Global Corrugated Board Market to See 5% Growth to 2015

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The global corrugated board packaging market is forecast to grow to 98 million metric tpy in 2015, a new study by Pira Internationa, Leatherhead, U.K., reveals. According to the study, the sector is to grow by a CAGR of nearly 5% between 2010 and 2015, with the highest expansion rates forecast in Brazil, Russia, India, and China (the BRIC countries), and Poland.

Actual consumption of corrugated board was 77 million metric tons in 2009, with an exconverter value of almost $82 billion. Asia was 44% of total corrugated board production, China was almost 25%, and the U.S. was 20%. Pira expects the overall market to rise 1.2% in 2010 to 78 million metric tons. For the period to 2015, the outlook is more positive with a forecast CAGR of 4.7%, taking the market to 98 million metric tons in 2015.

More than 60% of corrugated board is used to package non-food products. The largest single end-use sector is the electrical goods market. Processed food is 25% of the total demand and all food is just under 40%. Pira expects the strongest prospects will be found in personal and household care products, glassware, electrical goods, and chemicals. Processed food will be 25% of incremental volume, over 5 million metric tons of additional demand between 2010 and 2015. In food markets, the BRIC countries offer the most exciting growth prospects, along with Poland and Brazil. Forecast incremental demand in BRIC countries for 2010 - 2015 is 7 million metric tons, with China taking 4 million metric tons.

The Future of Corrugated Board Packaging to 2015 offers up-to-date information on the state of the global corrugated board market plus rational forecasts of future demand, broken down by country, print process, end use and other factors. The study also contains an in-depth analysis of the sector in terms of its key players, supply chain, geographic structure, key drivers and the shares of individual uses of corrugated board.