Global Corrugated Box Market Factors at Play through 2022

The global corrugated boxes market is currently projected to be in an immensely fragmented and competitive market scenario, said an analyst for Transparency Market Research (TMR) to Globe Newswire earlier this week (Feb. 12). The market was said to consist of several big and small players all across the globe. Key players in the market were said to be competing mainly as per the price differentiation and product portfolios (as opposed to quality which has become more generally uniform among producers). Furthermore, it was noted in this week's release that larger / major firms are focusing heavily on improving reach by launching new products and production ideas directed towards developing countries and emerging market economies home to populations using many disposable paper products affordable for the first time during recent years.

TMR (Albany, N.Y., USA) believes that the market is likely to experience tough pricing competition among producers in upcoming years due to the emergence of new prominent players. This week's release noted that some of the leading western players operating in the global corrugated boxes market as of the beginning of 2019 are Stora Enso, Smurfit Kappa, International Paper, Sonoco, and Pratt Industries.

TMR's corresponding most recent study on the global corrugated box market was completed in Oct. 2017 and their analyst quoted this week still believes that overall market growth is predicted to continue a steady growth over the next three years within a total six-year period CAGR of 3.69% from 2017 through 2022. Back in 2017 the market was valued by TMR to be near $96.6 billion. By 2022-end, the global market is still estimated to reach an approximate worth of $115.15 billion.

As stated by other market research firms quoted by OTW, TMR believes the food and beverage segment is the clear leader across the global corrugated boxes market during current forecast periods (2017-2019 to early-mid 2020s).
Also consistent with other firm's projections is an estimate for significant progress coming from the growth of e-commerce during forecast periods extending to the early-mid 2020s.
In line with the current wood pulp and paper product published pricing increase trend OTW has been following becoming more significant during the past couple of years (2017-2019), TMR's anaylist this week noted that though the corrugated box market seems to be brimming with opportunity, there might be considerable obstruction owing to rise in cost of corrugated boxes through 2022.

This week's press release further noted that TMR "successfully predicted" a more steady global growth rate in their private access full study (available for purchase - 170 pages) from 2017 than some firms which had predicted a more bullish outlook during the same or similar forecast periods. The current consensus (early 2019) is that the global corrugated box market is indeed becoming more steady than explosive (as some fringe predictions indicated mid-2018) in new growth as we enter the early 2020s due to factors such as an increase in the price for raw materials, and to a lesser degree, the unforeseen burden of new environmental regulations. However, growth is still considered to be very good.