Corrugated Board Category - Procurement Intelligence
The Corrugated Board category is expected to grow at a CAGR of 6.8% from 2023 to 2030. APAC region accounts for the largest share of the category. Increasing spending power and growing urbanization are boosting the growth of this category. Companies are constantly developing new technology for efficient production and increased efficiency. Digitalization and technological advancements such as AI, blockchain technology, IoT, and digital printing are shaping the category with innovations.
The Ireland-based company, Smurfit Kappa, is creating a variety of innovative products and introducing them to the market. One of its kind is the launch of multifunction printers that can do both digital printings as well as flexographic and allows printing alongside the packaging material. This has resulted in increased sales and flexibility to alter as per client’s requirements.
Order your copy of the Corrugated Board Procurement Intelligence, 2023 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
Type-C flute segment dominates the market owing to its characteristic property of higher compression and more durable stacking strength than the B type. It is utilized for furniture packaging, glass, and shipping cases. Owing to less utilization of fiber materials, it facilitates high load-bearing capacity.
Category growth is expected to be fueled by the increasing awareness and environmental concerns related to the use of plastic packaging. The utilization of corrugated boards in varied industries like food & beverages, shipping, healthcare, e-commerce, and consumer goods is a key factor driving the growth trend in this category. The rising demand for an innovative corrugated board is attributed to its advantageous features, including high graphics boxes, thermo-insulating packaging, and e-commerce packaging solutions.
Corrugated Board Sourcing Intelligence Highlights
- There are many small and major competitors operating in various countries, creating a fragmented market for corrugated boards globally. Competition is intense amongst the competitors as they try to take the lead by continuous R&D to develop new technologies, make strategic alliances, and have mergers and acquisitions to increase their consumer base and enhance customer service.
- The suppliers of raw materials in this category such as Kraft paper, corn starch, and steel wires have increased over time, reducing the supplier’s bargaining power to some extent
- Kraft Paper, labor, and cornstarch used for making glue form the most significant cost component in the category. The overall cost also depends on the type of flute used such as A, B, C, E, F, and other types
- Most service providers offer complete services from designing, customization, delivery, and others
List of Key Suppliers
- DS Smith
- Smurfit Kappa
- WestRock Company
- Mondi
- Packaging Corporation of America
- Stora Enso
- International Paper
- Georgia-Pacific
- Oji Holdings Corporation
- Port Townsend Paper Company
Corrugated Board Procurement Intelligence Report Scope
- Corrugated Board Category Growth Rate: CAGR of 6.8% from 2023 to 2030
- Pricing Growth Outlook: 20% - 25% (Annually)
- Pricing Models: Cost plus pricing model, and market-based pricing model
- Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence
- Supplier Selection Criteria: By type, operating capability, quality measures, technology, certifications, regulatory compliance, and others
- Report Coverage: Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
- Market Intelligence involving – market size and forecast, growth factors, and driving trends
- Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
- Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
- Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
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