rapid expansion and technological innovation may also offer marketplace growth opportunities.
Comprehensive Analysis of Micro Flute Paper Market
Micro flute paper market segments include A-Flute, B-Flute, C-Flute, E-Flute, and F-Flute. C-Flute is the largest market share in 2021 and is expected to continue growing due to its ease of handling in the food & beverage industry. The paper offers 41 flutes per linear foot, making it suitable for packaging containers and creating dedicated packaging solutions. It also provides a good printing surface for artistic labels. The marketplace can be segmented into meals and liquids, non-public care and cosmetics, and commercial. The meals and beverage enterprise is making an investment in number one packaging to attract purchasers with ornamental techniques like etching, hot stamping, screen printing, and brand identification. Personal care & cosmetics, industrial, and other segments have high consumption due to cost-effectiveness and recyclability. Corrugated boxes are the largest recyclable product category in the U.S.
The Asia Pacific region lead the micro flute paper market share by benefitting a market size of USD 29.14 billion in 2021 due to way of rapid industrialization and technological advancements. China and India have the highest populations, resulting in high demand for client merchandise. The region is adopting new technology and partnering with superior businesses in Europe and North America. Factors along with micro flute paper production, studies, and the food
Mondi Group, WestRock Company, International Paper Company, and Smurfit Kappa Group are key producers within the marketplace, with Mondi Group being a micro flute paper and containerboard manufacturer with an integrated value chain. Other key corporations include DS Smith, Van Genechten Packaging, Mondi Group, International Paper, Smurfit Kappa, WestRock Company, Netpa_k, Hamburger Containerboard, Acme Corrugated Box, and MM Group. Mondi Group's included cost chain includes licensed forests, green production procedures, sustainable packaging, and recycling.
MM Group completed the acquisition of Kotkamills, Finland, which was agreed upon in December 2020 after receiving approval from all relevant competition authorities.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2018-2029
Base Year
2021
Estimated Year
2022
Forecast Period
2022-2029
Historical Period
2018-2020
Unit
Value (USD Billion); Volume (Million Ton)
Segmentation
By Flute Type, End-use, and Geography
By Flute Type
A-Flute
B-Flute
C-Flute
E-Flute
F-Flute
Others
By End-use
Food & Beverage
Personal Care & Cosmetics
Industrial
Others
By Geography
North America (By Flute Type, By End-use, By Country)
- U.S. (By End-use)
- Canada (By End-use)
- Germany (By End-use)
- U.K. (By End-use)
- France (By End-use)
- Italy (By End-use)
- Spain (By End-use)
- Rest of Europe (By End-use)
- China (By End-use)
- India (By End-use)
- Japan (By End-use)
- Rest of Asia Pacific (By End-use)
- Brazil (By End-use)
- Mexico (By End-use)
- Rest of Latin America (By End-use)
- GCC (By End-use)
- Rest of Middle East & Africa (By End-use)
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Market Trends in the Global Market
- 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
- 4.3. Latest Technological Advancement
- 4.4. Insights on Regulatory Scenario
- 4.5. Porters Five Forces Analysis
- 5. Qualitative Insights – Impact of COVID-19 on Global Micro Flute Paper Market
- 5.1. Supply Chain Challenges
- 5.2. Steps taken by Government/Companies to overcome this impact
- 5.3. Potential opportunities due to COVID-19 outbreak
- 6. Global Micro Flute Paper Market Analysis, Insights and Forecast, 2018-2029
- 6.1. Key Findings / Summary
- 6.2. By Flute Type (Value/Volume)
- 6.2.1. A-Flute
- 6.2.2. B-Flute
- 6.2.3. C-Flute
- 6.2.4. E-Flute
- 6.2.5. F-Flute
- 6.2.6. Others
- 6.3. By End-use (Value/Volume)
- 6.3.1. Food & Beverage
- 6.3.2. Personal Care & Cosmetics
- 6.3.3. Industrial
- 6.3.4. Others
- 6.4. By Region (Value/Volume)
- 6.4.1. North America
- 6.4.2. Europe
- 6.4.3. Asia Pacific
- 6.4.4. Latin America
- 6.4.5. Middle East & Africa
- 7. North America Micro Flute Paper Market Analysis, Insights and Forecast, 2018-2029
- 7.1. Key Findings / Summary
- 7.2. By Flute Type (Value/Volume)
- 7.2.1. A-Flute
- 7.2.2. B-Flute
- 7.2.3. C-Flute
- 7.2.4. E-Flute
- 7.2.5. F-Flute
- 7.2.6. Others
- 7.3. By End-use (Value/Volume)
- 7.3.1. Food & Beverage
- 7.3.2. Personal Care & Cosmetics
- 7.3.3. Industrial
- 7.3.4. Others
- 7.4. By Country
- 7.4.1. U.S.
- 7.4.1.1. By End-use (Value/Volume)
- 7.4.1.1.1. Food & Beverage
- 7.4.1.1.2. Personal Care & Cosmetics
- 7.4.1.1.3. Industrial
- 7.4.1.1.4. Others
- 7.4.2. Canada
- 7.4.2.1. By End-use (Value/Volume)
- 7.4.2.1.1. Food & Beverage
- 7.4.2.1.2. Personal Care & Cosmetics
- 7.4.2.1.3. Industrial
- 7.4.2.1.4. Others
- 8. Europe Micro Flute Paper Market Analysis, Insights and Forecast, 2018-2029
- 8.1. Key Findings / Summary
- 8.2. By Flute Type (Value/Volume)
- 8.2.1. A-Flute
- 8.2.2. B-Flute
- 8.2.3. C-Flute
- 8.2.4. E-Flute
- 8.2.5. F-Flute
- 8.2.6. Others
- 8.3. By End-use (Value/Volume)
- 8.3.1. Food & Beverage
- 8.3.2. Personal Care & Cosmetics
- 8.3.3. Industrial
- 8.3.4. Others
- 8.4. By Country (Value/Volume)
- 8.4.1. Germany
- 8.4.1.1. By End-use (Value/Volume)
- 8.4.1.1.1. Food & Beverage
- 8.4.1.1.2. Personal Care & Cosmetics
- 8.4.1.1.3. Industrial
- 8.4.1.1.4. Others
- 8.4.2. U.K.
- 8.4.2.1. By End-use (Value/Volume)
- 8.4.2.1.1. Food & Beverage
- 8.4.2.1.2. Personal Care & Cosmetics
- 8.4.2.1.3. Industrial
- 8.4.2.1.4. Others
- 8.4.3. France
- 8.4.3.1. By End-use (Value/Volume)
- 8.4.3.1.1. Food & Beverage
- 8.4.3.1.2. Personal Care & Cosmetics
- 8.4.3.1.3. Industrial
- 8.4.3.1.4. Others
- 8.4.4. Italy
- 8.4.4.1. By End-use (Value/Volume)
- 8.4.4.1.1. Food & Beverage
- 8.4.4.1.2. Personal Care & Cosmetics
- 8.4.4.1.3. Industrial
- 8.4.4.1.4. Others
- 8.4.5. Spain
- 8.4.5.1. By End-use (Value/Volume)
- 8.4.5.1.1. Food & Beverage
- 8.4.5.1.2. Personal Care & Cosmetics
- 8.4.5.1.3. Industrial
- 8.4.5.1.4. Others
- 8.4.6. Rest of Europe
- 8.4.6.1. By End-use (Value/Volume)
- 8.4.6.1.1. Food & Beverage
- 8.4.6.1.2. Personal Care & Cosmetics
- 8.4.6.1.3. Industrial
- 8.4.6.1.4. Others
- 9. Asia-Pacific Micro Flute Paper Market Analysis, Insights and Forecast, 2018-2029
- 9.1. Key Findings / Summary
- 9.2. By Flute Type (Value/Volume)
- 9.2.1. A-Flute
- 9.2.2. B-Flute
- 9.2.3. C-Flute
- 9.2.4. E-Flute
- 9.2.5. F-Flute
- 9.2.6. Others
- 9.3. By End-use (Value/Volume)
- 9.3.1. Food & Beverage
- 9.3.2. Personal Care & Cosmetics
- 9.3.3. Industrial
- 9.3.4. Others
- 9.4. By Country (Value/Volume)
- 9.4.1. China
- 9.4.1.1. By End-use (Value/Volume)
- 9.4.1.1.1. Food & Beverage
- 9.4.1.1.2. Personal Care & Cosmetics
- 9.4.1.1.3. Industrial
- 9.4.1.1.4. Others
- 9.4.2. India
- 9.4.2.1. By End-use (Value/Volume)
- 9.4.2.1.1. Food & Beverage
- 9.4.2.1.2. Personal Care & Cosmetics
- 9.4.2.1.3. Industrial
- 9.4.2.1.4. Others
- 9.4.3. Japan
- 9.4.3.1. By End-use (Value/Volume)
- 9.4.3.1.1. Food & Beverage
- 9.4.3.1.2. Personal Care & Cosmetics
- 9.4.3.1.3. Industrial
- 9.4.3.1.4. Others
- 9.4.4. Rest of Asia-Pacific
- 9.4.4.1. By End-use (Value/Volume)
- 9.4.4.1.1. Food & Beverage
- 9.4.4.1.2. Personal Care & Cosmetics
- 9.4.4.1.3. Industrial
- 9.4.4.1.4. Others
- 10. Latin America Micro Flute Paper Market Analysis, Insights and Forecast, 2018-2029
- 10.1. Key Findings / Summary
- 10.2. By Flute Type (Value/Volume)
- 10.2.1. A-Flute
- 10.2.2. B-Flute
- 10.2.3. C-Flute
- 10.2.4. E-Flute
- 10.2.5. F-Flute
- 10.2.6. Others
- 10.3. By End-use (Value/Volume)
- 10.3.1. Food & Beverage
- 10.3.2. Personal Care & Cosmetics
- 10.3.3. Industrial
- 10.3.4. Others
- 10.4. By Country (Value/Volume)
- 10.4.1. Brazil
- 10.4.1.1. By End-use (Value/Volume)
- 10.4.1.1.1. Food & Beverage
- 10.4.1.1.2. Personal Care & Cosmetics
- 10.4.1.1.3. Industrial
- 10.4.1.1.4. Others
- 10.4.2. Mexico
- 10.4.2.1. By End-use (Value/Volume)
- 10.4.2.1.1. Food & Beverage
- 10.4.2.1.2. Personal Care & Cosmetics
- 10.4.2.1.3. Industrial
- 10.4.2.1.4. Others
- 10.4.3. Rest of Latin America
- 10.4.3.1. By End-use (Value/Volume)
- 10.4.3.1.1. Food & Beverage
- 10.4.3.1.2. Personal Care & Cosmetics
- 10.4.3.1.3. Industrial
- 10.4.3.1.4. Others
- 11. Middle East & Africa Micro Flute Paper Market Analysis, Insights and Forecast, 2018-2029
- 11.1. Key Findings / Summary
- 11.2. By Flute Type (Value/Volume)
- 11.2.1. A-Flute
- 11.2.2. B-Flute
- 11.2.3. C-Flute
- 11.2.4. E-Flute
- 11.2.5. F-Flute
- 11.2.6. Others
- 11.3. By End-use (Value/Volume)
- 11.3.1. Food & Beverage
- 11.3.2. Personal Care & Cosmetics
- 11.3.3. Industrial
- 11.3.4. Others
- 11.4. By Country (Value/Volume)
- 11.4.1. GCC
- 11.4.1.1. By End-use (Value/Volume)
- 11.4.1.1.1. Food & Beverage
- 11.4.1.1.2. Personal Care & Cosmetics
- 11.4.1.1.3. Industrial
- 11.4.1.1.4. Others
- 11.4.2. Rest of the Middle East & Africa
- 11.4.2.1. By End-use (Value/Volume)
- 11.4.2.1.1. Food & Beverage
- 11.4.2.1.2. Personal Care & Cosmetics
- 11.4.2.1.3. Industrial
- 11.4.2.1.4. Others
- 12. Company Profiles
- 12.1. DS Smith
- 12.1.1. Overview
- 12.1.2. Description
- 12.1.3. Product Portfolio
- 12.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.5. Recent Developments
- 12.2. Van Genechten Packaging
- 12.2.1. Overview
- 12.2.2. Description
- 12.2.3. Product Portfolio
- 12.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5. Recent Developments
- 12.3. Mondi Group
- 12.3.1. Overview
- 12.3.2. Description
- 12.3.3. Product Portfolio
- 12.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.5. Recent Developments
- 12.4. International Paper
- 12.4.1. Overview
- 12.4.2. Description
- 12.4.3. Product Portfolio
- 12.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.4.5. Recent Developments
- 12.5. Smurfit Kappa
- 12.5.1. Overview
- 12.5.2. Description
- 12.5.3. Product Portfolio
- 12.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.5.5. Recent Developments
- 12.6. WestRock Company
- 12.6.1. Overview
- 12.6.2. Description
- 12.6.3. Product Portfolio
- 12.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.6.5. Recent Developments
- 12.7. Netpak
- 12.7.1. Overview
- 12.7.2. Description
- 12.7.3. Product Portfolio
- 12.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.7.5. Recent Developments
- 12.8. Hamburger Containerboard
- 12.8.1. Overview
- 12.8.2. Description
- 12.8.3. Product Portfolio
- 12.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.8.5. Recent Developments
- 12.9. Acme Corrugated Box Co., Inc.
- 12.9.1. Overview
- 12.9.2. Description
- 12.9.3. Product Portfolio
- 12.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.9.5. Recent Developments
- 12.10. MM Group
- 12.10.1. Overview
- 12.10.2. Description
- 12.10.3. Product Portfolio
- 12.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.10.5. Recent Developments
- 13. Strategic Recommendations
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