Asia Pacific Corrugated Board Market Size & Outlook
Asia Pacific corrugated board market, 2018-2030 (US$M)
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Asia Pacific corrugated board market highlights
- The Asia Pacific corrugated board market generated a revenue of USD 54,665.9 million in 2022.
- The market is expected to grow at a CAGR of 7.1% from 2023 to 2030.
- In terms of segment, c flute was the largest revenue generating flute type in 2022.
- A Flute is the most lucrative flute type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 54,665.9 million |
| Market revenue in 2030 | USD 94,643.5 million |
| Growth rate | 7.1% (CAGR from 2022 to 2030) |
| Largest segment | C flute |
| Fastest growing segment | A Flute |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | A Flute, B Flute, C Flute, E Flute, F Flute |
| Key market players worldwide | International Paper Co, Georgia-Pacific, WestRock Co, Packaging Corp of America, Stora Enso Oyj Ordinary Shares - Class R, Oji Holdings Corp, Smurfit Kappa Group PLC, Mondi PLC, DS Smith PLC |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 40.6% of the global corrugated board market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 94,643.5 million by 2030.
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Corrugated Board Market Scope
Corrugated Board Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific corrugated board market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to corrugated board market will help companies and investors design strategic landscapes.
C flute was the largest segment with a revenue share of 29.63% in 2022. Horizon Databook has segmented the Asia Pacific corrugated board market based on a flute, b flute, c flute, e flute, f flute covering the revenue growth of each sub-segment from 2018 to 2030.
The presence of highly populated countries, such as China and India, with growing urbanization and spending power in the countries would support the growth of packaging industry in Asia Pacific and thereby corrugated boards.
Rising awareness about the environment and thereby increasing demand for greener packaging solutions in the region would drive the growth of the market. Further supported by government initiatives to ban plastic-based packaging in countries such as India would shift the focus towards paper packaging.
Foreign Direct Investments (FDIs), as well as investments in the number of projects in packaging in Asian countries, are likely to grow at a rapid pace. These trends are projected to propel the growth of the packaging manufacturing sector in these countries.
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Our clientele includes a mix of corrugated board market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific corrugated board market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific corrugated board market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific corrugated board market size, by country, 2018-2030 (US$M)
Asia Pacific Corrugated Board Market Outlook Share, 2022 & 2030 (US$M)
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