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Ken Research unveils report on Europe corrugated box mkt outlook to ’22
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Monday, 26 November, 2018, 12 : 00 PM [IST]
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Ken Research released a report titled Europe Corrugated Box Market Outlook To 2022, categorising the boxes by box type (die-cut, full telescope box, partial telescope box, corrugated tray and corrugated corner pads) and by end user (foodstuffs, corrugated board converters, agricultural produce and fresh food, beverages and others). It provides a comprehensive analysis on the European corrugated box demand and supply gap.
It covered the introduction and genesis; market size by revenue, segmentation by type of box (B Flute, BC Flute, E Flute and others), by end user (FMCG, automotive, textiles, electronics and appliances and others), by countries (Germany, the United Kingdom, France, Spain, Italy, Poland, Turkey and others) and by type of box (die-cut and others).
The report mapped out major players, including Smurfit Kappa, DS Smith, International Paper, Mondi, West Rock, Saica, Model, Dunapack Packaging and Palm Verpackungsgruppe. It also covered value chain analysis, investment model to set up a corrugated box plant in Europe, government regulations, buying decision parameters and snapshot on Kraft paper market.
It will help to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. It is useful for Kraft paper manufacturers, corrugated box producers, e-commerce merchants, investors, potential entrants and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
Europe corrugated market size and overview
Total shipments of corrugated box including non-European Union (EU) members have increased at a small pace in the last five years. Factors such as aggregating demand for fresh food and beverages, home and personal products, electronic goods, logistics applications, increasing consumer awareness towards sustainable packaging and growth of the e-commerce industry has led to a gradual progression in the corrugated box demand in Europe during the review period.
Various companies have been expanding their reach with rise in manufacturing capabilities within Europe and abroad. For instance, in 2017, DS Smith acquired Interstate Resources and entered the United States corrugated market. The market has been consolidating primarily due to increased margin pressure and amalgamated consumer base. Major countries witnessing growth in this market include France, Italy, Spain, Poland, the United Kingdom and Turkey.
Market segmentation
By type of box
In 2017, die-cut type of box has contributed the most to the total number of shipments in Europe. Die-cut corrugated boxes facilitate a swift, safe and easy way of packaging. They are customised according to the shape of goods which has to be stored in to the end users. Other type of boxes includes slotted, full telescope boxes, partial telescope boxes, corrugated trays often used for display purposes and corrugated corner pads used for product support and cushioning.
By end user
In 2017, the foodstuffs segment has dominated the Europe corrugated market in terms of usage. The segment has led the overall market due to the enormous prerequisite of the foodstuffs to be packed, stored and transported to different locations for consumption, within and outside Europe.
Corrugated board converters have accounted for the second largest shipment contribution. The agriculture segment followed the corrugated board convertors category. With the increase in agricultural produce, the demand for corrugated packaging has increased. In 2017, the beverage segment followed the agriculture segment in Europe corrugated market. Major beverage manufacturers include Anheuser-Busch InBev, Heineken Holding, Diageo, SAB Miller, Carlsberg, Pernod Ricard and others.
By type of flute
In 2016, B-Flute contributed the maximum share in terms of shipments. It has good cushioning, stacking and printing and is generally used in food packaging, retail packaging, die-cut inserts, beverage trays, wrap around blank, glass-to-glass pack, slip-sheets, point of purchase displays and customized print packaging.
After B-Flute, BC-Flute has contributed the most in terms of shipments, as it combines the properties of both B-Flute and C-Flute. It is double walled and is supposed to be very thick. C-Flute is generally used in shipping cartons, corrugated box displays and is often used in packaging glass products, dairy products and furniture.
E-flute is a substitute of green packaging and is environment friendly. Micro-flute has contributed the minimal share in terms of shipments. Other types of flute include K, D, O, G, A and combined flutes.
By region
Germany has dominated the Europe corrugated box market. The automotive, pharmaceutical, food and electronic industries are the major industries present in the country, and hence, the demand for corrugated boxes from these industries is high.
Italy followed Germany in terms of contribution to the corrugated box market in Europe. Metals, agro-foods, textiles and plastics industries are the major industries present in the country, and hence, the demand for corrugated boxes from these industries is high.
France was also a major contributor to the overall market. Pharmaceuticals, automobiles, textiles and chemical industries are the major industries present in the country, and hence, the demand for corrugated boxes from these industries is high.
Other contributing countries include the Netherlands, the Czech Republic, Austria, Belgium, Romania, Sweden, Hungary, Turkey, Switzerland and Norway.
Competitive landscape
The European corrugated box market is fragmented in nature and is at a growing stage. The market is dominated by players, including DS Smith, Smurfit Kappa, International Paper, Mondi, WestRock, Saica, Model, Dunapack packaging and Palm Verpackungsgruppe.
The market is set for consolidation as the large players are acquiring small players to increase their presence and revenue throughout and outside Europe. Mergers and acquisitions have been common in the considered space and are expected to prevail in the times to come.
Corrugated box manufacturers compete with each other on the basis of different parameters, such as price, products offered, manufacturing facilities, the number of box plants, the number of paper mills, clientele, machinery, reach and presence.
Future analysis and projections
There is no substantial surge in the growth of the corrugated box market in Europe. Expansion of various industries such as foodstuffs, beverages, agricultural produce and fresh food, consumer appliances, textiles, chemicals and related products and others has been anticipated to be the prime reason to push the market forward.
The trend of using lighter container board will continue to be popular in the packaging market. There would be shift in nature of market from fragmented towards consolidation.
Moreover, the trend of green packaging will be in demand and the companies will produce recyclable products. Paper price inflation is expected to continue in Europe until the prices match the global value.
Key segments covered
Type of box
Die-cut and others: Full telescope box, partial telescope box, corrugated tray and corrugated corner pads
Type of end user
Foodstuff, corrugated board converters, agricultural produce, fresh food, beverages and others
Type of flute
B-Flute, BC-Flute, C-Flute, E-Flute, Micro-flute and others
Regions
Germany, Italy, France, Spain, the United Kingdom, Poland, Turkey, the Netherlands, the Czech Republic, Austria, Belgium, Romania, Sweden, Hungary, Switzerland and Norway
Key target audience
Manufacturers of corrugated boxes; importers and exporters of corrugated boxes, traders, distributors, and suppliers of corrugated boxes and end users
Time period captured in the report
Historical period: 2012-2017
Forecast period: 2018-2022
Companies covered
Grigeo, DS Smith, Smurfit Kappa, International Paper, Mondi, WestRock, Saica, Model, Dunapack Packaging and Palm Verpackungsgruppe.
Key topics covered in the report
- Europe corrugated box market introduction
- Europe corrugated box market size; Europe corrugated box market segmentation by type of box (B Flute, BC Flute, E Flute and others), by end user (FMCG, automotive, textiles, electronic appliances and others), by countries (Germany, the UK, France, Spain, Italy, Poland, Turkey and others) and by type of box (die-cut and others)
- Snapshot on Europe Kraft paper market
- Competitive landscape in Europe corrugated box market
- Company profiling for major players in Europe corrugated box market
- Investment model to set up a corrugated box plan in Europe
- Government regulation in Europe corrugated box market
- Buying decision parameters from end-user point
- Europe corrugated box market future outlook and projections
- Analyst recommendations
- Macro-economic factors in Europe corrugated box market
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