EMEA Corrugated Board Packaging Market Size

EMEA Corrugated Board Packaging Market Analysis

The EMEA Corrugated Board Packaging Market is expected to grow at a CAGR of 5.7% over the forecast period (2021 - 2026). Factors such as growing demand for fresh food & beverages, home & personal products, logistics application, electronic goods, building consumer awareness towards sustainable packaging, and growth of the e-commerce industry has led to a regular progression in the corrugated box demand in EMEA during the review period.

• For instance, according to Goldman Sachs, e-commerce sales as a percentage of the gross domestic product in the Middle East, and Africa increased from 0.04% in 2009 to 0.12% in 2018. In 2013, B2C e-commerce accounted for 0.07% of the GDP in the Middle East and Africa.
• Multiple firms have been growing their reach with a rise in manufacturing capabilities within EMEA. For instance, in April 2020, DS Smith opened a new manufacturing plant in Lebanon. The plant is dedicated to producing corrugated packaging boxes. The 550,000 sq. Ft facility can provide 30,000 boxes/hour and 2 billion sq. Ft of recyclable packaging a year. This expansion increases the company's manufacturing capabilities.
• The processed Food segment has controlled EMEA corrugated market in terms of use. The sector has led the overall market due to the massive prerequisite of the foodstuffs to be packed, stored, and transported to various places for consumption within and outside Europe & MEA.
• Germany has ruled the European corrugated box market. Pharmaceutical, Automotive, Food, and Electronics industries are the principal industries present in the country, and therefore, the need for corrugated boxes from these industries is high.
• For instance, as per the Federal Statistical Office of Germany, it is projected that the revenue of the manufacture of corrugated paper and paperboard and containers of paper and cardboard in Germany will amount to approximately 24.03 USD billion by 2023.
• Corrugated packing is among the most cost-effective packaging solutions for various industries. However, specific limitations such as low strength and poor barrier properties of corrugated material restrict its use in many applications in the region.
• Moreover, moist and humid weather decreases the firmness and strength of corrugated boxes. Corrugated packing also has poor fire resistibility. Hence, the low strength of corrugated materials and poor barrier properties hinders the corrugated packaging market growth.