Micro Flute Paper Market Forecasts to 2028 - Global Analysis By Product (A-Flute, B-Flute, C-Flute, D Flute, E Flute, F Flute and N Flute), Material (Virgin and Recycled), Basis Weight (Upto 100 GSM, 100 to 175 GSM, 175 GSM to 250 GSM and Above 250 GSM),

Micro Flute Paper Market Forecasts to 2028 - Global Analysis By Product (A-Flute, B-Flute, C-Flute, D Flute, E Flute, F Flute and N Flute), Material (Virgin and Recycled), Basis Weight (Upto 100 GSM, 100 to 175 GSM, 175 GSM to 250 GSM and Above 250 GSM), End User (Medical & Pharmaceuticals, Food & Beverages, Personal Care & Cosmetics, Consumer Durable Electronic Goods, Industrial and Other End Users) and Geography

According to Stratistics MRC, the Global Micro Flute Paper Market is accounted for $72.02 billion in 2022 and is expected to reach $113.02 billion by 2028 growing at a CAGR of 7.8% during the forecast period. Microflute paper is a corrugated sheet with waves that is placed between one or more linerboards. The thickness and quantity of flutes per liner foot are used to identify different types of liner boards. The paper is an adequate replacement for plastic packaging because it is affordable, lightweight, suitable for the product, and environmentally friendly.

According to the Cosmetics Europe-the Personal Care Association, this industry annually brings at least USD 28.7 billion to the European economy. This led to higher consumption of corrugated packaging. Moreover, companies in Europe are investing in beauty and personal care brands and R&D activities, supporting the market growth.

Market Dynamics:

Driver:

Increased Inclination towards Sustainability

Leading packaging companies that compete in the global micro flute paper market are constantly aiming to increase recycling efforts and reduce excessive carbon footprints. Furthermore, micro flute paper is one of the effective substitutes for non-recyclable packaging and enables packaging manufacturers to achieve their sustainability goals while also providing attractive prospects to market participants over the course of the projection period.

Restraint:

Regulations by the Government

Government regulations, resource exploitation, and the durability of the micro flute paper are a few of the factors that hinder the growth of the micro flute market. Furthermore, different woods are primarily utilised in the manufacturing of virgin micro flute paper. Additionally, harmful and greenhouse gases such as carbon dioxide, methane, and water vapour are released during the manufacturing process. Governments have strict rules regulating tree removal and the production of paper. Therefore, the abovementioned problems may prevent product adoption and limit the expansion of the micro flute paper market.

Opportunity:

Popularity of Digital Printing

Due to digital printing's impact on the worldwide packaging sector, brand owners have a wider range of opportunities to promote their marketing and branding campaigns. The concept that corrugated packaging, including microflute paper packaging, provides such a wide range of printing options helps to increase the appeal of micro flute paper among end-users. Moreover, the F and N-type micro flute papers enhance the appearance of packaged products and have outstanding printing-quality surfaces.

Threat:

Low Fire Resistance and Mechanical Strength

As corrugated paper, which is porous and has a tendency to catch fire rapidly, is used to produce micro flute paper, low fire resistance is its major drawback. This might harm stored products and cause significant financial losses for the companies. This factor to a certain extent, hinder the widespread use of micro flute paper. Additionally, the micro flute paper's durability is lower compared to alternative metal and plastic packaging solutions. As a result, only lightweight products may benefit from micro flute paper-based packaging. By using double and triple-wall micro flute boxes, the mechanical strength of paper-based packaging made of micro flute can be enhanced.

Covid-19 Impact

Almost every nation in the world was affected by the COVID-19 pandemic. The two countries most affected were China and India. Mobility restrictions had a significant impact on manufacturers in both countries. Furthermore, because of the lockdown, there was no manpower available for the manufacturers to transfer raw materials. This aspect had an impact on product production, which restrained market expansion. The micro flute market has benefited from the post-pandemic effect. While the overall market has suffered, demand for corrugated boxes has increased slightly in nations including the U.S., U.K., India, and China. The e-commerce industry's rapid rise significantly increased the product's sales.

The C-Flute segment is expected to be the largest during the forecast period

C-Flute accounted for the largest market share of micro flute paper, and it is anticipated that this segment would continue to expand at the largest rate during the forecast period. The adoption of shelf-ready packaging based on C-Flute type in the food and beverage industries is characterised by this growth. Because of the ease of handling the products, this type of food packaging is preferred by many consumers, especially supermarkets. Furthermore, C-type paper has 41 flutes per linear foot, which makes it suitable for packaging containers and developing specialised packaging solutions. Additionally, it offers a good printing surface for creating innovative labels that attract customers. Therefore, during the predicted time period, such factors will boost demand for C-flutes.

The Food & Beverages segment is expected to have the highest CAGR during the forecast period

During the forecast period, the Food & Beverage segment is expected to have the highest CAGR as consumers' purchasing habits have changed, which results in the industry's continuous rise in online shopping and e-commerce. Over the last decade, consumers have increased their demand for more information on packaging labels, and digital printing has grown in popularity. Because of this, the food and beverage industry is planning to invest in primary packaging to attract customers by using decorative techniques including etching, hot stamping, and screen printing and assisting in the interpretation of the product's brand identity.

Region with largest share:

During the forecast period, Asia Pacific is expected to hold the largest market share for Micro Flute Paper due to the presence of highly populated nations like China and India, rising urbanisation, and increasing per capita income in the nations, which would promote the expansion of the packaging sector in Asia Pacific and subsequently Micro Flute Paper.

Region with highest CAGR:

Due to technical advancements like blockchain, machine learning, artificial intelligence, and the Internet of Things (IoT), the region is expanding rapidly, and Asia Pacific is predicted to have the highest CAGR during the projection period. Additionally, because of their low cost of energy and labour and high worker productivity, a large number of paper mills in Asia are ideally positioned on the cost curve of the world's Micro Flute Paper industry.

Key players in the market

Some of the key players in Micro Flute Paper market include Novolex Holdings, Inc, Cascades Sonoco, Inc, Netpak, Smurfit Kappa Group Plc, Acme Corrugated Box Co. Inc, KRPA Holding CZ, a.s, DS Smith Plc, Al Kifah Paper Products Co, Braepac Packaging, Independent Corrugator Inc. (ICI), CartonHub, Mayr-Melnhof Packaging (MM Packaging), Stora Enso Oyj, GWP Group Ltd, WestRock Company, Hamburger Containerboard, MM Group, International Paper, Mondi Group and Van Genechten Packaging

Key Developments:

In August 2021, MM Group completed the acquisition of Kotkamills, Finland, which was agreed upon in December 2020 after receiving approval from all relevant competition authorities.

Products Covered:
• A-Flute
• B-Flute
• C-Flute
• D Flute
• E Flute
• F Flute
• N Flute

Materials Covered:
• Virgin
• Recycled

Basis Weights Covered:
• Upto 100 GSM
• 100 to 175 GSM
• 175 GSM to 250 GSM
• Above 250 GSM

End Users Covered:
• Medical & Pharmaceuticals
• Food & Beverages
• Personal Care & Cosmetics
• Consumer Durable Electronic Goods
• Industrial
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements