International Paper, Klingele Papierwerke GmbH & Co. KG and Klabin S.A. are Dominating the Global Corrugated Box Market in 2021

Global Corrugated Box  Market is expected to grow with the CAGR of 5.8% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

Access Full Report @ https://www.databridgemarketresearch.com/reports/global-corrugated-boxes-market

Global corrugated box market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global corrugated box market are introducing strong range of products provider along with launching new products and adopting strategic initiative such as acquisition, agreement, business expansion, award and recognition into the market. This helped companies to maximize the sales with enhanced product portfolio.

For instance:

  • In June 2018, International Paper has decided to collaborate with the World Wildlife Fund (WWF) for the development of science-based targets. This development has assisted the company to upsurge the revenue in near future.

International Paper is the dominating player in global corrugated box market. The other key players existing in the market are Mondi, WestRock Company, Stora Enso, Rengo Co., Ltd., Industrial Development Company sal, Nine Dragons Worldwide (China) Investment Group Co., Ltd., Klabin S.A., Cascades inc., Neway Packaging., EmenacPackaging, Klingele Papierwerke GmbH & Co. KG, Smurfit Kappa, DS Smith, Georgia-Pacific, VPK Group NV, Packaging Corporation of America, Oji Holdings Corporation, Western Container Corporation, Wertheimer Box Corp. and Arabian Packaging Co LLC among others.

Corrugated Box Market

International Paper

International Paper is headquartered in Tennessee, U.S. and was established in 1964. The company is engaged in the manufacturing of fiber-based packaging, pulp and paper which are used for packaging of industrial and consumer goods. The company has several business segments including industrial packaging, global cellulose fibers and printing paper in which industrial packaging is the market focused segment.

For instance,

  • In February 2020, International Paper has been recognized by the Ethisphere as the most ethical company for the year. This development helps company to increase the goodwill in the market.

The company has wide presence across Asia, Europe, North America, South America and Middle East and Africa. The company also has various subsidiary companies including Temple-Inland (U.S.), Hammermill Paper Company (U.S.), Olmuksan International Paper (Turkey), Cartonajes Union S.L. (Spain), and Cartonajes International, S.L. (Spain) among others.

Klingele Papierwerke GmbH & Co. KG    

Klingele Papierwerke GmbH & Co. KG was founded in the year 1920 and is headquartered in Remshalden, Germany. The company is engaged in the manufacturing of corrugated base paper based on waste paper and sustainable fresh fibre, corrugated sheet boards and corrugated boxes. The company has two product categories which are packaging and paper in which packaging is the market focused category.

For instance,

  • In November 2018, Klingele Papierwerke GmbH & Co. KG has acquired Gomà family in the Spanish Ondunova Group, a manufacturer of corrugated packaging in Catalonia. This development has helped the company to increase revenue and production capacity.

The company has presence across Europe, Americas and Africa.

Klabin S.A.

Klabin S.A. was founded in the year 1899 and is headquartered in Brazil. The company is engaged in the manufacturing of hardwood, softwood and fluff pulp, and the leader in corrugated board packaging and industrial bags. The company’s product categories include forestry, pulp, paper and packaging in which packaging is the market focused category.

For instance,

  • In October 2020, Klabin S.A. acquired the units producing corrugated board and paper for packaging from International Paper in Brazil in March for USD 330.00 million and receives approval from anti-trust authority and assumes operation. This development helped the company to increase the revenue and production capacity of corrugated products in the market

The company has presence across Middle East and Africa only.