$458.3bn
$XX.Xbn
891k
5,607
$XX.Xbn
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.The United States has long been one of the world's largest producers, but it's been steadily losing its share of global production. While production has grown in the nation, it has not done so to the same extent as some emerging markets, and China has become the leader in global production. Notably, while emerging markets have experienced substantial growth in demand, developed markets have not grown to nearly the same extent. So many of the world's largest operators have pursued acquisitions to expand, either to consolidate their hold on a given market or to increase exposure to new markets.Industry revenue is forecast to increase at a CAGR of 2.7% to $524.1 billion over the five years to 2028. GDP growth in developing markets is forecast to continue to outpace economic growth in the United States and Europe during the outlook period. As a result, the share of production accounted for by emerging economies is anticipated to increase further. Meanwhile, global consumer spending will likely grow at an accelerated rate over the next five years, boosting demand for packaging products. In addition, consumers' increasing interest in sustainable packaging and new government regulations will likely encourage operators to invest more in research and development, contributing to growth in profit. However, strong volatility in the world price of wood pulp will likely continue to pose a potential threat to industry operators.
Industry revenue has grown at a CAGR of 7.2 % over the past five years, to reach an estimated $458.3bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
International Paper Company | 16,041.2 | N/A | N/A | |
WestRock Company | 15,124.6 | N/A | N/A | |
Smurfit Kappa Group plc | 13,749.6 | N/A | N/A |
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Global Cardboard Box & Container Manufacturing
Industry revenue is measured across several distinct product and services lines, including Corrugated and solid fiber boxes, Folding paperboard boxes and Other. Corrugated and solid fiber boxes is the largest segment of the Global Cardboard Box & Container Manufacturing.
Volatility in industrial activity dampens growth for corrugated and solid fiber boxes
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.
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C1512-GL - Global Cardboard Box & Container Manufacturing
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Box manufacturers come out of COVID strong. The greater use of e-commerce and inflated consumer prices supported robust revenue growth following the pandemic.
Learn about an industry's products and services, markets and trends in international trade.
Corrugated boxes remain the mainstay of the industry. While the segment has declined slightly, corrugated cardboard's uses in industrial settings have kept demand strong.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
China is the largest producer of cardboard boxes. Over the past two decades, China's growing manufacturing sector has led to rapid growth in its need for cardboard containers...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Demand for sustainability hinders plastic and foam. Cardboard is one of the more sustainable options for shipping and storing products, giving it an advantage over substitute...
Learn about the performance of the top companies in the industry.
Few companies command a significant market share. Shipping cardboard containers overseas is challenging and limits companies' ability to grow internationally.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Wood pulp prices have driven revenue growth. Following the pandemic wood pulp prices surged, leading to rising cardboard box prices and revenue.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit remains strong despite cost fluctuations. Cost-cutting efforts and staff consolidation have kept profit high despite inflated wood pulp prices.
Including values and annual change:
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The market size of the Global Cardboard Box & Container Manufacturing industry in Global is $458.3bn in 2024.
There are 5,607 businesses in the Global Cardboard Box & Container Manufacturing industry in Global, which has grown at a CAGR of 7.2 % between 2018 and 2023.
The market size of the Global Cardboard Box & Container Manufacturing industry in Global has been growing at a CAGR of 7.2 % between 2018 and 2023.
Over the next five years, the Global Cardboard Box & Container Manufacturing industry in Global is expected to grow.
The biggest companies operating in the Global Cardboard Box & Container Manufacturing market in Global are International Paper Company, WestRock Company and Smurfit Kappa Group plc
Manufacturing corrugated and solid fiber boxes and Manufacturing folding paperboard boxes are part of the Global Cardboard Box & Container Manufacturing industry.
The company holding the most market share in Global is International Paper Company.
The level of competition is high and steady in the Global Cardboard Box & Container Manufacturing industry in Global.