Boxed in: Strong volatility in the world price of wood pulp poses a potential threat to the industry
Over the five years to 2023, the industry has benefited from growth in global consumer spending and world GDP. Growing consumer spending led to expanding downstream markets, including manufacturing, retail and wholesale businesses. In addition, rising demand from emerging markets, such as China and India, has boosted demand for cardboard containers. But strong fluctuations in the world price of wood pulp have hampered revenue growth in specific years. However, supply chain disruptions during and following the COVID-19 pandemic caused prices to increase and revenue to surge. Altogether, industry revenue is expected to grow at a CAGR of 7.2% to $458.3 billion over the five years to 2023, including an increase of 0.1% in 2023 alone.
Operators in this industry convert paper, paperboard and old corrugated containers into cardboard boxes, containers and similar packaging solutions. The industry produces corrugated and solid cardboard packaging for a wide range of industries, including manufacturing, agriculture, wholesale, shipping, retail and others. Flexible packaging such as paper bags and plastic sacks are excluded.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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