Market Share of Carton Board Industry
The Cartonboard market features key players such as Asia Pulp & Paper Group (APP), Mayr-Melnhof Karton AG (MM Group), Nine Dragons Paper Holdings Limited, Westrock Company, and Graphic Packaging Holding Company. These entities are employing strategic maneuvers like partnerships and acquisitions to fortify their product portfolios and secure a lasting competitive edge.
In September 2023, Smurfit WestRock emerged as a sustainability-focused global force following the merger of Smurfit Kappa and WestRock. This consolidation aims to synergize their paper-based packaging businesses, capitalizing on their complementary strengths to establish a formidable presence in sustainable packaging on a global scale.
In April 2023, Mayr-Melnhof Karton AG (MM Group) greenlit a comprehensive investment initiative designed to fortify Poland's major cardboard and paper mill. Valued at approximately EUR 660 million (USD 721.6 million), this three-part plan entails measures to curtail energy and CO2 expenses, integrate pulp resources, and penetrate the sack kraft paper market. These strategic moves are geared toward positioning the plant for sustained long-term viability and environmental sustainability.
Carton Board Market Leaders
Asia Pulp & Paper Group (APP)
Mayr-Melnhof Karton AG (MM Group)
Nine Dragons Paper Holdings Limited
Westrock Company
Graphic Packaging Holding Company
*Disclaimer: Major Players sorted in no particular order
