Europe Corrugated Board and Packaging Market Analysis and Forecast (2018-2028)

Europe Corrugated Board and Packaging Market Analysis and Forecast (2018-2028)

Executive Summary

The corrugated board and packaging market in Europe rose from USD 20.0 billion in 2018 to USD 30.8 billion in 2022, registering a CAGR growth of 11% from 2018-2022. The European region is the second-largest producer of pulp and paper globally. Corrugated packaging material are majorly used in the secondary and tertiary packaging for perishable and non-perishable goods such as food and beverage products, consumer durables, electrical and electronic appliances, etc. One of the affordable and adaptable packaging options that helps safeguard a variety of goods, particularly during travel, is corrugated boards. Europe comprises of many developing economies like Germany, Russia, France, the UK, and Italy. Due to the extensive product application potential in the local processed food and electronics sectors, Europe is one of the major markets in the world for corrugated board.

The pandemic has had an adverse effect on the demand for corrugated board in the local market by negatively affecting a number of industry bases including electronics, automotive, food and beverage, and other industrial sectors. However, the rise in e-commerce retail sites' used during the pandemic contributed to a certain extent to the expansion of the corrugated board market.

Throughout the past few years, a variety of factors have contributed to the steady growth of the Europe corrugated board and packaging market. One significant factor is the expansion of Food Industry in Europe.

Food processing is one of the largest manufacturing industries in the European Union (EU). An impressive trade surplus exists within the EU. The demand for food goods packaged in corrugated material has increased as a result of the rise in exports, allowing for the safe and timely delivery of food. More than 40% of the corrugated packaging used in Europe is for the packaging of food goods.

Segmentation in Europe Corrugated Packaging Industry

By Region: The corrugated box market in Europe has been dominated by Germany. The demand for corrugated boxes is significant in the country's key industries, which include the automotive, pharmaceutical, food, and electronics sectors. Italy is Europe's second-largest market for corrugated board and products. The demand for corrugated boxes is considerable in the country's key industries, which include those in metals, agro-foods, textiles, and plastics. Another significant market contributor were France, Spain, the United Kingdom, and other EU economies.

By End user: The major end-users of corrugated packaging in the Europe are: Food and Beverages, Baby Food & Formula Milk, Edible Oil, E- Commerce, and Others. The Food and Beverages industry is one of the largest end-users of corrugated packaging in the European Union. Nearly half of the world's supplies of processed fruits and vegetables are consumed in Europe, the market with the highest volume. Also, Europe is the second-largest market for edible oil worldwide.

Future Outlook

In recent years, there has been some consolidation in the European corrugated business. In order to increase their geographic reach and provide a wider selection of packaging options, bigger players are buying smaller businesses. Corrugated packaging companies in Europe will likely grow in size and competitiveness as a result of this consolidation trend.

Germany has a robust manufacturing infrastructure and is home to several large corrugated packaging companies. German manufacturers have a strong presence in international markets and export their products to various countries within Europe and beyond. This global reach contributes to Germany's market share and influence in the industry. Moreover, with its export oriented economy, the corrugated packaging industry is expected to witness immense growth in the coming years

With growing environmental concerns in recent times, there is an increasing demand for sustainable packaging solutions. Corrugated packaging is highly sustainable as it is made from renewable resources, such as paper, and is easily recyclable. European countries have been focusing on reducing plastic waste and promoting the use of recyclable materials, which bodes well for the corrugated industry.

The corrugated board and packaging market in Europe appears to have a bright future overall. The need for environmentally friendly packaging, as well as the expansion of e-commerce and technology improvements, present potential for the sector to prosper. Corrugated producers may take advantage of these chances and maintain their competitiveness in the changing packaging landscape by continuing to be creative and responsive to market changes.

Scope of the Study

Makreo research has published study on Corrugated Packaging Market titled, “Europe Corrugated Board and Packaging Market Analysis and Forecast (2018-2028)”. Market assessment has been carried out using qualitative and quantitative methods and have combined the impact of trade and micro economic scenario. The market has witnessed many shifts in recent past after the COVID-19 outburst that given a suggest push in the market therefore, we have studied the performance of eCommerce Industry which has given a significant push to the corrugated box demand as well as Competition has also been studied to verify our assessment. Future outlook has been assessed keeping various influencing factors into consideration and also to assess the expected opportunities in the market.

Segmentation Covered:

By Region: Germany, Italy, Spain, United Kingdom

By End Users: Food & Beverages, E-Commerce, Paper & Paper Products, Other End Users

Key Questions Answered

1.How Europe Corrugated Board and Packaging Market has performed in the past and what is the expected future growth prospects?

2.What are the key factors driving the Europe Corrugated Board and Packaging Market?

3.What is the total market revenue of Europe Corrugated Board and Packaging Market?

4.What is the breakup of Europe Corrugated Board and Packaging Market based on end users?

5.What are the major region in the Europe Corrugated Board and Packaging Market?

6.Who are the leading producers and manufacturers in Europe Corrugated Board and Packaging Market and what is the price scenario?

7.Who are the major players in the Europe Corrugated Board and Packaging Market?

8.What are the future opportunities that will drive the Europe Corrugated Board and Packaging Market?