WestRock Company, International Paper, and Packaging Corporation of America have dominated the Global Corrugated Board Packaging Market in 2022

Global Corrugated Board Packaging Market is expected to grow with the CAGR of 5.7% in the forecast period of 2022 to 2029. The years considered for study are as mentioned below.

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Global corrugated board packaging market is a highly fragmented market, which includes number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global corrugated board packaging market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.

For instance,

  • In August 2021, Mondi rolled out its range of sustainable corrugated packaging solution for online grocery delivery services across Europe. Seven new packaging solution meets the demand for the new packaging solutions for delivery. Company has introduced new product for the delivery purpose during COVID. The market will be nourished by these products for the delivery purpose.
  • In January 2021, International Paper decides to sell off its corrugated packaging business in turkey. The agreement was between International Paper and Mondi Group. To serve the market for an advantage position this agreement was done between the companies. The markets will see improvement in packaging industries.

WestRock Company is the dominating player in the market and the other player include are International Paper, Mondi, Smurfit Kappa, Cascades Inc., Oji Holdings Corporation, Packaging Corporation of America, Sealed Air, Rengo Co., Ltd., DS Smith, NIPPON PAPER INDUSTRIES CO., LTD., NEFAB GROUP, Neway Packaging, Georgia-Pacific, Arabian Packaging Co LLC, Wertheimer Box Corp., Klabin S.A., Klingele Papierwerke GmbH & Co. KG, B Smith Packaging Ltd, and Jonsac AB among others.

Corrugated Board Packaging Market

WestRock Company

The company was founded in 2015, and its headquarters is located in U.S. The company is engaged in providing a wide range of products, including beauty and personal care, beverage, commercial printing, e-commerce across the world. Their product categories and business segments are corrugated packaging and consumer Packaging solution.

For instance

  • In March 2021, WestRock Company has decided to expand its portfolio of automated packaging systems by acquiring Linkx Packaging Systems. This development assisted the company to increase the revenue and production capacity in the future.

The company offers services in Europe, Asia-Pacific, Middle East and Africa, Americas

International Paper

The company was founded in 1898, and its headquarters is located in U.S. The company is engaged in manufacturing fiber-based packaging, pulp, and paper used for packaging industrial and consumer goods. Their products categories and business segments include Industrial Packaging, Global Cellulose Fibers, and Printing Papers.

For instance,

  • In January 2021, International Paper decided to sell off its corrugated packaging business in turkey. The agreement was between International Paper and Mondi Group. This agreement was done between the companies to serve the market for an advantageous position. The markets will see improvement in the packaging industries.

The company offers services in Europe, Asia-Pacific, Middle East and Africa, Americas

Packaging Corporation of America

The company was founded in 1903, and its headquarters is located in the U.S. The company is engaged in manufacturing goods for packaging, transport, and items used to display products of all kinds and storage of products in transit. Their products categories and business segments include Corrugated Containers, Retail Packaging and Displays, e-commerce Packaging Solutions, Heavy-Duty Packaging, Stock Packaging and Supplies, Hexacomb, Falcoboard, Interior Packaging, Freight Saver Dunnage Bags, Printing Capabilities and Containerboard.

For instance,

  • In October 2021, Packaging Corporation of America acquired the assets of Englander (“Englander”), the manufacturer of a corrugated product, by investing USD 56.30 million. This development has helped the company surge revenue in the near future.

The company offers services in Europe, Asia-Pacific, Middle East and Africa, and Americas.