Latin America Corrugated Board Market Size & Outlook
Latin America corrugated board market, 2018-2030 (US$M)
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Latin America corrugated board market highlights
- The Latin America corrugated board market generated a revenue of USD 7,237.7 million in 2022.
- The market is expected to grow at a CAGR of 6.8% 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, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 7,237.7 million |
| Market revenue in 2030 | USD 12,207.2 million |
| Growth rate | 6.8% (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, Latin America region accounted for 5.4% 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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Latin America 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 31.09% in 2022. Horizon Databook has segmented the Latin America 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.
This growth in demand for corrugated boards in the region can be ascribed to strong gains owing to rising adoption and investment by upcoming companies coupled with favorable production scenario in the region due to easy availability of raw materials.
The major companies present in the regional corrugated board market includes Empresas CMPC and Klabin. Central & South America is a major producer of corrugated boards, as countries like Brazil, Chile, and Peru have abundant recycling centers.
In addition to having inexpensive raw material sources, corrugated boards are blessed with affordable new product development costs, reduced shipping costs, and light weight nature. Companies that are adopting these forms of packaging solutions are assured to incentivize by government subsidies and regulatory support.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America corrugated board market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America corrugated board market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America corrugated board market size, by country, 2018-2030 (US$M)
Latin America Corrugated Board Market Outlook Share, 2022 & 2030 (US$M)
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